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DeFi Protocol Mechanics, Decoded
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Felix Turner

Focuses on DAO governance design and the operational challenges of decentralized organizations, studying voting mechanisms and incentive structures.

Articles

protocols

The WBTC in Your Wallet Is Actually Backed by a Two-of-Three Key: Breaking Down Wrapped Bitcoin's Complete Trust Structure

July 30, 2026
protocols

From Fighting Over One Token's Votes to Fighting Over the Protocol That Fights for You: A Complete History of the Curve Wars

July 29, 2026
protocols

'Bribing' Sounds Illegal — In DeFi Governance, It's an Openly Transparent Business Mechanism: How the veToken Ecosystem Works

July 25, 2026
protocols

How Governance Attacks Happen: When Voting Power Can Be Borrowed for a Single Block

July 24, 2026