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Hekaton’s Substack

A newsletter covering macro finance, decentralized finance and blockchain technology.

Newsletter · By Hekaton Research Newsletter · English · Official site

Indexed issues, last 90 days
5
Latest publication
Sep 23, 2026
Audience
Checking…
Earliest in this view
Jul 8, 2026

Latest issues

  1. Issue · Sep 23, 2026

    The Agentic Risk Layer: Giving the Ghosts a Shell (opens the original)

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    Hundreds of teams are racing to build agent capability: better reasoning, better tools, better memory, better coordination. Almost nobody is building the layer that decides what an agent is permitted to do with that capability. Someone has to build the cage before the animal is ready to roam.We call that layer the Agentic Risk Layer, and it resolves into three functional domains. A functional domain is an architectural category that groups technology by the job it performs.The Trust domain estab

  2. Issue · Sep 2, 2026

    No Rogue AI Traders, Please. (opens the original)

    Excerpt · Critical tone

  3. Issue · Jul 14, 2026

    The Packaging Premium Is Dead: How Agentic Finance Collapses the Economics of Structured Products (opens the original)

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    <img alt="" class="sizing-normal" height="971" src="https://substackcdn.com/image/fetch/$s_!scbF!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F549862aa-ca24-4ada-98f6-49db76a50d61_1536x1024.pn

  4. Issue · Jul 13, 2026

    The Robinhood Effect: Ethereum vs. Solana, and the Agentic Endgame (opens the original)

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    <img alt="" class="sizing-normal" height="971" src="https://substackcdn.com/image/fetch/$s_!VxTm!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F61af8e65-176e-456c-a134-4c1209ae94a3_1536x1024.pn

  5. Issue · Jul 8, 2026

    Agents Are the New Interface of DeFi (opens the original)

    Excerpt · Neutral tone

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    <img alt="" class="sizing-normal" height="582" src="https://substackcdn.com/image/fetch/$s_!OFfy!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6fc7e7de-e76d-4115-8893-4cc51139189a_1983x793.png"

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