Hekaton’s Substack
A newsletter covering macro finance, decentralized finance and blockchain technology.
- Indexed issues, last 90 days
- 5
- Latest publication
- Sep 23, 2026
- Audience
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- Earliest in this view
- Jul 8, 2026
Latest issues
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
No Rogue AI Traders, Please. (opens the original)
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/$s_!scbF!,w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F549862aa-ca24-4ada-98f6-49db76a50d61_1536x1024.pn
The Robinhood Effect: Ethereum vs. Solana, and the Agentic Endgame (opens the original)
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<img alt="" class="sizing-normal" height="971" src="https://substackcdn.com/image/fetch/$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
Agents Are the New Interface of DeFi (opens the original)
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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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