The visual guide to how money moves onchain.
How two strangers bet on tomorrow's price without ever touching the asset. Leverage, liquidation, funding rates, and the carry trade.
No order book. No counterparty. Just a curve that gives you a price. Liquidity pools, slippage, and impermanent loss.
How do you borrow without a bank? Overcollateralization, utilization curves, liquidation bots, and flash loans.
What's the probability it rains tomorrow? Would you bet money on it? How crowd beliefs become market prices.
Every machine in this series is live on Base right now.