Evidence for the questions that are hard to answer from the org chart.
Our research starts with behavior in the wild. We map the conversations, choices, incentives, and handoffs that make a system work—or quietly make it fail.
Interactive research · Anode × Reserve
The economics of growing eUSD.
Explore overcollateralization, fintech balances, revenue sharing, and direct holdings. Compare three revenue rules using historical balances and editable scenarios.
Explore the eUSD Economics LabHandbook 002 · September 2026
The DAO Delegation Handbook.
How delegated governance power is allocated, exercised and controlled. By Enrique Alles Fernandez.
Explore the handbookResearch brief 001 · July 2026
What governance reveals about collective intelligence.
A comparative study of governance behavior across 15 DAOs, grounded in 59K forum posts and 4.8K mapped threads.
Read the research brief