§ Research
Public notes on capital, technology and market structure.
Mjolnir publishes occasional research to help investors, founders and operators understand the developments shaping markets, value and decision-making — across digital assets, AI, private markets and emerging financial infrastructure.
Written for readers who want to understand what is changing before consensus catches up.
When model quality converges, what are investors actually valuing? If model-level differentiation can weaken faster than conventional forecasts assume, where does the duration of value move? Read → How to Read a Vesting Schedule Before It Changes the Float A vesting schedule tells you when tokens unlock. To understand the potential market impact, you also need to know who receives them, what is enforceable, and how much real liquidity is available. Read → Understanding Secondary-Market Discounts for Locked Tokens A wide locked-token discount is not simply a cheaper entry price. It is often a market-made judgment on vesting risk, future supply, liquidity and uncertainty. Read → What a Lender Needs to Know Before Accepting Token Collateral Collateral value is not the headline price. It depends on float, unlock pressure, holder concentration, custody, liquidation mechanics and available liquidity. Read →