4 min read
Independent protocol research for DeFi & RWA allocators.
A practitioner-authored library. Never paid by the protocols we cover.
Monthly protocol report
One new report a month. The library grows on cadence.
Five dimensions
Market, Tokenomics, Governance, Regulatory, Scenarios — every protocol, every report.
IC memo structure
Written to the shape of an investment-committee memo, not a blog post.
Independent
Never paid by the protocols we cover. No sell-side.
Protocols we monitor
Ondo
Maple Finance
Aave
Lido
Morpho
Pendle
Ethena
EigenLayerOndoMaple FinanceAaveLidoMorphoPendleEthenaEigenLayer
The problem
The challenge isn't technical. It's analytical.
01
RWA and DeFi are in the mandate.
Your analysts aren't crypto-native.
02
Docs read. Audits read.
Still no view you can take to the IC.
03
You hold the exposure, or the thesis.
No in-house team to diligence protocols.
04
The IC wants a structured answer.
Not a tweet thread.
That's the gap a firm-wide research subscription fills.
Sample
Ondo Finance
Leading position, unproven economics.
A two-page executive summary of the first report in the library. Request it to see the structure of the research. The PDF is sent to your inbox — it is not a public file.
One report a month. Ondo in September, then Maple, then Ethena.
Available now on request. Full report in production.
About
Written by a practitioner.
Research from someone with 15+ years in software and technology, active in crypto since 2016 and hands-on in DeFi since 2019 — not a TradFi analyst who arrived last cycle.
Hedgen publishes independent analytical research. It is not investment advice.
- No covered protocol pays us
- No sell-side work for protocols
- No TradFi analyst who arrived last cycle
Subscription
Institutional protocol research, licensed per firm.
Founding is $9,000/year for the first ten firms, locked for life. Licensed per firm, never per seat. Standard pricing is shared on the intro call.
Full library, new reports on a monthly cadence, and quarterly updates from 2027. The detail lives on the subscription page.
How the subscription worksPurpose-built research tooling
Powered by Hedgen Analytics
Every Hedgen analysis is backed by purpose-built tooling we maintain — on-chain metrics, tokenomics dynamics, and custom risk indicators for the protocols we cover — giving our research depth that public dashboards alone cannot provide.
We build our own tools because rigorous protocol analysis requires more than public dashboards; it requires purpose-built tooling, maintained by analysts who understand what the data means.
Request the sample before you subscribe.
Request the two-page Ondo Finance executive summary as a sample of the Hedgen framework. Available now on request. Full report in production. Then a 30-minute call to see whether a Founding membership fits your firm. No commitment.
Or reach out directly at contact@hedgen.xyz
Protocol Briefing
Research updates and report releases. Executive summaries, new coverage, occasional analysis. No fixed cadence, no noise.