Resources for Web3 Data Science & Quantitative Research (WIP)

Web3 Basics

At some point it's better to just create a wallet and start experiencing

• Coinbase Crypto Basics: Basic glossary for the absolute beginner

• OdysseyDAO's Intro to Web3: Hands-on guides for setting up wallets, basic transactions, etc.

• Whiteboard Crypto youtube channel: 10-minute illustrated videos covering basic crypto/blockchain concepts like "what is a blockchain", "what is DeFi", "what is Uniswap", "what is a DAO", etc. 

Decentralized Finance (DeFi) 

The deepest rabbit hole and where the fun's at

• Finematics youtube channel: Introductory videos to DeFi mechanisms and tokens

• DeFi MOOC by Stanford & Berkeley RDI: Great overview course on DeFi

• Messari research: Quarterly protocol reports (due-diligence type overview) - they might be paid by the protocol

• @TheDeFiEdge, @DeFi_Cheetah: Twitter threadoors covering protocol deep-dives, news, etc. Good accounts to follow for those new to crypto twitter

• Alex Nezlobin (@0x94305): Threadoor for more advanced / technical DeFi audience

• Polygon DeFi research blog: Some deep dives into derivative protocols and ecosystem

• Gauntlet research: Hard-core quantitative research on DeFi incentive & mechanism design, tokenomics, and risks

MOST IMPORTANTLY: READ THE WHITEPAPERS

Data Sources / On-Chain Analysis Tools

Data does not lie, at least until people have analyzed it

For a survey and guide for on-chain data sources and tools check out this great guide by Xin Wan and Gordon Liao from Uniswap: On-chain data science guide, queries, and tools

• CoinMarketCap: Aggregate stats for tokens, good for studying ecosystems like LSDs, gaming, etc.

• Etherscan (or any other block scanner): Tracking specific transactions / wallets / contracts

• DefiLlama: Aggregate data for DeFi projects / tokens. Best for: token usage / TVL, yields

• Dune Analytics: Currently the best site for queryable databases and community dashboards, but other options like Flipside and Footprint are increasingly viable too. Some good Dune accounts to check out (fork queries from):

  • Sixdegree Labs

  • Blockworks Research

• Messari API / CoinGecko API: Free APIs for (historical) crypto prices, market data metrics, on-chain metrics, and qualitative information

• FRED: TradFi / Macroeconomic data including interest rates, inflation, real GDP growth, etc.

• Subgraphs on The Graph: Indexing of unique data beyond event emits. See this tutorial here: GraphQL Walkthrough: How to Query Crypto

• Blockchain-ETL Public Data: BigQuery-compatible, low-level ETL data for Ethereum and Polygon. 

• AWS Public Blockchain Data: low-level transactions data for Bitcoin and Ethereum. 

Machine Learning / Statistics

Have to go through all the math, unfortunately

• Khan Academy's Intro to Statistics, Intro to Calculus, Intro to Linear Algebra: Beginner math foundations for data science / ML. 

  • For a more challenging linear algebra class check out MIT's 18.06 by Gilbert Strang

• W3Schools Python Tutorial: Beginner tutorials in Python, the standard language for ML / data science / quantitative research

• UC Berkeley's Data 100 Course: Open course covering intro-level techniques for ML/DS in Python and some SQL. (update: they recently made a lot of recordings private but most slides and code are still publicly available)

• Deeplearning.ai's Machine Learning Specialization and Deep Learning Specialization: Best online courses for ML, period. Andrew Ng is a legend. The entire sequence would require significant time commitment but worth it imo

• The Elements of Statistical Learning: Stanford textbook covering low-level (math heavy) machine learning concepts. Good for advanced undergrad / grad students with solid math & stats foundation (intro-level real analysis / measure theory recommended)

Learning & Research Communities

Join the smartest people

Communities

• Metrics DAO: DAO for Web3 data analysts. They offer a free Web3 Analytics 101 course using Dune/Flipside. Analysis bounties available

• Token Engineering Commons: Community of token engineers and cryptoeconomic researchers. They offer a free course sequence on token engineering.

• QuantEcon: Open source learning and development community for quantitative economics. Open courses available from advanced undergrad to PhD level. Code packages available in Python / Julia.

Academic conferences / workgroups

• Crypto and Blockchain Economic Research (CBER) Forum

• MIT Cryptoeconomic Systems Journal & Conference

• Tokenomics - International Conference on Blockchain Economics, Security, and Protocols

• Science of Blockchain Conference

• ACM DeFi Workshop

• Financial Cryptography

• Seminar series on Central Banking and Digital Currencies

• ACM Advances in Financial Technologies (AFT)

Advanced Topics

Things to grind on with a good supply of caffeine

Agent-based modeling

• mesa library for ABM

Algorithmic game theory

• Textbook by Noam and Roughgarden

Complex networks

• Textbook by Vega-Redondo

Dynamic macroeconomics

• The ABCs of RBCs by McCandless

• Recursive Macroeconomic Theory by Ljungvist and Sargent

Financial mathematics

i.e. computational finance, financial engineering

• Topics in Mathematics with Applications in Finance - MIT Open Courseware

Reinforcement learning

• Textbook by Szepesvari

Zero-knowledge machine learning (zkML)

• The State of Zero-Knowledge Machine Learning (zkML) by Spectral.fi

• Modulus Labs

• Axiom

Research Papers

For those who enjoy reading abstracts, algebra, and maybe abstract algebra

Here're some high-impact papers related to Web3 & cryptocurrencies by subject. For a more complete list of published papers check out CBER's Blockchain Literature Catalog.

Economics / Finance - Theory

• "Is Bitcoin a real currency? An Economic Appraisal" by Yermack

• "Some Simple Bitcoin Economics" by Schilling and Uhlig

• "The Economic Limits of Bitcoin and Anonymous, Decentralized Trust on the Blockchain" by Eric Budish

• "Some Simple Economics of the Blockchain" by Catalini and Gans

• "Blockchain without Waste: Proof-of-Stake" by Saleh

• "Tokenomics: Dynamic Adoption and Valuation" by Cong, Li, and Wang

Economics / Finance - Empirical

• "Risks and Returns of Cryptocurrency" by Liu and Tsyvinski

• "Trading and Arbitrage in Cryptocurrency Markets" by Makarov and Schoar

• "Is Bitcoin really untethered?" by Griffin and Shams

• "Sex, Drugs, and Bitcoin: How Much Illegal Activity Is Financed through Cryptocurrencies?" by Foley, Karlsen, and Putnins

• "Initial Coin Offerings: Financing Growth with Cryptocurrency Token Sales" by Howell, Niessner, and Yermack

DeFi

• "Improved Price Oracles: Constant Function Market Makers" by Angeris and Chitra

• "Automated Market Making and Loss-Versus-Rebalancing" by Milionis, Moallemi, Roughgarden, and Zhang