Why Ketju exists

Ketju Research is written and maintained by Jon Ragsdale.

Jon is a financial advisor. As on-chain finance moved from the edge of the industry toward its clients, he set out to understand it well enough to do his job as well as it can be done: what a yield actually pays for, who can freeze which asset, whether money could come back out on a bad day. The research he wanted did not exist. Dashboards ranked yields; nobody wrote verdicts. So he built the desk he could not buy.

Ketju is published in a personal capacity. It is independent of and unaffiliated with any advisory firm, and no firm has reviewed or endorsed it. Ketju does not manage assets, does not take custody, does not give individualized advice, and accepts no compensation from any protocol, chain, or issuer it covers. It is research for professionals, priced so any professional can hold it to account.

The work stands on its artifacts: 499 protocols examined, every memo versioned with observable kill criteria, rejections published with their reasons, and a method that reports its coverage split rather than merged. Read the unlocked memos and judge the work directly.

Sharing Ketju with your compliance officer? The one-page summary is written for that conversation.

Questions: [email protected]