D
cryptodefiresearch

DAN ROBINSON

Leading research at the crypto firm Paradigm and co-writing the Uniswap v3 whitepaper.

Netfigo Verdict
on Dan Robinson

Dan Robinson is the researcher other crypto researchers read. As head of research at Paradigm, he co-wrote the Uniswap v3 whitepaper and the 2020 essay Ethereum is a Dark Forest, which taught the whole industry what MEV is. He came to crypto the strange way, through Harvard Law and a New York litigation job. His edge is mechanism design, inventing new market rules like TWAMM and power perpetuals. If you want to understand how modern DeFi actually works under the hood, his essays are the syllabus.

Net Worth

Not disclosed

Time Horizon

Long-Term

Risk Appetite

7 / 10

CAREER & BACKGROUND

Started as a litigation attorney at Paul, Weiss in New York. Left law for crypto, spending about two and a half years at Chain and then Interstellar, where he worked on Bitcoin, Ethereum, and Stellar projects.

Joined Paradigm in January 2019 as a research partner. Took over as head of research in July 2021.

Co-wrote the Uniswap v2 and v3 whitepapers in 2020 and 2021, plus TWAMM, power perpetuals, and gradual Dutch auctions.

COMPANIES & ROLES

Paradigm. Earlier stops at Chain and Interstellar.

INVESTING STYLE & PHILOSOPHY

Research is the edge. Robinson does not chase hype.

He studies how markets and protocols work at a deep level, publishes the findings for free, and Paradigm invests behind the ideas. He is drawn to elegant mechanism design, the kind of rule that keeps working without anyone stepping in to manage it.

THE PLAYBOOK

Risk Approach

Measured for a crypto native. His bets are designs, not day trades.

Robinson favors what he calls hardened protocols, systems built so no human has to make a judgment call later. He joined Paradigm partly because the firm takes a long view and funds basic research instead of quick wins.

Money Habits

This one is not public. Robinson does not talk about personal spending.

What he does talk about is keeping systems simple and hands-off, so no one has to step in once the rules are set.

BIGGEST WIN

Uniswap v3. He co-wrote the 2021 whitepaper for the concentrated-liquidity design that reshaped how automated exchanges work.

His 2020 essay Ethereum is a Dark Forest is the other one, the piece that put MEV on everyone's radar.

BIGGEST MISTAKE

He has not publicly named a big regret, and as a researcher his work is open essays rather than personal trades. The closest thing to a knock is the ongoing debate over whether Uniswap v3, which he co-designed in 2021, got too complex for casual users.

FINANCIAL PHILOSOPHY

Remove the decision. Robinson argues the best protocol is one where there just is not a decision to make, because discretion is where things break.

Design the rules well up front, make them hands-off, and let the market run. To him theory and building are the same job.

FAMILY & PERSONAL LIFE

Not publicly known. Robinson keeps his personal life off the record.

EDUCATION

Harvard University for his undergraduate degree, then a law degree from Harvard Law School.

BOOKS & RESOURCES

No book

His work lives in free essays and whitepapers. Start with Ethereum is a Dark Forest from 2020, then the Uniswap v3 whitepaper. TWAMM and Everything Is a Perp are for the deeper end

QUOTES (6)

This is a horror story.

ethereummevEthereum is a Dark Forest (Paradigm), 2020

If the chain itself is a battleground, the mempool is something worse: a dark forest.

ethereummempoolEthereum is a Dark Forest (Paradigm), 2020

In the Ethereum mempool, these apex predators take the form of arbitrage bots.

botsethereumEthereum is a Dark Forest (Paradigm), 2020

The monsters had devoured us.

ethereummevEthereum is a Dark Forest (Paradigm), 2020

I am excited to announce that I am joining Paradigm as a Research Partner, to help Matt Huang, Fred Ehrsam, and Charlie Noyes build a new kind of investment firm.

careercryptoJoining Paradigm (Medium), 2019

Another thing that drew me to this opportunity is Paradigm's long-term perspective, and their commitment to pushing the entire industry forward by investing in basic research.

long-termparadigmJoining Paradigm (Medium), 2019

NETFIGO SCORE

Proprietary 5-dimension investor rating

NETFIGO ORIGINAL

Risk Appetite

7
Treasury bondsLeveraged crypto

Contrarian Index

8
Pure consensusExtreme contrarian

Track Record

8
One-hit wonderDecades of wins

Accessibility

7
Billionaires onlyCopy-paste strategy

Time Horizon

Day Trader
Swing
Medium-Term
Long-Term
Generational

Head-to-Head

Compare Dan Robinson vs another investor.

Are you a Dan type?