TL
Teaching Lectures NEW
define-first pedagogy, theory + Colab, no instructor kit
TL02
Ethereum: The Five Things (intro)
15 slides
2 analogies per concept
30 min, no math
NEW
A simple 30-minute introduction to Ethereum for students who want the shape of the protocol without the math. Five concepts, two analogies each, one concrete example per concept, zero formulas. Concepts: chain (a shared notebook), account (a name plus a key), transaction (a signed cheque), smart contract (a vending machine), gas (a fare meter). Each Apply slide ends with a pointer back to the full teaching deck for the next layer of detail. Companion Colab notebook has five small cells: keccak256 fingerprint, fresh keypair to address, sign-and-verify-and-tamper, gas-in-dollars calculator. No instructor kit, no quiz, no lab guide.
TL01
Ethereum: Concepts, Theory, Approach
35 main + 5 ADV
Define-first pedagogy
Google Colab notebook
90 min, BSc
Theory-first 90-minute lecture on the Ethereum protocol. Six sections (crypto primitives, state machine, EVM and gas, consensus, smart contracts, L2 appendix), each opening with a Define slide before any Apply slide. The companion Google Colab notebook lets students compute every concept themselves: keccak256 hashing, ECDSA keypair generation, address derivation, sign-and-verify, a toy Merkle root, reading public Sepolia state, decoding the historical block 46147 mainnet transaction, and EIP-1559 fee math. The notebook never deploys and never asks for a real-money private key. Only the slides PDF and the Colab notebook are linked here; no instructor kit, no quiz, no lab guide.
Pedagogy. Define-first means every term gets a one-sentence definition slide before it appears in any application. The single combined Define slide for consensus terms (slide 25) handles the densest section.
Coverage. hash, public-key crypto, signatures, state machine, EOA vs contract account, MPT, transactions, EVM, opcodes, gas, EIP-1559, validators, slots, epochs, attestations, finality, smart contracts, ABI, function selector, events, ERC-20 / ERC-721 interfaces, optimistic vs zk rollups.
Source files. Browse on GitHub.
TL03
Business Models for Digital Finance
36 slides
5 archetypes
2h, BSc
NEW
How do digital finance platforms actually make money? Opening paradox: Uniswap's code was copied in four hours, yet it holds billions in liquidity. Five archetypes analyzed: Coinbase (exchange spread + flat fee, dual regulatory and liquidity moat), Uniswap (0.3% LP fee, liquidity moat only, fork paradox), Circle (USDC seigniorage: yield on reserves minus ops costs), Revolut (freemium neobank, brand moat), Binance (offshore flywheel, no moat, DOJ settlement). Moat durability matrix: code is forkable in hours, liquidity takes 6-18 months to rebuild, a regulatory licence takes 3-10 years to obtain. Cryptoeconomics 6-question lens applied to all five archetypes in a single comparison table.
TL04
Swiss Digital Finance Strategy
34 slides
8 charts
4h, BSc
NEW
Why Switzerland, and why does it matter? Three government archetypes (Ban, Enforce-first, Legislate-first) as the opening frame. DLT Act 2021: three legal innovations (DLT securities, DLT trading facility licence, insolvency segregation). FINMA 3-tier licensing: Sandbox (CHF 1M, no licence), Fintech licence (CHF 100M, CHF 300k capital), Full Bank (CHF 10M capital, esisuisse). SDX worked example: T+0 settlement, CHF 500M+ CSD volume, Project Helvetia wholesale CBDC pilot. SIF December 2025 strategy: 12 pillars (5 deep + 7 rapid). Central thesis: legal certainty is a product - Switzerland sells regulatory predictability as a competitive advantage. Includes retrieval practice frames (MiCA recall, Howey Test recall) and a student exercise (tokenised real estate fund scenario).
TL05
Institutional Crypto & TradFi Integration
28 slides
5 charts
45 min, BSc
NEW
Who holds institutional crypto, how, and why does it matter? Custody architectures (hot/warm/cold, MPC, HSM) with security-operability trade-off matrix. Institutional prime brokerage: product stack comparison across JPMorgan, Coinbase, BitGo, Galaxy. Real-World Asset tokenisation: $15B deployed on-chain (rwa.xyz), $4T-$16T addressable (BCG/Citi). Case studies: BlackRock BUIDL ($2.9B Dec 2024, largest tokenised fund), Franklin FOBXX (first SEC-registered blockchain fund), JPMorgan Kinexys ($1B+ daily repo). Swiss exercise: Pensionskasse deciding between SIX ETP, BUIDL, and direct custody under FINMA/BVV2 framework. Cryptoeconomics trio applied to institutional settlement infrastructure.
TL06
Enterprise Blockchain: ROI & Business Cases
27 slides
5 charts
45 min, BSc
NEW
When does enterprise blockchain actually create value? 5-question decision framework (Wust & Gervais 2018). Failure analysis: TradeLens (Maersk/IBM, press-reported $1.6B+, wound down Dec 2022), HSBC Contour (R3 Corda, wound down Nov 2023). Success cases: Walmart Food Trust (2018 pilot benchmark: 6.5 days to 2.2 seconds traceability), JPMorgan Kinexys ($1B+ daily repo, formerly Onyx), SIX Digital Exchange (FINMA-licenced, single-operator model). TCO break-even model: high Year-1 integration costs, break-even typically Year 3-4, 3x multiplier rule. Consortium survival data: 82% of 2016-2017 cohort wound down by 2024; governance disputes (34%) are the leading cause. ROI modelling exercise. Cryptoeconomics trio on enterprise multi-party settlement.
TL07
Digital Finance: Handlungsfelder 2022+ (Deutsch)
24 slides
8 charts
45 min, BSc
NEW
Vollstaendige deutschsprachige Vorlesung basierend auf dem Bundesrats-Bericht "Digital Finance: Handlungsfelder 2022+" (EFD/SIF, Februar 2022). Alle 12 Handlungsfelder: Neue Akteure, Open Finance, RegTech/SupTech, Cloud-Nutzung, Cybersicherheit, Datennutzung, Gemeinschaftliche Datennutzung, Grenzueberschreitender Datenfluss, Kuenstliche Intelligenz, DLT, Green FinTech, Innovationspotenzial. Chancen und Risiken der Digitalisierung. Rolle des Bundesrats als Ermoeglicht. 8 Originalcharts. Quiz mit 20 deutschen MC-Fragen zu allen 12 HF.
TL08
Real-World Assets: The Business of Tokenization
27 slides
7 charts
45 min, BSc
NEW
How do you build a business on tokenized real-world assets, and who captures the value? Opening problem: roughly $400-500 trillion of global assets exist (real estate, bonds, equities, private credit), yet less than 0.01% is tokenized on-chain (about $15B, per rwa.xyz). The gap is a business, legal, and regulatory problem, not a technology one. Covers the 3-layer RWA value chain (origination, infrastructure, distribution), sector deep-dives (real estate via RealT, private credit via Centrifuge, trade finance and carbon credits), and how incumbents co-opt tokenization (JPMorgan Kinexys, BlackRock BUIDL at $2.9B, Franklin BENJI). Four startup archetypes are compared by moat strength, with the central finding that a regulatory licence is the only truly fork-resistant moat in RWA. Includes worked business-model analyses of Centrifuge and RealT and a Maple Finance student exercise, with the cryptoeconomics 6-question lens applied to RWA value flow and failure modes.
TL09
Crypto as an Asset Class
28 slides
8 charts
45 min, BSc
NEW
Does Bitcoin belong in a portfolio? Opening paradox: Bitcoin has a higher Sharpe ratio than the S&P 500 over 2020-2024, yet most institutional investors still hold zero. Portfolio theory applied to crypto: annual return history 2015-2024, the volatility premium, Sharpe ratio comparison (crypto vs equities vs gold), correlation matrix, efficient frontier shift with BTC, and the Sharpe-maximising allocation. The ETF Revolution: January 2024 spot Bitcoin ETF approvals, AUM growth chart, rolling correlation regime change. Institutional adoption ladder and access vehicles. Verdict frame: digital gold, tech stock, or new asset class? Cryptoeconomics trio applied to crypto market microstructure.
TL10
Layer 2 Scaling Solutions
26 slides
4 charts
90 min, BSc
NEW
Why does every Ethereum transaction cost money, and how do Layer 2 solutions fix it? Gas fee crisis: five-year timeline showing four eras (2017 ICO boom, 2021 DeFi summer, post-Merge, post-Dencun). Scalability trilemma: pick any two from decentralisation, security, scalability. Rollup mechanics: how transaction batching reduces block space demand. Data availability and the EIP-4844 Dencun upgrade (March 2024). Optimistic rollups: innocent-until-proven-guilty model, 7-day withdrawal wait, Arbitrum/Optimism/Base. ZK-rollups: instant withdrawal via cryptographic proof, zkSync/StarkNet/Polygon zkEVM. Head-to-head comparison matrix: no single winner across all dimensions. L2 ecosystem TVL chart: from $3B to $30B in three years. Mini-lecture included; no separate quiz (deep-dive format).
TL11
The UST Death Spiral: Anatomy of a Collapse
22 slides
8 charts
30 min, BSc
NEW
Technical post-mortem of the $40 billion Terra/Luna collapse in May 2022. UST/LUNA mint-burn mechanism: how algorithmic stability was supposed to work. Anchor Protocol: the 19.5% yield trap and why reserves were draining. Terra ecosystem at peak: $60B market cap. Death spiral day-by-day: May 7-12, 2022 timeline chart. Reflexivity: why the mint-burn mechanism amplified the collapse rather than restoring the peg. Contagion: the $70 billion domino chain (Three Arrows Capital, Celsius, BlockFi). Structural fragility: why all algorithmic stablecoins face the same Achilles heel (no exogenous collateral). Regulatory response and what changed post-collapse. Supplements Module E (L39 Terra/Luna Case Study) with deeper mechanism analysis.
Pedagogy. Problem-first narrative arc: every lecture opens with a paradox or decision problem before revealing the framework. Retrieval practice frames embedded mid-lecture. Cryptoeconomics 6-question lens applied systematically across archetypes and regulatory frameworks.