Spot Exchange - Delphi Digital

Uniswap has a cumulative total of ~$1T volume, often competing with CEXs like Coinbase for volume on major pairs. Uniswap views CEXs as its primary competitor rather than other DEXs. The Uniswap community is sitting on a lever that could enable them to re-direct a portion of the protocol’s fee revenue to governance, otherwise known as the fee switch.

Mar 23, 2023

Trader Joe's Novel Take on Concentrated Liquidity

Joo Kian

Trader Joe's Novel Take on Concentrated Liquidity

Joo Kian

•

Mar 23, 2023

Trader Joe’s LB introduced a novel innovation that created an alternative model of concentrated liquidity and provides more flexibility for LPs. Its unique implementation of a constant sum invariant within each price bin allows traders to enjoy zero-slippage swaps, unlike other constant product AMM DEXs.

Mar 10, 2023

Are Infinity Pools the Next Big Speculation Primitive?

Jordan Yeakley, CFA

Are Infinity Pools the Next Big Speculation Primitive?

Jordan Yeakley, CFA

•

Mar 10, 2023

Implementing leverage in crypto is not easy. Many current platforms use middle-term solutions or large off-chain components. Crypto leverage trading therefore lacks the composability and permissionless nature of other DeFi products. Infinity Pools is an upcoming leverage trading DEX that offers unlimited leverage on any asset pair, with no liquidations, no oracles, and no counterparty risk.

Feb 01, 2023

Protocol Update: Examining Frax Finance's "DeFi Trinity"

Genevieve Yeoh

Protocol Update: Examining Frax Finance's "DeFi Trinity"

Genevieve Yeoh

•

Feb 01, 2023

Frax Finance is a household name for seasoned DeFi users. In the last year, they’ve launched Fraxlend and Fraxswap alongside several other products. This post will look at Frax’s newer product launches and examine their traction.

Jan 18, 2023

From 1 to 100: What the Future Holds for DEXs

Priyansh Patel

From 1 to 100: What the Future Holds for DEXs

Priyansh Patel

•

Jan 18, 2023

The issues that plagued centralized exchanges (CEX) in their infancy have still not been eradicated. In the grand scheme of things, we’ve made some vast improvements to CEX performance. Some are better than others, but every subsequent collapse in the industry gets bigger and more bizarre.

Dec 15, 2022

A Nuanced Approach to Estimating Mark-to-Market Crypto-Asset Values

Priyansh Patel

A Nuanced Approach to Estimating Mark-to-Market Crypto-Asset Values

Priyansh Patel

•

Dec 15, 2022

The reasons for the monumental collapse of FTX still aren't entirely clear. There are numerous theories that speculate on what went down. Yet, nothing can be said with absolute certainty. That said, several pieces of this puzzle have been uncovered, and there’s one that stands out clearly.

View All research

Tom Shaughnessy

•

Sep 06, 2021

Watch now

Stream Delphi Media now:

Jun 24, 2021

Jean Miao: The Permissionless Protocol for Decentralized Perpetual Swaps on Arbitrum

Tom Shaughnessy

Jun 17, 2021

Simon Harman: Exploring Chainflip’s Cross-Chain Native AMM

Tom Shaughnessy