Alpha Insights

Analyzing veCRV Performance, Four Years Later
By
Anil Lulla•
The original cohort of 4-year veCRV lockers have been maturing over the past few months. I’ve discussed flaws of the […]
Curve Finance Research Reports

Debt-Backed (CDP) StablecoinsThe Looming Opportunity With Decentralized Stablecoins
By
Anil Lulla•
Stablecoins are an integral part of crypto, with a total market capitalization of $124B. Despite the increasing adoption of DeFi, the majority of the stablecoin market is held by centralized stablecoins such as USDT and USDC.

VaultsA Look at Convex's Business Model and a Looming Catalyst
By
Anil Lulla•
Yield farming, or some form of token-based bootstrapping, has become a core component of every project’s go-to-market strategy. Protocols actively think about how best to employ game theory to attract users. At the same time, DeFi summer taught us that incentives and game theory aren’t enough to sustain a project.

AMMFrom 1 to 100: What the Future Holds for DEXs
By
Anil Lulla•
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.

Macro & MarketsDelphi Office Hours Call (December 15th, 2022)
By
Anil Lulla•
Join us as we discuss the recent CPI print, concentration of volume in DEXs and NFTs, daily active users of prominent dApps, the veToken model, and more.

OptionsThe Year Ahead for DeFi
By
Anil Lulla•
In this report, we look to highlight some key opportunities and challenges for DeFi and spell out the reasons we remain optimistic that DeFi will thrive.

Macro & MarketsDelphi Office Hours Call (December 1st, 2022)
By
Anil Lulla•
Join us as we discuss SUAVE from Flashbots, how DeFi trading infrastructure can be improved, Uniswap's NFT plans, RPC alternatives, Frax's staked ETH growth, and more.
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