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Liquity's Chicken Bonds: Will They Fly?
Yet another solution in the market is “chicken bonds” — a bonding mechanism developed by Liquity Protocol...What Are Chicken Bonds and How Do They Work?...Chicken bonds are a bonding mechanism that can be applied to yield-bearing tokens to bootstrap protocol-earned...liquidity while boosting yields for bonders.
11 Min
Structured Products
Nov 2022
The Great Bond Migration
“Nominal bond yields are just off the lowest ever made a couple of weeks ago....wealth funds, and savings accounts cannot meet their financial needs with these investments so holding bonds...Bonds have been a staple portfolio investment for as long as modern portfolio theory has been popular...Treasuries), and corporate bond prices.
8 Min
Macro & Markets
Mar 2021
Bonding Curve & Governance Model for DXdao v1.0
Bonding Curve & Governance Model for DXdao – Delphi v1.0 In our new report, we made three proposals...This model contains the formulas for the new governance methodology and bonding curve shape that we proposed...calculating voting power based on three main factors: DXD staked, REP balance, and Future Days Staked. 2.Bonding...
1 Min
DAO
Sep 2020
Nexus Mutual Bonding Curve Model v1.1
Version History: Version 1.1: Corrected Supply, Updated Historical Data Nexus-Mutual-Bonding-Curve-Model-v1.1...
1 Min
Insurers
Aug 2020
Nexus Mutual Bonding Curve Model v1.0
Nexus Mutual Bonding Curve Model v1.0 – Delphi Digital...
1 Min
Insurers
Jul 2020
Ethena Thesis — The Internet Bond
Ethena’s native token $ENA goes live today. Ethena is one of our highest conviction bets this cycle both at Delphi Ventures and personally, I believe: sUSDe will offer the highest dollar yield in cry...
14 Min
Stablecoins
Apr 2024
Bond Market Calling Fed's Bluff
But we’ve been watching this trend closely as the bond market seems to be calling the Fed’s bluff.
1 Min
Macro & Markets
Apr 2023
MicroStrategy’s Bitcoin Blueprint
Similarly, MicroStrategy’s convertible debt offerings provide bond investors with a way to get exposure...buying and holding BTC rather than investing in a convertible note that offers indirect exposure, but bond...This convertible debt strategy is also an attractive asymmetric bet for bond investors; they gain exposure...
5 Min
Macro & Markets
Feb 2021
MicroStrategy’s Bitcoin Blueprint
Similarly, MicroStrategy’s convertible debt offerings provide bond investors with a way to get exposure...buying and holding BTC rather than investing in a convertible note that offers indirect exposure, but bond...This convertible debt strategy is also an attractive asymmetric bet for bond investors; they gain exposure...
5 Min
Derivatives
Feb 2021
Three Proposals for DXdao
Bonding Curve – We propose a new bonding curve shape, allowing DXdao to continue fundraising while also...In this follow-up, our team presents three proposals focused on governance, DXD’s bonding curve, and...
2 Min
DAO
Sep 2020
A Look At Dispute Resolution Protocols in Optimistic Rollups
A higher ratio increases security but also bond sizes....Optimism’s FDGs’s bond requirements are also similar as the size of the bond depends on the depth of...Fuel currently has not published the exact bond size numbers....If an assertion is confirmed, the bonds are returned automatically....A “DelayedWETH” contract holds bonds for each game.
24 Min
Layer 2 / L2
Jun 2024
April Showers… May Flowers? - Macro & Markets May 2025
Add in rising bond yields, persistent inflation expectations, the Fed’s steadfast policy stance, and...This trend is already putting strain onto global bond markets....Weak bond auctions and growing stress in the market for longer duration bonds is starting to force policymakers...
25 Min
Macro & Markets
Jun 2025
Governance Digest
Frax Finance [FIP-22] has also recently voted to implement a bond program under the aegis of Olympus...However, unlike Shapeshift, Frax Finance will pay need to pay a 3.3% fee to OlympusDAO for their bond...I am interested to see which protocol conducts a more successful bond issuance, Frax with OlympusDAO...
5 Min
DAO
Oct 2021
The Resurrection of the "Everything Rally"
As a result, long-dated bond prices (measured by the iShares 20+ Year Treasury Bond ETF) are threatening...to breakout to new highs if yields fall further. iShares 20+ Year Treasury Bond ETF (TLT) vs....For example, this week’s ISM Manufacturing New Orders came in well above consensus, but bonds showed...
7 Min
DeFi
Aug 2020
Delphi Office Hours Call (September 29th, 2022)
bonds were dropping dramatically....Like as we’ve seen, we’ve seen Bank of England bonds, German bonds, we’ve seen our bonds, we’ve seen...all these bonds sell off dramatically....But what they do with these bonds is since they’re generally very good collateral, they use these bonds...
47 Min
Macro & Markets
Sep 2022
GBTC And ETHE Trade at Record Discount to NAVs
Salvador gets one step closer to the construction of its Bitcoin City as a new bill to launch “Bitcoin bonds...⚡ Liquity’s Chicken Bonds: Will They Fly?...Chicken bonds are a bonding mechanism that can be applied to yield-bearing tokens to bootstrap protocol-earned...Let’s illustrate the chicken bond mechanism with Liquity’s example.
5 Min
Asset Management
Nov 2022
Beware the Ides of March
...investing in bitcoin (and crypto) is still largely separate from traditional markets like equities or bonds...weakness may cause some traditional investors to hesitate on their entry, expecting BTC to follow suit if bond...Notably, last week’s bond market debacle saw yields on 10-year Treasury notes breach 1.6%, their highest...
5 Min
Spot Exchange
Mar 2021
DAO Banking: Beyond Tokens
...on a bond)....A convertible bond is a well known structure. They combine a zero coupon bond and a call option....The second portion of the bond is the convert, giving lenders the ability to convert their bond to 1.111...The bond earns them a 7% yield and the convert lets them trade their bond for 1.111 RBN tokens, which...
24 Min
DAO
Jun 2022
The Emergence of Principal-Protected Yield in DeFi
Crypto yields are now struggling to compete with government bonds.
10 Min
Structured Products
Oct 2022
The Resurrection of THORChain
The pool growth is then accompanied by bond growth....assets, pool value can exceed bonded value, even though deposits to pools are paused....When pools outgrow bonds, the pendulum directs rewards to bonders which incentivizes them to bond in...Thus, bond growth via incentives is always a slower process than making pools grow.
15 Min
Bridges
Apr 2022