There are trillions of dollars of TAM on the line with financial services – asset management, asset issuance...Today’s financial markets are plagued with structural inefficiencies: high settlement times, fragmentation...The hunger for efficiency, transparency, and global access to financialized assets has never been higher...

MARCH 2026 Stablecoins The Next Frontier in Financial Infrastructure....Authored By Arcana 0xArcana Stablecoins | The Next Frontier in Financial Infrastructure Delphi Digital...This is where our cliché “financial plumbing” metaphor comes to mind....Throughout the report, we examined stablecoins in the context of financial infrastructure.

Introduction: Understanding the Convex Flywheel Through the latter half of 2021, Curve and Convex were...How Convex Creates Value At the time of our last report, Convex’s value accrual was largely realized...Convex’s control over them....the Convex platform....we can estimate Convex’s emissions.

Convex takes 17% of the LP yields as fees....As a result, Convex has grown considerably, with 90% of Curve’s TVL deposited in Convex....As with how Convex controls Curve, whoever controls Convex can significantly influence Curve emissions...Boosting CRV Incentives Through Convex As Convex’s emissions have significantly scaled down, depositors...

Financial Markets Are Always Evolving Markets have continually changed throughout history....Financial markets have always had risks of sudden sell-offs....within financial markets....Martin Wolf said it best in the Financial Times, “Beware the liquidity delusion....reality is financial markets and the real economy have become increasingly interdependent.

Convex Dominated Curve’s TVL Recently, the “Curve Wars” have been a hot topic....To dive deeper, check out our latest Convex report....Convex Has the Most Influence Over Curve’s Liquidity Incentives Convex is now the single largest owner...Now that Convex dominates Curve’s voting power, protocols have focused their bribing efforts on Convex...

Despite Yearn having approximately an 8 month head start, Convex’s veCRV holdings quickly surpassed it...Convex and Yearn hold ~20% and ~9%, respectively, of the total veCRV supply....Convex’s impressive growth can be attributed to its economics....APY organically higher than Convex....The emergence of Convex on the scene has clearly accelerated this development.

Convex Accumulating FXS Since Convex launched its cvxFXS platform, deposits of FXS have grown to over...It has been publicly announced that users depositing FXS into Convex will be eligible for Frax Finance...

Convex Finance is a Curve-focused yield optimization platform that boosts yields for liquidity providers...Specifically, that all CRV deposited into Convex is locked up forever....What does Convex’s value accrual look like?  ...As mentioned previously, Convex is earning ~73% of CRV emissions.

Convex Finance Owns Largest Piece of CRV Pie Convex Finance continues to dominate the Curve wars as...The political power of being a CRV “whale” is extremely valuable, as it allows for Convex to boost Curve...rewards for Convex’s depositors instead of having individual depositors lock up their own CRV to boost...

Chart of The Day: Convex Now Owns 10% of Circulating Frax Frax is the first fractional algorithmic...Convex has been the key leader in acquiring veCRV voting power to boost its users’ Curve yield without...Convex implemented cvxFXS in December 2021 and has accumulated around 10% of FXS’s circulating market...You can check it out on the Frax Convex page!

If the endgame vision of DeFi is creating global financial markets that are open, transparent, and censorship...That’s why you see a convex skew in EV when execution leads, versus the more linear relationship in UI...So while Bulk’s payout profile is more convex, it also carries more uncertainty; my weightings reflect...

Bet​ Delphi Digital | 04 HIP-4 Markets That Are Most Likely To Gain Early Traction​ Crypto-native financial...HIP-4 and vault growth is how Hyperliquid takes its next step towards a financial supercenter.​...23 n ov 23 au g 23 m ay Fe b 23 $0 Delphi Digital | 09 The Right Benchmark Is Short-Dated Convexity...

Chart of The Day: Terra Leads CVX Accumulation Convex is a yield optimization platform that allows...The 4pool will drive up demand for both UST and Frax, and might also end the Curve/Convex wars as smaller...To learn more about Convex, read our Delphi Pro report here. Where’d The Liquidity Go?

Opyn Squeeth (oSQTH) is a new financial primitive that tracks the price of ETH squared....Long Squeeth provides exposure to pure convexity, offering an asymmetric payoff with a higher upside...ecosystem by helping Convex farmers earn up to 50% more with less hassle and less gas fees....still maintaining exposure to the Curve/Convex ecosystem.

...exchange to facilitate trade Build mass-market interfaces for dApps Build the dApps to power an open financial...A Look at Convex’s Business Model and a Looming Catalyst Convex has become a cornerstone protocol in...enables Curve LPs to receive boosted yields in exchange for a portion of the yield earned, turning Convex...

By relying on PFOF, Paradex can align incentives in a way that keeps the platform financially healthy...community-built streaming service, a market place for agents, games, analytic tools, or even entirely new financial...In essence, Paradex rolls the business models of several financial institutions into one.

Chart of The Day: The Great cvxCRV Lockening Convex Finance has experienced a record-breaking period...This massive increase in cvxCRV supply was primarily driven by the recent proposals by Frax and Convex...Having Frax help maintain the cvxCRV peg is a huge advantage to Convex and the Curve ecosystem.

Edwin Lefèvre, a financial journalist, said it with less sermon....Mackay’s own part in this is one of the better ironies in financial history....Decades later he added two factors he thought were little noted: “the extreme brevity of the financial...80 percent of Gen Z respondents drawn to high-risk assets said they were doing it because they feel financially...

It’s unlikely that traditional banks and financial institutions are going to give Wintermute, Folkvang...Zooming in on financial services, what exactly does the UX of traditional finance look like?...At most, the average person probably has 4-5 financial apps they use to get everything done....financial products will prove to be key endeavors over the next decade.