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Aave on AVAX, Delta One Farming, & veToken Alternatives
Yield Insights] Delta One Farm Delta One aims to democratize sustainable yield to the next wave of...Delta also offers a stablecoin and wrapped asset suite....Delta encourages users to withdraw their initial investments + yield in terms of these Delta stables...
8 Min
Money Markets
Apr 2022
Delta-Neutral AXS Farming, LUNA Burns, Yield Generating NFTs
The trade is delta-neutral — meaning there’s no price risk —  and captures the difference....If many traders take the delta-neutral opportunity, it could cause funding rates to go further negative...
4 Min
Infrastructure
Oct 2021
The Rise of Ethena: Unpacking The Emerging Synthetic Dollar
Moreover, by democratizing access to the delta-neutral basis trade and allowing it to seamlessly compose...Positive Delta (stETH) + Negative Delta (Short ETH-PERP) = Delta-Neutral (USDe) Consequently, if the...USDe’s delta-neutrality means that only $1 of collateral is needed to mint 1 USDe.
40 Min
DeFi
Apr 2024
The Revival of MakerDAO: Unpacking The MKR Thesis
The delta between what Maker generates from its assets and pays out on its liabilities is essentially...To sum things up, Maker’s core business ultimately boils down to the delta between the yield generated...income: Increasing the supply of DAI Increasing the relative share of unstaked DAI Increasing the delta...
18 Min
DeFi
May 2024
Following the Market's Footprints: Order Flow Explained
Delta-driven bars are constructed based on a user-set minimum delta transacted before a new bar is created...Blue represents positive delta (buying pressure) and red represents negative delta (selling pressure)...Type 2: Delta Footprint Profile – The delta footprint displays a single number as opposed to the bid/...
28 Min
Financial Market Themes
Feb 2023
Crypto Options: An aging dinosaur or overlooked behemoth?
Firstly, institutions take long-term positions using multi-leg spreads and delta-neutral strategies in...European options having fixed expiries, Market Maker vaults accepting USDC deposits, and automatic delta...cross-margin support allows a single collateral pool to back positions across assets and products, while the delta...
36 Min
Macro & Markets
Nov 2025
The DeSocial Protocols
The Delta Hubs Unlike Nostr relays, which run in isolation with each one having its local view of the...Deltas create links between user accounts and form their social graphs....The protocol takes a very opinionated approach to address this issue; hubs prune any deltas older than...The thesis here is that the most important deltas are the most recent ones.
25 Min
Social Media
Apr 2023
DYDX Valuation Analysis & DEX Perps Comparison
These include delta-neutral/minimized vaults, levered GLP positions, and other yield aggregation vaults...GM pools only have 1 long asset within the LP to hedge to have minimal delta exposure....However, the stablecoin-only pools may compete with any delta-neutral stablecoin vault.
40 Min
Derivatives
Jul 2023
Lyra: A Next Generation Options AMM
Delta Reliance: Delta (Δ) refers to the sensitivity of an option price to a change in the price of the...Delta Hedging: Perhaps the biggest improvement Avalon has to offer is delta hedging of the MMVs; providing...After successfully demoing delta hedging for the sLINK and sSOL MMVs at the end of v1, delta hedging...
23 Min
Options
Sep 2022
The Year Ahead for DeFi
Theme #5: Improving the State of Passive LP Products and Emphasizing Delta Neutrality Uniswap v3 and...Lyra Finance’s Avalon update brought the first delta-hedged AMM to DeFi....Delta hedging is extremely difficult to implement, but more delta-neutral AMMs and sustainable yield...One overlooked aspect of its potential is facilitator #3: delta-neutral positions.
54 Min
Options
Dec 2022
The Inner Workings of DeFi Option Vaults (DOVs)
In reality, DOVs are looking at the delta for options in every expiry and then algorithmically choosing...DOVs tend to target selling options with a delta of 0.1-0.2 (or -0.1 to -0.2 for puts)....However, delta targeting differs across different DOV products.
15 Min
Vaults
Jul 2022
Navigating the Wake of Choppy Selloffs
Nailing It Down With Delta Going one step further to nail down an entry, we can look at the above chart...Below you will find a 5minute BTCUSDT footprint chart in the form of delta profiles....Delta profiles simply refer to the difference between finalized executions at the bid and ask.
14 Min
Macro & Markets
May 2022
The Looming Opportunity With Decentralized Stablecoins
Ethena’s stablecoin is backed by a delta-neutral position comprising long-staked ETH with short ETH perpetuals...While delta-neutral strategies have been explored in the past, Ethena’s unique approach leverages the...Moreover, the delta-neutral underpinning ensures the model’s scalability and capital efficiency without...
30 Min
Stablecoins
Aug 2023
Monthly Chartbook - Another Year, Another Rally
Rage Trade and GMD have delta-neutral GLP vaults that allow users to get exposure to GLP yield but not...the delta-risk associated with the pool of crypto assets in GLP.
15 Min
Macro & Markets
Feb 2023
Sudoswap: Where DeFi Innovation Meets NFT Markets
With the delta set at 5%, the price of NFTs changes every time it’s traded by the delta percentage....With a 2.69% swap fee and 1.69% delta parameters, Based Ghouls earned 3 ETH from over 200 trades, all...
11 Min
NFT Marketplace
Sep 2022
Market Musings - Strong Summer Start Turns Sour
BTCPERP) to create a delta-neutral position.
12 Min
Macro & Markets
Jun 2024
Tracer (Mycelium) Brings Perpetual Pools to Arbitrum
DeFi-composable yield strategies that have evolved from Tracer’s leverage tokens are skew farming and stake-able, delta-neutral...Delta Neutral Balancer Pool Positions More complex strategies, which currently have to be manually executed...This forms a delta neutral position – provided the skew is 1 (i.e. the perpetual pool is perfectly balanced...
12 Min
Perpetual Futures
Mar 2022
The Evolution of Digital Asset Secondary Markets - 2025
The most notable year-over-year delta is in the growth in equity/token mixed rounds, rising from 3-6%...
14 Min
Financial Market Themes
Aug 2025
Contango: A Forward-looking Approach to Leverage
...to unwind these positions in a timely manner, whether due to a stressed peg or calibrating portfolio delta...
13 Min
DeFi
Jun 2024
Scaling Real World Assets on Avalanche
...reUSD serves as a low-volatility vault that generates yield from T-bills and delta-neutral ETH basis...
16 Min
Infrastructure
Oct 2025