Top Results871 results
More Than Just Governance: Unpacking Value Accrual Mechanisms
Nevertheless, the mechanisms for value accrual can differ significantly across various tokens....This mechanism indirectly rewards token holders by sometimes creating buying pressure and deflating the...The mechanics activate when the protocol surplus exceeds $50M....Rollbit (RLB) On August 8, 2023, Rollbit introduced a buyback and burn mechanism for RLB.
27 Min
DeFi
Oct 2023
GMX AUM Grows, Opensea on SOL, Designs for Liquidation Mechanisms
Money Market Liquidations [Excerpt from Apr. 13th Delphi Pro report] What makes for a good liquidation mechanism...Taking these considerations into account, we created a framework to evaluate various liquidation mechanisms...Liquidation mechanisms have largely existed in DeFi as an insignificant feature of money markets.
6 Min
Money Markets
Apr 2022
The Lockdrop and Liquidity Bootstrap Auction: Still a Good Token Launch Mechanism
...both his co-panelists and the audience were unaware of Delphi Digital’s recently used token launch mechanism...Phase 2: The Liquidity Bootstrap Auction (LBA) The LBA is the mechanism that allows the community to...Conclusion The Lockdrop and Liquidity Bootstrap Auction solve several issues that traditional token launch mechanisms...
5 Min
Spot Exchange
Jul 2022
Introducing Lockdrop + LBA: A Novel Token Launch Mechanism
Full PDF Report below, but for convenience we’ve included a 15 minute video where we walk through this mechanism...) At Delphi, we’ve spent a long time analyzing and designing token launch mechanisms....helped two of our most recently incubated projects–Mars and Astroport–think through their token-launch mechanisms...
1 Min
Spot Exchange
Dec 2021
Following the Market's Footprints: Order Flow Explained
Introduction When playing a new game, the first thing people usually do is learn the rules and game mechanics...Sometimes there are very few rules and the mechanics are simple....Other times, the game is more dynamic, accompanied by more complex rules and mechanics....When playing a new game, the first thing people usually do is learn the rules and game mechanics.
28 Min
Financial Market Themes
Feb 2023
The Great Reset: Your 2023 Guide To Web3 Games
...an ever-changing term simply defined as video games with varying levels of embedded blockchain-based mechanics...Over the mid-term, increased sophistication of game mechanics, core loops, and retention systems became...The combination of user-generated content, socialization, gaming mechanics, story telling, brands/IP...
Games
Jan 2023
Attention Is All You Need
Unpack the mechanisms behind the attention economy in our latest report.
33 Min
Financial Market Themes
May 2024
Glass Half Full on OPtimism
...of SBTs sets the foundation for a structure where governance rights are earned and not purchased; a mechanism...This selection process will be iterated over time with dispute mechanisms already being planned....The mechanism was initially set forth by Vitalik who describes the motivation behind it as “it’s easier...
13 Min
null
May 2022
Omar Shakeeb & Oleg Ivanov: Signals from the Secondary Market
...educate the industry as part of a broader research series on secondary markets, exploring their function, mechanics...
1 Min
Macro & Markets
Apr 2025
Transaction Ordering Policies & Value Accrual in L2s: Timeboost, OP PGA, Fastlane, and OEV Network
We will also compare it with other mechanisms like Optimism’s Priority Gas Auction (PGA), FastLane, and...In the sections that follow, we will delve into these transaction ordering mechanisms and assess their...ensures that all transactions intended for the FastLane system go through the PFL nodes and the auction mechanism...
16 Min
Layer 2 / L2
Sep 2024
Modular Lending: The Next Phase of DeFi Money Markets
Liquidation Mechanism Just like other lending protocols, when the Loan-To-Value (LTV) for an account...The liquidation mechanism socializes the losses proportionally among all the lenders in the pool....Morpho pools can also use an Ajna-like pricing mechanism by replacing the Oracle’s entry points at functions...
31 Min
DeFi
Apr 2024
Liquity's Chicken Bonds: Will They Fly?
In response to this issue, Olympus DAO and Tokemak both individually developed mechanisms to accumulate...Yet another solution in the market is “chicken bonds” — a bonding mechanism developed by Liquity Protocol...Let’s illustrate the chicken bond mechanism with Liquity’s example.
11 Min
Structured Products
Nov 2022
Humanity Protocol: The Identity Solution Going after Meta
Functional World: Verification rewards (distributed in $WLD) create speculative token mechanics with...Now that you have a basic understanding of what Humanity is, let’s take a closer look at the mechanisms...As credential verification volume grows and requires more specialized consensus mechanisms, migrating...
31 Min
AI
Jun 2025
A Look At Dispute Resolution Protocols in Optimistic Rollups
And this necessitates dispute resolution mechanisms....question in the EVM but now the newly proposed mechanism will use a multi-round dispute mechanism similar...Optimism also uses a local timer mechanism....Cartesi uses a tournament-style refereed mechanism to manage disputes....This failsafe mechanism would be at risk if Ethereum is being censored.
24 Min
Layer 2 / L2
Jun 2024
Shuffle: Stacking USDC from Casino Profits While Awaiting Rerating
Despite aggressive buyback and burn mechanics – with nearly 60% of RLB’s original supply already retired...The growth in lottery payments since the mechanism launched in October also tells a compelling story....Compared to established DeFi protocols with token value accrual mechanisms, SHFL’s valuation discount...Token mechanics also create exploitable inefficiencies.
19 Min
Betting
Jul 2025
Beyond Money Markets: USD.AI Overview & Allocation Game Analysis
I won’t go overly in-depth about USD.AI’s protocol mechanics in this rundown since Delphi broke it all...
8 Min
DeFi
Sep 2025
Frax Finance
Their design mechanics can vary drastically, ranging from completely uncollateralized to partial collateralization...Our friends over at Mechanism Capital recently published a great post on this topic that touches on the...If the mechanics prove resilient, and there’s appetite from the market, then FRAX should always be redeemable...
13 Min
DeFi
Jan 2021
Prove It: Shared Provers, Proof Aggregation & Prover Marketplaces
As the name suggests, the core mechanism behind the Agg Layer is proof aggregation: rather than every...But actually, the Agg Layer does not work if it does not have a coordination mechanism between chains...There would need to be some mechanism to compensate them for the cost of generating proofs, but still...
31 Min
ZK-Rollups
May 2024
Empty Set Dollar: A Game Theoretical Approach to Elastic Stablecoins
Simply put, a rebase is a mechanism where tokens are printed and issued by the protocol when the price...The coupons themselves are not a stabilizing mechanism, but rather a neat psychological integration that...Introducing debt maturity will make this mechanism much fairer and encourage people to attempt to fix...
9 Min
DeFi
Nov 2020
High off the Halving
7dfd839e-jason-clip-sweep-the-60k-lows.mp4   In our Monthly Market’s Webinar earlier this week, we spoke about the more mechanical...of leverage wipe out leaves the orderbook and market significantly less populated, allowing for more mechanical...BTC swept the $60K lows and immediately began the ‘mechanical’ post liquidation bounce that we have become...
7 Min
Macro & Markets
Apr 2024