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Flash Update: Terra Reflections & Learnings
Jose Macedo, Head of Delphi Labs, provides a flash update on the recent Delphi report addressing Terra... Jose Macedo, Head of Delphi Labs, provides a flash update on the recent Delphi report addressing Terra...
1 Min
Macro & Markets
May 2022
Flash Update: Macro, Crypto, & Terra
Topics Market Update – Macro, S&P500 & Bitcoin Terra Update – LUNA/UST/ANCHOR Market Update...With the reasonable assumption that UST leaving Anchor is entirely exiting the Terra ecosystem this is...Topics Market Update – Macro, S&P500 & Bitcoin Terra Update – LUNA/UST/ANCHOR Market Update Souring...
7 Min
Stablecoins
May 2022
Mapping The Moon: An Overview of Terra's Ecosystem
USD Terra, or UST, is an algorithmic stablecoin pegged to the dollar, and native to the Terra blockchain...Terra: Building Around a Decentralized Stablecoin While Terra may be a Proof of Stake L1, the utility...up the bulk of Terra’s TVL....Catalysts: New Primitives Coming to Terra Terra has dozens of projects set to launch over the next year...
23 Min
Stablecoins
Dec 2021
Terra Accumulates CVX, Liquidity Running Dry, Intro to Zeta Markets
Chart of The Day: Terra Leads CVX Accumulation Convex is a yield optimization platform that allows...Terra has been a huge accumulator of CVX, growing to be the largest CVX held by a DAO in 4 months....This comes as Terra has been using the 250M UST from the community fund to farm and stack CVX and CRV...
6 Min
AMM
Apr 2022
Multi-Chain DeFi, Terra's Scare, and DAI's Resilience
Money continues to flow into DeFi across various chains, and a scary week for the Terra ecosystem has...Key Takeaways Terra suffered a scare as the network’s native stablecoin, UST, de-pegged from the dollar...Multi-chain DeFi is growing, Terra's scare with UST has a silver lining, and Maker DAO's PSM hits $1...
3 Min
DAO
May 2021
Terra's TVL Growth, Lido's LUNA Benefits, DEX Valuations
Terra’s TVL Overtakes Solana and Avalanche Total Value Locked on Terra Network overtook Avalanche and...In Terra’s case, DEX base pairs usually utilize UST instead of LUNA, therefore this growth in TVL is...across mid-November was due to this proposal to mint UST with LUNA in the community pool to grow the Terra...
4 Min
Staking
Dec 2021
Mirror vs Synthetix? How About Terra
Because Terraswap is deployed on Terra, trading on it is subject to the network’s “tax” when one of its...He launched it to help bootstrap Terra....On Terra, these APYs average ~300% while on Ethereum APYs are ~500%....Chai was the first app to be built on top of Terra....allow anyone to build on top of Terra.
16 Min
DeFi
Feb 2021
Mixed Trading Signals For BTC, Terra and Ethereum DeFi Undervalued, Ether Supply In Smart Contracts
It is important to note that LUNA is also used as a reserve asset to back Terra’s arsenal of stablecoins...Mixed Trading Signals For BTC, Terra and Ethereum DeFi Undervalued, Ether Supply In Smart Contracts...
3 Min
Infrastructure
Jun 2021
2/17 Analyst Call: BTC, Terra, Cosmos, NXM, NFTs, and Aggregators
Funds & Futures with Kevin Kelly 6:27 – Inflation Expectations with Kevin Kelly 8:55 – Mirror & Terra...Our Head of Research Medio Demarco walks through his recent research on Mirror, Terra, Cosmos IBC and...Our second Delphi Digital’s Febuary analyst call features a discussion on BTC, Terra, Cosmos, NXM, NFTs...
1 Min
Layer 1 / L1
Feb 2021
Finding a Home for Labs
Previously, the team was focused on researching & developing protocols on Terra....In the wake of the Terra collapse, Delphi Labs was faced with a big decision regarding where to focus...With Terra’s collapse demonstrating the potential downsides of building on the wrong platform, we wanted...
48 Min
Inside Delphi
Sep 2022
Anchor Deposits Cross $10B, L2 Stagnation, Ethereum Deployments Slow
Terra and Avalanche Adoption Boost Token Prices Adoption of Terra and Avalanche has grown significantly...the number of addresses interacting with Avalanche increased by roughly 22x, while addresses using Terra...Further catalyzing this was the integration of Terra’s stablecoin, UST, into Abracadabra.
3 Min
Infrastructure
Dec 2021
Crypto Hell Week
Macro & Terra Unwind Exacerbate Pressure on Crypto Market Weeks like this feel like an eternity in...The massive unwind of Terra’s UST peg, and the collapse of LUNA’s value, has exacerbated bearish sentiment...Macro & Terra Unwind Exacerbate Pressure on Crypto Market Weeks like this feel like an eternity in...
9 Min
Macro & Markets
May 2022
Learnings From Last Week
Last week, Terra’s $UST fell prey to an algorithmic stablecoin death spiral, wiping out nearly $40B in...Delphi Research first covered Terra in February 2021....Since then, we’ve released six reports focused on Terra....(the other AMM on Terra) going down, became the only avenue for people to exit their positions on Terra...
11 Min
Inside Delphi
May 2022
The Power of Algo Pools: Astroport's Passive Liquidity Solution
Introduction Astroport is a decentralized exchange (DEX), initially created to capitalize on Terra’s...The subsequent downturn of Terra and UST had a profound impact on Astroport....Furthermore, Terra enabled the fee-sharing module, which is distributed towards the xASTRO staking pool...Terra: Secured 22.4M ASTRO.
18 Min
DeFi
Jul 2024
Market Musings - The Bulls Strike Back
Solution (Delphi Labs) Astroport is a decentralized exchange (DEX), initially created to capitalize on Terra...The subsequent downturn of Terra and UST had a profound impact on Astroport....Astroport has been deployed on Terra2, Sei, Neutron, Injective, and Osmosis and is a leading DEX in the...
9 Min
Macro & Markets
Jul 2024
Experimental new “Asteroid” inscriptions protocol brings tokens and NFTs to Cosmos Hub
Astroport, the leading AMM on every Cosmos chain where it’s currently deployed (Neutron, Injective, Sei and Terra...With each trade, that small fee will be IBC’d to Terra, swapped for $ASTRO and deposited into the $xASTRO...
12 Min
Other
Jan 2024
Anchoring The Market To A New Reference Rate
In this note, we’ll cover the upcoming launch of Anchor and what it means for the Terra ecosystem....While Anchor is an interesting protocol in and of itself, we argue its second-order effects on the Terra...Money Markets Tailored for Savings Anchor is a new savings protocol built on top of Terra....In this piece we explore Anchor, Terra's new savings protocol.
10 Min
Layer 1 / L1
Mar 2021
DeFiant In The Face of Volatility
...across other blockchains, severely affecting Kava, Lido, and other protocols which had exposure to Terra...DEXs where Terra-centric assets dominated were also hit more than others....On Terra, at one point it became no longer profitable to continue to arb UST. ...bridges were severely congested and temporarily suspended as traders scrambled to bridge UST out of Terra...
6 Min
AMM
May 2022
NFTs Bleed, USDD Tries for a Gauge, Sovereign Communities With a Hacktivist
The 4pool contains USDC/USDT/UST/FRAX and is the culmination of an alliance between Frax Finance and Terra...There is speculation that as Terra and Frax control large allocations of CVX this pool may become the...As pointed out by 0xGecko, Terra and Frax control a large portion of CVX and may be blocking this vote...
5 Min
NFTs
May 2022
Valuing Layer 1s - Memes, Money, or More?
Terra is special....This revenue is incredibly small for Terra....Terra takes a cut whenever you use the Terra Station market swap function between Terra stablecoins or...(Terra Station also integrates Astroport and Terraswap where these fees don’t apply, but you’re using...
30 Min
Proof-of-Stake
Apr 2022