Disclosure: Delphi Ventures and employees of Delphi Digital hold YFI yEarn Finance was the hottest DeFi...But as the DeFi sector started to cool down following triple digit percentage gains, yEarn’s ability...There are two fees yEarn charges: a 5% performance fee charged on profits generated by a vault and a...

The Flaws of Infrastructure Finance The accelerating growth of AI brings an insatiable demand for computing...There is a long history of financing capacity failing to keep up with hardware demand and acting as a...capital markets and money markets is evident in top AI infrastructure deals like the $7B Blackstone financing...

Introduction  Level Finance is an oracle-based margin and spot trading decentralized exchange (DEX)...Protocol Design Level Finance employs a levered trading system similar to GMX....Source: Level Finance LPs who take on higher risk are rewarded accordingly, with the MLP yielding an...

This report will focus on credit-financing protocols that integrate RWAs as collateral, as well as study...For clarity, we define RWA credit-financing protocols as those which are in the business of obtaining...financing on-chain by pledging RWA off-chain as collateral....Centrifuge The next-largest RWA credit-financing protocol after Goldfinch is Centrifuge.

Cream Finance suffered multiple hacks as a result of their lax listing requirements....In the spirit of open and decentralized finance, Euler has chosen to hand the decision making to users...

...of these deposits were shifted from the underlying markets to Morpho, but several protocols (Sense Finance..., Spool Finance, and Nested Finance) have announced integrations with Morpho....Some of these protocols, like Spool Finance, have replaced Compound entirely with Morpho-Compound.

📊 Manifold Finance Gains Traction As The Merge Approaches Daily active users on Manifold Finance...Manifold Finance is a middleware protocol that provides access to high-value transaction pools on EVM-compatible...OpenMEV will potentially allow Manifold Finance to become one of the largest block builders, once the...

Despite the prevalence of this problem, most of these vaults failed to find traction – except for Arrakis Finance...Arrakis Finance, previously known as G-UNI by Gelato, has seen its TVL soar to $1.4B today (and $1.8B...

A project that sits close to many Defi users’ hearts, Yearn Finance, has fallen out of favor in 2021....A Resurgence in Yearn TVL  The stagnation of Yearn’s TVL in the prior months was due to minimal attention...paid to v1 strategies and vaults as Yearn Finance built the core infrastructure for v2.

Yearn’s sustainable liquidity incentives derive from Yearn’s ability to capture the marginal risk-adjusted...This makes Yearn’s moat more defensible....Yearn’s decision to optimize for security makes marginal AUM more likely to flow to Yearn....In this Daily, we break down how we see the State of Yearn ($YFI).

Convex Finance Owns Largest Piece of CRV Pie Convex Finance continues to dominate the Curve wars as...yEarn’s Enticing P/E yEarn Finance continues to hold itself as the blue-chip yield aggregator, producing...At its current pace, its 30D average annualized revenue is ~$118M. yEarn has recently called for community...

Frax Finance is a new algorithmic, partially-collateralized stablecoin protocol that launched towards...In finance, risk and reward is always a spectrum....If you’re interested in learning more about Frax Finance, we recommend listening to the recent podcast...Frax Finance leverages a two-token model to create an algorithmic, partially-collateralized stablecoin...

Today, we take a look at Frax Finance’s liquid staking solution while our Research team dives into the...📊 Frax Finance’s Liquid Staking Solution Continues To Grow More on Frax Finance – Frax Finance: Examining...⚡ The Year Ahead for DeFi Undercollateralized money markets like Maple Finance, Clearpool, and TrueFi...

Harvest Finance is a yield aggregator that offers DeFi users the ability to access a wide variety of...deposit funds into a vault for a particular asset and strategy, like a USDC vault that farms CRV on Curve Finance...If this sounds eerily similar to yEarn Finance, that’s because it is. yEarn’s token, YFI, was the poster...

Introduction Frax Finance is a household name for seasoned DeFi users....Yet another product recently introduced to the Frax Finance ecosystem is Frax Ether....Frax Finance is a household name for seasoned DeFi users.

In this follow-up report, we shift our focus to the realm of NFT finance, specifically examining lending...Section 1: NFT Finance & Borrow/Lend Protocols The majority of NFT finance on Solana is presently...NFT finance on Solana is expanding rapidly, as lending protocols like Sharky, Citrus, and FRAKT cater...

Convex and Yearn hold ~20% and ~9%, respectively, of the total veCRV supply....For added context, at the time of writing, CRV APY hovers around 21% on Curve (veCRV), ~87% on Convex Finance...(cvxCRV) and ~42% on Yearn Finance (yveCRV)....Secondly, Yearn actually utilizes CVX for its vault strategies.

In traditional finance, passive shareholders aren’t missing out on much if they don’t exercise their...PowerPool & Yearn Are Already Dating Some may realize that Yearn is actually already in the meta-governance...As the price of CRV continued to fall so did Yearn’s strategy yields....The Yearn community pivoted as this was obviously not sustainable.

Remember the madness triggered by Yam Finance?...Degenerative Finance has been launched by Yam Finance in tandem with UMA to develop a number of DeFi...An alternative option is uGas, the first product of the Degenerative Finance arm, uGas....), and 10% YAM Finance treasury.

Mining, Bridge Farms, NFT Yield and Retroactive Airdrops [Excerpt from a Delphi Insights report] Vesta Finance...