Delphi Ventures Portfolio Showcase: May 2021

Portfolio Updates

3IQ (Website | Twitter)

3iQ is Canada’s largest digital asset investment fund manager of bitcoin and Ether with more than C$1.8 billion in assets under management.

3iQ coinShares Bitcoin ETF ($BTCQ) is the fastest bitcoin ETF to reach C$1 billion AUM in just a few weeks (link). 3iQ opens options trading for their Ether ETF (ETHQ). The ETF, launched in April, has already attracted C$245 million in capital. Fred Pye, Chairman & CEO of 3iQ had this to say regarding the launch of ETHQ options: 

“Ethereum’s native digital asset Ether is a key component to the future of decentralized finance. Listed options on ETHQ will provide additional access for investors to gain exposure to Ether. This marks an important milestone in the development of financial infrastructure to support these innovative digital assets.”

Alchemix (Website | Twitter)

Alchemix lets you reimagine the potential of DeFi by providing highly flexible instant loans that repay themselves over time.

Over the past month, Alchemix is proud to have announced that alUSD withstood the recent market shock and maintained its peg. Additionally, the protocol noted it recently wrapped up a successful audit with Certik in preparation for its upcoming Chainlink price feed. Be sure to check out this recent podcast co-founder Scoopy Trooples has been on here, here and here.

Below are a few protocols metrics from May:

• 1.23 billion TVL
• Over 2000 WAU

Alpha Finance Lab (Website | Twitter)

Alpha Finance Lab is an ecosystem of DeFi products that will interoperate to maximize returns while minimizing risks for users. Alpha products focus on capturing unaddressed demand in DeFi in an innovative and user friendly way.

This past month, Alpha Finance has introduced a new initiative called the Alpha Grants Program that allows the core development team to provide grants to Alpha Builders. These are well-organized development teams and individuals that have a proven track record of building in DeFi, that contribute to the Alpha ecosystem.

The protocol team also announced the Alpha Oracle Aggregator that is responsible for the aggregation of both Band Protocol and Chainlink oracle providers. The verified aggregated data allows us to ensure scalability, flexibility and security for the suite of Alpha products.

On May 12, Alpha Finance announced the official relaunch of Alpha Homora V2, and within 20 hours the protocol had over $1 billion in total-value locked (TVL). Alpha Homora V2 has expanded support for more lending assets as users can now deposit SNX, sUSD, DPI, SUSHI, UNI LINK and wBTC on top of the previously offered assets.

Additionally, since the protocol released updated tokenomics, the team has seen over 70 million ALPHA tokens staked, representing approximately 24% of the total circulating supply.

Anchor (Website | Twitter)

Anchor, a savings protocol on the Terra blockchain offers yield powered by block rewards of major Proof-of-Stake blockchains.

Last month, Anchor released the Anchor Earn SDK that allows third parties to seamlessly integrate their 20% yield saving on $UST with end-to-end integration possible in just 7 lines of code. Additionally, the protocol reduced airdrop claim fees down from the original $0.50 to $0.05, as well as the LTV for borrowers was reduced from 50% to 40%, and Anchor is now available on mobile via WalletConnect integration. Also, the team welcomed a new General Manager, Matt Cantieri, who was a former crypto lead at Microsoft’s M12.

Like almost all other crypto projects, May was