DeFi options have failed to take off. While we can point to the success of dYdX as a blueprint for perpetuals, or GMX for synthetic margin trading, there is no single DeFi options venue that has achie...

Thales is leveraging the power of parimutuel markets to build easy-to-understand derivatives, prediction markets, and sports betting. This report will analyze what makes Thales unique from its predece...

In this report, we look to highlight some key opportunities and challenges for DeFi and spell out the reasons we remain optimistic that DeFi will thrive....

When it comes to crypto options, Deribit reigns supreme. As is the case with all centralized crypto platforms, DeFi teams are trying to build competitors that remove the market’s reliance on centraliz...

Table of Contents The Rise of Zeta Problems With On-Chain Options and Zeta’s Answer The Secret Sauce Demystifying Strategy Accounts […]...

A Different Way To Earn Yields Decentralized Option Vaults (DOVs) are a relatively new product in the world of DeFi. […]...

Earlier this month, we published a deep dive on Vega Protocol, one of the most ambitious attempts to build an […]...

Squeeth & The Crab Strategy Earlier this year, Opyn released a new financial derivative Squeeth (Squared ETH). Pioneered by the […]...

Option Skews Don’t Look Too Hot Implied volatility for near-term options are skewed towards puts, indicating that market participants have […]...

An Unlikely Winner When it rains in crypto, it pours. And while BTC holding up well isn’t a surprise, seeing […]...

With Great Leverage Comes Great Responsibility Earlier today, ETH did what we’ve all been waiting for: it pushed towards its […]...

Bitcoin is leading the crypto market higher, breaking out of a multi-month consolidation as it looks to retest its highest […]...

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Market Update This week started off with positive price action across crypto. BTC broke $50k again, signaling some optimism. However, […]...

In this edition of the Delphi Chartbook, we cover crypto markets, DeFi, L1s & L2s, and important macro data points. […]...

Market Update It’s a relieving sight to see green across the board for crypto today, although it isn’t a very […]...

Market Update Barring a handful of tokens and stablecoins, virtually all of crypto is in the red today. The Sep. […]...

Market Update Today was yet another dicey day for crypto, with a second (and furious) leg down at midnight UTC. […]...

SOL & LUNA stand out. Anchor's integration with Lido helps drive UST demand....

What BTC and ETH market data is telling us....