Reports85 results
DeFi Rundown, Curve Captures the Long Tail, & Stablecoin Growth
Multi-Chain DeFi TVL, ETH DeFi Performance YTD, Meta Pools Push Curve's Liquidity Higher, DeFi Stablecoins Nearing $10 Billion Market Cap...
2 Min
DAO
May 2021
FEI's Genesis Post-Mortem
The majority of retail Genesis participants lost out directly to whales selling the TRIBE air-drop. Watching the pre-swap % over the final hours of the Genesis event, one could probably have seen this...
4 Min
DeFi
Apr 2021
Understanding FEI's Genesis Event
Today marks the beginning of FEI’s Genesis event. Let's dive into FEI's IDO / bootstrapping design....
4 Min
Stablecoins
Apr 2021
Diem: Crypto Friend or Foe?
Diem is essentially building the rails for CBDCs to be used in a wider array of financial and consumer applications....
8 Min
Layer 1 / L1
Mar 2021
Delphi Bi-Weekly Analyst Call (March 5th, 2021)
We recently hosted our bi-weekly live analyst call (03/05) where we discussed our outlook for markets and several recent notes & reports exclusively for our Institutional members....
1 Min
Derivatives
Mar 2021
Stablecoin Growth Propels LUNA Forward
On Feb 7, a Jump Trading proposal to increase on-chain liquidity went live on Terra. Since then, $470m of LUNA has been swapped to mint stables, burning 4.3% of LUNA’s total supply in just a few weeks...
6 Min
Stablecoins
Mar 2021
MakerDAO Growth Has Reignited
After a rough start to 2020, Maker has turned the ship around with the help of its new Peg Stability Module....
7 Min
Debt-Backed (CDP) Stablecoins
Feb 2021
2/17 Analyst Call: BTC, Terra, Cosmos, NXM, NFTs, and Aggregators
Our second Delphi Digital’s Febuary analyst call features a discussion on BTC, Terra, Cosmos, NXM, NFTs and Aggregators....
1 Min
Layer 1 / L1
Feb 2021
February 2021 Analyst Call
Our February Analyst Call in an updated format where we cover Bitcoin, Ethereum, SUSHI, UNI, NBA TopShots, Mirror, Luna, and more!...
2 Min
Asset Management
Feb 2021
Ethereum Ecosystem Analysis
The developments made during the bear market are paying off. Innovation on Ethereum continues at a torrid pace thanks to the composability of lego blocks built in DeFi. In this issue, we dive into var...
1 Min
Layer 1 / L1
Feb 2021
Mirror vs Synthetix? How About Terra
Mirror Finance is a new synthetic asset protocol built on top of the Terra blockchain. While Mirror ($MIR) is attracting much of the attention right now, we’ve pursued a different strategy by investin...
16 Min
DeFi
Feb 2021
Frax Finance
Frax Finance leverages a two-token model to create an algorithmic, partially-collateralized stablecoin. In this report, we analyze the design mechanics and explain the rationale behind our yield farmi...
13 Min
DeFi
Jan 2021
FXS Staking Boost Calculator
This model accompanies the Frax Finance research report. To calculate boosted staking APYs, you can toggle different base yields, collateral ratios and days locked....
1 Min
DeFi
Jan 2021
The Graph: Our Experience Creating a Subgraph for Empty Set Dollar
We decided to take this opportunity to create our first subgraph on The Graph to allow us to get the data we need, and also to make this data more accessible to others in the future. In this daily we’...
7 Min
DeFi
Dec 2020
Analyzing MKR's Underperformance
Despite being the largest DeFi protocol by TVL, Maker's governance token, MKR, has underperformed fellow blue chips by a wide margin YTD. Let's dive into a few reasons why that might have happened....
8 Min
Cash-Backed (Custodian) Stablecoins
Dec 2020
STABLE Act: Impending Regulation or Political Wish List?
Will the new STABLE Act stifle innovation or is it a political wish list with no path forward?...
6 Min
DeFi
Dec 2020
Empty Set Dollar: A Game Theoretical Approach to Elastic Stablecoins
Empty Set Dollar (ESD) is an elastic, algorithmic stablecoin that uses in-built monetary incentives to maintain its peg. The protocol is still experimenting with the overall mechanism design with an a...
9 Min
DeFi
Nov 2020
Empty Set Dollar: A Game Theoretical Approach to Elastic Stablecoins
Empty Set Dollar (ESD) is an elastic, algorithmic stablecoin that uses in-built monetary incentives to maintain its peg. The protocol is still experimenting with the overall mechanism design with an a...
9 Min
Stablecoins
Nov 2020
? Best of Delphi Research (Oct. 2020)
Keeping up with content these days has become increasingly hard, which is why we’re excited to announce our new monthly Delphi Research Recap! From now on, we’ll be releasing a monthly digest highligh...
1 Min
Stablecoins
Nov 2020
? Best of Delphi Research (Oct. 2020)
Keeping up with content these days has become increasingly hard, which is why we’re excited to announce our new monthly Delphi Research Recap! From now on, we’ll be releasing a monthly digest highligh...
1 Min
Stablecoins
Nov 2020