Highlighting 9 Projects Incubated or Accelerated by Delphi Labs

Delphi Digital, established in 2018, focuses on providing institutional-grade research for various crypto funds, institutions, and investors. The firm has collaborated with projects such as Lido, Aave, Compound, Synthetix, Axie Infinity, Thorchain, and has invested in projects like Sei, Jito Labs, zkLend, Illuvium, dYdX, among others. Delphi Digital's protocol development division, Delphi Labs, is a team comprising over 40 experts, including economists, quantitative analysts, developers, lawyers, and more. Delphi Labs has previously organized hackathons in collaboration with Osmosis, Injective, and Neutron. In a recent post on the X platform, Delphi Labs provided a summary of projects involved in incubation or acceleration, including the following projects:

Mars Protocol

Mars Protocol offers spot trading, margin trading, leveraged yield farming, and more, all within a unified credit account. Within this account, each position can serve as collateral for hedging, leverage, borrowing, and other purposes, all in a permissionless and non-custodial manner.

Mars v2 currently supports 14 assets for lending, spot, and margin trading. To unlock its full potential, Delphi Labs believes that the protocol must (and will) integrate perpetuals.

Unlike standalone perpetual protocols, Mars Protocol can leverage its Rover credit account, allowing users to cross-collateralize their perpetual positions with margin trades, loans, and borrowings. This will unleash unprecedented capital efficiency in DeFi.

Astroport

Astroport can deploy its AMM contracts on any Cosmos chain that requires liquidity, leveraging its unique hub-and-spoke architecture. This validated model is evident as Astroport is currently the largest AMM deployed on every chain: Neutron, Terra Money, Injective, and Sei Network.

The protocol is expected to roll out some features soon, including:

• A new release voting system inspired by Curve's veCRV (vxASTRO)

• Voting reward markets known as “tributes”

On January 17th, Delphi Labs collaborated with the Astroport Foundation to launch the Asteroid platform and CFT-20 for the Cosmos Hub. Despite being the largest Cosmos blockchain by market cap, Cosmos Hub lacks native support for NFTs or fungible tokens. With the introduction of CFT-20s (a method for deploying, minting, and transferring divisible tokens on Cosmos Hub), Asteroid addresses this gap.

Astroport is facilitating the launch of a token secondary market based on the Asteroid Protocol, with a small trading fee flowing back into the xASTRO staking pool. Additionally, Astroport is exploring the establishment of a cross-chain bridge to enable seamless flow of CFT-20s between the Hub and other Cosmos chains.

Levana Protocol

During extreme market conditions, crowded trades in many perps protocols may lead to bankruptcy or become prohibitively expensive when users need them the most. Levana Protocol is designed to eliminate the risk of liquidity shortages through its “Well-Capitalized Perps Model.”

This approach ensures all open trades remain solvent by locking in liquidity when positions are created. When users trade by locking stablecoins, it means their upside potential is limited. However, when users lock token pairs denominated in cryptocurrencies, their upside potential can extend indefinitely.

Levana has processed over $1.7 billion in transactions across more than 16,000 wallets. The recent LVN airdrop is among the most anticipated airdrops in the Cosmos ecosystem.

Harbour

Harbour provides users with an account for all their fiat and crypto assets, offering everything needed for newcomers to transition from traditional finance to the blockchain world. Users can enjoy instant, fee-free deposits and withdrawals, set up recurring payments, and check their balance at any time.

Even more conveniently, users can connect their custodial wallets and use Harbour's Magic Ramp to almost instantly transfer USD from their bank accounts directly to their wallets.

Harbour is currently undergoing beta testing for selected users and will initially launch in the United Kingdom.

Almanak

Almanak provides a simulation platform designed to assist Web3 projects in testing their protocols before deploying them on the blockchain. Created by individuals from companies such as Google, McKinsey, Uber, EY, and DBS Bank, Almanak uses data (rather than subjective opinions) to help protocols ensure economic security and sustainability while maximizing profitability.

Uncharted

Uncharted is a fully decentralized Perps protocol from day one since its launch. This means that every component in the stack is community-owned and operated—from the frontend to the backend, from governance to tokenomics, from APIs to the treasury. Uncharted's development will be completed without the need for multisigs or secret controls. The current design is under development, and Uncharted will also include:

• A DEX integrated with an oracle

• Full-margin trading accounts and sub-accounts

• One-click trading

• Gas-free transactions

MetaLeX

With regulatory scrutiny posing a survival threat to DAOs, existing legal frameworks expose developers and even governance participants to excessive risks. MetaLex, as a traditional legal entity, leverages autonomous technologies such as smart contracts and artificial intelligence to enhance the governance and activities of entities. By utilizing its comprehensive technological and legal “operating system,” MetaLex is building an out-of-the-box solution that simplifies the processes for DAOs. The protocol is currently undergoing testing.

Resolv Labs

Stablecoins are the Trojan horse of cryptocurrencies. Currently, the vast majority of stablecoins are centralized, exposing them to the risk of scrutiny or confiscation. This goes against the crypto mission of building neutral protocols open to everyone. Resolv is set to launch a truly decentralized stablecoin, utilizing Ethereum-based collateral to offset hedging derivatives and employing a two-tier risk-sharing structure.

Redacted

Token issuance and fundraising can be considered killer use cases for cryptocurrencies. It all began with ICOs. Early ICOs were reasonably priced and immediately established community alliances. However, with increased market attention and capital influx, bad actors entered the scene. Eventually, blurred regulations made compliant public sales practically unfeasible. Currently, token issuance in the market has transformed into a way for venture capital firms to profit from exits.

An internally redacted project aims to change this situation by:

• Establishing globally recognized new standards for initial token issuance.

• Providing everyone with the opportunity to invest in top-quality projects at the same stage as venture capitalists.

• Ensuring projects can fundraise and issue tokens in a compliant manner.

• Standardizing and making projects transparent, including token unlocking, allocation, voting rules, resource usage, etc.

• Integrating early buyers with the DAO of the protocol, similar to Vitalik's vision in his DAICO proposal.

• Adhering to constantly changing regulations.

• Guiding projects on how to conduct optimal fundraising and launches whenever possible.