Introduction Delphi Labs is excited to unveil its framework for the Cybernetic Organization, or BORG, which we plan to make a hallmark of how we approach our participation in the research, development, governance, incubation and acceleration of crypto/DeFi/web3 protocols. The Cybernetic Organization (CybOrg or ‘BORG’), is a traditional legal entity that…

As discussed in Finding a New Home for Labs, Delphi Labs has been focused on protocol research and development in the Cosmos ecosystem — particularly in the Automated Market Maker (AMM) space. With the deployment of Uniswap late in 2018, AMMs found immediate product-market fit in the young world of…

Delphi Labs’ team of ~50 builders has a core conviction: DeFi will render CeFi obsolete. To get there, the industry must have a full-stack DeFi product experience that looks and feels like CeFi while preserving the benefits of decentralization: non-custodial, transparent, trustless, resilient. Enter Mars: a novel interchain credit protocol…

Introduction As the Cosmoverse expands, so does the number of wallets and app chains in the ecosystem. With no standard for wallet interfaces, integrating specific wallets and app chains into a Dapp’s frontend is time-consuming and laborious. Shuttle package allows you to connect any combination of Cosmos wallets and app chains…

By Jonathan Erlich Introduction In this piece we’ll analyze pre-existing assumptions on price oracles for derivative assets within the context of DeFi lending protocols. Specifically, we’ll discuss why using the underlying asset’s price as the oracle for a derivative asset is generally a bad practice that should be avoided. Given the…

By Jonathan Erlich Introduction In this piece we’ll try to answer a simple question: within the context of DeFi lending protocols, is it preferable to use an arithmetic mean (AM) TWAP or a geometric mean (GM) TWAP as an oracle? To answer this question, we’ll compare these two pricing methodologies in…