To celebrate the launch of our new website + portal we asked each of our research analysts to pick one report they worked on this year, and make it free to the public
0/ Crypto markets cooled off today with one notable exception—Shiba Inu coin—which is up more than 67%.
In today’s Delphi Daily, we analyzed the pullback of top performers, the large leverage wipeout, and the resurgence of meme coins.
For more 🧵👇
1/ The last 24 hrs have been a whirlwind for crypto markets with base layer tokens taking the biggest hit, many of which are down from yesterday’s highs.
ATOM’s two-day performance is still in the green thanks to yesterday’s rally; SOL, AVAX, and NEAR are all down at least 8-12%
2/ Outliers in today’s ugly market comes, surprisingly, in the form of DeFi tokens and SHIB (aka “the DOGE killer”).
1INCH and AAVE price action today was overwhelming and likely catalyzed by the token’s listing on Korean exchange @Upbitglobal.
We explore Curve’s tokenomics design and growth, the broader implications for DeFi, and the recent rise of meme coins.
For a deeper dive 🧵👇
1/ @CurveFinance has facilitated over $100B of volume since launching in Jan. 2020.
CRV’s token economics were heavily criticized because of incredibly small float and rapid emissions, but they’ve since proven their token model works and is one of the most efficient across DeFi
2/ Curve’s liquidity provision and token locking model have led to competition amongst farming products built on top of Curve.
Convex’s model has quickly helped it establish itself as the leader with over 35% of veCRV supply held by Convex.