Thread by @CosmosGuides

1/ @Delphi_Digital is coming to Cosmos. Of course, they’ve been 👀 us since 2018 when they first started researching the ecosystem.

It’s now official, and we’re excited to welcome Delphi to the family.

Let’s take a look at its Cosmos thesis 🧵⬇️

2/ What’s Delphi, you ask? Anon, they’re one of the big 5 research firms in Web3. They’re also product creators, VCs, and a media firm.

Check ‘em out. They’re well-known for calling narratives ahead of time.

delphidigital.io

3/ Delphi’s R&D arm, known as Labs, has approx 50 souls dedicated to building new industry primitives. Since Terra’s collapse, they were faced with a difficult decision - picking a new ecosystem to focus development efforts on.

4/ Their approach? Research ‘em all. Delphi Labs analysed every L1/L2 in the space to better understand their UNSPs, tradeoffs, and thesis. By the end, the answer was clear. Starring up as the night’s sky on a summer night, anyone can see the @cosmos.

members.delphidigital.io/reports/findin…

5/ Delphi Labs’ core interest is #DeFi. They believe a vertically-integrated ecosystem of products that has CEX vibes, yet is on-chain, is the future of #Web3. Cosmos makes this vision possible.

6/ Its research team sees the benefits of specialisation bootstrapped by appchains, with protocols in control of every facet, yet with lower costs, more customisability, and perhaps most importantly, sovereignty.

7/ Delphi believes that dApps don’t have to deploy a single product, but can start full ecosystems - clusters of applications that synergise and improve UX, with opt-in composability.

We’re looking at a mesh network of #appchains, structured in clusters around verticals.

8/ Delphi’s thesis would be invalided if starting from 0 was needed. The Cosmos SDK provides a customisable template for new networks.

While Polkadot has an SDK, there’s a bottleneck - parachains must seek approval. Cosmos appchains have moved out of their moms' basements.

9/ Delphi also considered the #IBC. With interoperability being key to composability in Cosmos, the IBC provides a secure, fast, and easily deployable way of cross-chain comms.

With interchain accs and more developments coming, soon, all shall be part of the #IBCGang.

10/ DeFi products must cross-pollinate. The network effects unlocked enable liquidity flows, innovation, and game-changing UI/UX. Delphi sees this achieved within Cosmos, and enhanced by the limitless dev capabilities of the tech stack, high throughput, and decentralised vectors.

11/ Eventually, Cosmos would serve as the defiant, a paradigm shifting infrastructure that takes what’s left of the centralised industry and moves it on-chain.

https://twitter.com/Delphi_Digital/status/1567920291984064513

12/ As expected, the decision was met with lots of ❤️ by #Cosmonauts far and wide.

@JackZampolin and @zmanian were just a few of the Cosmos leaders who shared their regards.

https://twitter.com/jackzampolin/status/1567923311509929984

https://twitter.com/zmanian/status/1567926101820993536

13/ Now that we’ve outlined Delphi’s thesis on moving its R&D to Cosmos, let’s take a look at their contributions and thoughts pre-decision.

14/ Perhaps their prime example of commitment to Cosmos was the recent podcast with @zmanian, where Delphi prompted him to share his thoughts on why Cosmos resides in a league of its own.

https://twitter.com/Delphi_Digital/status/1559230152235696128

15/ Should you not have 1h22m at your disposal to tune in (though you should, by all means), @delphiintern was quick to cover the main takeaways in the @PodcastDelphi hosted by @Shaughnessy119.

https://twitter.com/delphiintern/status/1559938745683804160

16/ However, Delphi has regularly covered developments in the ecosystem. In April, @CannnGurel shared his thoughts on @CelesiaOrg, the first modular blockchain network which combines both the shared security thesis of Ethereum and Cosmos self-sovereignty.

https://twitter.com/Delphi_Digital/status/1513983049347702786

17/ Delphi has also shared stats on our ecosystem time and time again. Their January report titled ‘Glimpse into the Galaxy’ provided plenty of alpha on $ATOM and emerging appchains.

https://twitter.com/Delphi_Digital/status/1483985644040994816

18/ Back in April, the research firm published a great report on @OsmosisZone, highlighting the fact that it performed gracefully despite the market downturn, seeing a significant increase in TVL and volume, and becoming a top 10 L1 by TVL.

members.delphidigital.io/reports/osmosi…

19/ One of my personal contributions is @ceterispar1bus’ coverage of the IBC, diving deep into its mechanics, thesis, volume, and stats, but also Cosmos-centric developments like Interchain Security (#ICS) and Interchain Accounts (#ICA).

members.delphidigital.io/reports/cosmos…

20/ The first time I heard about Delphi’s Cosmos forays was with @alexgedevani and @l_purplelover77, two chad researchers who wrote one of the best reports on our ecosystem.

To quote them, “Cosmos is built differently”. Well said, sers.

members.delphidigital.io/reports/the-co…

21/ Delphi also contributes code and backs Cosmos-based projects. We’ll do a deep dive next time around covering portfolio companies, but for now, know that @Bitcoin_Sage is a contributor to @mars_protocol. They’ll also be at @CosmoverseHQ.

22/ The well-known @larry0x is naturally curious to find which DeFi primitives aren’t yet available in the #CosmosEcosystem. Fret not - all are coming soon, in an appchain near you. Larry might also be working on a Cosmos news bot as recently teased.

https://twitter.com/larry0x/status/1562600826865999872

23/ Lastly, here’s my favourite IBC analogy ever!

https://twitter.com/larry0x/status/1564748284010401792

24/ Suffice to say, I'm excited to see @Delphi_Digital's upcoming contributions to the Internet of Blockchains, and so should you.

Liked this thread? I cover Cosmos daily, so consider following and interacting with my posts to support my work.

https://twitter.com/CosmosGuides/status/1567142276014415873