Top 9 Projects Incubated or Accelerated by Delphi Labs

2024.01.22

Top 9 Projects Incubated or Accelerated by Delphi Labs

Projects involved in incubation or acceleration span sectors such as sustainability, lending, stablecoins, and DAOs.

2024.01.22 - 05:56:45

Navigating Web3 tides with focused insights

Projects involved in incubation or acceleration span sectors such as sustainability, lending, stablecoins, and DAOs.

Author: Delphi Labs

Translation: Felix, PANews

Delphi Digital was founded in 2018, focusing on providing institutional-grade research for crypto funds, institutions, and investors. It has collaborated with projects such as Lido, Aave, Compound, Synthetix, Axie Infinity, and Thorchain, and invested in Sei, Jito Labs, zkLend, Illuvium, dYdX, and others. Delphi Labs, the protocol development division of Delphi Digital, is a team of over 40 experts including economists, quantitative analysts, developers, lawyers, and more. Delphi Labs has partnered with Osmosis, Injective, and Neutron to host hackathons. Recently, Delphi Labs published a summary on X (formerly Twitter) of projects it has incubated or accelerated. The full list is as follows:

Mars Protocol

Mars Protocol offers spot trading, margin trading, leveraged yield farming, and more—all from a single credit account. Within this account, every position can serve as collateral for hedging, leverage, borrowing, and lending, all permissionless and non-custodial.

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

Unlike standalone perpetuals protocols, Mars Protocol can leverage its Rover credit account to allow users to cross-marginalize their perps positions with margin trades, loans, and borrowings—unlocking unprecedented capital efficiency in DeFi.

Astroport

Thanks to its unique hub-and-spoke architecture, Astroport can deploy its AMM contracts on any Cosmos chain that requires liquidity. This is a proven model, as Astroport is already the largest AMM on every chain it has deployed on: Neutron, Terra Money, Injective, and Sei Network.

Some upcoming features of the protocol include:

A new vote-escrow system inspired by Curve’s veCRV (vxASTRO)
A vote-boosting rewards marketplace called “tributes”

On January 17, Delphi Labs and the Astroport Foundation launched Asteroid, an inscription platform, and CFT-20 on Cosmos Hub. Although Cosmos Hub is the highest market-cap blockchain in the Cosmos ecosystem, it lacks native support for NFTs or fungible tokens by design. CFT-20 introduces a method to deploy, mint, and transfer divisible tokens on Cosmos Hub, changing that reality.

Astroport is helping launch a secondary market for Asteroid-based tokens on the Asteroid Protocol, where a small transaction fee flows back into the xASTRO staking pool. Astroport is also exploring building a cross-chain bridge to enable seamless movement of CFT-20 tokens between Cosmos Hub and other Cosmos chains.

Levana Protocol

Congested trading during extreme market conditions can lead to insolvency in many perps protocols—or make them too expensive when users need them most.

Levana Protocol is designed to eliminate this liquidity risk through its “fully funded perps model.”

This approach ensures solvency for all open positions by locking in liquidity at the time a trade is initiated. When users lock stablecoins for trading, their upside is capped. But when they lock crypto-denominated token pairs, their upside can be unlimited.

Levana has processed over $1.7 billion in trading volume across more than 16,000 wallets. Its recent LVN airdrop was one of the most anticipated in the Cosmos ecosystem.

Harbour

Harbour provides a single account for users’ fiat and crypto assets, offering everything new entrants to crypto need to transition from traditional finance into the blockchain world. Enjoy instant, free deposits and withdrawals, set up recurring payments, and check balances anytime.

Users can even connect custodial wallets and use Harbour’s Magic Ramp to move dollars directly from their bank accounts into their wallets almost instantly.

Harbour is currently in beta testing with select users and will first launch in the UK.

Almanak

Almanak offers a simulation platform that helps Web3 projects test their protocols before deploying them on-chain.

Founded by professionals from companies like Google, McKinsey, Uber, EY, and DBS Bank, Almanak uses data—not subjective opinions—to help protocols ensure economic security and sustainability while maximizing profitability.

Uncharted

Uncharted is a Perps protocol that will be 100% decentralized from day one. This means every component of the stack—from frontend to backend, governance to tokenomics, APIs to treasury—is community-owned and operated. Uncharted will complete development without multisig or secret controls. The design is currently in progress. Additional features will include:

DEX with integrated oracles
Cross-margin accounts and sub-accounts
One-click trading
Gas-free trading

MetaLeX

As regulators increase scrutiny, DAOs face existential risks. Existing legal frameworks impose significant liability on developers and even governance participants.

MetaLex functions as a traditional legal entity enhanced by autonomous technologies such as smart contracts and AI to improve governance and operations. By leveraging a full-stack technological and legal “operating system,” MetaLex builds plug-and-play solutions that streamline DAO processes. The protocol is currently being tested.

Resolv Labs

Stablecoins are the Trojan horse of crypto. Most stablecoins today are centralized, exposing them to risks of censorship or seizure—contradicting crypto’s mission of building neutral, open-access protocols.

Resolv will launch a truly decentralized, delta-neutral stablecoin using Ethereum-based collateral to hedge derivative exposures and a two-tiered risk segmentation structure.

Redacted

Token issuance and fundraising are arguably crypto’s killer use case. It all started with ICOs. Early ICOs were fairly priced and quickly built strong community alignment. But as markets grew and capital poured in, bad actors emerged. Eventually, unclear regulations made compliant public sales practically unfeasible. Today, token launches have become primarily a way for VCs to profit and exit.

An internal project operating in stealth mode, Redacted, aims to change this by:

Establishing a globally recognized new standard for initial token offerings.
Giving everyone equal opportunity to invest in top-tier projects at the same stage as VCs.
Ensuring projects can raise funds and issue tokens in a compliant manner.
Standardizing and making transparent key aspects such as token unlocks, allocations, voting rules, and resource usage.
Integrating early buyers into the protocol’s DAO, as envisioned by Vitalik in his DAICO proposal.
Adapting to evolving regulatory requirements.
Guiding projects toward optimal fundraising and launch strategies.