TechFlow news — Delphi Digital disclosed the extent of its various divisions' involvement with Terra in a post on its official blog. According to the article, the Delphi Ventures Master Fund purchased a small amount of LUNA tokens (0.5% of net asset value) on the secondary market in the first quarter of 2021 and only increased exposure once after the initial purchase, resulting in significant unrealized losses. Even at LUNA's peak price this year, LUNA and other Terra-related assets accounted for approximately 13% of Delphi Ventures' net asset value. In terms of deal count, less than 5% of all Delphi Ventures deals were with companies or protocols related to the Terra ecosystem. This includes Delphi Ventures’ participation in the LFG fundraising round in February 2022, where it invested $10 million—funds that are now entirely lost based on the current LUNA price.
Delphi Ventures did not sell any LUNA during the Terra crisis. Additionally, Delphi Research did not publish paid research and only received approximately $20,000 in UST payments via Suberra, which have not been sold. Delphi Labs is primarily funded by internal capital provided by Delphi Labs' individual shareholders.
