Delphi Labs

Delphi Labs is a protocol R&D lab focused on incubating and accelerating new Web3 primitives. Established in 2021 as the research and development arm of Delphi Digital, the organization has evolved into one of the most influential protocol incubators in the cryptocurrency and blockchain ecosystem.

Core Services

Delphi Labs operates across three main divisions:

Protocol R&D: Building cutting-edge blockchain protocols and primitives with world-class technical teams. The organization has successfully developed and launched major DeFi protocols including Mars Protocol (interchain credit protocol for the Cosmos ecosystem) and Astroport (next-generation automated market maker for Terra). Their team of 40+ specialists includes economists, quants, developers, lawyers, and UX experts who work on tokenomics design, smart contract development, and protocol architecture.

Accelerator Program: The dAGI accelerator is an intensive 8-week program supporting founders building decentralized AI components and on-chain market mechanisms. The program provides up to $500,000 in funding for qualifying teams, $200,000 in compute resources, comprehensive mentorship across strategy, product, AI/ML, infrastructure, token design, GTM, positioning, fundraising and marketing, and demo day access to tier-1 venture capitalists. The program accepts 8 teams with no equity taken and no fees, emphasizing collaborative mentorship where the Delphi Labs team acts as an extension of each startup's team.

Consulting & Advisory: Leveraging deep expertise from working with major protocols including Lido, Aave, Compound, Synthetix, Axie Infinity, and Thorchain, Delphi Labs provides bespoke consulting projects for investors, teams, and organizations. Services include due diligence reports guiding founders through critical design choices spanning implementation, privacy measures, infrastructure and go-to-market strategy, token advisory consulting providing expert guidance on digital token creation and optimization, educational workshops, and in-depth analyses.

Key Strengths

Delphi Labs distinguishes itself through its comprehensive approach to protocol development, combining technical expertise with economic modeling, legal frameworks, and user experience design. The team has successfully navigated complex challenges, including rebuilding Mars Protocol after the Terra/UST depeg, demonstrating resilience and technical excellence. Their work on Astroport introduced innovations like the Shared Liquidity Automated Market Maker (SLAMM) model and the "Lockdrop + Liquidity Bootstrap Auction" mechanism for token distribution.

The organization's strategic vision is to accelerate the development of decentralized technologies more effectively than market forces alone would accomplish. They have built a reputation as institutional-grade consultants, having worked with some of the largest and most established protocols in DeFi.

Notable Projects

Mars Protocol: A novel interchain credit protocol facilitating non-custodial borrowing and lending for the Cosmos ecosystem, developed jointly with IDEO CoLab Ventures and Terraform Labs. The protocol offers over-collateralized DeFi lending, borrowing, and leverage through the Red Bank, with plans for leveraged yield farming strategies and cross-collateralized rover credit accounts.

Astroport: Next-generation automated market maker created in collaboration with IDEO CoLab Ventures and Terraform Labs, featuring support for new curves that improve capital efficiency for liquidity providers and reduce trading slippage, including Curve-inspired stableswap invariant.

Delphi Labs has also incubated portfolio companies including Legion, Resolv, MetaLeX, Questflow Labs, and Almanak.

Why Choose Delphi Labs

With experience in consulting, investing in, and building major protocols, Delphi Labs provides opportunities to enable the long-term success of high potential projects. Their team's core conviction is that DeFi will render CeFi obsolete. The organization aspires to be recognized within a decade as "one of the most important organisations in bringing about the future of crypto." Whether through their accelerator program, protocol development services, or strategic consulting, Delphi Labs brings institutional-grade expertise, proven track record with tier-1 protocols, and a comprehensive approach spanning technology, economics, legal, and product domains to every engagement.