DelphiLabs is the protocol research and development department of DelphiDigital, with a team of about 50 people, aiming to incubate "Web3 primitives". The R&D department had previously been working on researching and developing the protocol on Terra, but was forced to study other ecosystems after the crash in May.
DelphiDigital is an independent research and investment firm founded in 2018, providing institutional-grade analysis of the digital currency market and launching a laboratory division in 2021.
In a lengthy report published on Sept. 8, Delphi Digital said its team analyzed a range of different blockchain ecosystems to determine what best suited its requirements, especially as it related to decentralized finance (DeFi), But in the end it was decided to pick the Cosmos ecosystem.
In the 3 months since Terra's debacle, the DelphiLabs team has been trying to figure out what we think is the future of DeFi, what platforms will best drive this, and finally where we should focus our builder efforts
DelphiLabs describes it as "an interoperable blockchain ecosystem" and feels that Cosmos is the best ecosystem dedicated to its research and development. It points to Cosmos` ability to benefit from a growing number of application chains and cross-chain interoperability as major positives.
The enterprise also cited speed, chain liquidity, decentralization, cross-chain interoperability, technology maturity, and code scalability as key factors in its decision to support Cosmos, although the ecosystem is less developed than competitors such as Ethereum. Some lack.
DelphiDigital stated that although Ethereum hosts most DeFi applications, the speed and cost of using the Ethereum base layer are the main shortcomings of the blockchain, resulting in poor customer experience.
Related: Why Interoperability Is Key to Mass Adoption of Blockchain Technology
The report states that generalization allows Ethereum to overcome this problem, but sees interoperability between chains and the disruption or latency challenge as key issues.
Cosmos` overall Top rated.
