Deelabs Debuts First Public Research Report: 'An Asymmetric Bet On Solana'
Prior to this publication, Deelabs had already established its reputation in the blockchain space, having been recognized and referenced by prominent industry figures including Arthur Cheong (Founder & CIO of DeFiance Capital), Andre Cronje (Co-Founder & Architect at Sonic Labs and Founder of Yearn Finance) and Zion Thomas (Ansem).
The report has gained additional traction after being shared by Marinade Finance itself, further validating the firm's analytical approach.
'Our research approach and thesis formulation have been solidified through private research initiatives and analyses that delivered meaningful outcomes,' said a Deelabs spokesperson. 'While continuing our private research efforts, we're now expanding to share select insights with the broader community.'
Deelabs' research arm has previously identified several notable early opportunities, including Virtuals at $100M fully diluted valuation (FDV), Aerodrome at $20M FDV, and Coinbase at a market capitalization of $17.5B—all of which reportedly validated the firm's analytical framework.
The newly released report on Marinade Finance represents what Deelabs considers an asymmetric opportunity within the Solana ecosystem, offering detailed analysis of the protocol's technology, functionality, and market positioning.
The research highlights several key findings:
Despite controlling 14% of Solana's liquid staked tokens through mSOL and an additional 65% (267 million SOL) through its native staking solution, Marinade's low market capitalization and fully diluted valuation reflects a significant undervaluation compared to its competitors such as Jito
* Marinade's non-custodial native staking solution uniquely positions it to capture institutional and government Solana holdings, offering enhanced security without sacrificing yield
* The protocol delivers consistently higher APY (10.12%) compared to cits ompetitors while maintaining superior security and validator distribution
* Strategic moves including joining the Solana Incubator in New York and hiring former Fidelity Digital Assets executive Hadley Stern signal an institutional focus that aligns with growing interest in Solana
The report also examines imminent catalysts including potential Solana ETF approvals, the protocol's existing partnership with Bitwise for European staking products, ongoing governance proposals to enhance token utility, and the strategic positioning within the broader Solana DeFi ecosystem.
As a result of its successful private research initiatives, Deelabs has received significant interest from institutional capital allocators, which has partially motivated the shift toward publishing select research pieces in a more public capacity.
As an end-to-end service provider in the crypto space, Deelabs offers ecosystem development, growth marketing, research, operations support, software development and other services to enterprises, foundations, and DAOs building in the blockchain space.
The firm emphasizes that while its research aims to highlight interesting initiatives and showcase analytical frameworks, all published materials should not be considered financial advice.
About Deelabs: Deelabs is a crypto-native agency that helps large-scale enterprises, foundations, and DAOs scale, grow, and cultivate decentralized, onchain ecosystems. With expertise spanning governance, marketing, research, operations, and development, Deelabs has demonstrated success in increasing on-chain activity, governance participation, and developing effective funding initiatives across various ecosystems.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Los Angeles Times
19 minutes ago
- Los Angeles Times
After Air Canada suspends operations, government forces airline and union into arbitration
TORONTO — Canada's government forced Air Canada and its striking flight attendants back to work and into arbitration Saturday after a work stoppage stranded more than 100,000 travelers around the world during the peak summer travel season. Jobs Minister Patty Hajdu said now is not the time to take risks with the economy, noting the unprecedented tariffs the U.S. has imposed on Canada. The intervention means the 10,000 flight attendants will return to work soon. The government's action came less than 12 hours after workers walked off the job. 'The talks broke down. It is clear that the parties are not any closer to resolving some of the key issues that remain and they will need help with the arbitrator,' Hajdu said. Hajdu said the full resumption of services could take days, noting it is up to the Canada Industrial Relations Board. The shutdown of Canada's largest airline early Saturday is affecting about 130,000 people a day, and some 25,000 Canadians may be stranded. Air Canada operates around 700 flights per day. Hajdu ordered the Canada Industrial Relations Board to extend the term of the existing collective bargaining agreement until a new one is determined by the arbitrator. 'Canadians rely on air travel every day, and its importance cannot be understated,' she said. Wesley Lesosky, president of the Air Canada component of the Canadian Union of Public Employees, or CUPE, complained in a statement that Hajdu waited only a few hours to intervene and said the government has violated the union's constitutional right to strike. 'The Liberal government is rewarding Air Canada's refusal to negotiate fairly by giving them exactly what they wanted,' he said. Union spokesman Hugh Pouliot didn't immediately know when workers would return to work. 'We're on the picket lines until further notice,' he said. The bitter contract fight between the airline and the union representing 10,000 of its flight attendants escalated Friday as CUPE turned down the airline's request to enter into government-directed arbitration, which would eliminate its right to strike and allow a third-party mediator to decide the terms of a new contract. Keelin Pringnitz of Ottawa was returning with her family from a European vacation when they became stranded at London's Heathrow Airport after flights were canceled. She said there was an option for the travelers in line to go to the United States, but they were told there wouldn't be any further assistance once they landed in the U.S. 'It didn't go over well with the line. Nobody really seemed interested. Everybody seemed a little bit amused almost at the suggestion, or exasperated, because it is a bit ridiculous to offer to take stranded passengers to a different country to strand them there,' she said. Montreal resident Alex Laroche, 21, and his girlfriend had been saving since Christmas for their European vacation. Now their $8,000 trip with nonrefundable lodging is in doubt. They had a Saturday night flight to Nice, France, booked. Air Canada Chief Operating Officer Mark Nasr has said it could take up to a week to fully restart operations. Flight attendants walked off the job around 1 p.m. EDT on Saturday. Around the same time, Air Canada said it would begin locking flight attendants out of airports. Ian Lee, associate professor at Carleton University's Sprott School of Business, noted earlier that the government frequently intervenes in transportation strikes. 'They will intervene to bring the strike to an end. Why? Because it has happened 45 times from 1950 until now,' Lee said. 'It is all because of the incredible dependency of Canadians.' Canada is the second-largest country in the world geographically, and flying is often the only viable option. 'We're so huge a country and it's so disruptive when there is a strike of any kind in transportation,' Lee said. The government forced the country's two major railroads into arbitration with their labor union last year during a work stoppage. The union for the rail workers is suing, arguing that the government is removing a union's leverage in negotiations. The Business Council of Canada has urged the government to impose binding arbitration in this case, too. Hajdu said her Liberal government is not anti-union, saying it is clear the two sides are at an impasse. Passengers whose travel is affected will be eligible to request a full refund on the airline's website or mobile app, according to Air Canada. The airline said it would also offer alternative travel options through other Canadian and foreign airlines when possible. But it warned that it could not guarantee immediate rebooking because flights on other airlines are already full 'due to the summer travel peak.' Laroche said he considered booking new flights with a different carrier, but that most of them are nearly full and cost more than double the $3,000 he and his girlfriend paid for their original tickets. Laroche said that he was initially upset over the union's decision to go on strike, but that he had a change of heart after reading about the key issues at the center of the contract negotiations, including the issue of wages. 'Their wage is barely livable,' Laroche said. Air Canada and the CUPE union have been in contract talks for about eight months, but they have yet to reach a tentative deal. Both sides say they remain far apart on the issue of pay and the unpaid work flight attendants do when planes aren't in the air. 'We are heartbroken for our passengers. Nobody wants to see Canadians stranded or anxious about their travel plans, but we cannot work for free,' Natasha Stea, an Air Canada flight attendant and local union president, said before the government intervention was announced. The attendants are about 70% women. Stea said Air Canada pilots, who are mostly men, received a significant raise last year, and she questioned whether flight attendants are getting fair treatment. The airline's latest offer included a 38% increase in total compensation, including benefits and pensions over four years, that it said 'would have made our flight attendants the best compensated in Canada.' But the union countered, saying the proposed 8% raise in the first year didn't go far enough because of inflation. 'We're the national carrier and we have people operating in poverty. Like, that's disgusting, that's very problematic,' Wesley Lesosky, president of the Air Canada component of CUPE, said at a news conference. Gillies and Yamat write for the Associated Press and reported from Toronto and Las Vegas, respectively.
Politico
20 minutes ago
- Politico
Putin got a warm Trump meeting. Europe is afraid Zelenskyy won't.
While publicly Europe and Ukraine have appeared upbeat, privately officials were wary of Putin's red carpet welcome back to the West, where he secured the veneer of global legitimacy without making the kind of gestures toward peace the U.S., Europe and Ukraine have sought. 'Worries have been there all the way this year, and yesterday's meeting did not really help,' a European official said. Trump's position on the war has yo-yoed in recent weeks. While he had for months blamed Ukraine for the conflict, he had been more critical of Putin and Russia in the lead-up to the summit. He even said Putin would face 'severe consequences,' if he did not agree to stop the war after Friday's gathering. But after several hours of meetings with Putin in Alaska, Trump backtracked on a demand for an immediate ceasefire, again said it would be up to Ukraine to end the fighting and advised Kyiv to 'take the deal,' without specifying what Putin had suggested. Trump said after the summit that he negotiated with Putin over land swaps but declined to provide more details. The White House didn't immediately respond to a request for comment. French President Emmanuel Macron and U.K. Prime Minister Keir Starmer on Sunday will lead a teleconference among the 'coalition of the willing' — countries that have indicated they will provide troops and other support to Ukraine at the end of the war, according to a European official. Ahead of the summit, Trump said he supported some American role in providing security guarantees — some form of assurance or support from Washington to deter Russia from attacking again after a peace deal is agreed. Nordic and Baltic leaders welcomed those commitments again after Trump spoke with European officials late Friday. While Trump did much more than usual to consult with Europe in the lead-up to the summit with Putin and after, the frequent contact does not seem to have yielded tangible results. European officials are relieved that Trump did not agree to a deal with Putin but disappointed that the threat of steep secondary tariffs targeting third countries buying Russian oil was tabled. 'They want to try to influence the negotiation process as much as possible, because they know Trump really wants to do it this way, and they don't want to leave the initiative to Putin,' said Giuseppe Spatafora, a former NATO official who is now a research analyst at the EU Institute for Security Studies. 'In general, the Europeans talk much more often to Trump than during the first 100 days, which is good. They have influence. But it's limited.' Zelenskyy's last visit to the Oval Office in February quickly went off the rails when Vice President JD Vance and later Trump both lectured him for not being grateful enough for American support and overplaying what they said was a weak diplomatic position. Zelenskyy's decision to wear a black polo, black pants and boots rather than a suit further soured the atmosphere. But Trump and Zelenskyy have been on better terms in recent meetings, as Kyiv's allies sought to improve the relationship and Trump's frustration with Putin mounted.
Chicago Tribune
2 hours ago
- Chicago Tribune
Air Canada suspends operations as flight attendants go on strike
TORONTO — Air Canada suspended operations as more than 10,000 Air Canada flight attendants went on strike early Saturday after a deadline to reach a deal passed, leaving travelers around the world stranded and scrambling during the peak summer travel season. Canadian Union of Public Employees spokesman Hugh Pouliot confirmed the strike had started after no deal was reached, and the airline said it halted operations. A bitter contract fight between Canada's largest airline and the union representing 10,000 of its flight attendants escalated Friday as the union turned down the airline's request to enter into government-directed arbitration, which would eliminate its right to strike and allow a third-party mediator to decide the terms of a new contract. A complete shutdown will impact about 130,000 people a day, and some 25,000 Canadians may be stranded abroad daily. Air Canada operates around 700 flights per day. Keelin Pringnitz, from Ottawa, was returning with her family from a European vacation when they became stranded at London's Heathrow Airport after flights were canceled. She said there was an option for the travelers in line to go the United States, but they were told there wouldn't be any further assistance once they landed in the U.S. 'It didn't go over well with the line. Nobody really seemed interested, everybody seemed a little bit amused almost at the suggestion, or exasperated, because it is a bit ridiculous to offer to take stranded passengers to a different country to strand them there,' she said. Montreal resident Alex Laroche, 21, and his girlfriend had been saving since Christmas for their European vacation. Now their $8,000 trip with nonrefundable lodging is in doubt. They had a Saturday night flight to Nice, France, booked. Air Canada Chief Operating Officer Mark Nasr has said it could take up to a week to fully restart operations once a tentative deal is reached. Flight attendants walked off the job around 1 a.m. EDT on Saturday. Around the same time, Air Canada said it would begin locking flight attendants out of airports. Federal Jobs Minister Patty Hajdu met with both the airline and union late Friday and urged them to work harder to reach a deal 'once and for all.' 'It is unacceptable that such little progress has been made. Canadians are counting on both parties to put forward their best efforts,' Hajdu said in a statement posted on social media. Ian Lee, associate professor, Carleton University's Sprott School of Business, said he expects the government to intervene within five days if the strike is not settled quickly, noting the government repeatedly does so in transportation strikes. 'They will intervene to bring the strike to an end. Why? Because it has happened 45 times from 1950 until now,' Lee said. 'It is all because of the incredible dependency of Canadians.' Canada is the second-largest country in the world and flying is often the only viable option. 'We're so huge a country and it's so disruptive when there is a strike of any kind in transportation,' Lee said. The government forced the country's two major railroads into arbitration with their labor union last year during a work stoppage. The union for the rail workers is suing, arguing the government is removing a union's leverage in negotiations. The Business Council of Canada has urged the government to impose binding arbitration in this case, too. Passengers whose travel is impacted will be eligible to request a full refund on the airline's website or mobile app, according to Air Canada. The airline said it would also offer alternative travel options through other Canadian and foreign airlines when possible. But it warned that it could not guarantee immediate rebooking because flights on other airlines are already full 'due to the summer travel peak.' Laroche said he considered booking new flights with a different carrier, but he said most of them are nearly full and cost more than double the $3,000 they paid for their original tickets. Laroche said he was initially upset over the union's decision to go on strike, but that he had a change of heart after reading about the key issues at the center of the contract negotiations, including the issue of wages. 'Their wage is barely livable,' Laroche said. Air Canada and the Canadian Union of Public Employees have been in contract talks for about eight months, but they have yet to reach a tentative deal. Both sides say they remain far apart on the issue of pay and the unpaid work flight attendants do when planes aren't in the air. 'We are heartbroken for our passengers. Nobody wants to see Canadians stranded or anxious about their travel plans but we cannot work for free,' said Natasha Stea, a Air Canada flight attendant and local union president. The attendants are about 70% women. Stea said Air Canada pilots, who are male dominated, received a significant raise last year and questioned whether they are getting fair treatment. The airline's latest offer included a 38% increase in total compensation, including benefits and pensions over four years, that it said 'would have made our flight attendants the best compensated in Canada.' But the union pushed back, saying the proposed 8% raise in the first year didn't go far enough because of inflation. 'We're the national carrier and we have people operating in poverty. Like that's disgusting, that's very problematic,' Wesley Lesosky, President of the Air Canada Component of CUPE, said at a news conference.
