Introduction

We are excited to introduce Murphy Labs, a software development company committed to contributing to the growth and development of decentralized finance over the coming decades. Our team of seven French individuals with different perspectives and expertise in design, development, economy, finance, management, and marketing aims to facilitate access to DeFi for more users.

While DeFi had less than $1B in Total Value Locked in the summer of 2020, it grew a lot during the preceding cycle and reached an all-time high of about $170B in Value Locked into the different products of the ecosystem. Now that we are in a bear market, the TVL is at an all-time low of about $50B, and with the recent development of the industry, the future may be surprising for this specific niche and lead to exponential growth in the upcoming cycle. The leading protocols were DEXes, Lending protocols and CDPs, alongside Bridges that are used to move assets across different networks. However some niches haven’t yet found their users despite being key components of any financial industry such as the derivatives, the synthetics and indexes for example.

Our Perspective

We are driven by innovation, and our diverse experiences have led us to work with the most talented and innovative teams. With the feedback we received from investors, other teams, and users from many different communities, we decided to create Murphy Labs during the summer of 2022 to address specific problems in the space. We observed a lack of innovation and long-term, sustainable projects that could push the ecosystem forward. While blockchains and DeFi systems are more efficient by design, the current landscape does not yet allow everyone to access them. Some solutions are short-term and not sustainable, which further highlights the lack of efficiency and innovation, and the need for a new wave of interesting projects to emerge.

Our Vision

At Murphy Labs, we believe in the disruptive nature of DeFi and its potential to impact several industries in the coming years, abstracting physical frontiers and allowing access to financial tools to anyone. Our long-term focus is driven by innovation and the pursuit of a common goal: Provide meaningful products that solve problems and make the most out of the existing projects in the ecosystem, while facilitating their access to different segments of users.

We have set specific objectives to achieve our vision, including the following:

Providing impactful products for the ecosystem

Our team is dedicated to developing products solving problems of the ecosystem. By doing fundamental research about different segments of the industry, we are able to spot pains and needs of different kinds of actors and aim to provide solutions that can meet these effectively. We are long-term focused and will make the most out of the advantages of DeFi such as its composability, efficiency, and its ability to scale in a decentralized environment.

Focusing on security and robust systems

We understand the crucial role of security in the DeFi ecosystem and are committed to building secure systems that can withstand any potential risks. Our team works tirelessly to ensure that our products are safe, reliable, and trustworthy by performing audits and creating a culture of security with threat modelling sessions and frameworks helping us at finding vulnerabilities along the development of our products.

Guiding users through the space

As more users enter the DeFi space, we recognize the need to help them navigate the ecosystem and use different products effectively. Our team aims to provide guidance and support to users to ensure they can make the most out of the available products. We also believe that education is a key piece to the success of DeFi, and we aim to provide educational resources to users to help them understand the benefits and risks of using DeFi products.

Working with the best talents

We believe that working with the best talents in the industry is crucial to achieving our objectives. Our team is committed to hiring and working with experts in different fields to provide the best solutions to the ecosystem's problems. We recognize that the DeFi ecosystem is constantly changing, and we aim to stay ahead of the curve by working with the best talents in the industry.

Our Interests

At Murphy Labs, we are interested in various aspects of the DeFi ecosystem, including the following:

Assets Management

We believe the Asset Management vertical to be one of the most impactful categories of DeFi. It acts as a gate to more interactions with the different products of the ecosystem, including lending, borrowing, swapping, and hedging among many others. While this category has been leading the growth of the previous cycle, some problems remain and need to be solved, such as the bad user experience when managing funds across protocols and chain, and more broadly involving many risks for the users. We believe that DeFi can provide users with more flexibility and transparency in managing their assets, and we focus on developing products that can meet these needs effectively.

Reputation & Privacy

At Murphy Labs, we are interested in exploring the intersection of reputation and privacy in the DeFi ecosystem. While blockchains are transparent by nature, this transparency also has limitations when it comes to reputation and trust. We believe that there is an equilibrium to be found between the transparency offered by DeFi and the privacy of users, which can benefit both the ecosystem and its users by opening up a wider range of possibilities.

In particular, we believe that reputation systems can be an important tool for building trust in a trustless environment, allowing for the creation of sub-collateralized loans and ranking voters based on their previous participation in governance of DAOs. However, we also recognize that many users in the space are not compliant and do not want to be known or spied on when managing their funds. This highlights the need to find a balance between transparency and privacy, and we believe that the different technologies being built in this space make us optimistic about the growth of reputation and privacy solutions in DeFi.

Insurance Markets

The benefits of DeFi insurance markets include lower costs, faster payouts, and more transparency. Smart contracts enable automated payouts based on predefined conditions, reducing the time and cost associated with claims processing. Furthermore, DeFi insurance markets can pool risks and provide coverage for a wider range of events, including those that are currently not covered by traditional insurance companies. As the DeFi ecosystem continues to develop, we expect to see more institutional players entering the space and taking advantage of the benefits that DeFi markets offer.

However, it is important to note that DeFi insurance markets are still in their early stages and face challenges such as liquidity, scalability, and regulatory compliance. Therefore, it is crucial that DeFi insurance projects focus on security and robust design systems, as well as collaborate with other projects in the ecosystem to enhance the interoperability and composability offered by DeFi.

Governance & DAOs

The governance field has the potential to grow tremendously because it can coordinate groups of talented people around the world to work together towards the same objective. The ability to coordinate remotely with people from diverse backgrounds and expertise is a powerful tool that could lead to groundbreaking innovation and creativity. However, to achieve this, it is necessary to have accessible governance frameworks and tools that allow for the easy creation and management of DAOs.

Privacy and reputation are also important factors that need to be considered when it comes to governance and DAOs. Privacy is important because it allows people to contribute to the governance of DAOs without the fear of being judged or discriminated against. Reputation, on the other hand, is crucial because it enables voters to make informed decisions about the people they are voting for. Using reputation as a tool can help ensure that the right people are elected to the right positions, leading to better decision-making and outcomes.

In addition to developing its own products, Murphy Labs will also participate in the governance of different projects and bring them solutions to facilitate their management.

Our current project — Strateg.

Since mid-2022, we have been designing our first product based in the Asset Management category of DeFi. As previously mentioned, this category has a meaningful role, acting as the gate to other products that compose the industry but still lacks components to scale, such as an evolutive framework adapting itself to the fast development pace of the ecosystem. Murphy Labs stands out to develop a useful infrastructure for creating financial strategies, sharing them with investors, and enhancing the composability of DeFi by connecting its users with the most innovative products being developed in the space.

We believe that our asset management product has the potential to disrupt the traditional asset management industry and provide users with more flexibility and transparency in managing their assets, across protocols and chains. We are currently looking for long-term investors that can bring value to our project, as well as supporting our development going forward. If you are interested in knowing more, feel free to reach out to us at: contact@murphylabs.io.

Conclusion

Murphy Labs is a software development company that is excited to introduce itself as a fiercely innovative and forward-thinking organization committed to contributing to the growth and development of decentralized finance. As a team of innovators, we believe that DeFi has the potential to act as the backend and infrastructure for many different sectors, helping them to better run their activities using the efficiency of our ecosystem. We are optimistic about the upcoming development of the ecosystem, and we can't wait to see more and more projects building towards this objective.

Greetings from the Murphy Labs Team — Anything that can happen, will happen.

• Website: https://murphylabs.io/

• Twitter: https://twitter.com/murphy_labs

• Lenster: https://lenster.xyz/u/murphy_labs