Best assets, best depth.
Institutional-quality liquidity for decentralized venues. Market structure advisory for the teams running them.
We bring institutional liquidity and market design to decentralized venues. Meet the principles and people behind the work.
Meet the team ↘Institutional-quality liquidity for decentralized venues. Market structure advisory for the teams running them.
Today's on-chain venues are fragmented and the desks serving them are mostly extractive. We are working towards a benevolent oligopoly in markets. Better structure helps everyone honest: the venue, the takers, and the makers.
The principles behind the quote, the research, and the relationship.
We publish the methodology behind our research. Partners see the data we collect on their venues, in full.
Markets work when the incentives align.
Quotes hold under load.
We engage in market design and liquidity bootstrap with protocol founders.
Trading systems, protocol design, growth, and institutional distribution.
Quant, software veteran, long-time DeFi contributor. Previously Bloomberg and D.E. Shaw. Co-founded Warlock, raised $8M at a $60M valuation, then acquired.
First hire at Dolomite, scaled TVL from $1M to $1B. Instrumental in the Arbitrum DeFi ecosystem and one of the principal builders of its institutional liquidity stack.
Former VP at JPM Private Banking and UBS Wealth Strategy. Institutional network access, high-net-worth distribution, and family office relationships.
Previously National Central Bank. Specialist in low-level blockchain architecture, MEV, and both SVM and EVM client work. Architect of institutional algorithmic vaults.
Talk to the team about liquidity and market structure.