Open markets.
Connected capital.
Bringing institutional trading expertise to decentralised finance, one dependable connection at a time.
Built for an onchain world.
We work where market structure meets protocol design. Our DeFi team combines trading, smart contract research and infrastructure engineering to support more useful liquidity across decentralised markets.
A considered edge.
Onchain liquidity
Active participation in decentralised markets, with careful inventory planning and a clear understanding of protocol mechanics.
Protocol collaboration
Practical feedback on liquidity design, economic incentives and market infrastructure from people who use these systems every day.
Cross-market connectivity
Connect onchain and offchain liquidity through purpose-built execution systems and coordinated capital management.
Protocols developing dependable liquidity for their users.
Onchain markets seeking a broader base of active participation.
Builders improving settlement, collateral and execution infrastructure.
A clear path forward.
Understand the protocol
Review market mechanics, user needs, dependencies and the specific constraints on liquidity.
Design the connection
Agree supported routes, inventory arrangements, risk limits and operational responsibilities.
Build and refine
Test the integration, monitor outcomes and adapt as protocol usage and market conditions evolve.
01Which types of protocols do you work with?
We engage with decentralised exchanges, lending protocols, derivatives markets and supporting infrastructure. Each opportunity is reviewed for its technical design, economic model and operational requirements.
02How do you assess protocol risk?
Our analysis considers smart contract dependencies, market design, collateral behaviour and operational controls. We combine technical review with scenario analysis and limit activity according to the risks identified.
03Do you offer technical feedback before launch?
We welcome early conversations with teams solving market infrastructure problems. Where there is a useful fit, our research and engineering teams can discuss design assumptions, liquidity planning and integration considerations.