We are a proprietary firm with a core focus on quantitative strategies. Our globally-diverse team leverages cutting-edge developments in math and technology to deliver superior risk-adjusted returns.

We are also active investors and contributors in early-stage protocols and companies, supporting them with our research and engineering knowledge to help build the next generation of open finance.

WRITING

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Research

Investing in RedStone

July 29, 2024
Introduction With capital continuing to flood into blockchain ecosystems, the role of reliable and decentralized…
Research

A Whirlwind Tour of Chain Abstraction

July 5, 2024
Introduction Against the backdrop of Ethereum’s rollup-centric roadmap, the number of blockchains is exploding, with…
Research

Thanefield’s Interoperability Thesis

May 10, 2024
Introduction There are more chains now than there were a year ago, and it's a…
Research

Assessing Bitcoin’s Halving Impact on Flows

April 17, 2024
Historically, halving cycles have profoundly incited price speculation, spawning predictions that span the entire bull-to-bear…
Research

The Emerging Bitcoin L2 Landscape

March 15, 2024
Introduction The Lightning network, a protocol based on bidirectional payment channels, has been seen as…
Research

Gnosis DAO Update

March 11, 2024
This is an update on our thesis on Gnosis DAO (GNO) following several significant developments…

PORTFOLIO

We use insights to derived from our research and engineering activities to support projects from an early stage. Our quantitative approach to problem gives our portfolio companies a strategic advantage.

PORTFOLIO

We use insights derived from our research and engineering activities to support projects from an early stage. Our quantitative approach to problems gives our portfolio companies a strategic advantage.

OUR TEAM