A protocol for quant funds to work together without revealing their IP → the world’s first decentralized systematic fund.
Highlights
- A DeFi protocol with potential to systemically affect finance + a high revenue SaaS offering.
- Team includes two PhDs: one with six years’ experience in crypto, the other a Professor at Princeton with 1000+ citations on statistical topics at the core of the AI.
- The ecosystem has been built in a decentralized manner by quant devs with decades of experience at some of the world’s top buy & sell side institutions.
- The OEMS has been already used in $20b+ of trade volume.
- The AI is built on an innovative statistical framework.
- Alpha testers include quant funds with $5b+ summed AUM.
- One cofounder was recently a recipient of an $850k academic grant that helps build a related machine learning library.
- $1.5m SAFE round with proportional claims on tokens, should an airdrop be approved.
Summary
Systematic (algorithmic) funds sit at the apex of the financial system. Last year, for example, Renaissance made more money than Facebook - while employing 0.5% as many people.
Such extreme profitability requires libraries of thousands of well-engineered features. A single feature might take months to build, and a full systematic strategy typically takes years. Historically, the only way to get to such a scale of proprietary information is the long slog of institution-building: massive investments in time, capital and technology.