Neutral Trade
Hong Kong
Description
Neutral Trade is the on-chain multi-strategy hedge fund, built by experienced quants and traders from Goldman Sachs, Barclays and a Top 3 Global Hedge Fund, along with experienced web3 developers. We tokenize cutting-edge trading strategies for investors seeking stable, risk-adjusted returns through delta-neutral trading strategies. Our first product, the JLP Delta Neutral Vault, operates on Drift’s perpetual markets, utilizing advanced quantitative methods to ensure zero exposure to market fluctuations while maximizing profitability. We aim to tokenize hedge fund strategies that are usually only offered to professional investors and high net worth individuals, bringing it accessible to all. We aim to bring in off-exchange settlement solution such that we could tap into CeFi trading strategies if we get funding for our submission. Building on-chain on Solana makes the most sense seeing a vibrant DeFi community and builders support. We strive to be the web3 Millennium where we help professional traders find the market for their trading strategies, while providing the transparency, accessibility, and non-custodial options to the everyday user.
Team Details
Additional Information
Team Background: - Ex-Crypto exchange operator, CFA and CPA, ex-Barclays and Deloitte - Ex-Goldmans Sachs Quant Developer and Hedge Fund Trader (Index Rebalance Team) - 2 Senior Web3 Developer building Dapps since 2020 Why are we building this product: - As traders, we have built a Crypto hedge fund but realized the friction is huge - you need to set up a proper legal structure, documentations, paying fees to third parties like auditors, legal counsel, prime brokers, custodian and fund admin. Moreever, you'll need to spend a lot of time doing roadshows and fundraising, and couldn't do what you do best - trading. Also, it takes a couple of months to go through all the KYC process for CEX for business / corporate accounts. - We realized blockchain offers a path to build an on-chain hedge fund, offering transparent track record, global accessibility, and non-custodial options for the end user. It totally removes traditional barriers through smart contract. - More info is in our docs. Target Audience: - Professional Crypto Quant Traders who’s looking for capital to trade - Retail who want their money to be managed by professional traders without paying hefty fees Long Term Vision: - Onchain multi-strategy hedge fund, utilizing liquidity from both CEX and DEX, while offering on-chain transparency. - Strategy-backed leverage, allowing under collateralized lending since the collateral is a tokenized high sharpe strategy - Community owned hedge fund with a basket of competitive hedge fund strategies for the end users to choose from, offering the best infrastructure, datasets and tooling for quant traders to trade
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