We don't chase headlines. We build infrastructure, identify inefficiencies, and execute systematically.
Deep technical analysis of protocols, market structure, and emerging primitives. We publish when it matters.
Market making, arbitrage, and systematic strategies across DeFi and CEX venues. Risk-managed, position-sized.
Internal tooling and infrastructure for research and execution. Occasionally open-sourced.
Most crypto is noise. We filter it out.
We're not building a brand. We're building a track record. Our work speaks for itself—when it needs to.
Discipline over conviction. Process over outcomes. Long-term edge over short-term alpha.
We don't optimize for appearances. We optimize for edge retention and capital efficiency.
A small collective of researchers, traders, and engineers. Some of us have been here since 2017. Some joined last cycle. We've worked at prop shops, quant funds, and early-stage protocols.
We operate privately because it's more effective. No Twitter threads. No podcasts. No content calendar. Just research, execution, and continuous improvement.
We're not accepting applications. If we need someone, we'll find them.
We occasionally collaborate with aligned researchers, funds, and protocols. If you're working on something interesting, reach out.