Hey TrueFi Community,
We are Efficient Frontier, a quantitative trading and market making shop in crypto. We would like to request a loan of $500,000 for 60 days at 8.5%. The purpose of this first loan is to begin building a relationship with the community, as well as to expand our balance sheet.
Efficient Frontier has been trading in crypto for the last 3 and a half years. We spun out of a parent company that has been doing high-frequency trading in traditional markets for over 14 years. Our team is now composed of over 40 people, spread across Tel Aviv, Lisbon, and San Francisco and comes from companies such as Citadel, Final, HSBC, and Intel. Since our inception, we have taken out multiple loans in stable coins and other cryptocurrencies and have never defaulted on any of them.
We currently trade over $150 million dollars a day across spot, futures, and perpetual swaps. Our strategies are largely delta-neutral algorithmic strategies in CeFi, with some growing activity in DeFi. Additionally, we market make for over 40 partners in the space and trade on some of the largest venues, including FTX, Binance, BitFlyer, and OkEx. Our unique edge is our HFT infrastructure and technology, as well as our machine learning research.
We are active on social media (https://twitter.com/efrontier_io) and publish our own newsletter (https://efrontier.substack.com/). Feel free to comment here if you have any questions or would like more information and we will try our best to respond.
We hope this is the first loan among many! Thanks y’all!