Borrower Request #1 (Revised Terms)

Hey TrueFi community,

We are , a high-frequency quantitative crypto trading firm, recognizable by our dragonfly logo and our hot takes on Twitter (@mgnr_io). was founded by a team of two in 2019 with the goal of using innovative quantitative research and rigorous engineering to stomp out inefficiencies in the market and provide liquidity for retail and institutions alike. We take a quantitative and empirical approach to the markets, with our decisions grounded in science / data.

Our humble beginnings take us back to simpler times on BitMex, where our first iterations of delta neutral market-making algos were born. Since then, we have expanded to all the major crypto exchanges where we trade a variety of spot and derivatives instruments for the most popular cryptocurrencies 24 / 7 / 365. If you’ve traded on [exchange] in the past, chances are we were your counterparty :slight_smile:

Today, we are a team of 10, bringing trading and engineering expertise from various known entities such as Goldman Sachs and MIT. In addition, at the start of 2021 we partnered with the family office of a large hedge fund, Millennium Management, as their entry to the crypto asset space.

Some quick stats about us to help instill trust in our creditworthiness:

  • 9 figure AUM
  • over $1B trading volume per day
  • consistently profitable in all market regimes since inception
  • have 7-figure lines of credit with multiple exchanges
  • continuously on multiple exchange leaderboards (though always set to private :p)

The revised terms of our first borrower request are as follows:

  • Loan amount: $2MM
  • Term: 60 days
  • Rate: 17%

Primary use-case for the funds will be to expand our delta neutral market-making strategies.

Happy to answer any questions or discuss terms. We’re excited to become an active part of this community!

Feel free to say hi on twitter (@mgnr_io), or reach us via email (

2 Likes Borrow Request
  • Yes - Approve as is
  • Yes - But with changes (comment suggestions)
  • No - Do not add borrower at this time

0 voters

Love your interest in TrueFi, looking forward to including you guys as a TrueFi borrower!

Quickly want to chip in here that is a sound shop and we fully support this request and their desire to stomp out inefficiencies (as long as they leave some for us)!

1 Like