[REVISED] Wavebridge Borrow Request

Borrower Requests
1

Dear TrueFi community,

Wavebridge is a Korean based FinTech company focused on providing one-stop trading solutions for users who are interested in algorithmic trading within the cryptocurrency markets. Our solutions derive from our quantitative trading experience within the broader markets which have helped us understand the needs of our customers.

Wavebridge was founded in 2018 with a team of experienced quants who had previously actively traded within the financial markets. As the team grew its trading book, the firm shifted its focus to providing trading solutions due to the lack of resources in the young cryptocurrency market. The current team’s previous firms include, Mirae Asset, Korea Investment Securities, KB Securities, Deutche Bank, Citibank amongst others. Currently the firm employs over 40 people where half of the employees are quants.

Within the markets, Wavebridge is one of the leaders in cryptocurrency trading within Korea and has swiftly gained a strong reputation for being reliable and resourceful. As the firm looks to expand abroad, Wavebridge is looking to grow further in order to improve its main product, AlphredPro, and further expand on other financial instruments.

An overview of Wavebridge’s trading activities include

  • ~$50 million USD AUM
  • Top trading team in Korea by volume
  • Strategies include:
    • Spot / Derivative Arbitrage
    • Market Making
    • Market Neutral Strategies
    • Beta Strategies
    • DeFi

The main usage of the funds are to expand our trading to TUSD pairs and some High-Frequency Trading.

Thank you and please let us know if there are any questions.

jae.kim@wavebridgelabs.com
https://wavebridgelabs.com/en

References:
Charles Yang - Alameda/Genesis Block - Telegram : @GBCHARLES

2
  • Yes, approve Wavebridge to borrow on TrueFi
  • No, decline participation on TrueFi at this time

0 voters

3

The terms for this is still 17% 60D for 1MM? It doesn’t say in the revised request.

4

Hi @deif the loan amounts and interest rates are now being calculated based on their credit score and loan pool utilization. This is not based on borrower request anymore. Thanks.

5

Ah ok. I still feel like it’s useful to know the amount and length in the request though (this is slightly off topic). It’s hard to approve or decline if we had zero information. Imagine Wavebridge wanted to borrow 50MM for 90 days, that would affect the decision. Right now I can only presume that the term and amount is the same as the previous request.

6

That’s completely reasonable feedback. For now, we are focused on making sure the loan parameters are being carefully keyed off the diligence materials so the scenario you presented doesn’t happen. Definitely watch the app to rate the loans too in the interim. Thanks Deif.