Auros Partners with Clearpool to Become a Borrower on the Protocol
We’re excited to announce our partnership with Auros.
Auros is a leading high frequency trading firm that designs and develops cutting-edge proprietary trading technology for cryptocurrency markets. Auros is one of the most significant participants in the market, generating daily notional turnover in the billions of dollars. Auros combines a systematic approach with sophisticated pricing models and state-of-the-art execution capabilities, regularly iterating to ensure robust, reliable trading performance.
Auros: Borrower Profile Interview
1. Company Background
Founded in February 2019, Auros is a crypto native, high frequency trading (HFT) firm. We are active on over two dozen exchanges and account for >2% of global exchange-traded cryptocurrency trading volume.
We have offices around the globe, from Hong Kong to New York, and as of December 2021, a staff of over 50 highly talented software engineers, traders, quants, back and middle office professionals.
2. Trading Strategy
The vast majority of our activity is market-neutral, high and medium frequency trading. We provide 24/7 liquidity in all major coins on all major exchanges and engage in many different proprietary low-latency trading strategies as both a maker and taker.
Since inception, we have never had a weekly drawdown and rarely experienced a losing day. Many of our traders and engineers have worked in the HFT field for over a decade at some of the industry’s largest names, and they bring that wealth of experience to our firm.
3. Why are you looking to borrow capital now?
HFT can be a highly lucrative business model; however, it is extremely capital intensive. In order to provide deep liquidity in thousands of different instruments, firms such as Auros require large amounts of capital to be spread across dozens of exchanges.
We are large, active clients of many CeFi lending desks and are always searching for new sources of debt capital, especially in the growing DeFi arena.
4. Why are you interested in borrowing from Clearpool’s protocol compared to other available options?
We are eager to participate in a crypto native lending pool, where there exists a high degree of transparency for all participants.
Since its inception, Clearpool has done a fabulous job cultivating and engaging with their community. We are excited to join this ecosystem and help grow the product mix and lending alternatives for everyone.
5. What size do you typically borrow and seek to borrow on Clearpool?
Auros’ credit lines with our existing lenders range from $10m to over USD 100m equivalent.
We seek to borrow $20m on Clearpool initially and look to grow that over time as we build a strong history on the platform.
6. Why would the Clearpool community lend to Auros?
We are one of the industry’s largest, most profitable trading firms. We have taken down and repaid over $1bn worth of loans in 3 years since our inception, with a 100% repayment performance history.
Many of our employees are also shareholders (including our two largest shareholders), so there is a degree of risk awareness and management that is seldom seen in many of our competitors.
7. Any media you would like to share with our community?
Auros - Medium
Read writing from Auros on Medium. Auros is a proprietary crypto trading firm. We produce newsletters and thought…
Auros is a proprietary high frequency trading firm operating in the global cryptocurrency market. We are a 24/7/365 business, trading digital assets in 10+ locations around the globe and possessing a team of world-class talent spanning five continents, with many employees working remotely and physical offices in Hong Kong and New York.
We are one of the largest participants in the market, generating daily notional turnover in the billions of dollars. We combine a systematic approach with sophisticated pricing models and state-of-the-art execution capabilities, regularly iterating to ensure robust, reliable trading performance.
Clearpool is a Decentralized Capital Markets Ecosystem, where institutional borrowers can create single borrower liquidity pools and compete for uncollateralized liquidity directly from the DeFi ecosystem.
Liquidity providers on Clearpool can earn attractive yields, with pool interest rates enhanced by additional LP rewards paid in CPOOL — Clearpool’s utility and governance token.
Clearpool LP tokens, called cpTokens, are the building blocks for a system of tokenized credit that will provide Clearpool LPs with risk management and hedging capabilities. As more institutions begin to realize the benefits that decentralized finance can bring to their organizations, Clearpool will provide the new architecture to facilitate flows between the $120 trillion traditional capital markets and the burgeoning DeFi ecosystem.
Clearpool is backed by a long list of top investors from both traditional venture capital and blockchain, including Sequoia Capital India, Arrington Capital, Sino Global Capital, Hex Trust, Huobi Ventures, Kenetic, HashKey, and many more.