Wintermute Partners with Clearpool to Become a Borrower on the Protocol
We’re excited to announce our partnership with Wintermute.
Wintermute is a crypto-native market maker focused on building a decentralized financial system by creating efficient, liquid markets with transparent prices. Since the company’s launch in 2017, the team has become one of the largest liquidity providers in crypto markets, covering thousands of pairs across almost 50 crypto exchanges and trading platforms on CeFi, DeFi, and OTC.
Wintermute manages hundreds of millions in assets and trades more than $5B+/day across dozens of trading platforms as a trading company. Wintermute has committed to being a borrower on Clearpool; dive into our borrow profile below to learn more.
Wintermute: Borrower Profile Interview
1. Company Background
Founded in June 2017, Wintermute Trading Ltd is a market-neutral market-maker and proprietary high-frequency trader.
Active in CeFi and DeFi markets, we provide liquidity to over 50 crypto exchanges and trade over $6bn daily across more than 200 digital assets.
Based in London, UK, Wintermute’s most recent Series B round was led by Lightspeed Venture Partners and Pantera Capital.
With 45 employees and growing, Wintermute looks forward to continuing to provide liquidity and fair markets, fuelling the further growth and adoption of cryptocurrency.
2. Trading Strategy
Wintermute Trading follows a market-neutral trading strategy.
With as close to zero positional risk as possible, Wintermute strives to provide the best and fairest liquidity to the demands of the global crypto market.
3. Why are you looking to borrow capital now?
We want to borrow capital to ensure the needs of the global crypto market are met as far and as deep as possible.
By borrowing the inventory we trade, Wintermute is able to ensure that the majority of the global market is covered and the depth of book is sufficient to enable the fairest markets possible.
4. Why are you interested in borrowing from Clearpool’s protocol compared to other available options?
Clearpool presents optimal access to a more democratized and grass-roots pool of lending compared to more traditional lenders.
Additionally, Wintermute seeks to promote Clearpool’s protocol and champion it as a premier DeFi lending solution.
The ability to add new types of lending pools and co-develop lending products to benefit the entire ecosystem appeals greatly to Wintermute’s ethos.
5. What size do you typically borrow and are seeking to borrow on Clearpool?
We seek to borrow 50m USD-equivalent on Clearpool initially. This will, of course, increase with market demands and greater adoption of DeFi lending.
6. Why would the Clearpool community lend to Wintermute?
Wintermute strives to ensure all partners and participants in the crypto markets are acting in good faith while strictly adhering to sound financial decision-making and the optimal use of trading capital. As examples of risk mitigation, Wintermute adheres to concentration risk limits, uses multi-sig authority to the maximum extent, and utilizes well-tested smart contracts.
7. Any media you would like to share with our community?
Wintermute Raises $20M Series B Funding from Lightspeed Venture Partners and Pantera Capital to…
LONDON & MENLO PARK, Calif.--()-- Wintermute, an algorithmic liquidity provider for digital assets, today announced the…
Wintermute is a leading global algorithmic market maker in digital assets to enhance liquidity with cumulative trading volume in billions (USD).
Wintermute is a leading global algorithmic trading firm in digital assets. Wintermute provides liquidity algorithmically across over 50 centralized and decentralized exchanges and facilitates OTC trading for over 200 tokens. Being a very active player in the ecosystem, the company supports a number of high-profile blockchain projects.
“At Wintermute, we believe in the decentralization of finance. We are convinced that trading companies of the future are technology companies, not financial services providers.”
Wintermute was founded in 2017 and is backed by Lightspeed, Pantera Capital, Sino Global Capital, Blockchain.com Ventures, Avon Ventures by Fidelity Investments, DeFi Alliance, and other top-tier investors.
Wintermute provides liquidity to some exchanges you may know, such as, Binance, Huobi, Coinbase, Kraken, FTX, Bitfinex, Bitstamp, Uniswap, DYDX and more.
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.