Editor's Note: This article comes fromChain News ChainNews (ID: chainnewscom)Editor's Note: This article comes from
Chain News ChainNews (ID: chainnewscom)
Three Arrows Capital
Chain News ChainNews (ID: chainnewscom)
, author: Nick C, translation: Lu Jiangfei, published with permission.
Polychain Capital
The beauty of DeFi is that we can understand everything that happens on the chain, and find the people and companies related to it through cryptocurrency addresses-of course, this is also the scary part of DeFi. Here, we will analyze the Ethereum addresses of Three Arrows Capital, Polychain Capital and Jump Trading, and then understand how they are deployed in the DeFi market.
Three Arrows Capital is one of the largest Compound providers, staking $100 million worth of Bitcoin-pegged token WBTC, $50 million worth of ETH, and $6 million worth of DAI. On the DeFi lending platform Aave, Three Arrows Capital pledged 275 YFI tokens and LINK worth $13 million, and recently "acquired" 1.5 million SUSHI tokens for income farming. During the recent decline in the DeFi market, Three Arrows Capital took another 351,000 LINK tokens into its pocket.
Jump Trading
By staking, Three Arrows Capital took out a portion of the stablecoins and sent them to the cryptocurrency derivatives exchange FTX, we saw millions of stablecoins being sent to a single FTX exchange address, although it’s not clear yet What will be the result of this capital investment, but if you usually pay more attention to the FTX exchange, you will find that Three Arrows Capital has always been ranked among the top few in the exchange's profit + transaction volume.
In the past few weeks, Polychain Capital has become the largest buyer of YFI tokens, buying 570 YFI tokens in five weeks, accounting for 2% of the total supply of YFI tokens, and the estimated average purchase cost is 12,000-14,000 Dollar. In addition, Polychain Capital also owns 48,000 ETH and 1,315 MKR.
The tokens analyzed above are all placed in one address of Polychain Capital, but in fact they also have many addresses holding cryptocurrencies. One of them received all the early investment returns in the previous week last week. There are millions of cryptocurrencies in total, including GNT, ZRX, REP, etc. These tokens generated many transactions in 2018. This operation of Polychain Capital is really puzzling.
Before analyzing the holdings of Jump Trading, let me briefly introduce this institution, because some practitioners in the cryptocurrency industry are still not familiar with this institution. Jump Trading is a Chicago-based prop trading firm. Due to the lack of publicity, this institution appears to be very "low-key", but they are actually very concerned about the cryptocurrency industry, and they are also the "owner" of many Ethereum tokens. big investors."
