Difference between revisions of "Jump Trading"

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=== Jump Crypto ===
=== Jump Crypto ===
====KYC Subnet====
* From a commissioned [[Messari]] [https://messari.io/article/avalanche-ecosystem-overview report] (15-7-2022):
''"The single most salient development here came with [[Avalanche (AVAX)|Ava Labs]]’ announcement that it will collaborate with [[Aave (AAVE)|Aave]], [[GoldenTree Asset Management]], [[Wintermute Trading|Wintermute]], Jump Crypto, [[Valkyrie]], and [[Securitize]] to build a [[permissioned]] subnet with native [[KYC]] functionality.''


== Investments ==
== Investments ==

Revision as of 06:56, 1 August 2022

Basics

Projects

Certus One

Jump Crypto

KYC Subnet

"The single most salient development here came with Ava Labs’ announcement that it will collaborate with Aave, GoldenTree Asset Management, Wintermute, Jump Crypto, Valkyrie, and Securitize to build a permissioned subnet with native KYC functionality.

Investments

"They used at least three addresses on Ethereum and spent $682.5M+ in various stablecoins. Basically, they were adding one-side liquidity in USDC since the Curve DAI/USDC/USDT pool was already imbalanced. Jump spent the minted LP tokens on the withdrawal of UST from the pool. Thus, they removed 593M UST from the pool, which should also positively affect the peg. However, even though there was 1.2B liquidity in the pool, UST's price quickly began to decrease.

Interestingly, Jump practically did not transfer UST to Terra for arbitrage until 10 pm on May 9. Then they transferred 588.6M and started swapping 745.6M UST for LUNA only on May 11. Of course, they did arbitrage before this day, but not on a large scale. At the same time, Jump performed Anchor liquidations and received at least 1.6M bLUNA. On May 12, Jump finished native swaps on Terra turning 640M UST into 221M LUNA. Received coins were delegated to 5 validators. They control 36% of the total staked LUNA."

Team, Partners

  • Mentioned as a partner on the BitDAO website (8-3-2022).