Trading more than $5 billion in volume daily, Nibbio is a crypto quant trading firm based in Hong Kong known for its CeFi & DeFi market making. Nibbio specializes in developing high-frequency algorithmic trading and risk management systems.
Nibbio: Borrower Profile Interview
1. Company Background
Nibbio is a leading crypto-currency-only, market making and arbitraging firm.
After several years as high-frequency traders and developers in top-tier banks, they started their crypto journey in 2017 by developing their algos and risk management systems and were connected — at the time — to more than 150 crypto exchanges.
Since then, they have gone through all the stages of developing a leader in crypto market efficiency, starting from basic triangular arbitrages to market-neutral strategies on derivatives. They now provide liquidity across all the major trading venues — trading more than $5 billion volume daily.
2. Trading Strategy
Nibbio has grown over time and has run a variety of strategies: from their original triangular arbitrage, they moved into a more sustainable and scalable strategy.
They are best known for our market-neutral HFT strategy, running 24/7 and never suffered any daily drawdown — this strategy has zero delta exposure.
Over time they have also developed a few other profitable directional and DeFi strategies and have closed several major VC deals in the crypto-space.
3. Why are you looking to borrow capital now?
Capital is the core of the crypto business as the crypto market can be rather capital intensive. They are interested in borrowing capital to keep scaling our market making and arbitrage strategy and making crypto markets as efficient as possible.
Indeed, in large market volatility events, Nibbio and other market makers put their algos at play to keep providing liquidity in these market conditions. As the crypto market grows, it requires an ever-increasing amount of capital to do so.
4. Why are you interested in borrowing from Clearpool’s protocol compared to other available options?
Transparency and reliability are key in the crypto space, and the value proposition from Clearpool is totally aligned with Nibbio’s values.
They also value the fact that Clearpool is giving access to some yield generating crypto products to more and more lenders and, hence, democratizes investment in crypto for everyone, which is key according to them to develop the whole ecosystem.
Nibbio has always been working both ways with its lenders where, when they benefit from a protocol, they give back to it — in forms of promotion, visibility, and feedback to enhance the borrowers’ experience and lenders’ offering.
5. What size do you typically borrow and seek to borrow on Clearpool?
They typically would borrow anywhere in a range from 5mm to 30mm USD and hope they can steadily increase these amounts as they build trust with the community and attract lenders directly to our pool.
6. Why would the Clearpool community lend to Nibbio?
Nibbio has one of the strongest and most robust risk management systems across the crypto ecosystem and is on many occasions the first firm to report issues, bugs, trading latencies to its counterparts crypto exchanges — and they are praised for that.
Nibbio founders and the team have a large personal stake in its strategies and are, hence, even more, diligent in the way it operates.
7. Any media you would like to share with their community?
About Nibbio
Nibbio is a leading proprietary trading crypto market-making and arbitrage firm. Nibbio creates liquidity on the world’s best crypto exchanges and trading platforms — through algorithmic and high-frequency trading tools.
About Clearpool
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.
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