Gorda Capital is a market-making fund that provides liquidity and counter-parties trades in DeFi (Decentralized Finance) derivatives markets.
By positioning itself as 'the house' rather than a trader, Gorda Capital finds a more lucrative path through the inherent unpredictability of cryptocurrency markets.
Specifically, Gorda Capital provides liquidity to DeFi markets in 2 different ways, based on the two kinds of popular derivative market capital designs.
Singular liquidity pools are used as counterparty to synthetic trades on a wide selection of assets.
Self-balancing pools of assets are used to counterparty fully-backed trades of those same assets.
Ether Staking on GMX: Gorda provides liquidity by staking ETH in a pool that serves as a counterparty to synthetic trades on GMX, a decentralized exchange. This strategy gives exposure to ETH price movements while earning trading fees and liquidations from the platform, leading to a high IRR as market conditions fluctuate.
Balanced Pool on Uniswap: Gorda contributes to a pool of ETH and USDC, which is managed by an AMM algorithm to maintain a fixed ratio. This pool facilitates trades between ETH and USDC, generating fees from trades and rebalancing, which are distributed among the liquidity providers.
Stablecoin Provision on Synthetix: Gorda provides USDC as liquidity to back synthetic asset trades. This approach limits exposure to volatile crypto prices, offering a more stable return through fees generated from trades of synthetic assets like sUSD or sBTC, which mimic the price of real-world assets.
Yield Farming on Curve: Gorda provides a combination of different stablecoins (e.g., DAI, USDC, USDT) to a Curve pool, which facilitates low-risk exchanges between these assets. LPs benefit from very stable returns in the form of trading fees and occasional protocol incentives, which are common in yield farming scenarios.
BTC Liquidity on DerivaDEX: Gorda Provides Bitcoin in a liquidity pool that is used for trading BTC derivatives. This method exposes LPs to the full volatility of BTC while enabling them to earn fees from the trading activities and liquidations occurring within the market.
The surge of interest in decentralized finance (DeFi) marks a pivotal moment for the financial sector. As regulatory challenges mount for centralized platforms like Coinbase and Binance, capital and trading volumes are increasingly migrating to DeFi platforms.
Derivatives Volume on Arbitrum (source: https://defillama.com)
We are now on our second fund, after returning 70% IRR in our first fund (2023)
Weekly Cash Redemptions
Fund LPs can choose to take cash redemptions on a weekly, monthly, or annual basis without any additional fees.
Fully Managed Account
Each of our fund LP’s assets are managed with a unique wallet address, with redundant physical private key security using a multi-step process and secure, individualized hardware.
Hedged Exposure
Fund LPs get selective and hedged exposure to crypto assets, like BTC and ETH, while producing meaningful cash flow with their chosen strategy/risk tolerance (low, medium, high)Gorda Capital is a DMCC Limited Partnership (Dubai Multi Commodities Centre) founded in 2023
Tucker Chambers, CIO
UC Berkeley ‘14
Linguistics
Trade Strategist
XMoneTai
Founder
APO Ideas
