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What are the institutions behind the DeFi trendsetters quietly planning? On-chain data analysis of the current position of the three institutions

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Which DeFi tokens are Three Arrows Capital, Polychain Capital, and Jump Trading betting on?

Original title: "What are the institutions behind the DeFi trendsetters quietly planning?" On-chain data analysis of the status of holdings of three institutions"

Original source: Lianwen

The beauty of DeFi It is that we can understand everything that happens on the chain, and find the people and companies related to it through the encrypted currency address-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

Three Arrows Capital is one of the largest Compound providers 1. WBTC worth $100 million, ETH worth $50 million, and DAI worth $6 million were pledged. 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. And during the recent decline in the DeFi market, Three Arrows Capital acquired another 351,000 LINK tokens.

Through 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 Tokens are sent to an FTX exchange address. Although it is not clear what the result of this capital investment will be, if you usually pay more attention to the FTX exchange, you will find that Three Arrows Capital has always been listed on the exchange’s profit + transaction The amount of the top few.

Polychain Capital

Over the past few weeks, Polychain Capital has become a YFI token The largest buyer of YFI bought 570 YFI within five weeks, accounting for 2% of the total supply of YFI tokens. The estimated average purchase cost is between 12,000 and 14,000 US dollars. In addition, Polychain Capital also owns 48,000 ETH and 1,315 MKR.

These tokens analyzed above are placed in one address of Polychain Capital, but in fact they also have many addresses holding cryptocurrencies, one of which is on Zhou obtained all the early investment returns in the previous week. There are a total of millions of cryptocurrencies in that address, including GNT, ZRX, REP, etc. These tokens generated many transactions in 2018. This operation of Polychain Capital really makes Puzzling.

Jump Trading

Before analyzing the holdings of Jump Trading, let me briefly introduce Let’s take a look at 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 organization 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."

So far, Jump Trading holds 39,000 ETH, worth about $18.5 million, most of which have been transferred from Gemini in the past few days. Purchased from Star Exchange and Huobi Exchange. In addition, Jump Trading also holds a large number of altcoins, most of which are "betting" on Serum, Compound, Keep Network and HXRO, and have basically not "cash out" these tokens.

Jump Trading "bet" a small part of its position on tokens such as Numeraire, Orchid, Maker and Huobi Token. Among the Jump Trading holding addresses we analyzed, we found that they also hold about $5 million worth of stablecoins, but these stablecoins are regularly sent to exchanges and then exchanged for other altcoins. From this, we can see that Jump Trading is like a "cryptocurrency accumulator", and they process more than $100,000 worth of cryptocurrency transactions every few hours.

The last thing I want to say is that cryptocurrency investment institutions like Three Arrows Capital, Polychain Capital and Jump Trading must have other addresses that hold large amounts of funds. It’s just their currency holding addresses on Ethereum, and further analysis may be done on their other currency holding addresses in the future. In fact, it is not a wise move to simply analyze the currency holdings of these addresses. What is really valuable is to analyze where the "smart money" is going.