Activity and economics
Settlement counts describe trading activity. Only transactions with sufficient data enter the measured economics. Missing observations are disclosed rather than counted as zero.
Our market-making desk trades its own capital on Jupiter RFQ and 1inch Fusion. This page shows what is live and how we report. Results, wallet references and reconciliation are shared with investors and mandate partners in our monthly operating report.
Live venues, activity and the method behind our reporting. A settlement count shows that trades occurred; on its own it says nothing about profitability.
Execution economics relative to the book, drawdown, wallet references and reconciliation. We share them with investors and mandate partners, together with their limits.
Settlement counts describe trading activity. Only transactions with sufficient data enter the measured economics. Missing observations are disclosed rather than counted as zero.
Execution economics are distinct from a mark-to-market valuation of the entire wallet. Hard asset caps and inventory-aware pricing limit exposure; they do not eliminate directional risk.
Every settlement is an on-chain transaction. Wallet references for independent checks are part of the operating report. A settlement proves that a trade occurred, not that it was profitable.
Monthly reports include adverse results and material measurement corrections. Capital increases and planned venue integrations are not treated as evidence of proven capacity.
Each monthly operating report covers:
We send it after a short conversation about your interest.
Request the operating reportThe previous weekly page showed early spread-capture estimates as daily returns on inventory. Those estimates did not establish complete net performance and were replaced by reconciled execution economics with explicit measurement windows.
The previous risk description understated inventory exposure. On-chain verification is not an independent audit of a result.
Activity data reflects an early operating period. It does not predict future performance. This page is informational and is not an offer, investment advice or a promise of returns.