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Friktion: Building DeFi portfolios to Perform Across Market Cycles

The Delphi Podcast

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Decentralized Exchanges - What Are the Implications of This?

We think that every portfolio, whether it's traditional or curto, is either long or short oltility. So without having opportunities to actively shorten long ball across a bunch of assets and asced classes, you can't really have a proper portfolio that will survive across market cycles. And now we see that one of the more long term, sustainable forms of a return generation is strategies that involve these derivative arbs or auptions,. Or generally, volatility as an acid class. But increasingly, these are available on decentralized exchanges.

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