Alphanonce Launches New Borrower Pool on Clearpool
SINGAPORE, 26 April 2023 - Clearpool is pleased to announce a new borrower pool launched on the protocol's permissionless marketplace by Alphanonce, a market maker and investment firm for digital assets.
Alphanonce’s pool is the third opened recently on Clearpool as appetite for digital asset credit continues to grow.
“We’re excited to welcome another borrower to Clearpool,” said Robert Alcorn, Clearpool’s CEO. “This latest pool is another sign that the credit markets are stabilizing, and a testament to the strength and resilience of Clearpool's technology and its ability to deliver value even in turbulent times.”
Added Alcorn, “Last year’s market volatility was a challenging stress test for any disruptive new technology. However, we are proud to observe the unwavering trust our protocol has built among market participants from both decentralized and traditional finance.”
Founded in 2021, Clearpool provides critical infrastructure to support and drive borrowing and lending across decentralized finance, recently marking the one-year anniversary of the launch of its permissionless marketplace. Alphanonce’s pool follows the successful fulfillment of Clearpool’s Q1 Roadmap, including the development of Clearpool Prime, the company’s institutional-grade product.
Founded in 2018 as a crypto native firm, Alphanonce demonstrates a long-standing track record of generating stable and consistent returns, achieved through market-neutral, quantitative trading.
“The funds that we’re going to borrow through Clearpool will be used to support our market-neutral investment strategy, specifically arbitrage trading. Our team will leverage advanced quantitative techniques and market analysis to identify and capitalize on market inefficiencies, ultimately generating returns for our investors,” said Jihun Mun, AlphaNonce’s CEO. “While there are several options available, we have chosen Clearpool's protocol for its seamless and crypto-friendly approach. With their algorithmic interest rates, both borrowers and lenders can benefit from competitive returns while enjoying the security of on-chain transactions. Clearpool's dedication to innovation and their commitment to providing a secure and efficient platform aligns with our core values: to innovate the process of value creation to value transfer.”
With 30 employees and engineers constituting 50% of the team, Alphanonce implements quant-driven trading algorithms developed in-house to effectively recognize and leverage opportunities in the crypto market. The team prioritizes risk management, with a dedicated policy and robust systems in place to ensure the security of Alphanonce investments.
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