Wintermute, one of the largest algorithmic trading firms in digital assets, is launching a decentralized finance vault curation business as institutional firms seek more sophisticated tools for managing risk and yield in the crypto lending markets.
The business, called Armitage, will allow professional managers to operate non-custodial vaults across DeFi protocols including Morpho, the company said Tuesday. An initial MVP release is expected later this month, followed by a wider launch later this year.
Armitage will let curators dynamically shift capital allocations, manage collateral exposure and rebalance positions in response to market conditions. Curators will earn fees based on performance generated for depositors.
According to Wintermute CEO Evgeny Gaevoy, the evolution of DeFi lending now requires more sophisticated infrastructure and active risk oversight.
“With real-time visibility into liquidity conditions and market stress, Wintermute is bringing insight and expertise that no other curator has. As a counterparty to major exchanges and institutions since 2017, we have operated at the intersection of CeFi and DeFi. That experience informs everything Armitage does,” Gaevoy commented.
