Bitcoin

AMM strategy looks to provide both bids and offers to the orderbooks on BTCUSD inverse contracts on Delta Excahnge. The contributions to the strategy can be made in BTC only. The strategy looks to capture dynamic premium that those seeking liquidity are willing to pay over the fair price. It uses orderbook and price information to generate its bids & offers. Further it uses information on its current inventory and market conditions to limit its exposure and to modify its open orders in the orderbook.

Tether

Top 20 momentum strategy trades in top cryptocurrencies selected on basis of market cap. It takes long or short directional positions based on short term price momentum on coins in its universe. The strategy looks to maximize the holding period for profitable trades and minimize that for loss making trades thereby aiming to boost performance whilst reducing drawdown. It expects to perform well in a volatile and trending market. It can take max gross leverage of 2x.

Defi momentum strategy trades in top DeFi assets selected on basis of market cap. It takes long or short directional positions based on price momentum. The strategy looks to maximize the holding period for profitable trades and minimize that for loss making trades thereby aiming to boost performance whilst reducing drawdown. It expects to perform well in a volatile and trending market. It can take max gross leverage of 2x.

Top 2 momentum strategy trades in BTC and ETH only. It takes long or short directional positions based on price momentum. The strategy looks to maximize the holding period for profitable trades and minimize that for loss making trades thereby aiming to boost performance whilst reducing drawdown. It expects to perform well in a volatile and trending market. It can take max gross leverage of 3x.

Cash Future Arbitrage strategy looks to capture premium in BTC and ETH futures over the spot market price of BTC and ETH. It can also trade on perpetuals and spot pair in a market neutral set-up, in order to earn funding. When trading in futures, the strategy waits for futures and spot prices to converge at futures expiry. It can take max gross leverage of 3x.

<body class="body"> <div class="section"> <p> The large cap AMM strategy is an AMM (automated market maker) that looks to profit by providing liquidity on the books of large cap coins such as BTCUSDT and ETHUSDT on Delta Exchange. </p><p> The strategy is designed for a low risk profile and looks to minimize any drawdowns. The strategy looks to earn profits by capturing the premium that liquidity seekers are willing to pay over the fair price. It then looks to offload this position opportunistically using momentum indicators and by creating arbitrage opportunities. </p><p> The AMM enjoys a fee rebate from the exchange, just as any other market maker. In addition, it earns DETO rewards. The total returns made by the strategy are returns generated by the strategy on the funds invested and additional DETO rewards. </p><p style="border: solid 1px #ffc668; border-radius: 4px; background-color: rgba(255,233,197,.2); text-align: center; padding: 10px;"> Total AMM Return=Returns generated by market making (USDT terms) + DETO rewards </p><p> The strategy is designed to have low drawdown and returns. Its objective is to generate yield without losing capital and earn rewards by providing liquidity. </p><p> The strategy does not have the concept of impermanent loss. Instead of hoping to recoup some of the losses in the future it measures the current performance. The strategy has been in production since 1 Jan 2021 and its real time performance is visible in the chart attached. The strategy has had a maximum drawdown of 3.81%. Thus, from it all time top it has never been down more than 4%. In absolute terms the funds deployed have never been down by more than 2%. </p><p> In the 6 months that the strategy has been deployed it has returned more than 7% as of August 2021. On an annualized basis the strategy is yielding close to 15% per annum with a drawdown of less than 4% and a Sharpe ratio of 1.69. </p></div><div class="section"> <strong> Under the hood: </strong> <p> AMM strategy provides both bids and offers to the orderbooks on BTCUSDT and ETHUSDT contracts on Delta Exchange. The strategy looks to capture dynamic premium that those seeking liquidity are willing to pay over the fair price. It uses orderbook and price information to generate its bids & offers. Further, it uses information on its current inventory and market conditions to limit the exposure it takes and to modify its open orders in the orderbook. </p><p> The strategy has equal allocation to BTC and ETH. </p><p> The contributions to the strategy are made in USDT. The returns generated on the strategy are in USDT terms while the DETO rewards are in DETO terms. </p></div><div class="section"> <strong> Comparing to DEXs: </strong> <p> Unlike other decentral AMMs that require LPs to contribute 2 currencies and take price risk of 1 or both the currencies, the Delta AMM requires only 1 currency, USDT. Thus, the LPs are not exposed to the price risk of currencies that they contribute to the AMM. </p></div><div class="section"> <strong> Risk Management: </strong> <p> The strategy can take a maximum leverage of only 3x in order to avoid any risk of liquidation. The strategy takes a naked position only in the direction of the prevailing momentum. Momentum direction is determined using various momentum indicators for determining short term price momentum. If the momentum bias is towards the long side, then the strategy holds the long inventory and looks to unwind it opportunistically. On the other hand, if the momentum is long and the strategy has a net short position, then it looks to offload it immediately in the order-book. </p></div><div class="section"> <strong> Fund Safety: </strong> <p> The funds deposited towards the strategy are stored in custodian wallets. We custody with best in class custodians such as BitGo, Curv, Fireblocks etc. Sometimes a small portion of the funds can be kept on other exchanges in order to avoid any tail risk scenario wherein strategy is not able to hedge its position on Delta. During such cases it will hedge its position on hedging exchanges in order to avoid any kind drawdown. </p></div></body>

BTC momentum strategy trades in BTC inverse perpetual only. It takes long or short directional positions based on price momentum. The strategy looks to maximize the holding period for profitable trades and minimize that for loss making trades thereby aiming to boost performance whilst reducing drawdown. It expects to perform well in a volatile and trending market. It can take max gross leverage of 3x.

ALTBTC momentum strategy trades in top altcoins pairs. It takes long or short directional positions based on price momentum. The strategy looks to maximize the holding period for profitable trades and minimize that for loss making trades thereby aiming to boost performance whilst reducing drawdown. It expects to perform well in a volatile and trending market. It can take max gross leverage of 3x.

Delta Token

This strategy enables you to earn a risk-free yield on your DETO. When you subscribe to this strategy, you stake your DETO in the pool and earn ‘DETO APY’ as the staking yield. This strategy has several unique properties which differentiate it from the other robo strategies that are available on our platform. You earn a pre-defined DETO APY on a daily basis. The NAV of this strategy will remain constant at 1. This means that: (i) you will withdraw the same number of DETO as you deposit and (ii) the DETO you earn as yield will be directly credited to your Delta Wallet.No lock-up: You can withdraw the DETO you have contributed to the strategy at any time

This strategy enables you to earn a risk-free yield on your BTC. When you subscribe to this strategy, you stake your BTC in the pool and earn ‘BTC APY’ as the staking yield. This strategy has several unique properties which differentiate it from the other robo strategies that are available on our platform. You earn a pre-defined BTC APY on a daily basis. The NAV of this strategy will remain constant at 1. This means that: (i) you will withdraw the same number of BTC as you deposit and (ii) the BTC you earn as yield will be directly credited to your Delta Wallet.No lock-up: You can withdraw the BTC you have contributed to the strategy at any time

This strategy enables you to earn a risk-free yield on your USDT. When you subscribe to this strategy, you stake your USDT in the pool and earn ‘USDT APY’ as the staking yield. This strategy has several unique properties which differentiate it from the other robo strategies that are available on our platform. You earn a pre-defined USDT APY on a daily basis. The NAV of this strategy will remain constant at 1. This means that: (i) you will withdraw the same number of USDT as you deposit and (ii) the USDT you earn as yield will be directly credited to your Delta Wallet.No lock-up: You can withdraw the USDT you have contributed to the strategy at any time

Ethereum

This strategy enables you to earn a risk-free yield on your ETH. When you subscribe to this strategy, you stake your ETH in the pool and earn ‘ETH APY’ as the staking yield. This strategy has several unique properties which differentiate it from the other robo strategies that are available on our platform. You earn a pre-defined ETH APY on a daily basis. The NAV of this strategy will remain constant at 1. This means that: (i) you will withdraw the same number of ETH as you deposit and (ii) the ETH you earn as yield will be directly credited to your Delta Wallet.No lock-up: You can withdraw the ETH you have contributed to the strategy at any time

<body class="body"> <div class="section"> <p> Delta Neutral Option Selling Strategy sells weekly BTC 20 delta put and call options and buys ATM put options at the same time. Structure is designed in a way that net delta of the product remains near zero at inception. Positions are initiated on Friday and kept till expiry. Gross notional leverage is limited to 10x. Strategy is expected to perform well in range bound market and underperform in trending and volatile markets. It has an implied negative correlation with momentum startegies. </p> <p> In case of market moving significantly, strategy either squares off the option positions or manages the delta of overall portfolio by trading underlying Futures. </p></div></body>

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