Samara Alpha Management 選擇 Boreal 作為今年比特幣 Alpha 競賽的獲勝者

Boreal 獲得了 100 萬美元的種子資金，並有權使用薩馬拉的機構級基礎設施來幫助管理其資金。

At Bitcoin 2024 this past July, Samara Alpha Management and Bitcoin Magazine Pro selected Boreal, a market neutral DeFi hedge fund, as the winner of this year’s Bitcoin Alpha Competition.

在今年 7 月的 Bitcoin 2024 上，Samara Alpha Management 和 Bitcoin Magazine Pro 選擇市場中立的 DeFi 對沖基金 Boreal 作為今年比特幣 Alpha 競賽的獲勝者。

Boreal was awarded $1 million in seed capital as well as access to institutional-grade infrastructure from SAM to help manage its fund.

Boreal 獲得了 SAM 的 100 萬美元種子資金以及機構級基礎設施的使用權，以幫助管理其資金。

The fund stood out to SAM and Bitcoin Magazine Pro because of its trading strategy, which utilizes various decentralized finance (DeFi) protocols to generate yield on top of U.S. dollars, bitcoin and ether.

該基金因其交易策略而在 SAM 和 Bitcoin Magazine Pro 中脫穎而出，該策略利用各種去中心化金融 (DeFi) 協議在美元、比特幣和以太幣之上產生收益。

“Even when things are super bearish, there's always a way to generate returns in DeFi,” said Boreal’s founder Evan Morris, who has been in the crypto space since 2016 and worked in traditional finance before that.

Boreal 創辦人 Evan Morris 表示：「即使情況非常悲觀，DeFi 也總有辦法產生回報。」他自 2016 年以來一直涉足加密貨幣領域，此前曾在傳統金融領域工作。

“I began in this space four years ago managing outside money with two friends and then ended up joining a larger firm as a portfolio manager where I ran a DeFi strategy for a few years. More recently, I've launched Boreal, and now, with the help of SAM, we can really take things to the next level,” he added.

「四年前，我開始與兩個朋友一起管理外部資金，然後最終加入一家更大的公司擔任投資組合經理，在那裡我運行了幾年 DeFi 策略。最近，我推出了 Boreal，現在，在 SAM 的幫助下，我們真的可以將事情提升到一個新的水平，」他補充道。

Adil Abdulali, chief investment officer at SAM and one of the judges in the competition, commented on why SAM is excited to partner with Boreal.

SAM 首席投資長兼競賽評審之一 Adil Abdulali 評論了 SAM 為何很高興與 Boreal 合作。

“Evan is somebody who has a very good track record of work and the right risk framework for this type of strategy,” he said. “He has trading maturity, and since crypto is a young market, somebody with several years of experience in DeFi is rare.”

「埃文擁有非常良好的工作記錄，並且擁有適合此類策略的正確風險框架，」他說。 “他的交易成熟度很高，而且由於加密貨幣是一個年輕的市場，在 DeFi 領域擁有多年經驗的人很少見。”

Abdulali also shared details on how SAM plans to support Morris.

阿卜杜勒利還詳細介紹了 SAM 計劃如何支持莫里斯。

“We thought if there's a way to quickly get him off the ground with all the infrastructure like admin, auditing, accounting, subscription docs, a bank account, BitGo accounts, etc. — all of which we have — then let’s do it,” he said.

「我們認為，如果有一種方法可以讓他快速啟動所有基礎設施，如管理、審計、會計、訂閱文件、銀行帳戶、BitGo 帳戶等——我們擁有所有這些——那麼我們就開始吧，」他說。

DeFi on Bitcoin

比特幣上的 DeFi

Moving forward, Morris sees bitcoin playing a much bigger role in the DeFi space.

展望未來，莫里斯認為比特幣在 DeFi 領域發揮更大的作用。

“With bitcoin coming onto the DeFi scene, we're able to do some of the same things that we were able to do with stablecoins over the past few years,” he said.

「隨著比特幣進入 DeFi 領域，我們能夠做一些與過去幾年穩定幣相同的事情，」他說。

“DeFi 1.0 was very USDC- and Tether-based, but the future of DeFi is going to involve different types of wrapped bitcoin and bitcoin derivatives. And we're happy to provide liquidity.”

「DeFi 1.0 非常基於 USDC 和 Tether，但 DeFi 的未來將涉及不同類型的包裝比特幣和比特幣衍生品。我們很樂意提供流動性。

Abdulali also feels that bitcoin will play a bigger role in DeFi, and his firm is well-positioned to help Boreal capitalize on this.

Abdulali 也認為比特幣將在 DeFi 中發揮更大的作用，他的公司有能力幫助 Boreal 利用這一點。

“Bitcoin is not just like all other coins — it’s some of the best collateral out there,” he said.

「比特幣不像所有其他硬幣——它是最好的抵押品之一，」他說。

“We use bitcoin in our bitcoin-denominated fund, which we started over a year ago and which employs essentially the same type of strategies that our dollar-denominated market-neutral fund does. However, the fund transacts entirely in bitcoin,” he added.

「我們在以比特幣計價的基金中使用比特幣，該基金是我們一年多前啟動的，它採用的策略與我們以美元計價的市場中性基金基本相同。然而，該基金完全以比特幣進行交易，」他補充道。

“The idea is to use bitcoin in these new DeFi protocols like Babylon in market-making strategies instead of putting up collateral like USDC or USDT on an exchange.”

“我們的想法是在 Babylon 等新的 DeFi 協議中使用比特幣作為做市策略，而不是在交易所提供 USDC 或 USDT 等抵押品。”

The Future of DeFi

DeFi 的未來

Morris explained that DeFi has become much more advanced than it was four years ago, when it first came on the scene as a sector of crypto.

Morris 解釋說，與四年前相比，當 DeFi 首次作為加密貨幣領域出現時，它變得更加先進。

“There are just so many more tools to get alerts on smart contracts and evaluate smart contract security,” he said.

「還有很多工具可以獲得智慧合約警報並評估智慧合約安全性，」他說。

“Cybersecurity and wallet technology is so much better, as well. This enables institutional-grade DeFi products,” he added.

「網路安全和錢包技術也好多了。這使得機構級 DeFi 產品成為可能。

And Abdulali wants to see Boreal take advantage of this institutional-grade DeFi before the institutions arrive.

Abdulali 希望看到 Boreal 在機構到來之前利用這種機構級 DeFi。

“All this new institutional capital is not even going to touch DeFi for a while,” explained Abdulali. “They've hardly gotten into bitcoin, so it's going to be a long time before the DeFi landscape becomes saturated and there's too much capital,” he added.

「所有這些新的機構資本在一段時間內甚至不會觸及 DeFi，」Abdulali 解釋道。他補充說：“他們幾乎沒有涉足比特幣，因此 DeFi 領域還需要很長一段時間才能飽和，資本過剩。”

“There are going to be some juicy returns for some of us that are willing to play in the space now.”

“對於我們中的一些現在願意參與該領域的人來說，將會獲得一些豐厚的回報。”