Samara Alpha Management 选择 Boreal 作为今年比特币 Alpha 竞赛的获胜者

Boreal 获得了 100 万美元的种子资金，并有权使用萨马拉的机构级基础设施来帮助管理其资金。

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 选择市场中立的 DeFi 对冲基金 Boreal 作为今年比特币 Alpha 竞赛的获胜者。

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

Boreal 获得了 SAM 的 100 万美元种子资金以及机构级基础设施的使用权，以帮助管理其资金。

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.

该基金因其交易策略而在 SAM 和 Bitcoin Magazine Pro 中脱颖而出，该策略利用各种去中心化金融 (DeFi) 协议在美元、比特币和以太币之上产生收益。

“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 创始人埃文·莫里斯 (Evan Morris) 表示：“即使形势非常悲观，DeFi 也总有办法产生回报。”他自 2016 年以来一直涉足加密货币领域，此前曾在传统金融领域工作。

“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，我开始与两个朋友一起管理外部资金，然后最终加入一家更大的公司担任投资组合经理，在那里我运行了几年 DeFi 策略。最近，我推出了 Boreal，现在，在 SAM 的帮助下，我们真的可以将事情提升到一个新的水平，”他补充道。

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 首席投资官兼竞赛评委之一 Adil Abdulali 评论了 SAM 为何很高兴与 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.”

“埃文拥有非常良好的工作记录，并且拥有适合此类策略的正确风险框架，”他说。 “他的交易成熟度很高，而且由于加密货币是一个年轻的市场，在 DeFi 领域拥有多年经验的人很少见。”

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

阿卜杜勒利还详细介绍了 SAM 计划如何支持莫里斯。

“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.

“我们认为，如果有一种方法可以让他快速启动所有基础设施，如管理、审计、会计、订阅文档、银行账户、BitGo 账户等——我们拥有所有这些——那么我们就开始吧，”他说。

DeFi on Bitcoin

比特币上的 DeFi

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

展望未来，莫里斯认为比特币在 DeFi 领域发挥着更大的作用。

“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.

“随着比特币进入 DeFi 领域，我们能够做一些与过去几年稳定币相同的事情，”他说。

“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 非常基于 USDC 和 Tether，但 DeFi 的未来将涉及不同类型的包装比特币和比特币衍生品。我们很乐意提供流动性。”

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 还认为比特币将在 DeFi 中发挥更大的作用，他的公司有能力帮助 Boreal 利用这一点。

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

“比特币不像所有其他硬币——它是最好的抵押品之一，”他说。

“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.

“我们在以比特币计价的基金中使用比特币，该基金是我们一年多前启动的，它采用的策略与我们以美元计价的市场中性基金基本相同。然而，该基金完全以比特币进行交易，”他补充道。

“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.”

“我们的想法是在 Babylon 等新的 DeFi 协议中使用比特币作为做市策略，而不是在交易所提供 USDC 或 USDT 等抵押品。”

The Future of DeFi

DeFi 的未来

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 解释说，与四年前相比，当 DeFi 首次作为加密货币领域出现时，它已经变得更加先进。

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

“还有很多工具可以获取智能合约警报并评估智能合约安全性，”他说。

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

“网络安全和钱包技术也好多了。这使得机构级 DeFi 产品成为可能。”他补充道。

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

Abdulali 希望看到 Boreal 在机构到来之前利用这种机构级 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.

“所有这些新的机构资本在一段时间内甚至不会触及 DeFi，”Abdulali 解释道。他补充道：“他们几乎没有涉足比特币，因此 DeFi 领域还需要很长一段时间才能饱和，资本过剩。”

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

“对于我们中的一些现在愿意参与该领域的人来说，将会获得一些丰厚的回报。”