STIX is the pioneer of digital-asset OTC trading and secondaries.

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🚀Exciting news for STIX! We've been featured on incredible platforms and shouted out by industry leaders recently. Check out the highlights below! 🎉👇
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Very good read. The era of effortless stablecoin / synthetic $ yield is over. Most sizeable defi strategies have been around 4.5-8% for the last 6 months, a lot juiced by token incentives. This was pre 10/10 (leverage in the system has disappeared) and pre Stream. What looked like risk free income for the previous two years was largely driven by unsustainable incentives, inflated token prices, maybe worth the risk/reward when there was excess capital in the system. When you speak to family offices and tradfi they need at least 10%, or why take the smart contract risk? They are happier if your setup is more institutional custodial based as well different to how we grew up thinking about DeFi. If yield comes easy, it’s rarely durable or often has excess leverage built in. You need yield that is sustainable in bull and also bear (when everything else falls off a cliff or trends to US treasuries).
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Replying to @Curiosity0x @Neutrl
You are asking important questions. Firstly, margin risk is systematically managed and no otc concentration in a single name. These are quite diversified. The protocol maintains a margin buffer, a target leverage ratio on the portfolio + liquid stable coins to meet required calls. Most of the protocol (80%) is actually in yield bearing stables, or discretionary liquid cash and carry which can actively be accessed in extreme scenarios, we dynamically unwind positions or rebalance exposure using OTC partners like @stix and other partner, to ensure minimal slippage and avoid panic selling. For eg. A target of just 10-20% is in the OTC arb and the rest in liquid earning positive basis yield wherever is good which can be unwound in dire events. Also there are no concentrated OTC positions in case 1 token rallies. If you run a monte carlo of the top 100 tokens, you will see it is quite rare for all of them to rally that hard at once but saying this an individual rally can happen, this part is highly diversified. We do not hedge pre market or new launch tokens which may be riskier. 2. An insurance pool exists to backstop tail risk. We’ve have a protocol owned reserve fund funded via LPs, protocol revenue, and contributions. This exists specifically to cover edge cases like hedge impairment, or exchange risk events. 3. Very importantly Liquidity needs are considered before entering any OTC trade. We only acquire tokens with sufficient hedge liquidity, on multi venues and we avoid long-tail or exotic assets that can’t be effectively managed. If the hedge cannot be reliably maintained, we don’t execute the trade. I will be putting out more scenarios and a performance update soon. gNeutrl.
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How digital asset treasuries are fuelling a new wave of #altcoin demand. My interview with @taran, Founder and CEO of @stix. The full interview is available on my YouTube and podcast platforms. YouTube: bit.ly/42Ue7gK Spotify: bit.ly/4hwfatd Apple: bit.ly/42TQ5SV Powered by @phoenixgroupuae
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Habibi, see you in Dubai! @token2049
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Our Founder, @taran was invited to the @0xSteadyLads podcast to discuss OTC trading dynamics for altcoins and the affect of recent US elections on altcoins and meme coin markets. Listen now! 🎧
Is Silly Season upon us? We'll find out in Episode #68, where we're joined by OTC GCR, @taran — founder of @stix! 🫡 🚨 OUT NOW on @YouTube & @Spotify! In this episode we cover: 🇺🇸 The Election Brings a GM for Crypto 📈 Signs of Life for ETH 🛠️ Utility Tokens vs Memes 🍝 Pasta of the Week & More! Full links below!👇
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Just seen the figures from our @KRNL_xyz pre-seeding announcement, and I'm pleasantly surprised by the reach it obtained. @trgcapi @YapCapital @Superscrypt @RyzeLabs @stix @BlockchainFF @BuilderVC @WVenturesCap
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STIX is headed to Bangkok for DevCon! We are looking forward to meeting our partners, friends and power users. If you'd like to meet up, our DMs are open!
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As we told to WSJ there is no indication that Tether is under investigation. WSJ is regurgitating old noise. Full stop.
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STIX team is headed to Singapore for @TOKEN2049! We are looking forward to meeting our partners, friends and power users. If you'd like to meet up, our DMs are open!
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📢SPEAKER ANNOUNCEMENT! We are thrilled to confirm an outstanding lineup for the “Navigating Crypto Market Volatility and Cycles” panel discussion at THE CRYTO BASH, our premier event on Sep 17 during #TOKEN2049! 🚀 💫Featuring💫 @Vivien_BingX, Chief Product Officer at @BingXOfficial @0xsky404, Partner at @J17Crypto @carlhua, Managing General Partner at @reforge_vc @taran, CEO of @stix @10x_Research, Founder of @10x_Research 💖Special thanks to our TITLE SUPPORTER @W3X_NW! 🎟️RSVP here! lu.ma/jt27o0wp #cryptocurrency #blockchain #web3 #AI #Ethereum #Bitcoin #gaming #BTC #ETH #DePIN
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If your customers are the main investors in your seed round, you know for sure that you're onto something great! A lot of our seed investors at @stix are our power users.
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🚀Join us for an unparalleled fusion of innovation, connection, celebration, and scenic beauty during #TOKEN2049! @BingVentures, @BingXOfficial, and @followin_io are holding an unmissable event at the iconic rooftop bar CÉ LA VI. 📅Sep 17 ⏰2 pm – 7 pm 🎟️lu.ma/jt27o0wp 🍸Enjoy a buffet of innovative contemporary Asian cuisines while networking with speakers and participants from @dfinity, @coinfund, @plcapital, @J17Capital, @reforge_vc, @oceanprotocol, @stix, @10xResearch, @satlayer, @ABGAasia, @theblockless, @MYX_Finance, @aspecta_ai, @BanklessVC, @lookonchain, @publicworksfm and more! 💕Shout out to our media partners: @Cointelegraph, @beincrypto, @CoinGapeMedia, @PANewsCN, @ChainCatcher_, @Foresight_News, and @CoinliveHQ, for their tremendous support! #Crypto #Blockchain #Web3 #AI #DePIN #BTC #ETH
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OTC discounts to spot prices REDUCE in a bear market, not vice versa. We're doing more otc volume now than we were in q1/q2. Smart buyers buy when markets are down. Simple tbh
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Wanna learn more about the current state of crypto otc? Read this!
🔥 Weekly Hot Take 🔥 State of The Secondary OTC Market by @minjung315 📝 Key Takeaways ➡️ The secondary OTC market facilitates the trading of hard-to-exchange assets like locked tokens, equity, or SAFTs, with a current focus on the buying and selling of locked tokens. ➡️ This article covers: 1) the definition of the secondary OTC market, 2) the participants and their motivations, 3) thoughts on the current market status, and 4) valuable insights from @taran, the founder of @stix.
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Replying to @nbelthan
Smart ones will dump OTC via @stix when attention around their holding is all over CT.
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$TIA is the most traded SAFT on the secondary market this cycle. @Hex_Trust and other SAFT brokers like @stix have been facilitating a lot of deals. Very curious to see how it trades going into the unlock and afterwards. @CelestiaOrg is giving me 2020 $SOL bullish unlock vibes.
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STIX retweeted
We receive 10M+ in locked TIA demand every week. Sellers are very few, and most buyers are looking to buy to hedge their positions almost immediately. It's a market-neutral strategy to return 25-100% by October.
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