Welcome Cipher Chain Capital as a Double Dedicated Capital Provider (D2CP)
Today, we are super excited to welcome Cipher Chain Capital as a founding Double Dedicated Capital Provider (D2CP). Cipher Chain Capital is a decentralized nondirectional capital management firm specializing in digital assets and decentralized finance (DeFi) investments. It will actively supply capital into Double to solve liquidity challenges faced by token projects. Double will delegate to Cipher Chain Capital its allocation of Double Down Club (DDC), a membership-like utility NFT that is required to supply capital into Double and gain the amazing value Double offers to capital providers.
Double is the essential on-chain liquidity infrastructure for L1, ETH L2 & BTC L2. It is the on-chain equivalent of the off-chain liquidity infrastructure formed by thousands of professional market makers that plays a critical role in driving the successful CEX crypto trading. As an AMM-LP side only innovation, Double effectively democratizes the widely used CEX marketing making agreement model (loan + option) for AMMs, and empower projects to offer the same benefits normally exclusive to CEX pro MMs to 300k+ AMM LPs, either institutions, whales, or retails. Due to its innovative design, Double offers amazing value to capital providers — double the ROI while at the same time significantly reducing the risk of impermanent loss.
Cipher Chain Capital has developed a proprietary methodology allowing the generation of exceptional risk-adjusted returns in DeFi via non-directional strategies that are almost completely uncorrelated to equity and crypto markets. It has never experienced a negative monthly return since its inception and has delivered double digit annualized net returns since inception on March 1, 2022. It distinguishes itself through disciplined risk management practices that employ a comprehensive risk-reward framework that meticulously analyzes every smart contract and associated collateral, and its commitments to embrace innovation and stay ahead of the curve, continuously adapting and evolving to meet the changing needs of the market.
It is a great honor to partner with a DeFi native, high-quality crypto fund that has been AMM LPing and sees the massive potential of Double. Double will delegate its allocation of Double Down Club (DDC) to Cipher Chain Capital as a founding Double Dedicated Capital Provider (D2CP). DDC is a club membership-like utility NFT, and capital providers must have either DDCs or delegation of DDCs to supply capital into Double and gain the amazing value offered by Double.
Initially, Cipher Chain Capital and Double will work together to support on-chain liquidity for projects on Arbitrum One including but not limited to ARB, GMX, PENDLE, RNDT, GNS, LPT, BOOP, CORSI, etc. For projects in the Arbitrum ecosystem, if you need on-chain liquidity support, please reach out. For capital providers or AMM LPs, if you are interested in supplying capital into Double and the D2CP program, feel free to reach out to us via Twitter or Discord. Let’s Double-To-Win!
