FAQ

General Questions

What is iob.fi DAO?

iob.fi is a decentralized autonomous organization (DAO) hedged pool manager and a DeFi technology developer.

What does iob.fi DAO do?

iob.fi manages multi-asset-class hedged pools aiming to achieve superior returns with controlled max drawdowns.

Unable to find a Web3 solution in order to interact with the various DeFi platforms by our "black box" trading system, we have decided to develop one, the Prodefy platform, for our quantitative trading platform. Other institutional traders can use it too as we are developing Prodefy as an open-source project in partnership with several Wall Street veterans.

Why iob.fi DAO?

iob.fi seeks consistent capital appreciation. With over 20 years in managing various types of funds totaling billions of dollars, iob.fi founding members have developed a cryptocurrency trading system called ioBots. ioBots is a set of rule-based algorithmic trading strategies, order, risk, and asset management tools.

In the past 12 months, ioBots has demonstrated above-average returns in real-time, real-money trading while being constantly developed. Changes were made daily sometimes. The ioBots-generated trading signals have been tracked in real-time on iobots.pro. If the signals automatically invested with $10,000 each time, the model portfolio would have made over 150% in the first 12-month period. ioBots has added new markets continuously and gradually. The original 6 starting markets (crypto pairs) have demonstrated gains ranging from 183.9% to 597.35% for the first 12 months.

Who is behind iob.fi DAO?

A team of financial and blockchain veterans has been working over four years to build iob.fi since early 2016. As the nascent DeFi technology evolves, we will never stop innovating together with other industry-leading projects such as Uniswap, TokenSets, Balancer, and the others to help bring decentralized finance to go mainstream.

Core contributors

Yale ReiSoleil

Having started his financial career in 1996, Yale worked in mutual funds, venture capital, private equity, and hedge funds with high-frequency trading (HFT) partners. With his diverse experience in several financial sectors managing over $3 billion funds, Yale has been a pioneer in utilizing and advancing emerging financial technologies. Yale and Dr. D were trailblazers in HFT in China. In 2013, they partnered with China Telecom to build the first dedicated trans-Pacific fiber-optic line linking the New York main financial data hub to their Shanghai-based commodities hedge fund.

An unexpected event in 2015 propelled Yale to look into the fledgling decentralized currencies called Bitcoin and Ether. Having spent millions building a proprietary ‘black box’ algorithmic trading hardware and software system co-located in Shanghai Futures Exchange (SHFE) datacenter, the firm’s good time in being one of the biggest stock index futures HFT traders in China came to an abrupt halt when the local government banned HFT index futures trading and limited all order size to 1 contract. Being aware of the danger posed by any centralized authorities led him to make his first purchases of BTC at $430 and ETH at $8.

Yale is the fund manager of Quasar Fund, chief architect of ioBots trading algorithms, and a firm believer in decentralized finance (DeFi).

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Dr. D

Dr. D’s Ph.D. program was sponsored by Cisco’s research for the next generation of Internet Protocols. Dr. D is a vice president of trading technology in a top Wall Street firm. He has more than 10 years’ experience in High-Frequency Trading and Quantitative Trading platform design. His expertise is mainly in trading platform software/hardware design, trading network design, and trading strategy design and implementation. The trading systems designed by him are running in dozens of stocks and futures exchanges in North America, Europe, and Asia.

Fred Fei

Fred Fei is a System Integration Architect. He is a Senior Staff System Engineer with over 10 years of experience in a multinational telecommunications company in charge of system integration with working experience in China, India, Malaysia.

Advisors

Tal Elyashiv

Tal is a senior executive, serial entrepreneur, and investor. On the corporate side, Tal was a CIO at Bank of America, CIO at Capital One, CTO & Head of New Businesses at 888, and COO at BondDesk. As an entrepreneur, Tal was a founder at Navion, Exactor, Yallo, SPiCE VC, and Securitize with multiple exits under his belt. For over a decade, prior to founding SPiCE VC Tal was an early-stage investor and board member in numerous companies with multiple exists.

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Alexander Borodich

Alexander is a pioneer in the fields of innovation and the blockchain world. He was named “The Most Active Business Angel in Russia” by the Russian Venture Company. He is Chief Dream Officer and Managing Partner of Marketing Communication Agency Future Action, founder of VentureClub.co, the fifth-largest crowd-investing platform in Europe, and founder of Russian Cryptocurrency and an investor in more than 70 projects.

Alexander has a U.S. patent in the estimation of the effectiveness of information spread in social networks.

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Technology Evangelist

A top executive at one of the world's top financial centers, Technology Evangelist with 30 years’ experience delivering large transformation programs in a range of industries from media, to retail and public sector. Worked across a number of large consultancies as an ‘executive geek’, remaining true to his engineering background and striving for simple, innovative disruptive solutions. Over the past 5 years has taken a hands-on interest in the power of blockchain technology working across startups and community projects and now supports a number of funds and private banks with their investment decisions, due diligence, and structuring of large transactions.

Amit Srivastava

Amit is Senior Partner at Cycle Capital and Senior Portfolio Manager at Qingdao High Technology Equity Investment Fund. He has more than 30 years in operational, Venture Capital, cross-border transactions, and fund management in high tech companies. He is also CEO of Entrepia Ventures. Amit holds an MBA from the Wharton School of the University of Pennsylvania.

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