
Why are so many Web3 projects with massive treasuries not doing active treasury management?
That’s the question we explore in this episode with Bo Zhang, COO at Function: a project building the rails that allow Bitcoin to actually function: liquid, composable, and yield-generating.
Together with Bo, we dive deep into the intersection of institutional trading & token management, treasury management, and working with market makers.
Bo is also one of the instructors of our upcoming course: the Crypto Treasury Management Academy launching October 29th, designed to help web3 finance professionals learn how to optimize, allocate, and protect their organization’s crypto treasury.
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Topics covered
(0:00) Coming Up
(2:44) Background in web3
(6:02) Stress testing DeFi protocols
(11:25) Treasury management for web3 projects
(14:41) Active treasury management
(17:36) Get 2 months for free with Request Finance
(19:16) Working with market makers
(22:54) Crypto hedging basics
(26:27) Outsourcing crypto hedging
(28:19) Do web3 organizations use derivatives
(29:24) Evolution of Bitcoin DeFi
(35:56) About Function & FBTC
(37:30) Lessons from Ren Protocol
(42:14) Function’s vision & RWAs
(45:32) Guiding principles for web3 treasuries
(48:36) Reach out to Bo Zhang