An article to understand the positions of DeFi giant whales and investment institutions: V God loves Ethereum, Sun Yuchen’s daily income is nearly 5 million?

Giant whales and institutions have always been two important forces affecting Crypto. How much "money" their on-chain addresses have has always aroused everyone's curiosity. At the same time, the on-chain behavior of these addresses can sometimes be very helpful for ordinary users to make investment decisions. Unlike traditional funds that do not disclose their holdings until a quarter, blockchain addresses are open and transparent, which allows us to check the holdings of these giant whales and institutions at any time.

On September 15th, @mcasto_ broke the news on Twitter that ParaFi Capital, a blockchain investment institution, "buied the bottom" of PERP and DYDX, costing more than $4.5 million. Following the clues, the three wallet addresses of ParaFi Capital were also exposed.

ParaFi Capital was founded in 2018 by Benjamin Forman, a former employee of private equity giant KKR, and is headquartered in San Francisco. ParaFi Capital is extremely low-key, the official website only has a simple text introduction, and does not even disclose any portfolio.

However, this institution has always been active in the media’s attention, investing in more than 40 projects including Maker, Uniswap, Kyber Network, The Graph, AAVE, Lido Finance, Synthetix, 1inch, Zapper, etc., covering DEX, lending , derivatives, asset management, infrastructure and other tracks. At the end of 2019, the assets under management of ParaFi Capital were approximately US$25 million. At the end of 2020, it has exceeded 100 million US dollars.

Through the asset management tool on the chain, we can clearly see the assets held on the ParaFi Capital chain, the current total value exceeds 70 million US dollars.

Further, we can also see the assets in these wallets and the history of past transactions.

Affected by the Evergrande crisis and the news from the Federal Reserve, the Crypto market has been turbulent recently, and the voice of "the bear market is coming" reappeared. Have institutions and crypto whales run away?

Looking at the trading records of ParaFi Capital in the last half month, except for the short-term participation in AGLD speculation and the sale of 1.94 million AAVE on the 18th, there is almost no obvious reduction in holdings. Moreover, ParaFi Capital is particularly fond of DYDX. It has initiated at least 8 purchases since the 14th, and has continued to increase its stake in the falling market in recent days. The cumulative number of DYDX purchases exceeds 600,000, and the funds used are nearly 7.7 million US dollars. Currently, these DYDXs are worth about $8.3 million in total.

Using professional on-chain analysis tools such as nansen, combined with social tools and news information from professional blockchain media, we can cross-locate the wallet addresses of institutions and giant whales. Below are the wallet addresses of some institutions and well-known figures.

1

V God: Love Ethereum

The total assets of V God's 3 public wallet addresses are about 960 million US dollars, mainly ETH assets. V God Wallet received 50% of SHIB (Shiba Inucoin) in August 2020. In May of this year, the value of these tokens was close to 10 billion US dollars. V God then burned most of these tokens, and the remaining approximately US$1 billion was donated to the Indian Encryption Anti-epidemic Foundation.

In addition, assets worth $1 million were used by Vitalik to provide liquidity on uniswap, avalanche ecological projects Pangolin, ELK, and BSC ecological project Pancakeswap.

2

Justin Sun: Daily income of nearly 5 million

Sun Yuchen's net assets are as high as 4.8 billion U.S. dollars. Total assets exceed $7 billion, with $3 billion in loans from Compound and Liquidity. From the top 10 holdings, it can be seen that Justin Sun does not seem to be optimistic about the market outlook, holding more than 4.5 billion US dollars in USDC, TUSD, USDT, DAI, BUSD and other stable currency assets, while the total assets of BTC and ETH are only 2.5 billion US dollars.

More than 7 billion US dollars were allocated by Justin Sun to "farm" on Aave, TrueFi, Ellipsis, Liquity, Compound, Pancakeswap, Alpaca Finance, Curve, Wault, and Sushiswap, generating more than 700,000 US dollars (about 4.6 million yuan) in daily income.

3

Alameda

Alameda Research is a world-renowned crypto market maker and an investment institution. It is known as the DeFi gang, and the boss behind it is SBF, the founder of FTX. Alameda Research's investment landscape includes Solana, SushiSwap, Lido, Arbitrum and other star projects. Some DeFi players like to find projects from the Alameda Research portfolio that have not yet been listed on Coinbase or Binance as investment observation objects.

Alameda Research is a ruthless money-making machine. It can disregard the market situation and promote Solana to the sky, and it can also turn its back and sell Reef Finance.

According to the two wallet addresses marked by Nansen, the total assets of Alameda Research are about 700 million US dollars. Among them, the stable currency assets are 330 million US dollars, and the total value of BTC and ETH is 180 million US dollars.

Three Arrows Capital

4

Three Arrows Capital

Three Arrows Capital is also a ruthless character. Shortly after the news that 0xMaki resigned from the leadership position of SushiSwap was released, Three Arrows Capital quickly liquidated SUSHI worth about 29 million US dollars. Looking back, the timing of the liquidation at that time was very delicate, and it perfectly avoided the sharp drop over the weekend.

5

a16Z

The total assets of the A16Z wallet are nearly 30 million, almost all of which are contributed by MKR. Transaction records show that the frequency of operations on this address is very low.

From the Internet to the blockchain, A16Z has played a leading role in almost every era of change. The Facebook, Twitter, Groupon, Skype and other companies it invested in have already grown into super giants, and these Crypto star projects such as Coinbase, DYDX, Solana, OpenSea are full of dominance, and are likely to become trillions in the next era platform. Just like the classic phrase "software is swallowing the whole world", the founder of A16Z Anderson, crypto will also swallow the whole world. On June 24 this year, a16z raised another US$2.2 billion fund, becoming the largest crypto venture capital institution under management.

6

Arca

Arca has not publicly disclosed many investment cases, but during last year's DeFi Summer wave, Arca Chief Investment Officer Jeff Dorman's tweets about the undervaluation of sushi showed the precise vision of the investment institution. Arca used to hold 7.5% of SUSHI supply, all purchased on the open market. At present, Arca still holds 3.2 million SUSHI, with a total value of nearly 32 million US dollars.

7

CMS

CMS is also very active. In the past month, it has participated in the investment of projects such as the Avalanche Foundation, the on-chain derivatives platform dTrade, the Solana-based development ecosystem SolRazr, the AMM protocol Cyclos, and the algorithmic stablecoin protocol UXD Protocol.

The main asset of the CMS wallet is DYDX, with nearly 18 million and a total value of 22 million US dollars.

8

Multicoin Capital

Founded in 2017, Multicoin Capital is a theory-driven crypto fund. Last week, Multicoin Capital re-thought the value capture ability of DeFi tokens in "DeFi protocols do not capture value, and risk-managed tokens are more valuable".

This article is from The Way of Defi, reproduced with authorization.

This article is from The Way of Defi, reproduced with authorization.