TechFlow news, cryptocurrency market maker Wintermute conducted over $250 million in UST-LUNA arbitrage trades during the Terra collapse, limiting each transaction to a maximum of $5 million to prevent significant losses, ultimately generating tens of millions of dollars in profit.
According to previous reports, Wintermute generated $225 million in revenue during the first nine months of 2022, compared to $1 billion in full-year revenue and $582 million in net profit in 2021. Wintermute CEO Evgeny Gaevoy stated that the firm holds $400 million in equity and $720 million in assets. Of the $400 million equity, $350 million consists of stablecoins (primarily USDC) and cash, while the remaining $50 million is mostly venture investments.
In 2021, Wintermute achieved $1.5 trillion in trading volume. Some employees received annual bonuses in the millions of dollars. The company paid $35 million in dividends to shareholders, with Gaevoy receiving $12 million in dividends last year due to his 33% ownership stake. Original link
