Wintermute
Wintermute

Operating at every level of decentralized finance

Deeply embedded into the ecosystem, we understand DeFi’s infrastructure and improve its on-chain efficiency
Daily DeFi trading volume
DeFi venues integrated
Chains covered
Governance votes
Incubated projects
Latest Wintermute Tx hash
0x8b795b8506ff297d6f6801ec4b4879b0e0dcdf4bb051f47d3f1858471bdcf7ea
0x94491a9b3ed15597d8807447f5f1e0aa874269a66bf2611c470d9e53c010edfe
0x21572dab05a17632233ef6888dbacef149e995a271a70b5bb15e062fc88d46b6

Building solutions for core challenges in DeFi

Wintermute’s unique position defines how we view DeFi’s biggest challenges and where we focus on improving its systems.
Liquidity
MEV
Centralization
DeFi adoption
The diversity of blockchain networks, while largely advantageous, can also divide resources and negatively impact user experience. We actively research and develop innovative solutions to bridge this gap, not only between chains but also between the centralized and decentralized worlds.
The diversity of blockchain networks, while largely advantageous, can also divide resources and negatively impact user experience. We actively research and develop innovative solutions to bridge this gap, not only between chains but also between the centralized and decentralized worlds.

Wintermute chain activity index

Make informed decisions with real-time insights into activity and costs across major chains.
Name
Dominant stablecoin
Sector dominance
Gas cost for staking
Gas cost for swapping
Price impact <$10k trade
Price impact <$100k trade
Price impact <$1M trade
Price impact <$10M trade

Strengthening DeFi trading markets

Wintermute is deeply embedded across the DeFi ecosystem, providing liquidity across all major chains and supporting all types of DEXes
Automated market makers (AMMs)
Keeping pool prices aligned with the market to maintain efficiency
Including on:
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Request for quote (RFQ) platforms
Enabling optimal price execution through P2P liquidity provision
Including on:
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Liquidations
Backstopping bad debt and maintaining protocol stability during market volatility
Including on:
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DEX order books
Providing liquidity across both on-chain and off-chain order books to enhance market efficiency
Including on:
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Launching initiatives

By operating across the entire DeFi ecosystem, Wintermute identifies crucial gaps and incubates solutions that drive DeFi growth.
Rsync
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Rsync
One of the largest block builders on Ethereum, optimizing transaction sequencing to improve network efficiency
Rizzolver
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Rizzolver
Solver handling DEX order flows, ensuring efficient execution and improved liquidity distribution

Latest DeFi research

DeFi Governance Digest: 17 Mar 2025
Governance Digest
DeFi Governance Digest: 17 Mar 2025
17 Mar 2025
DeFi Governance Digest: 10 Mar 2025
Governance Digest
DeFi Governance Digest: 10 Mar 2025
10 Mar 2025
Why Protocols Could Benefit From Owning Their AMM Curve
DeFi Research
Why Protocols Could Benefit From Owning Their AMM Curve
19 Jun 2024
SUAVE, Reimagining the Transaction Supply Chain
DeFi Research
SUAVE, Reimagining the Transaction Supply Chain
9 May 2024
oSnap: A case for off-chain governance?
DeFi Research
oSnap: A case for off-chain governance?
19 Dec 2023
To ‘ve’ or not to ‘ve’ – What are veTokens?
DeFi Research
To ‘ve’ or not to ‘ve’ – What are veTokens?
3 Nov 2023
The Landscape of On-chain ETFs
DeFi Research
The Landscape of On-chain ETFs
19 Oct 2023
Understanding Aave Governance V2: the decision system behind the scenes
DeFi Research
Understanding Aave Governance V2: the decision system behind the scenes
23 Aug 2023

Discover more

Governance
Stay up to date with DAO governance, proposals, and votes in DeFi
Events
Meet us at the next DeFi event and explore avenues of collaboration together
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