New episode of @Archive_Pod with @EvgenyGaevoy, CEO of @wintermute_t. We discussed Wintermute's journey since 2017, how market-making has evolved, and how Evgeny's upbringing has shaped his philosophy. Wintermute is a unique company within crypto and Evgeny is a thoughtful guest, so I hope you'll enjoy this one. (0:00) Intro (1:07) What is Wintermute (4:14) Evgeny's upbringing (15:59) Joining Optiver and learning market making (26:28) Leaving Optiver, moving to London, and discovering crypto (36:00) Starting Wintermute and raising from VCs (41:17) Getting into DeFi before it was obvious (53:53) How Wintermute avoids bureaucracy and operated like a tech company (1:03:33) The Golden Path for crypto (1:23:01) What bad market making behaviour actually looks like (1:35:33) Evgeny's thoughts on Hyperliquid (1:39:09) Wintermute's next chapters, and building beyond market making (1:51:57) DND, Warhammer, and grand strategy games —-