230: ETH Mining Experiment; Gateway to Full-Scale BTC Basis Trading w/ Oliver Chalk

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It was early-2017, Oliver was nearing the end of his high school years, when he had discovered Ethereum—or more accurately, the self-described ‘tech head’ had strapped 6x GPU’s to a motherboard for the purpose of mining Ethereum.

Although the mining rig was only a mild success, it did plant the seed for what would become Proxima Capital—the crypto-focused trading firm Oliver co-founded in 2019, that almost exclusively dedicates its resources and capital to market-neutral strategies.

Topics & Timestamps:

Please note: Exact times will vary depending on current ads.

  • 01:44 – Discovering Ethereum, GPU mining rig.
  • 10:40 – First arbitrage program, writing a decentralized exchange.
  • 20:30 – Starting Proxima, a play on scale, DeFi tax headaches.
  • 34:10 – The Bitcoin basis trade, exploiting a structural edge.

Oliver Chalk: Co-founder of Proxima Capital.

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