YF

Yenwen Feng

Co-Founder at Perpetual Protocol
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Yenwen cofounded Perpetual Protocol (Decentralized Perpetual Contract Protocol), Decore (Stripe Atlas for Crypto Companies), Cinch Network (Decentralized Derivatives), Cubie Messenger (Mobile Messenger, 500 Startups B5, 10M downloads), Gamelet, and Willmobile (Top mobile financial service app in Taiwan, acquired by Systex) since 2004.

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  • They’re usually companies hired by an exchange to place buy and sell orders in an order book so other traders can trade on it. Generally speaking, market makers use their proprietary algorithms to place their orders so that they can make a market while minimising the risks of losing money.