Inside a DeFi Hedge Fund: Risk Management in a 24/7 Market

Video Description

🔥 *Download Raoul Pal's 4-year investing roadmap for free:* https://rvtv.io/41fVHWF Raoul Pal welcomes Evgeny Gokhberg, founder of the DeFi hedge fund Re7Capital, to discuss building a market-neutral yield strategy that earns double-digit returns by managing smart contract risk, diversifying across platforms and chains, and treating crypto as liquid venture investing. They also debate whether the current crypto drawdown is a broken cycle or a liquidity-driven, mid-cycle correction, concluding that fundamentals remain strong despite extreme price volatility. Recorded on February 4, 2026. 📣 This episode comes to you thanks to Figure Markets. Use Figure’s Democratized Prime and enter to win $25k USDC while earning ~9% APY. The more you participate, the better your odds! Start now and enter to win while earning money on your crypto with Democratized Prime. Enter here 👉 https://democratizedprime.pxf.io/c/6873097/3755092/37696 👉 Abra provides custody, trading, yield, and BTC-backed loan products for digital assets for HNW and corporate clients. Abra provides full-service treasury management for digital asset treasuries and corporations. Buy and hold digital assets in segregated accounts with multi-sig security. Visit https://www.realvision.com/abra to learn more. Timestamps: 00:00 Intro 03:20 Evgeny’s background: TradFi → DeFi, founding RE7 Capital 07:51 Market-neutral DeFi yield: “get paid to take software risk” 11:19 DeFi risk framework: scoring hacks like credit defaults 14:58 How the strategy actually earns: hedged yield + cash & carry 18:18 Why big institutions haven’t “crushed” DeFi yields (yet) 20:31 Return profile: bull vs “normal” vs crisis regimes 23:23 Strategy #2: liquid venture / altcoin fund + “cleansing” thesis 27:42 How they pick alts: top-down cycle + onchain fundamentals 31:11 Patience is more than trading: capturing the cycle’s “10 best days” 35:29 Feb 4 market chaos: zoom out + critical levels + sellers? 44:40 The real driver: US liquidity + gold siphoning attention 51:59 Risk tolerance + staying in majors vs going out the curve 59:01 Cycle check: brutal correction, not “broken”… yet 1:02:04 Closing: mindset, risk tolerance, and staying the course Unlock the potential to showcase your brand to our global audience. Contact us at [email protected] for advertising inquiries. 🍌 Get your Banana Zone swag at the Real Vision merch store: https://shop.realvision.com Connect with me: Twitter (X): https://twitter.com/RaoulGMI Instagram: https://www.instagram.com/raoulgmi/ LinkedIn: https://www.linkedin.com/in/raoul-pal-real-vision/ My other work: Real Vision: https://rvtv.io/3LHYIaH Global Macro Investor: https://globalmacroinvestor.com The Exponentialist: https://realvision.com/thefuture EXPAAM: https://expaam.com Connect with Real Vision™: Twitter: https://rvtv.io/twitter Instagram: https://rvtv.io/instagram Get a FREE membership: https://rvtv.io/3Y4t5Pw Disclaimer: https://media.realvision.com/wp/20231004185303/Disclaimer-1.pdf #raoulpal #crypto #macro #macroeconomics #cryptocurrency #cryptonews #blockchain #web3 #nft #nfts #btc #eth #btcnews #bitcoin #bitcoinnews #bitcointoday #cryptotrading #cryptoinsights #cryptotips #cryptoinsights #macroinsights #realvision #solana #sol #solanasol #altcoins #bitcoinnews #btctoday #btcnews #sui #suicrypto #ethnews