Lihong Wang details his progression from internships at Jane Street and Akuna Capital to his former full time role at IMC Trading, with plans to innovate in DeFi through his startup Freeport backed by  Y Combinator. Lihong is a Duke University graduate with a background in mathematics and statistics. Lihong progressed from analyzing volatility decay at Jane Street to managing semi-systematic options books at IMC Trading. Lihong developed Freeport to simplify DeFi investing for self-custody users. In this episode, Lihong Wang discusses:◽️ Overcoming quant entry challenges shaped his career◽️ Mastering trading styles enhanced market adaptability◽️ Transitioning to entrepreneurship drove Freeport’s creation◽️ AI’s role boosted trading research efficiency◽️ Staking yields highlight DeFi’s potential for accessibility-⏱ Timestamps00:00 Intro00:32 Quant interest: Math roots to Duke exposure02:04 GameStop experience: Early retail trading03:36 Market efficiency: Retail vs. quant perspectives07:38 Quant compensation: Options and AI trends09:08 Retail investing: Long-term vs. day trading11:30 Jane Street culture: Secrecy and operations13:00 IMC vs. Jane Street: Work dynamics14:13 AI’s trading impact: Automation and signals15:21 Leaving quant: Seeking fulfillment17:51 Freeport concept: DeFi simplification21:16 Startup timing: Co-founder alignment24:44 Staking mechanics: Proof-of-stake details27:54 Ethereum staking: Pool risks and rewards30:01 Staking incentives: Network validation31:50 Lending vs. staking: Platform differences33:00 Centralized cuts: Coinbase’s approach36:17 YC backing: Trust-building in DeFi39:00 Team strength: Finance and tech synergy40:38 Regulatory window: Startup opportunity42:25 Early users: Test phase progress43:55 Crypto thesis: Long-term potential46:44 Blockchain rails: Future finance48:17 Investment advice: Top tokens49:19 Target users: Retail and institutions50:44 Safety measures: Protocol due diligence53:48 Crypto bans: Technological resilience55:14 Growth challenge: Product completion57:29 Competitive edge: User retention59:26 Learning crypto: Exchange resources1:01:28 Portfolio strategy: Big vs. small tokens1:02:15 Untapped topic: DeFi trading edges1:04:12 Liquidity provision: Retail vaults1:05:15 Legacy goal: Impactful innovation1:06:38 Next steps: Launch and growth1:07:39 Outro-📌 ResourcesLihong Wang:◽️ LinkedIn: https://www.linkedin.com/in/lihong062/Harvey Bracken-Smith:◽️ LinkedIn: linkedin.com/in/harveybracken-smith◽️ Instagram: instagram.com/harveybsmith◽️ X (Twitter): x.com/harveybsmith_Personable Podcast:◽️ Instagram: instagram.com/personable.podcast◽️ LinkedIn: linkedin.com/company/personablepodcast◽️ TikTok: tiktok.com/@personableclips◽️ Spotify: open.spotify.com/show/7JOTYDER6m2FDrlhop4api◽️ Apple Podcasts: podcasts.apple.com/us/podcast/personable/id1671640111Additional:◽️ The Draft (Sign up): thedraft.io◽️ Fundraising: justgiving.com/crowdfunding/LouLouRacefoiundation?utm_term=PvByaxmdnPersonable is a podcast dedicated to helping listeners become the best they can be by learning from the world’s best in their respective fields. This mission is inspired by my mother, Louise, who encouraged me to become the best version of myself before she passed away from cancer in 2023.This content is for informational and entertainment purposes only and is not financial advice. Always consult a qualified financial advisor before making investment decisions. Investing involves risks, and past performance is not indicative of future results.Support the show

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