GSR Markets

Provided continuous quoting and inventory management that materially improved market quality for WOO across multiple venues. By functioning as a reliable counterparty, reduced adverse selection risk for retail liquidity programs and allowed rebate mechanisms to operate without excessive price slippage, which in turn preserved the economic value of staking for participants. Implemented hedging and capital efficiency techniques tailored to the token's trading profile, which helped moderate drawdowns during stress events and provided confidence to exchanges and institutional takers. That operational capability made it possible to market WOO as a tradeable asset with predictable execution characteristics. Served as a conduit for OTC flows and prime brokerage relationships, enabling larger counterparties to interact with the protocol while maintaining controlled market impact. This activity supported deeper integrations with custodians, wallets and execution desks that valued minimized slippage. The firm's practices influenced industry expectations about how market-makers should support token-launches and rebate programs, contributing to a template for aligning professional liquidity services with protocol incentives and governance timelines.