The post Evegny Gokhberg: Market neutral DeFi strategies are essential for volatility, why diversification isn’t enough to manage risks, and the future of capital in DeFi appeared on BitcoinEthereumNews.com.

Evegny Gokhberg: Market neutral DeFi strategies are essential for volatility, why diversification isn’t enough to manage risks, and the future of capital in DeFi | Raoul Pal Market neutral DeFi yield strategies aim to earn yield without being affected by price direction. Building a business on a market neutral foundation is crucial due to crypto’s inherent volatility. In the early days of DeFi, stablecoins could yield significantly high returns. Key Takeaways Market neutral DeFi yield strategies aim to earn yield without being affected by price direction. Building a business on a market neutral foundation is crucial due to crypto’s inherent volatility. In the early days of DeFi, stablecoins could yield significantly high returns. The unique risk-return profile in crypto is based on software platform hacks, uncorrelated with traditional assets. Diversification in DeFi is insufficient alone to effectively manage risks. DeFi risk is likened to selling a put option, earning returns until a catastrophic event. A framework can categorize blockchain attack vectors to assess risk and diversify investments. DeFi’s annual default rate has decreased from double digits to 2-5%. Engaging with DeFi platforms requires understanding the primary risk of loss from hacks. The DeFi market remains structurally starved of capital despite new platforms. Supply and demand dynamics in DeFi will continue to favor allocators. On-chain trading strategies’ returns vary significantly with market conditions. Diversification is key in managing risk in on-chain trading strategies. Holding assets is preferable if they remain structurally sound and communication with the team is strong. The philosophy of diversification is crucial in the uncertain DeFi landscape. Guest intro Evgeny Gokhberg is the founder and managing partner of Re7 Capital, a DeFi hedge fund specializing in market-neutral yield strategies and on-chain risk management. He previously worked in investment management at UBS and Deutsche Bank, managing equity long/short portfolios,…

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Filed under: News - @ February 16, 2026 11:24 pm