How Dehedge is aiming to de-risk crypto, Taras Yakovenko

By @SimonCocking interview with Taras Yakovenko, Advisor, DeHedge

What is your background briefly?

I have more than 15 years of experience in banking and investment. Was engaged in management of credit and counterparty risk in Corporate & Investment Banking and Global Markets in large commercial and investment banks, including MDM Bank, Troika Dialog and Sberbank CIB.

Does it seem like a logical background to what you do now?

I’m happy to bring all my expertise in Business Management & Development and Risk Management areas to make sure that market, counterparty and operational risks inherent to the DeHedge business model are properly addressed.

1 min pitch for what you are doing now?

New Product Development is another key focus – it’s crucial to build a robust infrastructure (including trading facilities, quantitative modeling & analysis, investment research, risk approval & controls) capable of providing DHT holders with top notch solutions suitable for both seasoned and unsophisticated crypto market investors. Nearly 50% of my time is devoted to these specific issues, while 50% of my attention is paid to the project’s long-term value (debating DeHedge strategy, business model, etc).

Why did you get involved with this ICO?

Having worked in the Russian investment-banking industry for more than 15 years, I felt I was missing an opportunity to gain an insight into the latest trends in fintech amidst the booming global interest in blockchain-driven products and business models. When I was introduced to the DeHedge co-founders through a former colleague and an old friend of mine, Dmitry Ansimov, I was really impressed with the innovative idea of a smart-contract-based decentralized hedging solution. On top of that, the project was run by a team of seasoned professionals led by Skolkovo alumni. The latter became a key factor in my decision to join DeHedge as an Advisor.

Why do you think it is such a powerful idea?

Being a two-in-one product, DHT combines a stable coin (backed by BTC-denominated reserves it will partially mirror bitcoin market patterns including low correlation vs traditional asset classes) and an innovative and flexible hedging solution (smart-contract-based put options backed by DeHedge Reserve Fund). Moreover, the team is seeking to build a scalable business model and to maximize ROI by developing a number of alternative revenue-generating products and services available not only for token holders.

How can people find out more about

Follow @De_Hedge on twitter and @DeHedge on Facebook for daily updates and visit our website DeHedge.com to learn more about the project. For more info on myself and the projects I’m working on, follow me here.

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