Since the dawn of time,

mankind has struggled with risk

We offer high performance, open access risk-adjusted products and services. We are dedicated to distributed, decentralized technology.

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Introducing the best way
to allocate to crypto

Typical indices are
market cap weighted

What if you could allocate
by risk-adjusted returns?

This is
Risk Adjusted Coin (RAC)

Always on the frontier,
dramatically outperforming

Outperforming Since Inception

Outperforming BTC by N/A and ETH by N/A

Fully Liquid, At All Times

RAC can be redeemed at any time. Auditable on-chain.

Powered by Math

An innovative, institutional-grade, quant model proposes allocations.

Governed by People

RAC holders have the final say for any new allocation.

Institutional-Grade Security

AI validation on every contract call.

Stack RAC →Fact Sheet

Live Performance

RAC vs BTC

Our services

Institutional Grade
Risk Services

We conduct detailed, mathematically sound, risk analysis and offer bespoke management services. View work samples below.

Published Research

Path Dependence in
AMM-Based Markets

Keroshan Pillay · Adjusted Finance

Mathematically proves that the order of operations in constant-product AMMs produces divergent outcomes — the sequence of trades and liquidity events determines the final pool state. Empirically validated across Uniswap v3.

Delphi Research Finalist Read Paper →

Client Research

Time-Variant AMMs
(TVAMMs)

Adjusted Finance · Pike Finance

Introduces a third DEX category where the protocol dynamically manages time-aware parameters while LPs remain passive. Backtested across four high-TVL pools with a +392 bps utility uplift versus static baselines, with stable risk and no change in impermanent loss.

Read Paper →