#154 Capital
tread.fi
Algorithmic crypto trading terminal and OEMS by ex-Morgan Stanley quants that automates Polymarket market making with bid/ask spread bots and reward optimization.
$ 161.5k 1m volume
Quick facts
- Founded
- 2022
- Team
- 1-10
- Funding
- Pre-seed · $3.5M raised
- New Form Capital (lead), Aquanow, Varys Capital, GBV Capital
- Pricing
- Fixed annual licensing fee (not volume-based)
- Chains
- Ethereum · Solana · Arbitrum · Polygon
- Venues
- Polymarket · Centralized exchanges · Perpetual DEXes · On-chain swaps
Stats across DAY · WEEK · MONTH · ALL
From the Polymarket public data API. Updated daily.
Today · 24h
#87
$534
2 active users
This week · 7d
#85
$3.4k
7 active users
This month · 30d
#89
$80.5k
26 active users
All-time · all
#154
$161.5k
60 active users
builderCode
The 32-byte hash Polymarket uses to attribute volume to this builder on-chain.
0x29e9402c61e9c0ebe28f62cbdee19aba4a752f2a7b6e0553f1fdd0d9733bbd2d What is tread.fi?
tread.fi is a Trading Tool built as an algorithmic crypto trading terminal and OEMS for retail and pro traders, with a dedicated Polymarket market-making integration that automates two-sided quoting, spread management, rebalancing and stop-loss/take-profit on Yes/No outcome shares. Its market-making bot lets users place buy and sell limit orders simultaneously around the midpoint to capture Polymarket's daily market-maker rewards, with 50/50 USDC + outcome-share collateral splits. Tread wallet is built on Magic and supports Ethereum, Solana, Arbitrum and Polygon. Founded in 2022 in New York by David Jeong, a former Morgan Stanley VP of quantitative research, tread.fi raised a $3.5M pre-seed in 2024 led by New Form Capital with Aquanow, Varys Capital, GBV Capital and Thanefield Capital. On Polymarket's leaderboard tread.fi sits #89 monthly at about $80.5k routed across 26 users.
tread.fi is a crypto trading terminal and OEMS (Order and Execution Management System) for retail and pro traders that automates execution across centralized exchanges, perpetual DEXes and on-chain swaps. Its Polymarket integration adds prediction markets as a first-class venue, with a market-making bot that places simultaneous buy and sell limit orders on a chosen outcome (Yes or No) and automates spread management, rebalancing, participation rate, and stop-loss / take-profit controls.
Market making on Polymarket through tread.fi targets Polymarket's daily reward program — the platform pays rewards to market makers whose orders stay close to the midpoint. The bot tracks midpoint distance and adjusts to maximize reward share, requiring 50% USDC collateral and 50% outcome-share collateral.
Tread's wallet infrastructure is built on Magic and supports Ethereum, Solana, Arbitrum and Polygon. The terminal advertises 49,900+ orders per day across 6,700+ trading pairs and offers a REST API with self-deployment options, including "soulbound" on-chain trading data for zero-knowledge proofs (vCeFi). Clients include buy-side hedge funds, market-makers, OTC desks and brokers.
tread.fi was founded in 2022 and is headquartered in New York. The founder is David Jeong, a former Vice President of Quantitative Research at Morgan Stanley. In 2024 the company closed a $3.5M pre-seed led by New Form Capital with participation from Aquanow, Varys Capital, GBV Capital and Thanefield Capital, structured as rolling SAFEs with a token side letter. On Polymarket: #89 monthly with $80.5k routed across 26 users and #154 all-time at $161.5k cumulative across 60 users.
Key features
- Polymarket market-making bot with two-sided quoting
- Automated spread, rebalancing, stop-loss / take-profit
- Magic-based wallet across ETH / SOL / ARB / Polygon
- OEMS with smart order routing across CEXs / perp DEXes / on-chain swaps
- REST API and self-host option
- vCeFi: soulbound on-chain trading data for zero-knowledge proofs
Founders & team
- David JeongFounder
Former Vice President of Quantitative Research at Morgan Stanley.
Funding & investors
- Stage
- Pre-seed
- Total raised
- $3,500,000
- Investors
- New Form Capital (lead), Aquanow, Varys Capital, GBV Capital, Thanefield Capital
- Announcement
- https://www.theblock.co/post/304594/tread-fi-crypto-trading-funding-ex-morgan-stanley-vp
What others have written about tread.fi
Rank + volume over time
Daily snapshots from our scraper. Charts populate as history accumulates.
All-time rank
Lower is better. Inverted Y-axis.
All-time volume
Cumulative routed volume in USD.
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How to verify tread.fi
- On-chain attribution — every Polymarket Builder routes via an order that includes their
builderCode. The hash above is checkable on Polygon against Polymarket's CTF Exchange. - Polymarket's own verification — $tread.fi carries the official ✓ verified flag in the data API.
- Cross-check Polybot Arena — polybot.arena tracks wallet-level P&L for builder-tagged bots. If a builder claims specific performance, their wallet should be findable there.
- Tier-2 patterns to avoid — we flag builders that match the Tier-2 pattern (no public team, no verifiable claims, recurs across affiliate-SEO listicles). See our /methodology page for the full criteria.
About tread.fi 08 answers
FAQ
01 What is tread.fi?
tread.fi is a Trading Tool built as an algorithmic crypto trading terminal and OEMS for retail and pro traders, with a dedicated Polymarket market-making integration that automates two-sided quoting, spread management, rebalancing and stop-loss/take-profit on Yes/No outcome shares. Its market-making bot lets users place buy and sell limit orders simultaneously around the midpoint to capture Polymarket's daily market-maker rewards, with 50/50 USDC + outcome-share collateral splits. Tread wallet is built on Magic and supports Ethereum, Solana, Arbitrum and Polygon. Founded in 2022 in New York by David Jeong, a former Morgan Stanley VP of quantitative research, tread.fi raised a $3.5M pre-seed in 2024 led by New Form Capital with Aquanow, Varys Capital, GBV Capital and Thanefield Capital. On Polymarket's leaderboard tread.fi sits #89 monthly at about $80.5k routed across 26 users.
02 What is the official website of tread.fi?
tread.fi's official site is https://www.tread.fi/. We verified the URL by visiting the homepage and confirming it references Polymarket or prediction markets directly. If you believe this URL is incorrect, email [email protected].
03 Is tread.fi verified by Polymarket?
Yes — tread.fi carries Polymarket's official ✓ verified flag (returned by their data API as `verified: true`). This indicates Polymarket has reviewed the builder; it's not a guarantee of product quality or financial outcomes.
04 Who founded tread.fi?
David Jeong (Founder). Sourced from the project's own materials and public profiles; we don't fabricate team identities and clearly mark builders whose team is publicly anonymous.
05 Has tread.fi raised funding?
Pre-seed; $3.5M raised; investors include New Form Capital (lead), Aquanow, Varys Capital. Announcement: https://www.theblock.co/post/304594/tread-fi-crypto-trading-funding-ex-morgan-stanley-vp.
06 How much does tread.fi cost?
pricing model: Fixed annual licensing fee (not volume-based); Self-deploy / hosted options; specific licensing price not publicly listed.. Sourced from the official site at the time of research; verify the current pricing on the builder's website before subscribing.
07 What are tread.fi's key features?
Polymarket market-making bot with two-sided quoting; Automated spread, rebalancing, stop-loss / take-profit; Magic-based wallet across ETH / SOL / ARB / Polygon; OEMS with smart order routing across CEXs / perp DEXes / on-chain swaps; REST API and self-host option; vCeFi: soulbound on-chain trading data for zero-knowledge proofs. Sourced from the official site/homepage at the time of research.
08 How does tread.fi compare to similar builders?
tread.fi is ranked #154 all-time, with similar-category peers including ZEIT Finance, Amplifi, polyoptionz. The leaderboard reorders daily — see the history chart for tread.fi's rank trajectory.