Inside a DeFi Hedge Fund: Risk Management in a 24/7 Market ft. Evgeny Gokhberg

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Feb 12, 2026

Evgeny Gokhberg, founder of Re7 Capital and a DeFi hedge fund manager, explains market-neutral yield strategies and treating crypto as liquid venture investing. He discusses smart-contract risk scoring, multi-layered diversification across chains, hedging techniques, and how sizing and patience manage drawdowns. They also debate whether recent sell-offs are liquidity-driven or a broken cycle.

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ANECDOTE

From London Banks To DeFi Founder

Evgeny started in TradFi, discovered Ethereum meetups in 2014–2015, then joined a blockchain startup before launching RE7.
He transitioned from banking to founding a DeFi hedge fund after realizing software could rebuild financial plumbing.

ANECDOTE

Company Name From A Chess Finale

Evgeny named RE7 Capital after the chess move Rook2E7 from a world champion's final game.
The name symbolized his leap from banking to launching a risky DeFi firm.

INSIGHT

Capital Is Scarce Relative To Many New Protocols

DeFi demand for capital remains high because platform count grew while total TVL stagnated since 2021.
Low barriers to launch protocols increase supply of platforms but not liquidity providers, favoring skilled allocators.

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🔥 *Download Raoul Pal's 4-year investing roadmap for free:* https://rvtv.io/41fVHWF Raoul Pal welcomes Evgeny Gokhberg, founder of the DeFi hedge fund Re7Capital, to discuss building a market-neutral yield strategy that earns double-digit returns by managing smart contract risk, diversifying across platforms and chains, and treating crypto as liquid venture investing. They also debate whether the current crypto drawdown is a broken cycle or a liquidity-driven, mid-cycle correction, concluding that fundamentals remain strong despite extreme price volatility. Recorded on February 4, 2026. 👉 Abra provides custody, trading, yield and BTC-backed loan products for digital assets for HNW and corporate clients. Abra provides full service treasury management for digital asset treasuries and corporations. Buy and hold digital assets in segregated accounts with multi-sig security. Visit https://www.realvision.com/abra to learn more.

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