"Manifold Founder: The Key to Quantitative Trading is Not Just Finding Alpha, But Choosing the Right Table" (by Jae Chung, translated by Deep Tide TechFlow). Manifold founder Jae Chung recounts the team's journey from zero experience into quantitative trading, pointing out that early breakthroughs didn't come from direct competition with giants like Jump and Tower on centralized exchanges, but rather from turning to the then less efficient and less competitive DeFi market, establishing an advantage through CEX-DEX arbitrage. The article further breaks down the iterative path of gas optimization, on-chain execution, capital allocation, and Aave margin, emphasizing that alpha diminishes rapidly with competition, and sustained profitability depends on choosing the right market, rapid feedback, and continuous improvement in execution efficiency. Read the full article: https://www.(wublock123.com)/articles/article-59780