The Secret to Uncorrelated Alpha in Crypto - Leigh Drogen on Starkiller Capital’s Sharpe Ratio of 4

Podcast: Odds on Open · Ethan Kho

Opublikowano: 2026-05-24

Apply to Onyx’s Junior Tech Graduate Scheme here: https://verichain.io/apply/0aa1debe-ac6c-452f-9421-da6cbf4a3e8cLeigh Drogen, CIO of Starkiller Capital, joins the podcast to dissect the mechanics of a market neutral DeFi strategy currently operating at a 4 Sharpe ratio. We move past surface-level crypto narratives to analyze the quantitative scoring of protocol risk, code provenance, and the identification of incentivized spreads in carry trades. Drogen outlines a rigorous framework for position sizing based on a 1% max-loss rule and explains how Starkiller modulates risk across market regimes to extract uncorrelated alpha while avoiding th...