Farr Out
Holdings

An Income Focused Digital Asset Firm

01 - The Problem

The biggest opportunities in crypto are
hard to access

Bitcoin Is Easy. The Rest Isn't.

Buying BTC through an ETF or Coinbase is mainstream now. But the highest-yield opportunities in crypto require deep, native knowledge that most investors don't have.

The UI Is Still Painful

Decentralized exchanges, liquidity pools, and DeFi protocols are powerful but intimidating. The interfaces are built for developers, not investors.

Income Strategies Are Invisible

Billions in trading fees are generated every day on crypto exchanges. Most of that income goes to a small number of crypto-native operators who know how to capture it.

The result: most investors are locked out of the majority of crypto's growth and income opportunities, even as the market matures around them.
02 - Our Solution

We've built the expertise and infrastructure to reach them all

A new firm. Nine years of crypto-native experience at the helm.

Native Access
Deep in DeFi since 2017. We operate where others can't.
Proprietary Systems
Custom tools for fee capture, position management, and risk control.
Income First
We earn fees while others speculate. Direction-neutral by design.
24/7 Execution
Crypto never sleeps. Neither do our systems.
03 - Why Now

Crypto is a massive and growing opportunity

Institutional Adoption

BlackRock, Fidelity, and others have funneled $100B+ into crypto. Goldman Sachs holds $2.4B in crypto ETFs. As institutional capital enters, trading volumes and fee pools grow.

Infrastructure Era

Stablecoins crossed $200B+ in circulation. JPMorgan, Goldman Sachs, and the NYSE are building settlement layers on blockchain. Trading volume is becoming structural and permanent-not hype-cycle dependent.

Regulatory Tailwinds

Pro-crypto administration. SEC shifted from enforcement to rulemaking. Bitcoin ETFs approved with $100B+ inflows. Bipartisan stablecoin legislation (GENIUS Act) signed into law.

DEX Volume Exploding

Decentralized exchange volume grew 10x to ~$5 trillion annualized in 2025. Fee pools scale directly with trading activity.

“Every stock, every bond, every fund-every asset-can be tokenized. If they are, it will revolutionize investing. Tokenization today is roughly where the internet was in 1996.”

Larry Fink, CEO of BlackRock - $13.5 Trillion in Assets Under Management

04 - The Strategy

Liquidity pool trading fees are the most
consistent income in crypto

Our core income engine and growth driver.

Trading Fee Capture

Every trade on a decentralized exchange generates fees. Liquidity providers (us) collect those fees. It's like owning the exchange itself.

Paid Regardless of Direction

Whether prices go up or down, traders still trade. We earn from volume, not price movement.

Grows With the Market

As crypto adoption increases and more traders enter, fee pools expand. Our income scales automatically.

“I'm a big believer in blockchain technology and the ability for us to change the financial infrastructure, the rails. Tokenization, digitization, stablecoin - it's coming, it's coming at a very quick pace.”

David Solomon, CEO of Goldman Sachs - $3 Trillion in Assets Under Management

05 - Our Venue of Choice

The action is on Hyperliquid

Hyperliquid is the highest-volume, highest-fee-generating decentralized exchange in crypto. It offers the deepest fee pools, the best infrastructure, and the most opportunity for active LPs...and most investors have never heard of it.

HYPERLIQUID · THE VENUE
2025 FULL YEAR
$843M
2025 REVENUE
$2.95T
2025 TRADING VOLUME
DEX PERP SHARE
75%+
REVENUE / EMPLOYEE
$102M
OPEN INTEREST
$5B+
ALL-TIME REVENUE
$1.18B
HYPE BURNED
45.74M
% OF SUPPLY BURNED
4.57%

More Volume Than Every Other DEX Combined

75%+ market share in decentralized perpetual futures. More trading volume means deeper fee pools and more income for active LPs like us.

75%+ market share

$843M Revenue in 2025. ~12 Employees.

The most capital-efficient exchange in crypto. Nearly all revenue flows back to the ecosystem through token buybacks, making LPs and holders direct beneficiaries.

$102M rev/employee

Revenue Buyback & Burn

97–99% of all trading fees buy HYPE tokens from the open market, which are permanently destroyed. Like spending nearly all profits on share buybacks.

37M+ HYPE burned ($1B+)
06 - Validation

Hyperliquid is winning

This isn't a niche project. The world's most respected institutions recognize Hyperliquid as one of the most significant financial technology companies of 2026.

Forbes Fintech 50 - 2026

Forbes named Hyperliquid to its prestigious Fintech 50 list (Feb 2026), alongside Stripe, Plaid, and Ramp. One of only two companies on the entire list with zero outside funding.

Forbes Fintech 50

NASDAQ-Listed Treasury Co.

Hyperliquid Strategies (ticker: PURR) listed on NASDAQ in Dec 2025, chaired by Bob Diamond, former CEO of Barclays. Deployed $129M to acquire HYPE tokens.

PURR on NASDAQ

More Revenue Than Ethereum

$843M in 2025 revenue vs Ethereum's $524M. With ~12 people, that's $102M revenue per employee. Apple does $2.4M per employee.

$102M rev/employee

“In March 2026, when Middle East tensions spiked oil prices above $100, price discovery didn’t happen on CME or NYMEX — it happened on Hyperliquid. $7.3B in oil futures volume in two weeks.”

Covered by Bloomberg, Wall Street Journal, Fortune & cited by JPMorgan

07 - Momentum

The Hyperliquid opportunity is now

NOV 2024
$1.2B Community Airdrop
310M HYPE tokens distributed to 94,000 early users. Token launched at $3.57.
Q1 2025
HyperEVM Launch
Full Ethereum compatibility goes live. Hundreds of developer teams begin building DEXs, lending protocols, and DeFi applications.
Q2–Q3 2025
Dominance - 75%+ Market Share
Monthly volume exceeds $300B. Open interest surpasses $15B. HYPE reaches ATH of $59.30. Peak monthly revenue $97.7M in August.
DEC 2025
$1B Token Burn & NASDAQ Listing
37M HYPE tokens ($1B+) permanently burned by 85% validator consensus. Hyperliquid Strategies goes public on NASDAQ.
FEB 2026
Forbes Fintech 50 & Policy Center
Named to Forbes Fintech 50. Establishes D.C. policy center led by Jake Chervinsky, seeded with $28M in HYPE.
MAR 2026
$7.3B Oil Futures Volume
Hyperliquid becomes the go-to venue for oil price discovery when traditional markets are closed. Covered by Bloomberg, WSJ, Fortune, and cited by JPMorgan.
08 - The Playbook

Fee income is the Farr Out engine

LP fees build our balance sheet and fund our next moves in crypto.

Algo Trading & Market Making

Systematic, automated strategies that profit from volume and volatility. Proprietary models built in-house, tuned against live markets.

Opportunistic Asset Acquisition

When others panic, we buy. Crashes put BTC, ETH, SOL, HYPE, and other tier 1 assets on sale. We'll be ready.

New Markets & Expansion

As new platforms, protocols, and DeFi primitives emerge, Farr Out will be ready to take advantage of these new opportunities.

09 - Founder Capital as Proof

Founder's capital. Real (big) results.

The strategy has been live since November 2025 using only founder's capital.

FARR OUT · LIVE STRATEGY
83.4%
TRAILING 30-DAY APR
110.6%
LIFETIME APR
DAILY APR (AVG)
0.66%
CAPITAL DEPLOYED
Mid 6-Figures
LIFETIME FEES EARNED
$135K
FIRST DAY LIVE
2025-11-03
DAYS LIVE
207
POSITIONS OPENED
230

DAILY FEE INCOME SINCE INCEPTION

Data updates live from on-chain positions. Past performance is not indicative of future results.

10 - How It Works for Investors

Monthly payments. Permanent upside.

Investors receive 80% of fee income until a 2x return on capital is achieved, then convert to equity.

Investment

Fully collateralized convertible note. Capital is deployed immediately across our income strategies.

Monthly Repayments

80% of fee income, paid monthly, until a 2x return is achieved.

Own the Upside

Notes convert to equity automatically after 2x return. Distributions continue monthly in perpetuity.

EntityFarr Out Holdings LLC (Nevada)
InstrumentConvertible promissory note, fully backed by company capital
Raise Target$2,000,000
Return80% of fee income paid monthly pro rata, with a 24% annualized preferred return floor (shortfalls accrue)
Payback and ConversionUpon reaching a 2x return on invested capital, notes automatically convert to equity at $8M pre-money valuation
Lockup12 months. Monthly put option thereafter at outstanding principal minus distributions received
Post-Conversion DistributionsA minimum of 50% of fee income distributed monthly to all members, pro rata, per operating agreement
Founder Co-Investment$100,000 (personal capital, same terms as investors)
Minimum Investment$100,000
ReportingMonthly updates, on-chain position transparency

*Terms are preliminary and subject to definitive documentation. Past performance is not indicative of future results.

11 - Investor Economics

Illustrative $100K Note Holder

$2M total raise. $100K note. 80% of fee income paid to note holders monthly.

 
Conservative
Base Case
Upside
Blended APR on Capital
25%
50%
100%
Year 1 Distributions (per $100K note)
$20K
$40K
$80K
Effective Year 1 Yield
20%
40%
80%
Cumulative Distributions by Year 3
$60K
$120K
$240K
Post-Conversion Equity (at $8M)
1.25%
1.25%
1.25%
Post-Conversion Monthly Distributions
$6.2K+
$12.6K+
$25K+

Illustrative only. Assumes $2M raise fully deployed. Fee income compounds as balance sheet grows (20% retained). Post-conversion distributions assume minimum 50% of fee income paid monthly to all members per operating agreement, shown as a 1.25% share. Not a guarantee of returns.

12 - The Founder

Founder & CEO

Sohrob Farudi

Sohrob Farudi

Serial entrepreneur and venture-backed CEO with multiple successful exits across technology, mobile, and consumer sectors. Crypto-native since 2017, beginning with blockchain-based sports governance and tokenized fan economies. Led companies backed by Lightspeed Venture Partners, Verizon Ventures, Animoca Brands, and Jump Crypto. B.S. in Finance from the University of Maryland, M.S. in Information Systems from The George Washington University.

$100M+
Venture Capital Raised Across Multiple Companies
Multiple Exits
Founded & Sold Companies in Tech, Mobile & Retail
Since 2017
Crypto-Native - Blockchain, Tokens & DeFi
Important Disclosures

This document is for informational purposes only and does not constitute an offer to sell securities nor a solicitation of an offer to purchase securities. Any investment in Farr Out Holdings LLC involves a high degree of risk and is suitable only for accredited investors who have no immediate need for liquidity and can withstand a total loss of their investment.

Prospective investors should carefully review the definitive offering documents, including any note purchase agreement, operating agreement, and related disclosures, before making any investment decision. The terms described herein are preliminary and subject to change.

Projected returns, payback timelines, and performance scenarios are hypothetical and provided for illustrative purposes only. There is no guarantee any target will be achieved. Past performance is not indicative of future results. Actual results may vary materially from projections.

Farr Out Holdings operates in digital asset and decentralized finance markets, which carry unique risks including but not limited to: smart contract vulnerabilities, regulatory uncertainty, market volatility, counterparty and venue risk, liquidity constraints, and potential total loss of capital.

This document is confidential and intended solely for the recipient. It may not be reproduced or distributed without prior written consent of Farr Out Holdings LLC.