Brothers, a lot of people think the biggest challenge for quant teams is strategy, but in reality, what often holds them back is funding. Just because a strategy works doesn’t mean it can scale. If the initial capital is too small, no matter how good the performance curve looks, it’s hard to build enough AUM or long-term results. On the other hand, teams that already have capital might see a big chunk of their profits eaten up by financing costs. Bitget’s new 'Archimedes Program' caught my attention—not just because of the initial $300M fund, but because it tackles two common funding issues for institutions separately. 1️⃣ First is the Capital Support Program. The initial fund is $100M, mainly targeting asset management teams and small-to-medium quant teams. Each team can receive $500K to $10M in funding, with a cooperation period of 6 to 12 months. Simply put, it’s about helping teams with solid strategies but lacking capital to scale up and build a longer track record in live trading. 2️⃣ Second is the Interest-Free Loan Program. The initial fund is $200M, aimed at institutions that already have trading volume and relatively mature strategies. Each team can borrow up to $10M. By reducing financing costs, teams can improve capital efficiency without tying up too much of their own funds. This also shows that competition among crypto exchanges is entering the second half. In the past, it was all about listing speed, fees, and user traffic. Now, it’s about institutional accounts, APIs, margin efficiency, liquidity, risk control, and financing services. For quant teams, getting funding is just the first step. What really matters is whether the funds can operate efficiently in a unified account and whether strategies can execute consistently. Of course, interest-free doesn’t mean no strings attached, and capital support doesn’t guarantee profits. Participating teams still need to pass qualification and risk assessments, and they must meet corresponding trading volume or position requirements. Strategy failure, liquidation, liquidity, and platform risks—none of these magically disappear. My take is simple: Money can amplify a good strategy, but it can also expose the flaws in a bad one faster. In the end, the institutions that go the distance are the ones that excel in strategy, risk control, and capital efficiency—not just the ones that secure the most funding.