I assume this is a strictly B2B proposition in spite of "built for every side of the GPU market" -- meaning I'm probably not going to be able to buy/bid on small (e.g. 2-8) lots of used, matched RTX 3090s for example?
For now, we are focusing on institutions, since most of this hardware has strict export controls. We deal with all sizes though, we can do a single card to 1024 servers. Can always reach out to us to see if a specific request would fit in the marketplace or not
Is pricing spot-only or do you support forward commitments? GPU supply deals seem to want term structure - a lab locking capacity for 6 months cares about a very different price than burst spot. Curious how you handle default risk on the longer terms.
We do both! Solving for the forward curve has very interesting applications in the GPU market, as depreciation is a big factor.
We have credit limits/margins in place to be posted for any forward trades which helps with the default risk, similar to other commodity markets. Users can enter the delivery timing details as they create a request, and dealers will price accordingly.
Most of the hardware has super long wait times right now (16-24 weeks), and there is no market structure today that allows to price the differential between a spot, immediately available B300 server vs one with 16-24 week lead time. Our marketplace allows to observe that.
Our primary focus is on trading the physical hardware, most of the marketplaces we see are rental focused. Our thesis is as open source models become stronger and stronger, owning your own hardware will become more prevalent
I assume this is a strictly B2B proposition in spite of "built for every side of the GPU market" -- meaning I'm probably not going to be able to buy/bid on small (e.g. 2-8) lots of used, matched RTX 3090s for example?
For now, we are focusing on institutions, since most of this hardware has strict export controls. We deal with all sizes though, we can do a single card to 1024 servers. Can always reach out to us to see if a specific request would fit in the marketplace or not
Is pricing spot-only or do you support forward commitments? GPU supply deals seem to want term structure - a lab locking capacity for 6 months cares about a very different price than burst spot. Curious how you handle default risk on the longer terms.
We do both! Solving for the forward curve has very interesting applications in the GPU market, as depreciation is a big factor.
We have credit limits/margins in place to be posted for any forward trades which helps with the default risk, similar to other commodity markets. Users can enter the delivery timing details as they create a request, and dealers will price accordingly.
Most of the hardware has super long wait times right now (16-24 weeks), and there is no market structure today that allows to price the differential between a spot, immediately available B300 server vs one with 16-24 week lead time. Our marketplace allows to observe that.
this is sick — how does price discovery work? RFQ/orderbook?
also how are you dealing with fraud/recourse?
hows this different from vast ? or some of the other players inn the space?
Our primary focus is on trading the physical hardware, most of the marketplaces we see are rental focused. Our thesis is as open source models become stronger and stronger, owning your own hardware will become more prevalent