MAANAV PORWAL_Resume
BOLT, SINCE LAUNCHVOLUME$300M+TRADES2M+TRADER WALLETS25K+INTEGRATIONS85+SPREAD CAPTURE3.0-4.1 bps

Thesis

I run the business side of trading products: the strategy, the liquidity, and the growth that ties them together.

Strategy, liquidity, and growth for trading products

What I runContact

Maanav Porwal

01

Desk

BOLT, SINCE LAUNCHLive
VOLUME
$300M+
TRADES
2M+
TRADER WALLETS
25K+
INTEGRATIONS
85+
SPREAD CAPTURE
3.0-4.1 bps

I've been building in crypto since 2022. I've launched products, run growth, and now lead liquidity operations and strategy for a live trading venue.

At Phi Labs I lead Product Growth & Liquidity for Bolt, an oracle-priced trading venue, working directly with the CEO. I own pricing strategy and the live trading book, run go-to-market across traders, market makers, and integrators, and built the metrics system the company uses to judge every change.

02

What I run

STRATEGY

  • Set go-to-market strategy across traders, market makers, and integrators.
  • Price flow by who sends it: segment counterparties, measure break-even by ticket size, and set spread tiers from the result.
  • Map competing venues across chains to shape partnerships and multi-chain expansion. Contributed to the Series A pitch deck and investor narrative.

LIQUIDITY OPS

  • Own the live trading book: pricing, inventory risk, and hedge execution on centralized exchanges. Trace every loss to its cause and turn it into a product change.
  • Launched a dynamic pricing system that raised spread capture to 3.0-4.1 bps.
  • Built the P&L system that splits results into spread, fees, execution, and inventory risk, plus a daily hedge report that ties every exchange fill, rebate, and fee back to the book.

GROWTH

  • Grew Bolt to $300M+ volume and 85+ integrations since launch.
  • Founded Club Zero, Bolt's creator collective: 450K+ followers, 25M+ reach.
  • Led launches including ArchiesNFT, sold out in 3 minutes.
03

Positions

  • Strategy, liquidity operations, and growth for an oracle-priced trading venue with $300M+ volume and 2M+ trades.

    • Lead Bolt's five-person Product Growth team, working directly with the CEO on strategy. Run go-to-market across traders, market makers, and integrators; founded Club Zero.
    • Own pricing strategy, inventory risk, and hedge execution for the live trading book. Launched dynamic pricing that raised spread capture to 3.0-4.1 bps.
    • Review every pricing change before deploy and measure its impact after.
    • Unified two competing P&L breakdowns into one reference that every pricing, hedging, and growth decision is judged against.
    • Built the daily hedge report that ties every exchange fill, rebate, and fee back to the book, with checks that block publication if any input is missing.
    SponsorsTrezorBitrefillRayls

04

Product notes

One P&L, not two

Problem
Two daily P&L breakdowns, built by different people, disagreed. Every pricing or hedging change could be argued from whichever number suited it.
Approach
Traced each line of both back to trades, hedges, and inventory marks, and found where they valued the same event differently. Wrote one reference layout and brought both into line with it.
Result
One number the whole team judges every change against.

Price the flow, not the pair

Problem
One spread for every trade treats very different flow the same way, from aggregator routes to single large trades.
Approach
Segmented trades by counterparty type, measured break-even spread by ticket size and how volume responds to each basis point, and compared candidate spread rules side by side.
Result
A pricing framework that sets spread tiers by counterparty type instead of one rate for everyone.

Hedge costs you can audit

Problem
Exchange hedge fills carry rebates, fees, and withdrawal costs that are easy to miss or book the wrong way, which makes hedging look cheaper or more expensive than it is.
Approach
Built a daily pipeline that pulls every fill with its maker or taker role, applies the matching rebate or fee, and adds withdrawal costs. A validation step blocks the report if any input is incomplete.
Result
Hedge costs reported fill by fill, checked for completeness before anything is published.
05

Selected launches and campaigns

6 / 6
Creators

FCK Slippage

Online

3-ad series for Bolt: don't get screwed, especially while trading

Creators

Club Zero x Bitrefill

Costa Rica

Sponsored ad shot at the Club Zero content house

Creators

Trezor "Dare" ad

Costa Rica

Sponsored creator ad for Trezor

log / bolt-busEvents

Bolt Bus

loc Singaporenote A crypto game show on wheels
log / club-zero-housesEvents

Club Zero houses

loc Mykonos, Costa Rica, Singapore, Dubainote Creator house activations across four cities
log / archiesnft-launchLaunches

ArchiesNFT launch

loc Onlinenote 5,555 sold out in 3 minutes
06

Operating principles

  1. [P1]Every decision gets a number before it gets a budget.
  2. [P2]Price the product like a desk, grow it like a startup.
  3. [P3]Ship small, measure, then scale what moves volume.
  4. [P4]Clear beats clever.

Toolkit

  • Python
  • SQL
  • Postgres
  • Grafana
  • Vercel
  • Claude Code
  • Linear
07

Contact

Building a trading product? Let's talk strategy and liquidity.

Download resume