On September 4, 2025, Terramatris LLC officially launched its Solana Covered Call Growth Fund, a specialized investment vehicle designed to combine the growth potential of Solana (SOL) with disciplined income generation through covered call strategies. The fund began with an initial seed investment of $100 from TerraM and a net asset value (NAV) of 1.00, setting the foundation for future expansion.
Economics Behind the Fund
The economic rationale of the fund is straightforward yet ambitious. By holding SOL tokens as the core asset, the fund is directly exposed to the appreciation potential of one of the fastest-growing blockchain ecosystems. At the same time, by systematically selling call options against these holdings, the fund generates additional yield, enhancing returns during periods of sideways or moderately bullish markets.
This dual-approach strategy allows us to:
- Capitalize on token growth while maintaining long exposure to SOL.
- Collect option premiums to generate cash flow and reduce volatility.
- Balance risk and reward in a way that reflects both traditional fund management and modern crypto-native strategies.
We classify the Solana Covered Call Growth Fund as a high-risk, high-reward investment, reflecting the volatility of digital assets combined with leveraged derivatives activity.
Fund Structure and NAV Framework
Unlike previous experimental funds at Terramatris, this initiative is structured as our first traditional private fund, operating on a private open model. NAV is calculated using widely accepted traditional investment fund methodologies, allowing investors to track performance transparently and consistently.
- NAV Launch Point: 1.00
- Structure: Private, open-ended fund
- Core Asset: Solana (SOL)
- Strategy: Long SOL exposure + covered call writing
- Investor Access: By invitation, with a minimum ticket size of $5,000
The fund is not designed for mass participation. Instead, we are positioning it as an exclusive growth product for a select circle of investors who understand both the opportunity and risks inherent in crypto markets.
Commitment and Capital Growth
While we are actively working to raise additional investment capital, Terramatris itself maintains skin in the game. Beginning September 2025 and continuing until at least September 2026, Terramatris LLC will commit to bi-weekly contributions of $100 into the fund, demonstrating confidence and alignment with investors.
For its own capital, Terramatris is employing a leveraged x2 approach, amplifying the exposure to both SOL growth and the fund’s covered call yield strategy. This ensures that the management team shares both the risks and rewards alongside external investors.
Fee Structure
The Solana Covered Call Growth Fund follows a fee model that balances sustainability with investor alignment:
- 2% annual management fee
- 20% quarterly performance fee, calculated with a high-water mark provision to ensure fees are only earned when true new performance is achieved
This structure incentivizes consistent performance while maintaining transparency and fairness for investors.
Strategic Importance for Terramatris LLC
The launch of this fund marks a critical step forward in the evolution of Terramatris LLC. It demonstrates our ability to move beyond experimental trading strategies and establish a professionally structured, traditional-style investment vehicle that can appeal to both crypto-savvy and traditional investors.
This model fund paves the way for:
- Greater institutional credibility through NAV-based valuation.
- A scalable structure for future funds with diversified strategies.
- A disciplined investor base aligned with long-term growth goals.
Our objective is to grow the fund’s value from $100 to $100,000 in a reasonable timeframe, leveraging disciplined trading, prudent risk management, and focused marketing to qualified investors.
The Solana Covered Call Growth Fund represents more than just another crypto product. It embodies our philosophy of combining innovative blockchain opportunities with sound financial structures. By blending SOL’s growth trajectory with the income potential of covered calls, we aim to deliver outsized returns to investors willing to embrace calculated risk.
This launch is not only an investment opportunity p it is a milestone in the professionalization of Terramatris LLC and a strong signal of our long-term commitment to building structured, scalable crypto investment vehicles.