Greetings from Eliat, Israel!

I’m very excited to share already the third newsletter about TerraM token from the fancy Herods boutique hotel in Eliat.

This year we decided to come and explore Israel for our New Year’s celebration. So far we have been to Jerusalem, Bethlehem, Ben Gurion airport and now just landed in Eliat. We still plan to visit Tel Aviv and Haifa in the coming days.

While being invested at only 14.18%, our 'poor man's crypto hedge fund' for options trading on Ethereum, made already $85, which was distributed back to token holders + used to increase liquidity on the Raydium pool. About 6.05% yield in 7 days.

Trades & Profit distribution

We use the capital raised with TerraM token to sell options on Ethereum, any profit incurred from options trades is distributed back to the TerraM token. 

Our goal is about 25-30% annual growth

In total we had 4 options trades expiring on December 30, 2022, all expired worthless and we booked the maximum profit.

From the option trades with Ethereum tokens on the Deribit trading platform last week, we were able to book 0.0718 ETH / $85.87 USD profit.

Every week on Fridays (after options expiry on the Deribit platform) we distribute profit back to the token holders + increase the liquidity pool to guarantee enough coin offerings on the Raydium exchange.

As TerraM's total supply is 10,000, this week each token holder received 0.008587 USD per token (85.87/10,000).

Profit was distributed in form of additional TerraM coins to the token holders from the TerraM token address with balances larger than 20 TerraM. Any uninvested token profit was kept on the Deribit trading platform to increase buying power.

Since the inception of the TerraM crypto hedge fund, we have already made and distributed $176.09 or about 11.30% yield

Liquidity pool

We contributed to the Raydium liquidity pool with USDC/TerraM pair by staking USDC 30.48 / TerraM 33.86.

• Pool liquidity (TerraM): 146.02 TerraM

• Pool liquidity (USDC): 131.42 USDC

This means that basically anyone can buy/sell 146.02 TerraM coins, which is about 1.46% of the total token supply. We plan to raise and keep our total liquidity on the Raydium pool to about 3-5% of the total coin supply.

if you are interested to invest in more tokens than currently available on the Raydium platform, contact us to discuss the offer.

Assets under TerraM token

Most of the assets for TerraM token are held in ETH. Makes sense, as ETH is the coin we trade options with on the Deribit trading platform. Additionally, we held reserves of 8.4% in USDC, 6.6% ETH, and 0.5% in BTC.

• USDC: 131.43

• ETH: 0.0859

• BTC: 0.00048049

• Tradeable ETH: 1.1

84.5%. of the total assets are used for actual trades, while 15.5% are stored as reserves. We plan to grow reserves to at least 25% and then rebalance the portfolio

Price:

While we have set the 1:1 ratio exchange ratio between TerraM and USD, on the Raydium network 1 TerraM was trading at $0.89165

Swap USDC for TerraM coin on Raydium

The Bottom Line

We are truly excited at the start of this journey and we hope to be fully invested by mid-2023, until then, there are still 7,701 TerraM tokens available for investment.

Swap some TerraM on the Raydium or simply hit the reply button to learn about other investment opportunities.