Hey there, crypto enthusiasts! Reinis Fischer here, CEO and Founder of Terramatris Crypto Hedge Fund.
Today, on November 10, 2023, I'm excited to share a quick update on what's been unfolding in our crypto hedge fund's portfolio. So, let's dive right in.
Understanding Terramatris Crypto Hedge Fund
For those unfamiliar, Terramatris Crypto Hedge Fund is a private crypto investment hedge fund, not publicly registered, meaning it's not regulated, and only accredited investors are allowed to join.
A crucial disclaimer: this is not trading advice, and investing always comes with its risks. Do your due diligence!
Our Trading Strategy Unveiled
Our strategy revolves around selling one-day-to-expire put options in Ethereum and Bitcoin. The premiums we earn are then reinvested back into crypto itself. Currently, our focus is on four key cryptocurrencies: Bitcoin, Ethereum, Stellar Lumens and USDC. Each week, we select one and ride the wave throughout the week. As for risk management, we have contingency plans for suffered positions, including rolling forward for a credit or, potentially, shorting with futures.
While we're not implementing stop losses for our weekly goals just yet, it's something we're considering in the future. This week, our goal was to target a 2% return, roughly $3 daily, with all premiums reinvested back into Bitcoin.
Week Over Week Growth and Market Insights
Now, for the exciting part – the results!
Since our fund's inception on August 22, the value has surged to an impressive $163,22 as of yesterday, November 9, 2023. This translates to a remarkable week-over-week growth of about 16%. These past 12 weeks have been nothing short of amazing, with consistent growth thanks to the soaring prices of Bitcoin and Ethereum.
However, with Bitcoin breaking $35,000 and Ethereum surpassing $2,000, caution is in the air. As we have put options in play, we're mindful of potential market downtrends. While we continue to place them, we're exploring ways to limit exposure.
Investing in Terramatris Crypto Hedge Fund
For those intrigued by Terramatris, there are two avenues to explore – a direct investment or through TerraM tokens. There are 10,000 tokens available, each valued at $1 USDC. These tokens, created back in 2022 on the Solana blockchain, can be swapped on the Radium network.
Currently, there are 94 TerraM tokens available, fully backed by USDC coins.
Swap USDC for TerraM on Raydium
Stay tuned for future videos where we delve into liquidity and providing liquidity on decentralized finance. If you're interested or have any questions, reach out to me on LinkedIn, my blog, or via Terramatris' website.
That wraps up our weekly recap. If you enjoyed the video or have questions, comments, or feedback, don't hesitate to reach out. Thanks for watching, and until next time!