Dank Mornin’ fr0xers!
What do you mean I'm a week late?
Is it mid-March already?
Sometimes space-time shrinks in Kekistan...
Anyway, let's take a look at the latest developments and news.
MARKET CONDITIONS
After an 'up only' climb since October last year, this week seems to have provided us with a blow-off conducive to a form of future consolidation.
It's certain that events such as halving, the attempt to price ETFs on ETH and, more simply, the influx of money into the markets brought about by the hundreds of millions of dollars of weekly volume in Bitcoin ETFs, are fuelling this meteoric rise.
However, we believe that the market needs to redefine support and consolidation zones if the uptrend is to continue in a healthy manner.
NEED FOR DIVERSIFICATION
And it's these market conditions that have prompted us today to look for buying points on different cryptos in order to achieve two objectives:
Diversify our exposure to different narratives.
Reduce the risk of concentrating too heavily on a single ecosystem.
In order to do this in a totally transparent way, we are considering the possibility of making spot purchases on chain and holding positions on the HyperLiquid dappchain, which we believe is the most advanced tool currently available for this purpose.
We are looking for swing-type entries on the following assets:
(Some can be removed, others added)
FTM
ETH
PEAS
ARB
PENDLE
FET
RNDR
INJ
MAV
SOL
STRK
TAO
UNIBOT
AR
JTO
THE LAST MOVE
While waiting for the Ministry of the Economy and Ration Tickets to give us the green light to enter into these different assets, we have increased our share of yield investment by converting part of our FTM into EQUITY in order to increase significantly. passive our exposure to the Equalizer environment.
This new line allows us to farm a yield of 200% APR paid in Equal and veEqual.
Two tokens that will be very useful to us once the LP of fr0x v2 opens on the AMM.
TREASURY
This latest investment reshuffles the distribution of our current portfolio.
To date (17/03/2024), this is the treasury situation:
6550 FTM
465m fr0x
159 Equal
3140 MSLP
1093 vMMY
4726 EQUITY
Total Value: $16.896 - 74% Cryptos / 26% Cash
DEV SIDE
We have also developed a discord server which will make NFTs more useful.
It's time to join it and help us make it evolve:
Moreover, the family is growing with now 143 fr0xers of mint including that of the legendary lil Esper.
Slowly but surely...
With the current fragmentation of treasury it is becoming difficult to have exact metrics on its state, which is why this week we are going to develop a better interface which will allow cash flow monitoring.
Have a good week, my dear fr0xers!