Blog Archive: January 2023

TerraM Crypto Hedge Fund Portfolio Updates December 2022

2 January, 2023 | Crypto | 10 seen

On December 12, 2022, I minted 10,000 TerraM coins on the Solana network with an aim to raise $10,000 capital for options trades on Ethereum via the Deribit trading platform.

We didn't raise the capital yet, but we did have a quite good month.

Besides minting and listing tokens for sale on the Raydium network, from the capital raised (I'm the single largest investor) we were able to book a $176.09 profit. That would give about an 11.38% yield.

We were able to grow TerraM by 11.38% despite Ethereum actually dropping by more than -5% last month

All profits were distributed back to the token holders

TerraM Assets

Here are the assets under TerraM control (as of December 31, 2022)

Asset Count Rate Value USDC 131.43 $1.00 $131.43 ETH 0.0859 $1,199.57 $103.04 BTC 0.00048049 $16,560.00 $7.96 Tradeable ETH 1.109 $1,199.57 $1,330.32 $1,572.75

On the last day, od December TerraM crypto hedge funds' total value was $1,572.72, which makes the value…