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Hi everyone! I want to share some recent adjustments to our cryptocurrency portfolio strategy.

Removals and Reductions:

FRAX ($FXS) : After a thorough reassessment, we have decided to part ways with Frax. While it has shown promise, we believe our resources could be better allocated elsewhere for optimal returns.

Monero ($XMR) : Due to evolving regulatory landscapes and concerns, we have chosen to reduce our exposure to Monero. This decision aligns with our risk management strategy in the face of changing market dynamics.

Convex ($CVX) : Our assessment has led us to reduce our position in CVX. This decision is based on a reevaluation of its performance compared to other assets in our portfolio.

Additions and Increased Exposure:

Optimism ($OP ): We are excited to announce the addition of Optimism to our portfolio. With its focus on scalability solutions for Ethereum, Optimism aligns with our outlook on the future of blockchain technology.

Arbitrum ($AR ): Recognizing the growing importance of layer 2 scaling solutions, we have added Arbitrum to our portfolio. This move aims to capitalize on the efficiency and reduced transaction costs that layer 2 solutions offer.

Aave ($AAVE ): Aave has consistently demonstrated innovation in the decentralized finance (DeFi) space. We have increased our exposure to Aave to capitalize on its evolving role in the DeFi ecosystem.

Reasoning and Outlook:

Market Trends: Our decisions are informed by a deep analysis of current market trends. The evolving landscape necessitates agility, and we believe these adjustments position us strategically for future opportunities.

Risk Management: The reduction in exposure to certain assets reflects our commitment to prudent risk management. Diversification remains a cornerstone of our strategy to mitigate potential downsides.

Evolving Ecosystem: The blockchain and cryptocurrency space is dynamic. Our additions align with our anticipation of the continued evolution of layer 2 solutions and the growing prominence of projects contributing to DeFi.

What's Next:

We will continue to monitor market developments and adjust our strategy accordingly.

Stay tuned for further updates as we navigate the ever-changing crypto landscape.

$BTC consolidating and ALTS gaining strength is a new shift. Previously when BTC lost steam ALTS went down hard. I'm not saying it but we could have entered some kind of alt season. I've changed accordingly and added $MANA $SAND (for GameFi exposure) $DYDX $CVX (for DeFi exposure) and $AVAX (been a laggard up til now but should catch up).

Ready to shift back to either full $BTC (or worst case stables) if my bet turns out to be wrong.

Also welcome to all new copiers! 😘

$SNX enables swaps of any size almost without any slippage, as well as creation of tokens that can track the value of any asset (stocks, ETFs, indexes, commodities, cryptocurrencies, etc). $SNX has generated $11M of revenue in the last month. @LongTerm remains bullish in $SNX for the foreseeable future.

Our other main plays are $FXS and $CVX. It goes without saying that we are maintaining $ETH position.

$SNX enables swaps of any size almost without any slippage, as well as creation of tokens that can track the value of any asset (stocks, ETFs, indexes, commodities, cryptocurrencies, etc). $SNX has generated $11M of revenue in the last 30 days and remains our current largest allocation. @LongTerm remains bullish in $SNX for the foreseeable future.

Our other main plays are $FXS and $CVX and goes without saying that we are maintaining $ETH position.

$AVAX out, $FXS in. Minor rebalance of the rest of portfolio [$ETH $CVX $CRV $AAVE $XMR $MATIC $NEAR]