YESTERDAY'S EMERGENCY RESTRUCTURING EXPLAINED:
Yesterday we decided to dump $RUNE for $USDT due to the risks it faced because of it's lending services which became insolvent as the price of rune greatly underperformed the assets in the lending service.
This situation created a lot of confusion on social media and led to panic selling, as people feared that we'd see another Terra Luna type of crash. With our mandate being to act swiftly on verifiable threats to protect investor funds, we cut our losses on it which were just over 3% of the total portfolio.
It's worth mentioning that we still greatly believe in the $RUNE protocol which continues to function properly (swaps, LP, deposits & withdrawals) and it continues to be 1 of the most profitable protocols in the Blockchain space. We however understand that token price action is driven by market confidence.
Once (if) the team resolves the debts from the lending services and confidence returns with them giving us a solid way forward within the 90 days they've committed to, we'll likely add it back into our portfolio.
For now, we have just under 3% of capital waiting to be deployed into another project on our next restructuring & rebalancing which should be soon.
Thank you for your continued support, we shall continue to protect this portfolio while harvesting fruitful profits for you. #MzansiCrypto
What the fuck is happening man..