[Weekly] Market Return on StableCoin-based Strategies (11 Jan 2021)

In line with Serenity Fund’s strategy on investment of stablecoins, we provide a weekly update of the returns.

Quick analysis for the past week:

  • What happened just now was a 20% price tank for BTC, ETH and most Defi platform tokens. As our returns calculated based the price as of now (assuming you sell your platform tokens once a week, and you take the Monday morning price), some of the yields, like Compound, will be lower. But this is life.
  • Providing liquidity in Uniswap is a good idea (whether you hedge or not). USDT-ETH is giving out over 60% in yields; it has been a few weeks, so the advice is stay with ETH-stable coin pairs. The logic — we have explained in last week’s letter, and impermanent loss is not scary. It’s about confidence in bitcoin, it’s about mathematical probability.

In addition, we have looked at other market opportunities last week (which mostly temporary):

  • Alpha Homora: you can lend ETH to Alpha Homora for a 7% yield. Lower than Curve’s ETH-sETH pool, but it’s single currency and no-unpegging risk. Good to see more ETH-denominated products coming out.

(Serenity Team, 11 Jan 2021. Twitter https://twitter.com/SerenityFund)

--

--

Zero market risk and stable return - risk neutralised cryptocurrency fund.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
The Serenity Fund

Zero market risk and stable return - risk neutralised cryptocurrency fund.