It is our pleasure to report the results of our DeFi Green Legend Fund as of Dec 31 2022
Financial Highlights (Unaudited):
Finexify reports YTD 2022 results of 9.47% in the worst crypto market conditions since 2018. Inflation, geopolitical tensions, bankruptcies, frauds, hacks all contributed to a market meltdown that wiped out $1.5+ trillions from the total crypto market cap in a course of one year. The 65.3% drop in TVL from $2.3 trillions to $798 billions was brutal.
AUM as of 30 Sep 2022 stayed the same as the prior quarter at $2.5M.
The return on Stablecoin (USDT/USDC/DAI) was 3.91% in Q4 2022 and the total cumulative return amounted to 88.29% since inception at 12 Feb 2021.
The return on Ethereum was 3.91% in Q4 2022 and the total cumulative return amounted to 70.45% since inception at 12 Feb 2021.
FTX's pausing of withdrawals in early November 2022 and the subsequent bankruptcy caused a market chaos and an intense selloff in digital assets. FTX once valued at $32 billion imploded and shocked investors that backed it, and all clients that traded on the exchange. Missing user funds are in the range of $1-$2 billion.
Bitcoin touched a new two-year low of $15,711 on November 22 after bouncing 1% in December to finish 2022 at $16,500. Bitcoin and Ethereum dropped 65% and 69%, respectively during 2022.
Finexify posted solid quarterly gains of 3.91% in an extremely volatile market, caused by fraud committed by the FTX, that caught everyone by surprise. Good news is that there are no inherent problems with the blockchain technology. Specifically, the events surrounding the drama around FTX make a stronger case for the quicker adoption of DeFi, which uses a permissionless and a noncustodial technology.
*Reported returns are cumulative and do not take into consideration any performance fees.
Strategic Highlights:
The Fund's delta-neutral investment strategy to provide liquidity in pools without exposure to IL(impermanent loss), which was adopted at the end of Q2 2022, was stress tested against the huge volatility that shook the market in Q4 2022.
"Decentralized exchanges witnessed more than $850 billion in trading volume through 2022 from more than 5.6 million unique wallet addresses. Despite market fallout in 2022, the amount of capital locked in smart contracts across the DeFi ecosystem remains magnitudes larger than it was three years ago. In three short years, the total TVL of DeFi has grown nearly 70 times larger" according to nansen.ai
Finexify's team believes in the technological superiority and resilience of the DeFi tech. The Fund is well positioned to generate stable returns as the priority remains to preserve and protect customer funds in the best possible way.
Going Forward:
Finexify's market-neutral investment strategy will continue going forward through 2023. The Fund's performance is projected to remain non-correlated to the underlying digital asset prices.
We have achieved a 23-month track record with YTD return of 9.47% for 2022.
The fund's target is to sustain a long-term return of 10-15% range going forward.
If you are interested in joining our fund, do not hesitate to contact us at investment@finexify.com or via our contact form. Deposits in Ethereum and Stablecoins (USDT, USDC, and DAI) are accepted. If you do not currently own cryptocurrencies, we can guide you through the process of obtaining them.
Disclaimer:
Decentralized Finance is an emerging space with multiple risks. Do your own due diligence. Before investing, read the "Risk Disclosure".
About Finexify
Finexify is a boutique investment firm that provides one of a kind opportunity to get into and profit from the Decentralized Finance (DeFi) space – the most promising and complicated space of the blockchain industry
The limited access to DeFi means extraordinary alpha with limited exposure to the cryptocurrency market volatility. Reserved only for the most crypto- and tech-savvy, the team of experts is more than prepared to exploit this profit opportunity for its investors.
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