Sam Ikkurty - Constitutional Rights & Legal Advocacy

Dear Partners,

Today you are going to receive the October Statements from Tower fund Services. Our October results were dispiriting. As you can see from our website, we grew by over 450% in the month of November. We have recovered our October losses completely and possibly gained on September losses as well. We continue to hold the same positions and generate the same level of income as before. The market value of our tokens can get very depressed or overvalued at times, but the capital gains will be realized in the long-term.

1. So far I am impressed with the progress made by the ZLOT token team. I have staked all of our HEGIC tokens in zlot protocol. Zlot protocol is currently able to generate a yield of 61.57%. That is a superb yield when compared to Synthetix, YFI or REN protocols. None of them are able to generate a yield that is comparable to ZLOT. This made me feel more bullish for the token prospects. We currently own 900 tokens of ZLOT in our portfolio, which is the same as 10.1277% of the total supply. This high yield is attracting many other investors. As a result 60% of tokens ( without counting our 10%) are already locked in the smart contract. For comparison, YFI only has 17% of the tokens in the governance contract.

2. Uniswap is the largest decentralized exchange with the most liquidity to buy or sell tokens. Currently when I try to purchase Synthetix or YFI, I don't see any slippage if I try to buy $20,000 worth of tokens. In fact, I can buy as much as $50,000 worth of YFI tokens with a slippage of 0.04%. If I try to buy even $20,0000 worth of ZLOT tokens, I am seeing a slippage as high as 16% today. If I try to acquire even $20,000 worth of tokens, we will lose as much as $3200 to the Liquidity Providers on Uniswap! This is very extraordinary. This made it very difficult to acquire our stake and required a lot of patience to slowly accumulate.The entire Uniswap pool only has 60 tokens for sale, that too after 3 weeks after the launch, which is close to 0.67% of the supply. Once exchanges start listing ZLOT tokens, I think it can create an epic boom due to the severe shortages on the supply side.

3. I have added a new position in the token MPH. We currently own 558 tokens. MPH protocol enables payment of fixed interest rates to users by implementing the concept of floating rate bonds from Wall Street. I am very impressed by the team. I am convinced that the DeFI markets are clearly indicating that this is the beginning of the end of the wall street. Most of the financial services offered by Wall Street are rebuilt and made more efficient by these tokens due to the permission-less nature of the crypto protocols.

4. We did not claim the SNX toll-booth fees this week. I am planning on claiming them next week. Similarly, YFI is very close to the launch of their Version 2 vaults. They are currently allowing a small subsection of users to use them, before opening them up to the general public. YFI made remarkable progress in terms of combining other protocols like Pickle, Cream into its current ecosystem. YFI is slowly turning into a DeFI powerhouse, but the market is yet to recognize the changes happening in the background. Each of our 7 REN darknodes have collected $1307 in total. These fees are in the form of bitcoin.

5. We are currently testing the login access to all partners via www.rosecityfund.com website. You can login and see all the fund's positions and how we are performing. Please check to see if you are able to login. If you are unable to login, please send an email to [email protected]. If you are expecting October dividends and did not receive them, please let me know.

Sam Ikkurty

Managing Partner

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ZLOT yield currently

Number of zlot tokens in Uniswap

Ren fees

Five bullet Friday - Issue # 66