Sam Ikkurty - Constitutional Rights & Legal Advocacy

Dear Partners,

Crypto markets are steadily improving. New money always enters the crypto assets via bitcoin as it has the biggest brand name. People outside of the digital asset market are not familiar with Decentralized Financial applications that are growing at an exponential rate. Bull market always starts from bitcoin and moves to smaller coins.

1. We have added a new position in Whiteheart token this week. It is an application that is built on the top of Hegic protocol. Whiteheart protocol allows users to automatically hedge a position by including a put option with each buy of ETH or BTC. For example, when you buy 1 ETH for $700, it holds $700 worth of USD in a smart contract that will be used to payout if ETH price drops below $700 within one month. If ETH price does not drop by $700, then the protocol keeps the premium and distributes the premium to token holders. We currently hold 140 tokens of Whiteheart tokens. For some reason, Zapper has not integrated with Whiteheart and is not reflected in Zapper yet.

2. I continued to Dollar Cost average into the Zlot positions. I bought multiple times at $365 last week. The price is a mirage. I can hardly buy 2 tokens at that price and it will push the price up by $60, just for a $5000 purchase. If I try to buy too much, too fast it pushes the price up due to lack of liquidity. We currently hold 1511 ZLOT tokens.

3. We have earned staking rewards from our ZLOT. It has been in operation only for a month, but we have earned staking rewards of 12296 tokens of zhegic as our income. The value of these tokens is $1721. I have collected our toll-both income and simply converted this income into a 3.45 new tokens of ZLOT as can be seen here.

4. We received a few tokens of SAFE as a reward for staking NXM tokens. These tokens converted later to COVER protocol tokens. We received about 30 COVER tokens for free. Unfortunately this protocol got hacked due to a smart contract bug last week. As a result, these tokens have become worthless.

5. We have not collected SNX rewards this week. It will be done next week. YFI is expected to announce their long-awaited version 2 this month. That will help the sagging price. We continue to collect our fees in REN nodes as we have collected about $2500 for each node. We own 7 of them.

Wishing you all a prosperous and happy new year!

warm regards,

Sam Ikkurty

Managing Partner

Please read our disclaimer here

Five bullet Friday - Issue #71