RCIF II - Five bullet Friday - Issue # 35

    Our September month performance looks a lot better than August due to the growth of OlympusDAO and KlimaDAO protocols. Bitcoin's hashrate took a beating in June, but recovered 60% of it in the last 2 months. When nations squeeze centralized crypto companies they are just driving capital into the arms of DeFi.

1. As our US Congress is now actively debating how they can mint one platinum coin for $1 trillion dollars, no one wants to question why they need our taxes. In the olden days, they had to actually buy $ 1 trillion dollars worth of gold from the free market to actually back this currency printing. But this is just a symbolic platinum token with less than an ounce to back the currency printed. While this debate is going on, the El Salvador government is mining bitcoin using their volcano energy.

2. Olympus DAO treasury has been growing steadily in our portfolio. When we first started investing in OlympusDAO in March, the total market cap was $15 million. This week it crossed $1.7 billion, while growing the treasury to $245 million along the way. It took $OHM around 5 month to reach a market cap of $500 million. It took another 20 days to go to $1 billion and another 7 days to go to $1.5 billion. The growth is accelerating.

3. As you can see in our Retained earnings spreadsheet, OHM is our largest staking income producer. I am not tracking our income on a week-to-week basis. We receive our income in the form of OHM tokens. We are currently earning 298.7206 OHM tokens every 8 hours. Based on the current market price of $751 dollars, we are earning about 298.7206 * 3 * $751 equals $673,071 per day. 

4. KLIMA token is supposed to launch on the Polygon network sometime during this month. We are currently staking in Alchemix to generate income while we wait for the launch. We bought 1199 tokens and earned an additional 162.2275 tokens as income, giving us a total of 1361.2275 tokens of AKLIMA. The current market price is $988 making it worth around $1.344 million. Please note  that this position is not showing in our Zapper portfolio. When we entered the position the entire market cap of KLIMA was $17 million.

5. Between both funds we already control 14% of the supply. We are the single largest holder of KLIMA tokens in the world, and we are still not finished acquiring our full stake. Currently each tokenized carbon credit is priced at $24. Carbon offset market is going to be gigantic where we will be competing with manufacturing companies that are 1000 times our size. I can see KLIMA becoming a blackhole in acquiring carbon offsets, consequently RCIF will become a blackhole in acquiring all of the KLIMA tokens as time progresses.