Crypto Hedge Fund

Terramatris is a DeFI (Solana Blockchain) crypto investment hedge fund started on August 22, 2023, by Reinis Fischer. The fund operates hybrid mode running over DEX (Raydium AMM) while being privately held. While the fund is not (yet) publicly registered under any specific jurisdiction, for most of the time it is operated from Tbilisi, Georgia.  

We are considering incorporation in Panama, Dubai, Cayman Islands, British Virgin islands or some other tax friendly jurisdiction once the funds total value will reach at  least $10,000

Get TerraM tokens from Raydium or Jupiter

  • Total supply: 10,000
  • In circulation: 485 (4.85%)
  • On Liquidity pool: 234 (2.34%)

Not trading advice. Not soliciting for investment. 

Investments in stocks, funds, bonds, or cryptos are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset.

Funds performance (Weekly results)

Trading strategy

We trade options with crypto, while reinvesting premiums back into different crypto assets. At the moment we are growing our crypto portfolio by selling put options on Ethereum and Bitcoin.  Once we will have at least 0.1 ETH or 0.01 BTC we will start selling covered calls on these positions to boost the total return. Occasionally we sell covered calls on long ETH futures. Additionally we perform carry trades on crypto, collecting funding fees.

When placing our options trades we aim for about 1-2% daily in options premium, from the total fund's value

Crypto Research & Analytics

Before placing our options trades we check options Greeks and use technical analysis to get a better overall picture. Some of our observations are published on our blog and on the fund manager's YouTube channel

Risk management

As we grow our portfolio from selling put options, we also hedge the portfolio both with options and futures. In case of a suffering put option, we try to roll it down and forward, preferably for a credit. In rare cases, we might take an assignment and switch to covered call writing using futures with leverage as collateral instead of actual coins.

For protecting against market crashes, we constantly buy > 45 DTE put options as a protection for the portfolio.

Trading volume (Options)

In a remarkable feat of growth, Terramatris crypto hedge fund, achieved a nearly 20-fold increase in monthly trading volume throughout 2023. Starting from a modest $10,000 in August, the fund saw a substantial surge, reaching an impressive $200,000 by December.  

Looking ahead we are aiming to propel the trading volume to an impressive $1 million by the close of 2024.

Trading volume is directly related to our position sizes and risk/reward ratio.  

Holdings / Assets Under Management (AUM)

Our holdings are growing from put premiums, crypto appreciation, management and performance fees. Sometimes we got some coins for free in form of Airdrop (200 JUP coins). Small part of portfolio is staked (RAY)

We often get asked - what is our AUM? TerraM token holdings are listed below.

CoinCountPriceBuy priceValue
BTC0.00346618$51,517$38,156$178.57
ETH0.07200848$3,102$2,137$223.39
EUR147.37$1.09$1.09$160.63
JUP205.479103$0.49$0.01$101.35
RAY7.97$0.96$1.05$7.67
SOL1.011$103.23$96.99$104.37
TerraM162.51$1.08$1.02$175.51
USDC16.57$1.00$1.00$16.57
XLM923.5$0.12$0.12$106.90
    $1,074.96

Last updated: February 26, 2024

TerraM token & Airdrop

Swap USDC for TerraM on Raydium

You can participate in TerraMatris crypto hedge fund by owning TerraM coin. 

Each TerraM token corresponds to a 1/10,000th share in the fund, allowing investors to gain exposure to a diversified range of assets and strategies. This not only spreads risk but also offers a chance to benefit from the fund's performance. 

Learn How To Buy TerraM Token Using USDC coin and Phantom wallet

We are giving away 10% bonus to every TerraM token holder, once our total crypto hedge funds value will reach $2,000

Terram Token Airdrop: A 10% Reward for Every Holder as Fund Targets $2,000 Milestone by Mid-2024

Get in touch

If you are interested in learning more or participating in the fund directly, not via TerraM token (minimum investment $10,000) - feel free to write me an email to reinis.fischer {at} terramatris.eu or connect on LinkedIn