Terramatris is a private crypto research and decentralized finance (DeFi) investment fund specializing in quantitative options trading. We grow our long holdings from options trading, focusing on selling puts and covered calls on Bitcoin, Ethereum and Solana while reinvesting options premium back into spot crypto. Additionally using hedging with perpetual futures and carry trades for protection and extra income. Accredited investors / crypto enthusiasts can join via our native TerraM token
About TerraM token
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.
- Solana blockchain
- Fully Diluted Market cap: $26,000
- Total supply: 10,000
- In circulation: 1,605 (16.05%)
- On Liquidity pool: 322 (3.22%)
- Price per token: $2.60 | Swap on Raydium, ByBit or OKX.com (Solana supported wallet required)
Performance
| Year | Jan | Feb | Mar | APR | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD |
| 2025 | 12.25% | 22.55% | -34.18% | -9.45% | |||||||||
| 2024 | 52.70% | 109.61% | 56.67% | 4.11% | 29.28% | 10.87% | 19.24% | 4.26% | 6.93% | 4.85% | 33.78% | 3.63% | 1,345% |
Holdings / Assets Under Management (AUM)
| Coin | Count | Price | Value |
| BTC | 0.000935 | $84,103 | $78.64 |
| BNB | 0.13106765 | $598 | $78.32 |
| ETH | 1.84942287 | $1,858 | $3,435.71 |
| EUR | 56.29 | $1.08 | $60.79 |
| JUP | 183.94 | $0.40 | $73.22 |
| PENGU | 3038 | $0.00 | $15.08 |
| SOL | 5.93177352 | $123.84 | $734.59 |
| TerraM | 294.69 | $2.60 | $766.19 |
| TOKEN | 2,514.49 | $0.01 | $34.63 |
| TON | 40.26 | $3.98 | $160.24 |
| USDC | (201.21) | $1.00 | -$201.21 |
| USDT | 205.83 | $1.00 | $205.83 |
| $5,363.39 |
Last updated: April 2, 2025
Covered Calls with Long Perpetual Futures
After the extended market crash in February and March 2025, we decided to convert some deep in-the-money put options into covered calls with long futures. Currently, we are managing the following positions using long perpetual futures settled in USDC.
- 0.02 BTC (break even: $111,030)
- 2.1 ETH (break even: $2,723)
- 5 SOL (break even: $164.4)
As part of our strategy to recover these trades, we plan to purchase and convert them to spot positions on a monthly basis, utilizing half of our available free cash flow. The remaining half will be allocated toward debt repayment. If we were to fully convert these trades to spot positions, it would require an estimated $8,760.90 in available funds.
Holding long futures incurs a performance fee; therefore, we aim to limit our exposure to perpetual contracts by converting to spot once sufficient cash reserves are available.