Terramatris is a quantitative crypto research and investment hedge fund specializing in put selling on Bitcoin and Ethereum. Founded in 2023 by Reinis Fischer, our fund is dedicated to capitalizing on strategic opportunities within the cryptocurrency.
The fund operates in a hybrid mode utilizing the decentralized exchange (DEX) platform Raydium Automated Market Maker (AMM), while maintaining a private ownership structure. Although not currently registered publicly under any specific jurisdiction, our operational base primarily resides in Tbilisi, Georgia.
Swap on Raydium (Solana supported wallet required)
Funds performance (Weekly results)
Trading strategy
At our fund, we specialize in trading options with cryptocurrencies and reinvesting the premiums into a diversified portfolio of crypto assets (buying spot crypto). Currently, we are focused on expanding our crypto holdings by selling put options on Bitcoin, with occasional trades involving Ethereum and Solana. Additionally, we employ a strategy of selling covered calls on already established positions like Ethereum, Solana or TON.
We occasionally engage in selling covered calls on long perpetual futures and perform carry trades on cryptocurrencies, benefiting from the collection of funding fees from various crypto assets.
This strategic approach allows us to steadily grow our crypto portfolio while effectively managing risk and capitalizing on market opportunities.
Crypto Research & Analytics
Prior to executing our options trades, we meticulously analyze options Greeks and employ technical analysis methodologies to enhance our comprehensive understanding of the market. Continuously, we actively participate in the cryptocurrency community, diligently scouting emerging altcoins and engaging in crypto networking activities to remain abreast of market developments and opportunities.
Some of our observations are published on our blog and on the fund manager's YouTube channel
Risk management
As we expand our portfolio through the sale of put options, we employ hedging strategies using both options and futures. In the event of an underperforming put option, our preferred approach is to roll it down and forward, ideally securing a credit. In rare instances, we may accept assignment and transition to covered call writing, utilizing futures with leverage as collateral instead of the underlying coins.
To safeguard against market downturns, we consistently purchase put options with more than 45 days to expiration (DTE) as a protective measure for the portfolio. All of our options positions are backed by triggered based market entries on perpetual futures contracts, giving us hedge.
Holdings / Assets Under Management (AUM)
Our portfolio grows through multiple channels, including options trading premiums, cryptocurrency appreciation, and management and performance fees. Additionally, we occasionally receive complimentary coins through airdrops or rewards. A portion of our portfolio might be allocated for staking, thuis generating additional yield.
Below is a detailed list of TerraM token holdings.
| Coin | Count | Price | Buy price | Value |
| BTC | 0.00204322 | $58,960 | $53,246 | $120.47 |
| ETH | 0.07785523 | $2,358 | $2,715 | $183.56 |
| EUR | 365.26 | $1.09 | $1.09 | $398.13 |
| JUP | 24.69 | $0.73 | $0.81 | $18.06 |
| PAXG | 0.040973 | $2,585.48 | $2,398.31 | $105.93 |
| RAY | 14.106062 | $1.46 | $1.15 | $20.59 |
| SOL | 2.05052495 | $131.25 | $124.95 | $269.13 |
| TerraM | 337.67 | $1.55 | $1.07 | $523.39 |
| TOKEN | 1,366.24 | $0.05 | $0.08 | $65.83 |
| TON | 12.47 | $5.59 | $5.82 | $69.71 |
| USDC | 612.55 | $1.00 | $1.00 | $612.55 |
| USDT | 985.68 | $1.00 | $1.00 | $985.68 |
| XLM | 2,249.29 | $0.09 | $0.11 | $197.94 |
| $3,570.97 |
Last updated: September 16, 2024
RentYield Cash-Secured Crypto Options Fund
Besides our main TerraM fund we also manage RentYield Crypto Options Fund, which is a unique investment fund that reinvests income from rental properties into crypto options trading. Our primary strategy focuses on selling cash-secured put options on Ethereum (ETH) without leveraging, ensuring a balanced and risk-managed approach to generate steady income. By combining rental income with crypto options trading, we offer a dual-income stream for investors seeking diversified returns. We aim for about 3-4% monthly yield.
TerraM token
You can participate in TerraMatris crypto hedge fund by owning TerraM coin.
- Total supply: 10,000
- In circulation: 938 (9.38%)
- On Liquidity pool: 374 (3.74%)
- Price per token: $1.55
Not trading advice. Not soliciting for investment.
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.
Swap on Raydium (Solana supported wallet required)
Get in touch
If you are interested in learning more or participating in the fund directly, contact us now!