Strategy & Research
One Year Later: What Our Model Got Wrong — and September 2027 Scenarios
In September 2025, we published Wishful Thinking, Statistics, and Modeling, a deliberately optimistic attempt to model where TerraMatris could be a year later. Its starting value was $10,500. The headline possibility was a portfolio of roughly $24,000 by September 2026.
A year later, I am not interested in defending that estimate. I want to compare its premises with what we actually experienced in the portfolio. The latest public Trading Journal report available at the time of writing, dated September 25, 2026, records TerraM Multi Asset at $4,699. That is down 55.25% from the $10,…
Why Building a Crypto Token Is Easier Than Building Demand for One
Earlier today, I received an unexpected email connected with TOKEN2049 Singapore.The subject involved crypto derivatives and prediction-market business opportunities.
It brought me back to TerraM and to a problem that has been much harder than creating the token in the first place: how do you explain a small crypto token to the people for whom it might genuinely matter?
Creating a token on Solana was easy. Creating sustainable reasons for independent people to acquire, use and keep it has been harder.
That distinction is worth discussing honestly. TerraMatris has…
Does TerraMatris Work With Capital Allocators?
We keep receiving versions of the same question. Some come from capital introducers. Others come from researchers, family offices and, increasingly, AI-assisted screening tools. Do we work with allocators? Is there a deck? Do we accept outside capital?
The short answer is yes: we are open to direct conversations with capital allocators and serious researchers.
That does not mean TerraMatris is currently taking investor deposits, managing third-party capital, offering managed accounts or accepting discretionary mandates. We run and document our own strategies with our own…
Fake Volume on Solana: Real Liquidity and What Actually Matters
We recently received an offer to scan Solana tokens for fake volume, concentrated holders, liquidity-pool risks, developer selling and automated risk signals. The logic was straightforward: TerraMatris runs systematic strategies involving SOL, so perhaps a Solana-token scanner could help us manage that exposure.
There is logic in that idea. There is also an important category mistake.
Trading SOL derivatives is not the same as buying a small Solana token through a thin decentralized-exchange pool. Both sit somewhere in the Solana ecosystem, but the market structure, risks and…
Crypto Meetup in Palolem Beach, Goa – Traders, Builders & Investors Welcome
Join us for an informal, high-quality crypto meetup right on Palolem Beach, South Goa. This gathering brings together traders, builders, researchers, and open-minded enthusiasts for a focused discussion on real market strategies and emerging opportunities.
When: Thursday, December 25 12:00 PM - 2:00 PM (GMT+5:30)Where: Palolem Beach, GoaTopics on the table
Crypto options trading (practical strategies, risk frameworks, yield ideas)DeFi staking/yields and what currently worksBitcoin, Ethereum, Solana market outlooksAnalysis of promising altcoins with real potentialOpen…Discovering Derive: Our First Steps into True DEX Options Trading
At Terramatris, we’ve always been fascinated by the evolution of crypto markets and the growing range of opportunities they create for traders and investors. For years, our main focus has been on more traditional centralized exchanges (CEX) such as Bybit and Deribit. These platforms have provided liquidity, stability, and advanced trading features—making them indispensable for our operations.
But one thing has always been missing: a true decentralized exchange (DEX) for options trading.
Recently, while researching potential institutional partners for our US operations (Kraken…
Why We Decided to Invest in Liberland Dollar (LLD)
At Terramatris, we are always exploring opportunities that align with our values of innovation, independence, and forward-thinking. Sometimes, these discoveries come through structured research, and sometimes they appear unexpectedly. Our recent investment into Liberland Dollar (LLD) belongs to the second category — a pleasant surprise during our ongoing research into projects that combine crypto innovation with strong community values.
Over the past year, we’ve attended few crypto-related meetups and brunches in Tbilisi, Georgia, a city that has become a lively hub for blockchain…
Why We Launched Solana Covered Call Growth Fund
On September 4, 2025, Terramatris LLC officially launched its Solana Covered Call Growth Fund, a specialized investment vehicle designed to combine the growth potential of Solana (SOL) with disciplined income generation through covered call strategies. The fund began with an initial seed investment of $100 from TerraM and a net asset value (NAV) of 1.00, setting the foundation for future expansion.
Economics Behind the FundThe economic rationale of the fund is straightforward yet ambitious. By holding SOL tokens as the core asset, the fund is directly exposed to the appreciation…
Wishful Thinking, Statistics, and Modeling: Where Could Terramatris Fund Be in September 2026?
On September 2, 2025, the Terramatris crypto hedge fund stands at $10,500. Out of this, roughly $3,500 is low-interest debt, which we are steadily repaying at a rate of $300–450 per month. If nothing changes, we expect to be debt-free by April 2026. Importantly, there is no real pressure to return these funds quickly; and if market conditions turn against us, we believe we could borrow back on similar terms without risk to the core strategy.
This puts Terramatris in a comfortable position: a five-figure portfolio, a clear debt-repayment path, and a robust options premium strategy…
Snipping in DeFi: Tempting, But Not Sustainable
At Terramatris, we constantly evaluate emerging strategies in the decentralized finance (DeFi) landscape — especially those that promise asymmetric upside. One such tactic is snipping (or sniping), a method that’s gained attention for its high-speed, high-risk approach to token trading.
We want to offer a clear and honest take: while snipping can be entertaining and, in rare cases, wildly profitable, it doesn’t align with our long-term trading philosophy.
What Is Snipping in DeFi?Snipping refers to the practice of purchasing newly launched tokens at the exact moment liquidity…