XRP
Trading Covered Calls on XRP with Deribit
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At Terramatris we are always exploring new ways to structure option strategies around crypto assets. One of the more interesting challenges we’ve faced recently is figuring out how to trade covered calls on XRP.
Our favorite trading platform, Bybit, unfortunately does not yet offer XRP options. That left us looking for alternatives, and naturally, Deribit became our next candidate. Deribit does offer XRP options, but as always, the devil is in the details.
The Challenge: Collateral Rules on DeribitDeribit lists XRP options, but they are settled in USDC. At the time of writing,…
Episode 94 / Crypto Fund Surges 10.76% Weekly / XRP Backed Loan
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As of June 6, 2025, the Terramatris crypto hedge fund value stands at $7,546 showing very strong weekly growth of +10.76% or +$733 in dollar terms.
At one point during the week, the fund briefly exceeded the $8,000 mark, setting a new all-time high. Unfortunately, by week’s end, its value experienced a pullback.
Nevertheless, it was an impressive and encouraging week overall.
The growth primarily stems from securing an XRP-backed loan, which we are using as collateral to generate yield by selling options on ETH. We are still evaluating the impact and structure of…
Episode 70 / TerraM Crypto Hedge Fund Weekly Recap: XRP Joins the Portfolio, Fund Drops 1.8%
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Good afternoon, ladies and gentlemen. My name is Reinis Fischer, CEO and founder of TerraMatris Crypto Hedge Fund. Today is December 19, 2024. As the year approaches its end, I bring you this week’s recap from a more exotic location – the beautiful southern part of Goa, India.
What is TerraMatris?TerraMatris is a quantitative DeFi crypto hedge fund focusing on advanced option trading strategies, particularly in put options. Our mission is to maximize growth while minimizing risk in the cryptocurrency market. Investors can participate through our native TerraM token, available on the…