10102 Quarterly #6
Why 10102 Etherbase Vault
It's time our fund's name reflected its innovative strategy.
A vault is emblematic of a smart contract safe, where value can be securely stored. True to this analogy, our fund operates within a smart contract framework, ensuring on-chain accessibility at all times.
The term 'Etherbase' in Ethereum refers to the account designated to receive mining rewards, symbolizing the foundational layer where new assets are introduced into the ecosystem. This term resonates with our fund's core ambition to invest in the fundamental components of the Ethereum infrastructure.
By aligning with the genesis of asset creation on Ethereum, '10102 Etherbase Vault' embodies our long-term commitment to the robust and thriving Ethereum ecosystem. Moreover, with ETH as our performance benchmark, we gauge our fund's performance against Ether's market dynamics, reinforcing our deep-rooted engagement with the Ethereum network.
Snapshot Q3 2023
NAV: 0.774 ETH | September: +6.36% | Quarter: +1.28%
Strategy
Our last quarter's strategy hit the mark:
“Looking back over the past two years and focusing on the big picture, it seems that this year is situated between a cycle bottom and sideways movement. Generally, this is the best time to accumulate based on conviction, regardless of any other factor. That’s what taking the long view is all about.
Therefore, I’d like to propose a simple framework for consideration - can you endure and remain resilient for another six months of the same trends? If so, you are in the right place; don’t expect any significant changes in the next quarter.“
The accuracy of this statement stands firm today. Although mundane, we anticipate a shift in the narrative soon, potentially providing a glimpse into 2024's landscape. Our unwavering conviction continues to be our guiding light through these times.
Portfolio updates
Accumulating foundational assets continues to be our primary focus, and we've been diligently doing so. Check the activity tab for a detailed overview, or see the summary below.
Asset Accumulation
Powered Up: +38k GRT | +6k MATIC | +1k LINK | +245 MLN
Powered Down: -5k IMX | -1k BAL
AAVE: GHO liquidity was initiated on Balancer.
Chainlink: the newest Chainlink product might be a game changer. Read From TCP/IP to CCIP.
TheGraph recently announced the substreams-powered subgraphs, boosting indexing performance (100x speed).
Polygon announced a token upgrade (MATIC to POL, coming soon). Read more about Polygon 2.0: Tokenomics.
Fund Information
10102 Etherbase Vault
10102 Etherbase Vault symbolizes our strategic initiative to invest in the fundamental components of Ethereum for the long-term. This fund is rooted in the core principles of Ethereum, embodying a forward-thinking approach to blockchain investment.
Contact Us
For inquiries or document requests, please reach out to us at info@10102.io.
Note: Participation is open to US accredited investors only.
Our Team
10102 Etherbase Vault is managed by 10102, a team dedicated to futuristic blockchain research. 10102 previously managed Tokenpot Capital (2015-2019).
Community Engagement
Discord Community
We value our community and want to stay connected. If you're on Discord, join us as we launch the 10102 Community. We’ll keep you updated with the latest news and developments.