Hot Pot Fund Weekly Report NO.12
Hi, all hot pot fans:
Welcome to the 12th weekly report of the Hotpot Fund. We will continue to output the project’s operation and technology development progress for you, hoping to help you understand the first-hand market dynamics and better Defi investment decisions.
NO.5.17-NO.5.23
Data Section
Operation Section
Last week, due to news from the three major financial associations in China and rumors that USDT cannot be exchanged for RMB, the currency circle has plunged to varying degrees, and the entire currency circle has shown a downward trend as a whole.
The hot pot fund’s currency price volatility declined last Tuesday, and it continued to decline on Thursday. As of last Friday, the total fund income (including handling fees) rebounded at a yield of 20.23%, with an income of $162587.
The volatility of currency prices is unpredictable, but if we observe carefully, we can find that the liquidity income of hot pot funds has been increasing steadily. Especially on Thursday, when the currency price fell the most, the transaction fee income reached $6300 in a single day, and the cumulative fee income accounted for 72% of the total revenue, to a large extent, play a role in “covering the bottom” for users!
We hope that everyone will not be easily trapped by the market’s emotions about gains and losses, because hot pot funds are not looking at short-term speculative returns, but earning deterministic returns.
Although fee income will also be affected by currency price fluctuations, the rise and fall are more than price fluctuations. The range is small, the currency price fluctuates within ±50% in the short-term, users don’t need to care too much, after all, we are doing medium and long-term investment!
Last Wednesday, on the basis of in-depth research on Uniswap V3, the hot pot fund technology research and development team previewed some of the V2 version of the white paper. The complete “hot pot fund V2 white paper in Chinese and English” will meet with you this week soon, please stay tuned look forward to!
The recent volatility in the currency circle has indeed brought some thoughts to the insiders. Many fans realized that “chasing high and killing down” will never escape the fate of being dominated by the market, and have joined the hot pot fund.
Because everyone has a consensus: From the strategic point of view of long-term investment, let the market go wild, only deterministic returns are the safest.
Technology section
The development of the hot pot fund V2 version has entered the mid-term, and it is expected to meet with you in July.
Hotpot Fund is the world’s first decentralized investment fund. If you want to know more details, please contact us through official channels.
[Official contact]
Twitter ：hotpot.fund Medium ：hotpot-fund Email：hpt@hotpot.fund
