Hotpot Fund V2 39th Weekly Report

Hotpot Sets
4 min readDec 14, 2021

Welcome to the 39 th 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.

December 6 to December 12

Revenue Performance (Last week)

As of 12 noon last Friday, the total present value of the Hotpot fund pool is $1,452,756 and the user has earned $207,504 with a real-time total return of 16.66%. In addition, Hotpot has earned a cumulative fee income of $264,853 for users!

Figure 丨 Hotpot Fund V2 liquidity pool data last Friday

The currency price retracement last week, Hotpot’s fee rate has increased significantly during this period, suitable for users to enter the market to earn revenue. However, some users perform frequent deposit and withdrawal actions in a short period of time, and even withdraw funds quickly after depositing funds within one day.

In fact, we don’t recommend operating under the condition that the fund income has not fully covered the deposit and withdrawal gas fees. This not only gives up the sweet fee income, but also easily leads to a loss of principal. Please give the wealth a little time, the real income data on the chain will prove everything!

Operation Section

Last Wednesday, Hotpot announced in the domestic and foreign communities and mainstream media that the new version of V3 is about to be launched, which quickly aroused enthusiastic attention and discussion from users.

Figure 丨 Hotpot V3 upgrade announcement

Hotpot is mainly based on earning fees, but its possibilities are far more than that. In general, the Hotpot V3 version has the following 3 functional and mechanism improvements:

(1) Open up the management authority of fund managers

The new version is compatible with a variety of different fund operation strategies, such as currency holding, index, and automatic rebalancing strategies.

(2)Flexible mechanism

This will be the biggest feature of Hotpot V3. Fund managers can flexibly set the fund parameters issued according to the characteristics of their own operating strategies, such as lock-up period, latest deposit time, user benchmark rate of return, and fund manager’s revenue sharing ratio. So as to better realize the benefits of the platform, fund managers and users!

(3)Enhance contract security

Hotpot V3 has enhanced the security of smart contracts to eliminate the operational security risks of fund managers and some potential security risks.

The news that Hotpot V3 is about to be launched in the near future made everyone excited and a lot of questions.

For example: Does V3 going online mean that it is not cost-effective to deposit V2 now? Will there be major changes in the new version of the liquidity pool rate of return?

In fact, after the Hotpot V3 version is launched, all users will undergo a migration (withdraw the funds in V2 and re-deposit it in V3). If users continue to inject new investment in V2 before then, they will only spend one extra gas deposit. But before the advent of V3, the platform has a high probability of earning this part of gas back, so users don’t need to be too entangled.

In addition, the operation of White Belly in Hotpot V3 will not change easily. Therefore, the rate of return of the corresponding liquidity pool will not change much in theory.

Hotpot is about to transform from a decentralized fund to a real DeFi fund platform. Community users and fans witnessed the wonderful process of a rising star. In the future, Hotpot will surely bring more surprises!

Figure丨Hotpot global media dynamics

Technology sector

The technical team is fully developing the Hotpot V3 version, so stay tuned。

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