A month ago I published a list of top Arbitrum builders with the potential to outperform the market.
Time to review my portfolio of:
$DPX, $PLS, $VSTA, $SPA, $JONES and $UMAMI
I share:
- Current performance
- Upcoming catalysts
- Some alpha leaks
Enjoy! ๐งต๐
Reminder why I chose the above 6 projects to my Arbitrum portfolio:
twitter.com/korpi87/status/1599750493244252165
Portfolio Summary
Performance (USD): +4.11%
Performance (ETH): +9.85%
Outperforming ETH is my target. So far so good.
Current allocations and individual performance on the screenshot.
For each token from my portfolio I will share:
- Price change from portfolio inception
- Allocation change (if I add to or reduce a position)
- Thesis behind this investment
- Upcoming catalysts
Let's go one by one!
$DPX
Price: +0%
Allocation: +10pp (doubled)
Thesis:
- Dopex Team are chads and they ship innovative products.
- Option market is gigantic in TradFi so it may be big in crypto too (?)
I doubled my position on #OpFi (DeFi powered by options) news:
medium.com/@tztokchad/options-options-options-8adfe1eecb8c
$DPX Catalysts
- Potential @orbitaldex airdrop for DPX holders - dex being built in collabortion with @PlutusDAO_io
- #OpFi teased by @tztokchad - products users want to use with options complexity abstracted away
- Why it's big for DPX:
twitter.com/systems_value/status/1609972814630760448
$PLS
Price: +32%
Allocation: no change
Thesis:
Plutus controls a lot of governance power of $DPX, $JONES and $SPA and the market may still underestimate its potential.
$PLS Catalysts
- Tokenomics 2.0 coming:
medium.com/@plutusdao.io/plutus-tokenomics-2-0-phase-two-8356bde2f13a
- Potential @orbitaldex airdrop for PLS holders - dex being built in collabortion with @dopex_io
- Great overview of the project with many detailed stats: twitter.com/defi_mochi/status/1608701813955649537
$VSTA
Price: +3%
Allocation: no change
Thesis:
- Thanks to many partnerships with other protocols $VST will become a key stablecoin on Arbitrum.
- $VSTA will get more utility beyond governance with clear value accrual.
$VSTA Catalysts
- New use cases teased for VSTA (not only governance token?)
- Second iteration of the protocol in the works:
twitter.com/vestafinance/status/1609498357105414145
- Real Yield for staking VST in Vesta Safety Vault (design phase):
twitter.com/vestafinance/status/1609002052033863680
$UMAMI
Price: +18%
Allocation: no change
Thesis:
- No token emissions + good team + good product (delta neutral vaults + institutional ETH staking)
- I could also say that @crypto_condom is bullish and that's a good enough reason ๐
twitter.com/crypto_condom/status/1606380370240409610
$UMAMI Catalyts
- V2 vaults have been heavily backtested and are coming soon
- Umami's special legal strucure makes it suitable for institutional investors
- @ArbiAlpha explains in details why institutions will use Umami products:
twitter.com/ArbiAlpha/status/1608362259545485313
$JONES
Price: -1%
Allocation: no change
Thesis:
@DAOJonesOptions is still valued like a small protocol built for Dopex options while it's tranforming into a yield conglomerate with a comprehensive suite of products.
twitter.com/FroyoFren/status/1590020994647101441
$JONES Catalysts
- Metavaults have proved to outperform naked LPing for $DPX and $rDPX (backtesting results):
twitter.com/DAOJonesOptions/status/1602733126983520257
- jUSDC and jGLP coming in Q1'23:
twitter.com/FroyoFren/status/1594695365659594752
$SPA
Price: -20%
Allocation: no change
Thesis:
Potential flywheel caused by projects wanting to pair their tokens with USDs for SPA emissions.
Concerns:
USDs supply hasn't been growing lately but I'm still observing.
twitter.com/korpi87/status/1599750536621748225
$SPA Catalysts
- Partnership with @rage_trade:
snapshot.org/#/speraxdao.eth/proposal/0x4e213742cee16505497c1d555adfa37b49597e0f23f7b11436e8393a28198d49
- Roadmap for 2023 coming with plans how to grow USDs
You can track or copy my portfolio on Nested app:
app.nested.fi/explorer/arbi:6062/iyys
If you copy it, you will be notified on any future changes.
I used @NestedFi to build my portfolio so you can easily track all the modifications I make in the future.
Nested is super user-friendly so even your grandma can create a portfolio while still maintaining self-custody over her funds.
twitter.com/korpi87/status/1594801449459888128
Disclaimers:
Nested charges fees: 0.3% on each operation and 0.8% on withdrawals: docs.nested.fi/general-information/fees-managment
I have an ongoing partnership with Nested because I like this product and I believe it can boost crypto adoption.
The content and opinions are mine.