Mudrex Treasury Fund Apr 2021 update: -0.8% returns | Mudrex Blog
When we started building Mudrex in Oct 2018, we just wanted to solve our own problems. Automating trading was hard, finding quality strategies and signal providers was difficult, and the crypto world was filled with scams. We wanted to build a trustworthy, reliable, and scalable platform that just works and helps us grow our money.
2 years from that point, in Oct 2020, we made our first investment from the companies books. We paper traded for 6 months, ran countless backtests, and detailed risk analysis. After all, this was the company’s money, not something we could just afford to play with. Our literal survival depends on Mudrex having funds till we monetize at scale.
We started was a modest sum of 4000 USD, and paid all the fees any other user would need to pay, but it marked an important point in our journey. Today we are at a 100k investment (that is 50% of our treasury size)! This is the first of many products we plan to offer in the future under the ‘Mudrex Fund’ umbrella. Over the next year, we plan to scale this up to ~20 Mn USD. Performance details below:
Apr 2021 Performance: -0.8% Returns
It finally had to happen. After 6 months of record growth, Apr 2021 was the first month where we saw a loss. The overall Crypto market tanked by ~12%. Despite this significant drop, the Mudrex treasury fund continued its steady rocksolid performance.
Our USDT Growth fund actually just saw a 3.5% growth and most of the loss came in because the USD value of the BTC in out BTC growth funds fell by ~10%. Diversification came to our rescue and saved us from what otherwise could have been a disaster.
Performance till date: +94.7% in 7 months
We started with paper trading to identify core strategies. 70% of the investment always goes into strategies that have a long performance history and have been well tested. This core is used to offer steady, month-over-month, consistent gains. The remaining 30% is distributed among less proven strategies that have shown a burst of growth in the recent past.
Here is the last 5 month performance
Investment History
We have steadily grown the investment amount from 4,000 USD in Oct to now 100,000 USD. We have had an average monthly return of ~10.02%. Returns over the last 7 months are 20% higher than the expected return of ~8% per month (based on 6-month paper trading history). As time progresses and the market calms down we expect the average to reduce and plateau off. We also expect some more loss-making months.
Portfolio setup for May 2021
We plan to increase both the amount and the number of algos we invest in. For Apr 2021, we have chosen 19 algos to deploy capital across 2 different funds, one aimed at steady USDT growth another one for BTC growth.
Transparency is a value we strongly believe in. We think that more people can benefit from our analysis and hence we are opening up our entire portfolio for everyone to look at and get inspired from. We hope this helps users find the best options for their investment.
Resources
Public sheet with Mudrex Treasury portfolio performance info and allocation
Algos in USDT growth fund:
ACE ETH (~15%)
King ETH Futures(~10.5%)
King ETH Spot (~10.5%)
Chimera BTC Spot(~7.5%)
Windfarm ETH(~7.5%)
ETHUSDT-TrendFollowing(~7.5%)
Rigel SAFU(~7.5%)
Windfarm BNB (7.5%)
Hugonacci Lite(~5%)
Webneshin (~5%)
VdETT76- ETH Scalping(~4%)
VdETT76 — Cocktail for ADA (~4%)
VdET76T — ADA (3.5%)
PrimusAlgo Scalp USDT(2.5%)
MisterCripto BTC Binance Futures(2.5%)
Algos in BTC Growth Fund
MisterCripto BTC Binance Coin Futures (25%)
PrimusAlgo Scalp BTC (25%)
Chimera BTC Accum(long only) (22%)
Chimera BTC coin (Long Short) (28%)
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Originally published at https://mudrex.com on April 28, 2021.
