Mudrex Treasury Fund May ’21: USD Fund PnL -6%; Coin Fund PnL 0.82% | Mudrex Blog

Kush Jain

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Mudrex

4 min readMay 29, 2021

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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 with 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:

May 2021 Performance: -13.46% Returns

May was a bad month for the markets overall. In reference to that, both the Mudrex coin Fund and USD Fund did well. Despite the ~40% correction in the crypto markets, the Mudrex treasury fund continued its steady performance.

Our USD Fund saw a loss of 6% while the Coin Fund actually grew in value by 0.8%. Having said that, the overall value of the portfolio was down by 13.46% because the USD value of the BTC in our Coin Fund fell by ~30%. Diversification came to our rescue and saved us from what otherwise could have been a disaster.

Performance till date: +68.47% in 8 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.

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 ~7.15%. Returns over the last 8 months are 10% lower 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 June 2021

We have now taken a very different approach to portfolio building and adding more rules. We have allocated ~70% of our portfolio to active long term trusted algos and another 30% to newer algos with less proven live returns that are promising for the future.

We have also expanded our Coin Fund to now include ETH and BNB offerings and increased the diversification

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:

Algos in Coin Growth Fund:

MisterCripto BTC Binance Coin Futures (22.5%)
PrimusAlgo Scalp BTC (22.5%)
Chimera BTC coin (Long Short)(22.5%)
Windfarm Advanced BNB (7%)
Buna Collect eth (13%)
King ETH (13%)

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Originally published at https://mudrex.com on May 29, 2021.