Sorry I was dead wrong, of course, best project ever, to the moon, most legit guy in finance! Best team, best devs, best managament!
Ok. Still waiting for the numbers though.
There is something in between the two opinions you display
No need to talk in extremes.
I think it would be nice to have more information on expected returns and things like that given the current market and past performance of SV.
At least this way we can make a decision on more than just Sifu hype.
The initial sale was at $100. During the following month, I was able to increase redemption value to ~$120 via trades on ETH, CVX, CRV, GMX, and WMEMO. We also made a $500k VC investment into Aurora with extremely favorable terms (favorable price and vesting schedule). In mid May, we lost ~$9mm due to UST depeg, which was a very large portion of our treasury at the time. Since then, $SIFU has outperformed ETH by around 55% as we have been shorting and hedging during this market meltdown. As I have a high watermark, I earn nothing until losses are recovered and have also been donating personal profits to accelerate this process.
Since launch and including the major losses from UST, $SIFU has outperformed ETH by 8%. Glass half full
Similar to the Wonderland TM, its my job to source the best possible deals and invest for maximum potential yield. It’s difficult to put an expected yield % on this, I could show the defi trading/investment performance of my personal ENS which gained 4000% in two years, or the SV wallet which dropped by 57% in 2.5 months. The idea is that we trade and invest together, and share in the profits. I won’t stop after a 60% gain, any more than I would close up shop and try again after a 60% loss.
Do you plan to invest in some real life businesses (not crypto) in the future?
Yes. SV currently benefits from my personal investments in real estate and a mining operation, more to come.
i think this is a good idea and im all for it. its like double dipping in that we are investing in a coin that provides an ROI for us on their own investments. and the benefit of Sifu managing it who a lot of the remaining WL holders have a strong level of comfort with. i see no downside to this
As WL stakeholder, I approve this message.
Can @TheSkyHopper confirm whether this would take place before the redemption or after the redemption? And if it’s before the redemption - can you give us an understanding of how this will impact the current backing price?
As WL token holder I also approve this message.
Would be silly not too.
After redemption, so will not affect backing price calc for it.
Voted YES Bring it…
voted yes. as WL and Sifu holder.
Now I am doubting to use or not the WL redemption on 1st of July )
It seems a good move for both communities.
Great, thanks for confirming.
If it involves @Sifu I’m 100% in. I totally approve this move.
I left when Sifu was voted out, came back recently - very much for this, but why only 25 million? Invest as much as we can if he doesn´t want to come back!
You rock, Sifu! Thanks for the hamsters
Supporting this very much