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May 2021 Newsletter Recap

June 10, 2021

Hi Ember Crew,

We hope everyone has been safe and sound. Please see below for our monthly updates.

πŸ“± Company & Product Updates:

  • With mining fees coming down, minimums have been lowered to $500 on our newest portfolios!
  • USDC lending is coming to the Quant! More details to come!
  • We’re excited to announce the addition of a new member in our investment/finance team at Ember. Welcome Harsharn! Harsharn has an impressive background starting his career in investment banking at Wells Fargo, then various startups, and most recently at a $800M long/short hedge fund. Harsharn is a recent MBA graduate from the Wharton School of the University of Pennsylvania.
  • Ever want to mine BTC? The team is working on a new feature which will be announced in the coming weeks. πŸš€

πŸ”₯ Milestones:

  • We’ve completed the smart contracts that power our next generation of yield farming products! More to come in the following weeks.

πŸ“Š Fund Performance:

  • The Quant - "Sometimes the best strategy is not to play. The algo exited bitcoin on May 12th at $55,700 and a week later bitcoin went down as low as $30,681..." click here for the detailed fact sheet & outlook.
  • Marius 5 S-Tier - "This lull will probably last for the rest of June and we can then finally see pumps coming back in July when EIP-1559 and Optimism arrive..." To continue reading, click here for the detailed fact sheet & outlook.
  • Indexes - "After hitting record highs in May, ETH experienced a price crash representing a nearly 60% loss in value..." To continue reading, click here for the detailed fact sheet & outlook.


Please email us if you have any questions. πŸ™

Warmly,

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