DeFi Seven Portfolio

Thesis

An equal-target spot portfolio of AAVE, ENA, LINK, SKY, ARB, UNI and MORPHO, funded with Ethereum USDC, with no price forecast.

Strategy

• Equal targets: Conservative defaults target 5% of allocation in each token, with the remaining 65% in USDC. • Drift rebalance: Hourly checks allow one rebalance per token per daily window when drift exceeds 20% of its target and costs are acceptable. • Pause after outside close: Missing prices or routes leave that sleeve in cash, and an observed external full close pauses repurchases for seven days.

Exposure

• Holds: Seven tokens and USDC — Token holdings of AAVE, ENA, LINK, SKY, ARB, UNI and MORPHO, not protocol deposits or leveraged positions, with the rest in USDC. • Venue: Ethereum swaps — Fund the allocated USDC and Ethereum gas and activate through Terminal. • Leverage: None — These are token holdings, not leveraged positions. • Costs: Gas, swap fees, slippage — Gas, swap fees and slippage can cause losses and tracking error. • Data: Circuit — Uses fresh Circuit valuations and executable swap quotes. • On unwind: USDC — Stopping sells all session-held basket tokens into USDC, subject to executable routes.