DeFi Ecosystem Portfolio Management Specialist
Budget: $10 – $30 USD
Seeking a concentrated, multi -layer investment portfolio of Defi ecosystem project/ protocol/ platform tokens. Seeking VC style exposure (Up to twenty -five constituents). CAGR requirement minimum 35% over five years, with a median portfolio Sharpe of 0.70 over the five-year period. Explicitly seeking optionality, convexity and asymmetrical upside return profile and recognize the fat tail and high churn dynamics, likely to endure. The anchor principal/ framework guiding portfolio selection/ curation should be a recognition of the winner take all, consolidation and wasteful activity cancellation dynamics overwhelmingly likely to playout in the ecosystem. A semi market cap weighted approach is preferred while actively managing concentration risk.
Requirements from the service provider:
Investment/ portfolio management and keen understanding of the macro dynamics, noises and signals critical to the space but more crucially an expert equity research analyst like skills/ tools/ mental and theoretical frameworks for evaluating the micro and granular aspects of the protocols/ platforms/ applications etc.
Experience of at least two to three major crypto cycles.
Access to not just mainstream, conventional data and analytics for the Defi ecosystem but idiosyncratic, micro and granular data and analytics access.
Educational/ Professional background in investment and portfolio management will be seen as a positive and qualifications/ certifications covering blockchain technology, cryptography will be seen as additional positives.
Demonstrated proprietary research or investment frameworks/models for Defi tokens will be seen as positive.
When considering projects/tokens of which layer to invest in, consideration to the following:
1) Which layer has the maximum TAM potential, most runway for growth?
2) Which layer is likely to have businesses with the most defensible and sustainable MOAT's ?
3) Projects of what layer are likely to offer maxium optionality, convenxity and potential for ayysmterical return, this is not about valuations but the intrinsic nature of the businesses?
4) Projects of what layer are likely to exhibit most winner take all, network effect and scale economies centric value generation potential?
5) Projects/ tokens of which layer are likely to be able to capture the positive externalities from developments in other layers i.e a sort of systemic/ intrinsic system value capture?
6) Low reinvestment/ low maintenance capex, High Contribution margin, low operating leverage, High ROIC- projects of which layer is likely to have these traits?
Requirements from the service provider:
Investment/ portfolio management and keen understanding of the macro dynamics, noises and signals critical to the space but more crucially an expert equity research analyst like skills/ tools/ mental and theoretical frameworks for evaluating the micro and granular aspects of the protocols/ platforms/ applications etc.
Experience of at least two to three major crypto cycles.
Access to not just mainstream, conventional data and analytics for the Defi ecosystem but idiosyncratic, micro and granular data and analytics access.
Educational/ Professional background in investment and portfolio management will be seen as a positive and qualifications/ certifications covering blockchain technology, cryptography will be seen as additional positives.
Demonstrated proprietary research or investment frameworks/models for Defi tokens will be seen as positive.
When considering projects/tokens of which layer to invest in, consideration to the following:
1) Which layer has the maximum TAM potential, most runway for growth?
2) Which layer is likely to have businesses with the most defensible and sustainable MOAT's ?
3) Projects of what layer are likely to offer maxium optionality, convenxity and potential for ayysmterical return, this is not about valuations but the intrinsic nature of the businesses?
4) Projects of what layer are likely to exhibit most winner take all, network effect and scale economies centric value generation potential?
5) Projects/ tokens of which layer are likely to be able to capture the positive externalities from developments in other layers i.e a sort of systemic/ intrinsic system value capture?
6) Low reinvestment/ low maintenance capex, High Contribution margin, low operating leverage, High ROIC- projects of which layer is likely to have these traits?