Hookholders,
We have just increased the size of our HOOK/Index pool with a new position of 3,333 USDG, taking the total across our $AI and $Index positions to around 9,000 USDG.
The reserve now stands at 11,554 USDG, 78% of it working on the desk.
hookhook.capital/reports
We have just added the HOOK/Index pair to the terminal.
You can now view our holdings, fees earned, and where the pool sits in the range.
$AI and $Index, side by side.
hookhook.capital/reports
Hookholders,
The HOOK/AI position was seeded with 4,000 USDG. Today it is worth 4,850, and has taken in 8.8M HOOK. The pool has done about $17k in volume to get there, and every HOOK it took in was bought on our main pool first which fed our flywheel.
People underestimate what this looks like at scale. That is one pair with little size. Every pair works the same way: when the paired token moves up, arbitrage has to buy HOOK on our main pool to reprice it, and every one of those buys pays the hook fee. More pairs, bigger positions, more buys, more for stakers and the reserve.
We will continue to allocate our reserves to areas that will feed the machine and grow our reserve.
We will continue to bet on the @RobinhoodCrypto ecosystem and the patient ones will win.
(🪝,🪝)
@bakreemah Most of the buybacks from the new machine have came from: 0x4f611AF0A2b748312f4F69676516b0a2f94B1a23 and 0x259359c4Ab37E09bC791780A43c8c23cba2E1d42
Hookholders,
Twelve days in and our hook has generated $53.5k in fees. 80% of that has bought HOOK directly on the market for stakers. The other 20% has gone into the reserve as USDG, a share of it as backing behind $HOOK
Thank you for your attention to this matter.
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