1 Year, 1800 % .

A successful investment experiment.

Not a back-test or a simulation. This proof of strategy involved real money and an actual implementation of the Ouroboros strategy.

Radical was an on-chain investment fund set up with private capital to prove a strategy's competency to investors. The experiment ended exactly a year later with $1.5M, on an initial investment of $70K, returning 18x.

While 1 year is not long enough to witness the markets turbulent nature, Radical has now converted into a more formalised structure as εFinney, where we will continue to prove the competancy of Ouroboros.

Go To εFinney

Disclaimer: Past performance is not indicative of future results.

Portfolio
Timeline

July 2020
🚀 RADICAL Deployed
$70K
Investment
$1
Per Unit
Deployed as an on-chain fund using smart contracts on the Ethereum blockchain, due to its low set-up cost and time.

Furthermore, the 'on-chain' characteristic of the fund created transparency and allowed open auditability to the investors we were trying to showcase our strategy to.
Notable tools used:
Ethereum
Metamask
Aragon
Tornado
Curve
Uniswap
Compound
$AMPL
$Ampleforth
+745%
Ampleforth is a protocol that produces and burns an algorithmic, un-collateralised stablecoin pegged to the US Dollar.
Ampleforth
$AMPL

The fund invested in Ampleforth. Which returned 745% in the span of 8 months.

Cause/s: Tether controversy & lawsuit + Need for a detached decentralised stablecoin + Market's yearning for "the next Bitcoin".

Effect: Ampleforth was established as the only detached supply elastic 'stablecoin' at the time, catering to the above causes.

Proof of investment
Investment Cause/s
Tether controversy + lawsuit
Need for a detached decentralised stablecoin (unlike popular alternatives: USDC, USDT, etc.)
Turning point in AMPL's elastic cycle.
$ETH
$Ethereum
+840%
Ethereum is a decentralized, open-sourceblockchain with smart contract functionality. Ether (ETH) is the native cryptocurrency of the platform.
Cause/s
Demand for smart contract based applications rising - Ethereum at the forefront of the smart contract race.
Demand & supply dynamics - EIP1559 (burning of ETH) + ETH 2.0 merge underway (staking of ETH).
Stronghold on the DeFi (Decentralised Finance) ecosystem.
Ampleforth
$AMPL

The fund invested in Ampleforth. Which returned 745% in the span of 8 months.

Cause/s: Tether controversy & lawsuit + Need for a detached decentralised stablecoin + Market's yearning for "the next Bitcoin".

Effect: Ampleforth was established as the only detached supply elastic 'stablecoin' at the time, catering to the above causes.

Proof of investment
$UMA
$UMA
+220%
Universal Market Access (UMA) is a protocol for the development, issuance, and settlement of derivatives for any underlying asset built on the Ethereum blockchain.
Cause/s
Financial derivatives, but decentralised - lower costs, quicker deployment, frictionless access to users.
Boom in decentralised trading and DeFi in general.
Ampleforth
$AMPL

The fund invested in Ampleforth. Which returned 745% in the span of 8 months.

Cause/s: Tether controversy & lawsuit + Need for a detached decentralised stablecoin + Market's yearning for "the next Bitcoin".

Effect: Ampleforth was established as the only detached supply elastic 'stablecoin' at the time, catering to the above causes.

Proof of investment
$SNX
$Synthetix
+170%
Synthetix is a protocol that enables the issuance of synthetic assets on the Ethereum blockchain, supporting synthetic commodities (like gold and silver), cryptocurrencies, inverse cryptocurrencies, indexes, stocks, and fiat currencies.
Cause/s
Rising demand for non-blockchain based assets denominated in crypto assets.
Demand & supply dynamics - staking of SNX to mint synthetic assets, taking away from its liquid supply.
Ampleforth
$AMPL

The fund invested in Ampleforth. Which returned 745% in the span of 8 months.

Cause/s: Tether controversy & lawsuit + Need for a detached decentralised stablecoin + Market's yearning for "the next Bitcoin".

Effect: Ampleforth was established as the only detached supply elastic 'stablecoin' at the time, catering to the above causes.

Proof of investment
$UNI
$Uniswap
+835%
Uniswap is a blockchain-based asset exchange. It uses an Automated Market Maker (AMM) mechanism that facilitates trades without the need for a centralized party. Uniswap distinguishes itself from other crypto exchange platforms by being completely decentralized and maintains liquidity by incentivizing users to contribute their assets to liquidity pools.
Cause/s
Rise in digital assets = rise in demand for digital asset exchanges.
First mover on the AMM mechanism: simplest implementation of a DEX (Decentralised Exchange).
Ampleforth
$AMPL

The fund invested in Ampleforth. Which returned 745% in the span of 8 months.

Cause/s: Tether controversy & lawsuit + Need for a detached decentralised stablecoin + Market's yearning for "the next Bitcoin".

Effect: Ampleforth was established as the only detached supply elastic 'stablecoin' at the time, catering to the above causes.

Proof of investment
Other
Investments
$Other
Investments

The
Others

Asset
Return
Streamr
$DATA
+196%
Synthetix
$SNX
+170%
Yearn
$YFI
+136%
Band
$BAND
+124%
Tellor
$TRB
+115%
Meta
$MTA
+109%
Numerai
$NMR
+57%
Graph
$GRT
-25%
Nexus Mutual
$NXM
-27%
Keep
$KEEP
-34%
NuCypher
$NU
-36%
The performance displayed here takes into consideration the total investment made into each asset over the 1 year time span, against the total amount withdrawn from said assets. The difference between the two is what gives us the return.
The return for Ether is calculated using the price of ETH at the date of initial investment against the price on the date of final withdrawal.
July 2021
First
Birthday
$1.5M
Closing Capital
$18
Per Unit
With an initial investment of $70k, the fund closed a year later with $1.5M, generating a return of 18x on invested capital. Being an 'on-chain' fund, the performance and complete transaction history is fully viewable and auditable by anyone via the custody address.

While Radical has officially closed, fund management operations have officially moved to εFinney.

Disclaimer: Past performance is not indicative of future results.