Investment Framework

Denomination

USDC.

Portfolio Composition

Blizzard does not actively diversify investments but instead aims to maximize investment size within a safe risk range. As a result, it typically maintains 3 to 4 investments at a time for the long term.

In addition to Ethereum and EVM-compatible ecosystems, Blizzard also invests using smart contracts on Solana and utilizes centralized exchanges such as Binance and Hyperliquid.

Portfolio Adjustment

We will switch portfolio investment based on adjusted yield, using methodology described in the previous section to assess risks arbitrarily. We expect most investments made by Project Blizzard to be a short-term one, about one week in duration.

Portfolio Fees

The fund manager charges a 25% carry on the yield of Projact Blizzard portfolio, settled twice a year.

Portfolio Entry and Exit

LPs can request to enter and exit the project any time. The investments are liquid like other projects managed by Serenity; however, due to the nature of these investments, the maximu exit time can be up to one week.

Portfolio Disclosure

Project Blizzard is close-end, custodian-basis and is only available to clients of Serenity Research. The portfolio will not be disclosed, but some investment analysis post-investment will be shared via Serenity Research's Twitter.