General comments
The end of June saw a major update rolled out for the GV platform. See the Genesis Vision official blog for more detail:
https://blog.genesis.vision/genesis-vision-update-a-level-up-d01ef51c42a
Programs on the whole did poorly which was disappointing, with some notable capitulations in certain prominent programs. The new program level system goes some way towards mitigating against catastrophic losses and the improvements are welcome.
GVT price action has left speculators frustrated and offloading their positions, but platform users are taking the opportunity to accumulate GVT by utilizing the token within the platform. There has been significant growth in GV Funds, with the largest funds now rivaling the equity of the largest programs. New funds are being created while the setup cost (50 GVT) is relatively cheap in USD terms. If price history is any indicator, 50 GVT may prove in the future to be beyond the reach of many users who might otherwise be interested in managing funds.
JL Platform programs and funds overview
The beginning of June was relatively quiet, with a flurry of activity concerning the JL portfolio of programs and funds in anticipation of, and in response to the July 1 platform announcement. While it was disappointing that the GVBIX Blue-Chip and Blue80 Plus20 programs de-levelled as a result of the update, the new level system itself is conducive to the improving health of the platform and so the outcome is satisfactory from that perspective.
The GVBIX series of programs was launched with three indices initially, with two more planned. See link for detail: https://steempeak.com/investing/@jlgv/genesis-vision-benchmark-index-gvbix-series
The Tiered GV Assets Index series was also launched, with coverage of the entire GV funds asset offerings. See link for detail: https://steempeak.com/investing/@jlgv/fund-description-tiered-gv-asset-indices
Spec Alt Picks fund was closed. The strategy was deemed not appropriate given the asset and rebalancing constraints of GV Funds. The recovered funds were re-appropriated into the newly launched Tiered Index Funds.
Hi-Cap Alt Picks has been marked for a re-work, and its strategy will be updated by the end of August. The general risk profile will be approximately the same as previously, but with a broader scope and more fundamental research to be demonstrated.
JL Programs
| Program | Link | Sector Coverage | Entry Fee^ | Success Fee | Comment |
|---|---|---|---|---|---|
| GVBIX Blue-Chip | https://genesis.vision/investor/programs/jlp5 | ≈79% | 2.00% | 1.67% | Index will be extended to include XRP. Rebalance planned for mid-July |
| BlueChip80 Plus20 | https://genesis.vision/investor/programs/jlp6 | N/A | 2.00% | 3.33% | BNB and HT positions were sold at ≈50% profit, with proceeds used to overweight ETH. XRP position was added |
| GVBIX Top Altcoins | https://genesis.vision/investor/programs/jlp7 | ≈82% | 3.00% | 2.33% | Rebalance planned for end of July |
| GVBIX USDT Global | https://genesis.vision/investor/programs/jlp8 | ≈95% | 3.00% | 2.33% | Rebalance planned for end of July, extending the volume data to 60d, with the end-goal of extending to 90d by end of August. |
^ Entry fee only payable on programs that are level 3 or higher.
JL Funds
| Main Funds | Link | Entry Fee | Exit Fee | Comment |
|---|---|---|---|---|
| Blue-Chip Index Fund | https://genesis.vision/investor/funds/jl-indexfive | 0.20% | 0.20% | ≈83% coverage. Next rebalance planned for end of September. |
| TopAltcoinIndex Fund | https://genesis.vision/investor/funds/indexten-030-020 | 0.30% | 0.20% | ≈81% coverage. Next rebalance planned for end of September |
| Hi-Cap Alt Picks | https://genesis.vision/investor/funds/cheap-hot-alts-01970 | 0.67% | 0.67% | Will be repurposed by end of August |
| Exchange Sector | https://genesis.vision/investor/funds/jlfund100 | 0.30% | 0.20% | May consider adding WAVES when their DEX launches |
| Tiered Index Funds | Asset Ranks | Link | Relative volume | Entry Fee | Exit Fee | Comment |
|---|---|---|---|---|---|---|
| Tier 1 GV Assets Index Fund | #10 - #30 | https://genesis.vision/investor/funds/jlf11 | ≈87.15% | 0.33% | 0.33% | - |
| Tier 2 GV Assets Index Fund | #31 - #100 | https://genesis.vision/investor/funds/jlf12 | ≈10.89% | 0.33% | 0.33% | - |
| Tier 3 GV Assets Index Fund | #101 & below | https://genesis.vision/investor/funds/jlf13 | ≈1.96% | 0.33% | 0.33% | Significant price slippage risk for assets in this tier, invest with caution |
| Single-asset Funds | Link | Entry Fee | Exit Fee | Comment |
|---|---|---|---|---|
| BNB Hedge | https://genesis.vision/investor/funds/bnb-hedge | 0.10% | 0.10% | - |
| LTC Hedge | https://genesis.vision/investor/funds/eth-hedge | 0.10% | 0.10% | Link is correct - fund was re-purposed from 'ETH Hedge' |
| XRP Hedge | https://genesis.vision/investor/funds/xrp-hedge | 0.10% | 0.10% | - |
Other comments
The steempeak blog interface has been a welcome discovery, and has been far superior to the previous wix offering.
Thanks for reading.
JL
This blog is not financial advice. This is an independent blog. Please do your own research. You are responsible for your own investment decisions. The views and opinions expressed in this article are those of the author(s), and do not necessarily reflect the views and opinions of Genesis Vision or its affiliates.