Introducing, Cuban’s Ape DeFi Strategy
Introduction
Apart from Elon Musk, the other billionaire who has been a vocal supporter of crypto is Shark Tank’s Mark Cuban. This strategy automatically gives you a balanced allocation to some of his favorite DeFi & NFT alts.
The Meme: Cuban’s Ape
“We have chosen to [accept Dogecoin] because sometimes in business you have to do things that are fun, engaging and hopefully generate a lot of PR. So we will take Dogecoin, today, tomorrow, and possibly forevermore.”
- Mark Cuban, owner of the Dallas Mavericks
This guy gets the hype surrounding crypto!
Investing Methodology
This simple strategy is a long-only basket of alts that Mark Cuban has gone on the record to publicly support. User deposits will be allocated evenly into ERC20 versions of 7 coins and tokens. This portfolio is themed around the acumen of a billionaire who deeply understands tech cycles.
Allocations
- 15% renDOGE
Because his basketball team accepts DOGE for ticket and merchandise payment! - 15% MATIC
He has made an investment (sum not disclosed) into Polygon, the internet of blockchains. - 14% AAVE
The money market platform is one of his first forays into Ethereum DeFi. - 14% SUSHI
Sushi has made his money and he found it easy to use. - 14% AXS
Axie Infinity is one of the most popular blockchain games, with a bustling NFT marketplace. - 14% INJ
Because it challenges Robinhood as a decentralized competitor. - 14% ALCX
The internet peeked into Cuban’s Ethereum wallet and found out he was holding ALCX.
Growth
This portfolio balances automatically once a month to maintain an even exposure to all 7 coins. This is a long-only strategy and has no yield farming incentives.
Risks
This index includes many small-cap alts, whose prices are highly volatile. This strategy should be used in conjunction with other components that can help to stabilize your overall portfolio.
About DAOventures
DAOventures is a smart multi-chain DeFi asset manager.
DAOventures provides a wide range of automated DeFi investment strategies and helps people manage their DeFi assets so that everyone can enjoy the full benefits of DeFi investment with the click of a button.
