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Crypto Market Cycle
We run it as a quantimental book, so the factor models come into a dashford. When that wanes and our models say you need to take the bat exposure of the book down, ye, we basically, first we'll hedge, and then when those models really roll over, we will go to cash completely. And when i say cash, ye, i mean stable coin farming, where we're ern anywhere between 20 and 35 %.