OFFICIAL TREASURY UPDATE. Greetings Wilders,.
14 Mar 2023, 06:27
š„ OFFICIAL TREASURY UPDATE š„
Greetings Wilders,
This is a courtesy announcent and we wanted to assure you that Wilder World is not impacted by the shutdowns of Silvergate, Silicon Valley Bank and Signature Bank. Wilder World is well-diversified and continues to be well-positioned despite market events. Amid unfolding news, we further strengthened our treasury management by taking the following appropriate measures:
āļø We moved the majority of our treasury out of USDC on Friday afternoon and evening. It was the right thing to do given the asymmetric downside and uncertainty regarding USDC entering the weekend. As a result, we made a ~10% gain on the trade.
āļø We have the majority of funds in our bank account at one of the major four US banks and crypto (ETH + BTC).
āļø We are prepared to hedge if ETH goes below $1,400. This would reduce downside exposure due to price volatility.
Wilder World is in a fantastic position and in fact, we are more excited than ever about our progress and upcoming milestones.
Thank you for being a Wilder!
We salute you! šš½