Providing another update on the vault. Diversifcation of ZRX has been going well, while BAT continues to prove problematic due to onchain liquidity conditions. The vault is currently valued at 749k primarily due to a run up in ZRX.
We have continued to sell out of ZRX and BAT with <0.5% slippage and no measurable price impact. As a result the vault is currently holding only 7.7% of its total notional in ZRX, down from 44% in our last update! As a result the vault is now holding 55% USDC ($413k) 24% wstETH ($180k), 12% BAT ($91k) and 7.7% ZRX ($58k).
Volatility of the vault has creeped up over the past few weeks, and we expect the vault to continue allocating more into USDc to offset this.
We are continuing to explore integrating with offchain/onchain hybrids like Milkman to help get out of the BAT position and are in the process of exploring the implementation there.
Would be happy to hear any feedback, and feel free to take a look at the aera app itself for more details on the vault https://app.aera.finance/1/vault/v2/0x3D6eEf6A92b15361697698695334E98C5db91D6b!