What a weekend. The QuantAMM BTF Base Macro is up since Friday, up +8% (+53% since inception) even prior to incentives! It’s a trend following strategy between $WETH, $cbBTC, $AERO and $USDC. How did this strategy achieve this? Let’s dig in.
The Base Macro pool updates daily at midnight UTC. It was mostly in $cbBTC through Friday 10th, and at the start of Sat 11th, after the large downwards moves, it acted to increase its holdings of $AERO, from 3% of pool value getting up to 44%.
Why do this? The strategy generally prefers less volatile returns in $cbBTC and $WETH. But it realizes that $AERO tends to bounce back strongest after a big market upset. After Friday it allocated heavily into $AERO and has been rewarded for it.
Currently the BTF is taking its AERO profits, moving into a roughly even mix of ETH and BTC. On top of this, the BTF has capitalised from the volatility as an AMM pool, giving an APR of >1000% from the high volumes on Base.
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