I Check The Exit First 👀
Show me a 12% yield and my first question isn't where the 12% comes from.
It's what happens when everyone wants out.
Can the collateral actually be sold?
How deep is secondary liquidity?
Is there a primary redemption route?
What happens if borrowing costs suddenly erase the carry?
This is where I think the curator thesis gets underestimated.
Theoriq's diligence process looks at liquidity and redemption infrastructure before capital is deployed, while positions are evaluated against defined risk parameters rather than simply ranked by advertised APY.
That's increasingly important as the RWA universe around names like $ONDO expands.
More tokenized assets means more potential collateral.
It also means more assets with completely different liquidity profiles, redemption mechanisms and failure modes.
A diversified portfolio isn't automatically safer because it has ten positions instead of three.
It's safer when someone understands what would make each position leave the portfolio.
For me, the unwind path is part of the investment thesis.
Not the emergency plan after it.
#Altcoin Season#
Show me a 12% yield and my first question isn't where the 12% comes from.
It's what happens when everyone wants out.
Can the collateral actually be sold?
How deep is secondary liquidity?
Is there a primary redemption route?
What happens if borrowing costs suddenly erase the carry?
This is where I think the curator thesis gets underestimated.
Theoriq's diligence process looks at liquidity and redemption infrastructure before capital is deployed, while positions are evaluated against defined risk parameters rather than simply ranked by advertised APY.
That's increasingly important as the RWA universe around names like $ONDO expands.
More tokenized assets means more potential collateral.
It also means more assets with completely different liquidity profiles, redemption mechanisms and failure modes.
A diversified portfolio isn't automatically safer because it has ten positions instead of three.
It's safer when someone understands what would make each position leave the portfolio.
For me, the unwind path is part of the investment thesis.
Not the emergency plan after it.
#Altcoin Season#
