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The lending protocol approved allocating part of its revenue to buy back its token systematically, tied to the protocol's own metrics. The market rewarded the predictability and AAVE appreciated sharply: DeFi is maturing towards rule-based value-return models.
Open report (PDF) →With inflation that refuses to ease, the Federal Reserve opts for caution and the market recalibrates when the first cut will arrive. A high-rate environment drains liquidity from the sector and demands far greater selectivity.
Open report (PDF) →The escalation of the conflict in the Middle East drove up volatility and triggered selling in growth assets, also dragging down crypto assets. In episodes of panic, crypto continues to behave as a risk asset: risk management rules.
Open report (PDF) →Informational content produced by Torres Molina Capital from public sources. It does not constitute investment advice or a recommendation. The opinions reflect our reading on the date indicated.
The fund's reporting includes our analysis of the market context.