The PHAME sac will make a very small position in ePHIAT & WBTC.
13 Apr 2023, 22:39
The PHAME sac will make a very small position in ePHIAT & WBTC. This is to give us flexibility (buy and sell) in providing LP & TVL in the future on our platforms (PHIAT & PHUX). More buys and sells in the future may or may not occur from time to time. These are not intended to dramatically move price of the tokens we buy and sell and will always be done with caution and transparency. Do not interpret a buy or sell trade as an indicator of strong belief or disbelief in a token. We see most tokens in this ecosystem as highly correlated in any case and we are generally risk on at the moment. These trades are conducted by the core team. Interns are never aware of them before they happen. We will be net buyers of ePHIAT out of treasury and sac wallets for the foreseeable future. If that were to change we will notify you all.