REJECTEDWALL #84
Sam Ikkurty
Posted April 14, 2026
PERMANENT LINKcftcsucks.com/84
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Five bullet Friday - issue # 47
Published on samikkurty.com | Five Bullet Friday Investor Update
Dear Partners,
Despite steep increases in unemployment and steady increase in the rate of Coronavirus cases, stock
markets are hitting all-time high. I fail to understand what is the cause for this exuberance from investors. Just
last week NASDAQ hit an all-time high after the year 2000. Today you should have received the statements
for the month of June. If you have not received the June statement today, please let me know.
One of our portfolio holdings, Aave (LEND token) has announced that they will allow token holders
to stake their tokens and receive 80% of the fees generated. The details of the staking policy are not
known, but expected to be released in the next month. This tempted me to add to another 24,000 new
tokens to our Portfolio this week. Once staking policy is announced, it will remove big chunks of
supply from centralized exchanges.
We have received a total of $16.85 in transaction fees from each dark node we currently have. Since
we own 7 REN dark nodes , this gives us a weekly income of $117.95 in new income in the form of
bitcoins, bitcoin cash and zcash tokens. This can be seen in the screenshot below.
We started receiving income from our Loopring (LRC) staking. We have staked 19,360 tokens of
LRC. We received 33.4 new LRC tokens this week as our share of the transaction fees. We continue
to act as a digital toll booth here, where we collect transaction fees from the other traders on the
platform.
We are actively engaging in proof-of-stake mining with Synthetix. Synthetix will pass the trading fees
(0.3%) generated on the exchange to the token stakers. This week we have generated a staking income
of ( 155.19 SUSD + 2951.86 SNX * $3.05 ) totaling $9158. The value of the staked SNX
(443089) is $1,351,423 at a price of $3.05. This gives us a yield of 9158 / 1351423, which is
0.6776% per week. If we annualize the yield by (1.006776)^52, it results in a yield of 42.08%
APY. This can be seen directly from this website here: https://snx.tools/address/
0xE787DEEc0BE77Db98A1294193E2c1600C8a8687d/staking/rewards-claims on the reward claims
tab. We currently hold 477,144 tokens of Synthetix. We bought more tokens this week as well.
I have added a new column that totals the value of mining income we received from SNX protocol.
We are collecting these tokens but not converting them into dollars. Synthetix is going to launch
futures on their trading platform. Futures volume is 1000 times the size of the spot markets. This was
explained well, in this article which helps us to visualize how big this opportunity is. Once it is
released even $20 per token price for SNX is still too small. It is currently trading at $3.32. Our
current track record is maintained in this Google Sheet.
Have a wonderful weekend!
Sam Ikkurty
Managing Partner
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4.
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Published on samikkurty.com | Five Bullet Friday Investor Update
Dear Partners,
Despite steep increases in unemployment and steady increase in the rate of Coronavirus cases, stock
markets are hitting all-time high. I fail to understand what is the cause for this exuberance from investors. Just
last week NASDAQ hit an all-time high after the year 2000. Today you should have received the statements
for the month of June. If you have not received the June statement today, please let me know.
One of our portfolio holdings, Aave (LEND token) has announced that they will allow token holders
to stake their tokens and receive 80% of the fees generated. The details of the staking policy are not
known, but expected to be released in the next month. This tempted me to add to another 24,000 new
tokens to our Portfolio this week. Once staking policy is announced, it will remove big chunks of
supply from centralized exchanges.
We have received a total of $16.85 in transaction fees from each dark node we currently have. Since
we own 7 REN dark nodes , this gives us a weekly income of $117.95 in new income in the form of
bitcoins, bitcoin cash and zcash tokens. This can be seen in the screenshot below.
We started receiving income from our Loopring (LRC) staking. We have staked 19,360 tokens of
LRC. We received 33.4 new LRC tokens this week as our share of the transaction fees. We continue
to act as a digital toll booth here, where we collect transaction fees from the other traders on the
platform.
We are actively engaging in proof-of-stake mining with Synthetix. Synthetix will pass the trading fees
(0.3%) generated on the exchange to the token stakers. This week we have generated a staking income
of ( 155.19 SUSD + 2951.86 SNX * $3.05 ) totaling $9158. The value of the staked SNX
(443089) is $1,351,423 at a price of $3.05. This gives us a yield of 9158 / 1351423, which is
0.6776% per week. If we annualize the yield by (1.006776)^52, it results in a yield of 42.08%
APY. This can be seen directly from this website here: https://snx.tools/address/
0xE787DEEc0BE77Db98A1294193E2c1600C8a8687d/staking/rewards-claims on the reward claims
tab. We currently hold 477,144 tokens of Synthetix. We bought more tokens this week as well.
I have added a new column that totals the value of mining income we received from SNX protocol.
We are collecting these tokens but not converting them into dollars. Synthetix is going to launch
futures on their trading platform. Futures volume is 1000 times the size of the spot markets. This was
explained well, in this article which helps us to visualize how big this opportunity is. Once it is
released even $20 per token price for SNX is still too small. It is currently trading at $3.32. Our
current track record is maintained in this Google Sheet.
Have a wonderful weekend!
Sam Ikkurty
Managing Partner
1.
2.
3.
4.
5.
4.
5.
5.
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VERIFICATION RECORD
Submission trackF
StatusREJECTED
Posted2026-04-14T08:11:59.000Z
SHA-256 hash14235e9eb612887c18cfc995ddf015eca18c9e5bd27f54a793d0be027ef78e67
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