REJECTEDWALL #88
Sam Ikkurty
Posted April 14, 2026
PERMANENT LINKcftcsucks.com/88
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Five bullet Friday - issue # 52
Published on samikkurty.com | Five Bullet Friday Investor Update
Dear Partners,
I am happy to report that the Rose City Income Fund has returned 145.66% in the month of July ( before
fees). All of you should have received statements from Tower Fund Services. Even though July has been a
good month for us, August is looking far better.
Under normal circumstances, I would send the dividend payment to all the investors today. Some of
the partners are not receiving the checks on time via USPS. To minimize these problems, I am
planning on sending the dividends as wire transfers. If your bank information is different from what
is specified in the subscription document, then please let me know the new numbers. I will use
them to send the July dividends. We are also moving our banking services from Chase bank to
Silvergate Bank which does not charge money for wire transfers.
We continued to add to our position in YFI token last Saturday when its price dropped to $4300.
At that time, I increased our position to 325.53. Out of these 325 tokens, I have locked 10 of them
into a smart contract to grow our tokens by using the yVaults provided by Yearn Finance. Zapper
application reads the ethereum Blockchain and provides a nice UI to see our portfolio in real-time.
The only issue, I noticed is that it is not showing the 700,000 tokens of REN we own, as they are
bonded in our darknodes. Other than that error, it shows what is in our wallet and what is staked
for
income: https://zapper.fi/dashboard?address=0xe787deec0be77db98a1294193e2c1600c8a8
I am tracking the performance of Rose City Income Fund in this google spreadsheet. I have also
copied the 'Retained Earnings' tab from our previous mining income spreadsheet. In the last 5
months, we have generated a income of $267,346. Very soon, we will be adding a new tab, which
brings YFI income to this mixed bag of tokens. YFI will pay us dividends in the form of YFI
tokens. Based on my projections and the expected traffic going through the toll-booths, I am
expecting this to be around $8 million by May, 2021. That is a substantial amount of money that
will be distributed to all the partners.
Synthetix has announced few days ago that they are planning to launch futures either late September
or October. They have described the features in this blog post. Futures market is 100 times larger
than spot market. Now people will be able to purchase futures, without requiring a trusted third-
party like Chicago Mercantile Exchange. It is a massive game changer, but not appreciated by the
market yet.
I have been spending lot of time on YFI trying to change the reward policy on the governance
discussion forums. I proposed the idea of collecting fee revenue from the protocol and use it to buy
the fixed supply of YFI tokens from the market and distribute it to the stakers. Once staking
mechanism is turned on, it will dramatically reduce the token supply available for traders to
speculate on the price. Once staking is introduced, it will push the price up just due to reduction of
available supply on the crypto exchanges.
Have a wonderful weekend!
1.
2.
3.
4.
5.
Published on samikkurty.com | Five Bullet Friday Investor Update
Dear Partners,
I am happy to report that the Rose City Income Fund has returned 145.66% in the month of July ( before
fees). All of you should have received statements from Tower Fund Services. Even though July has been a
good month for us, August is looking far better.
Under normal circumstances, I would send the dividend payment to all the investors today. Some of
the partners are not receiving the checks on time via USPS. To minimize these problems, I am
planning on sending the dividends as wire transfers. If your bank information is different from what
is specified in the subscription document, then please let me know the new numbers. I will use
them to send the July dividends. We are also moving our banking services from Chase bank to
Silvergate Bank which does not charge money for wire transfers.
We continued to add to our position in YFI token last Saturday when its price dropped to $4300.
At that time, I increased our position to 325.53. Out of these 325 tokens, I have locked 10 of them
into a smart contract to grow our tokens by using the yVaults provided by Yearn Finance. Zapper
application reads the ethereum Blockchain and provides a nice UI to see our portfolio in real-time.
The only issue, I noticed is that it is not showing the 700,000 tokens of REN we own, as they are
bonded in our darknodes. Other than that error, it shows what is in our wallet and what is staked
for
income: https://zapper.fi/dashboard?address=0xe787deec0be77db98a1294193e2c1600c8a8
I am tracking the performance of Rose City Income Fund in this google spreadsheet. I have also
copied the 'Retained Earnings' tab from our previous mining income spreadsheet. In the last 5
months, we have generated a income of $267,346. Very soon, we will be adding a new tab, which
brings YFI income to this mixed bag of tokens. YFI will pay us dividends in the form of YFI
tokens. Based on my projections and the expected traffic going through the toll-booths, I am
expecting this to be around $8 million by May, 2021. That is a substantial amount of money that
will be distributed to all the partners.
Synthetix has announced few days ago that they are planning to launch futures either late September
or October. They have described the features in this blog post. Futures market is 100 times larger
than spot market. Now people will be able to purchase futures, without requiring a trusted third-
party like Chicago Mercantile Exchange. It is a massive game changer, but not appreciated by the
market yet.
I have been spending lot of time on YFI trying to change the reward policy on the governance
discussion forums. I proposed the idea of collecting fee revenue from the protocol and use it to buy
the fixed supply of YFI tokens from the market and distribute it to the stakers. Once staking
mechanism is turned on, it will dramatically reduce the token supply available for traders to
speculate on the price. Once staking is introduced, it will push the price up just due to reduction of
available supply on the crypto exchanges.
Have a wonderful weekend!
1.
2.
3.
4.
5.
Sam Ikkurty
Managing Partner
1.
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Source: samikkurty.com | This document is part of the public record of the CFTC v. Ikkurty case.
Managing Partner
1.
--
You received this message because you are subscribed to the Google Groups "Partners" group.
To unsubscribe from this group and stop receiving emails from it, send an email to
[email protected].
Source: samikkurty.com | This document is part of the public record of the CFTC v. Ikkurty case.
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Submission trackF
StatusREJECTED
Posted2026-04-14T08:12:10.000Z
SHA-256 hash404085a2c0b8938042ad4df185568031045122b02b716bf955a02cc4f0cee90c
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