Metalos

The past 30 days were among the toughest in recent crypto history. ETH fell 41.8% and BTC dropped 31.4%. Despite this, the Metalos portfolio outperformed every major buy-and-hold benchmark. While a simple ETH holder lost nearly 42 cents on every dollar, Metalos depositors lost 28.7 cents, a 13 percentage point improvement. Against a 50/50 ETH-BTC allocation, Metalos came out 8 points ahead. This isn't theoretical: our on-chain portfolio of concentrated liquidity vaults, Aerodrome LP positions, and Morpho USDC lending generated continuous yield throughout the drawdown, cushioning what the market dealt to everyone else. The yield never stops accruing, even on the worst days, trading fees and emissions were flowing back into the portfolio. Now, as the market begins to stabilize, we expect that yield generation to compound into positive territory rather than simply offsetting losses. And we're not done: a planned vault migration to a more optimized allocation (shifting toward wider-range concentrated liquidity pools and higher stablecoin lending ratios) should further improve both returns and downside protection going forward. Given how the portfolio held up this well during one of the sharpest drawdowns of the cycle, we're hopeful regarding what Metalos can deliver when conditions normalize.

The people have spoken! Stay tuned for the next vault drop, with a 24-hour draft period and a 24-hour voting period!

Once this migration is complete, if there are any vaults you'd like to see for Metalos, let us know! Our AI found a few good ones that are performing well!

The past 30 days were among the toughest in recent crypto history. ETH fell 41.8% and BTC dropped 31.4%. Despite this, the Metalos portfolio outperformed every major buy-and-hold benchmark. While a simple ETH holder lost nearly 42 cents on every dollar, Metalos depositors lost 28.7 cents, a 13 percentage point improvement. Against a 50/50 ETH-BTC allocation, Metalos came out 8 points ahead. This isn't theoretical: our on-chain portfolio of concentrated liquidity vaults, Aerodrome LP positions, and Morpho USDC lending generated continuous yield throughout the drawdown, cushioning what the market dealt to everyone else. The yield never stops accruing, even on the worst days, trading fees and emissions were flowing back into the portfolio. Now, as the market begins to stabilize, we expect that yield generation to compound into positive territory rather than simply offsetting losses. And we're not done: a planned vault migration to a more optimized allocation (shifting toward wider-range concentrated liquidity pools and higher stablecoin lending ratios) should further improve both returns and downside protection going forward. Given how the portfolio held up this well during one of the sharpest drawdowns of the cycle, we're hopeful regarding what Metalos can deliver when conditions normalize.

Metalos vault infrastructure update We have been working on a vault migration that will move our portfolio allocations to newer, higher-yield concentrated liquidity vaults on Base. Why: Our current vault set is functional, but we have identified more stable vaults that simultaneously offer better yield. An obscure smart contract constraint prevents us from simply swapping in the new vaults in place, so a proper migration is required. What this means for you: - Post-migration, Metalos will consistently target the highest-yield vault strategies available - We are also resolving some legacy migration debt (older vaults that need cleanup, fee alignment, and upgradeability improvements) as part of this pass - Users in the legacy vault (V2.1) will be guided through a simple migration process We are finalizing the migration plan now and will share specifics (timeline, any actions you need to take) soon. We want to get this right rather than rush it. This is part of a broader push to make Metalos vaults best-in-class. We are considering increasing the % Metalos distribution of the vaults, and adding staking required to gate access. More updates coming