Fat Cats Portfolio Breakdown

The council proposes the following allocation for the Breakdown of our funds.

LARGE CAP: 50% • Definition: uncontroversial brands that have reached a certain critical awareness and have stable consistent teams, Examples are Yuga Labs, RTFKT & Doodles. •Liquidity preference: our intention to hold these long-term as our anchor investments however we will not be scared to take advantage of big macro movements in the market such as a market pump and/or to react accordingly if we see something wrong with the brand.

MID CAP: 25-40% • Definition: Brands that have yet to 'break out' such as Coolman's Universe or wounded 'Golden Eagles' such as Azuki & Cool Cats which are restructuring. • Liquidity preference: monitor projects closely and be nimble. We will likely purchase a number of these at a time eg 10 of a project and so we will be able to potentially sell some to lock in profit and hold some as these projects mature.

SMALL CAP: 1-5% • Definition: projects that have not yet minted and show high potential either as long term holds or as arbitrage situations such as PXN. • Liquidity preference: monitor projects closely and be nimble x2 (more consideration into flipping projects where we don’t have deep understanding/faith in team post-mint). We can always purchase back later should they start to prove themselves.

INCUBATOR: 5% • Definition: incubation projects (idea, pre-launch, post-launch) • Expect very few incubation projects to need major investment; focus is more on resources and network

CASH: 1-12% • USDC + ETH + DAI + Loans/LP + Other Ventures. We will be able to earn passive income as well and mitigate against impermanent loss via Bancor.

(note that actual allocation is subject to change, market events, etc.):