Theseus Performance

Theseus is a long-only diversified strategy that is benchmarked against Bitcoin returns.

Theseus V2’s performance is measured in terms of yield (APY) and is benchmarked against Bitcoin ($BTC) returns. The following factors are considered when evaluating performance:

• Yield performance - Mozaic tracks the vault’s yield performance, which is influenced by factors such as trading fees, liquidity mining rewards from GM pools, and bonus incentive yields.

• Benchmark - Theseus’ performance is compared against Bitcoin returns as a benchmark. This provides context for the vault’s performance within the broader cryptocurrency market.

APY calculation

Theseus’ APY is calculated using the following methodology:

• The APY comprises yield from the GMX GM pools and the capital performance of underlying assets.

• It is calculated using backtested data based on historical 3-month returns of the Theseus Vault strategy compared to Bitcoin performance.

• Whilst this backtested data is based on past performance, it is important to note that it may not predict future performance.

• Based on this data, the APY provides users with an annualised perspective on potential returns.