Metastrategy is my strategy on ICONOMI. It's an automated strategy with daily rebalancing that is always an intelligent mix of the current top performing strategies. It's a great 'set-and-forget' option and is my top recommendation for those new to crypto investing.
Step-by-step guide to investing in Metastrategy
- You will need a Euro-denominated bank account in your name to load your ICONOMI account. If you live in the UK, check this page to see your options, including Wise, Starling and Revolut.
- Sign up to ICONOMI via this referral link
- In ICONOMI, go to Money Transfer > Deposit > Clear Junction (SEPA) and load your ICONOMI account with Euros. Wait for the Euros to arrive (usually takes less than an hour).
- Go to the Metastrategy page, click Copy Strategy > My Euro balance > Preview > Place order. I recommend dollar-cost averaging (investing equal amounts of Euros at regular intervals) rather than going all-in.
Rebalanced Sun 24th Oct 2021, 10:08am
Currently excluded coins:
Ripple (XRP) Cardano (ADA)
Currently excluded strategies:
Fluid Strategy Sustainable Profit Strategy BULLNOOB AXIUM INVEST PLUS ULTRA Capital Crypto Global Management Wave Rider 2 Freedom Crypto Performance Bushido New2020won SwissWolf Core Index SAKELSEK 1 Apex Based Cryptoindex Digger DevilsCrypto Crypto ETF Pantheon Mightycrypto
| 24h | 7d | 1M | 3M | 6M | 1Y |
|---|---|---|---|---|---|
|
-2%
11.1
237/391 |
6%
41.2
138/391 |
14%
11.8
272/391 |
138%
20.2
84/391 |
71%
21.7
78/391 |
| Asset | Current weight | Next rebalance | ||
|---|---|---|---|---|
| Terra (LUNA) | 28.94% +29 | 27.66% | ||
| Bitcoin (BTC) | 19.87% -2 | 20.24% | ||
| Ethereum (ETH) | 14.22% -20 | 14.69% | ||
| Cosmos (ATOM) | 7.00% -20 | 6.84% | ||
| USD Coin (USDC) 0.5x | 6.12% -13 | 6.80% | ||
| Solana (SOL) | 6.60% +31 | 6.26% | ||
| Polkadot NEW (DOT) | 5.37% -11 | 5.36% | ||
| Avalanche (AVAX) | 4.81% -11 | 4.94% | ||
| Fantom (FTM) | 4.16% +20 | 4.20% | ||
| THORChain (RUNE) 4x | 3.01% | |||
| Chainlink (LINK) | 2.91% -3 | |||
| OmiseGO (OMG) 2x | ||||
| Holo (HOT) 2x | ||||
| yearn.finance (YFI) 2x | ||||
| Arweave (AR) 2x | ||||
| Celo (CELO) 2x | ||||
| dYdX (DYDX) 2x |
How Metastrategy works
The 'meta' in this strategy is that it scores every coin on ICONOMI according its weight across all strategies on the ICONOMI platform, further weighting by the performance of each strategy (excluding a small number of specified coins and strategies). It then takes the top 10 coins by score, and weights them according to their relative scores, with daily rebalancing.
Thus on any given day Metastrategy is a mix of the current top performing strategies.
In pseudocode:
for each strategy
for each coin in each strategy
score_of_coin_i += coin_weight_in_strategy * performance_score_of_strategy
end
end
sort coins by score
take top 10 coins by score
weight coins according to relative scores
For example, say there are two strategies, A and B.
A has coins x1, x2, x3.
B has coins x2, x3, x4.
The weight of coin xi in strategy Y is wY(xi).
The performance score of strategy Y is pY.
Then the score of the coins x1…x4 is:
S(x1) = wA(x1).pA
S(x2) = wA(x2).pA + wB(x2).pB
S(x3) = wA(x3).pA + wB(x3).pB
S(x4) = wB(x4).pB
The performance score of a strategy pY is calculated as
performance_score = (4 * 1_month_performance) + (3 * three_month_performance) + (2 * six_month_performance) + (1 * year_performance)
View the full code (see the self.proposed method)
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