Post
Topic
Board Securities
Re: Kraken Fund (closed to new accounts)
by
zebedee
on 01/09/2012, 04:12:00 UTC
Hi Patrick,

I realise you're getting this up and running and figuring out some things as you go along, but I have some questions.  Clarity on these would be useful for all I think, including those contemplating investing in Kraken 2, as I assume it will be handled in a similar fashion.

Apologies if I've missed any of these being addressed elsewhere.

  • I don't think you've said it explicitly, but it seems initial investors are entitled to increase their investment up to the individual 1,000 BTC limit?
  • How do you handle increased deposits / withdrawals?  Is everyone done at par (100 BTC) with withdrawals entitled to their final week's income if any?
  • What is your policy on lumpy returns? It seems unfair for someone who withdraws a week before a lumpy payout to not get any of it, but if your policy is to encourage Kraken to be held more as a long-term investment / funding commitment it makes more sense.
  • Are you invested in this yourself?  Or is your incentive purely from the "excess returns"?  Again, curious how lumpiness is handled in light of this.

Thanks.