NFT Crowdfunding
Teahouse Midsummer Dream
Status
Withdrawal In Progress
Total fund value
~- - /100 ETH
ROI
- -
Fund Starts at
2022 June 23 15:00
Fund Ends at
2023 May 4 15:00
Manager
Teahouse Team
Tokens
Share Token
Oolong
Fees
Management Fee (Annualized)
0%
Entry / Exit Fees
0% / 0%
Fund Stages
STAGE 1: 72 hours of voting on the NFT collections to purchase (6/14 15:00 – 6/18 15:00).
STAGE 2: 72 hours to exchange ETH for Oolong Tokens (6/23 15:00 – 6/27 15:00).
STAGE 3: Fund runs indefinitely until it reaches +/- 50% PnL (in ETH).
STAGE 4: Fund liquidation and PnL distribution (crowdfunders exchange Oolong Tokens back to ETH).
Debank
Current Oolong price
My holdings
Max
NFT Crowdfunding
Teahouse Midsummer Dream
My holdings
- - Oolong(s)
≈ - - Ξ
Current Oolong price
- - Ξ
- SUMMARY
- STRATEGY
Tokens
Fees
Fund Stages
STAGE 2: 72 hours to exchange ETH for Oolong Tokens. (6/23 15:00 – 6/27 15:00)
STAGE 3: fund runs indefinitely until it reaches +/- 50% PnL (in ETH)
STAGE 4: fund liquidation and PnL distribution (crowdfunders exchange Oolong Tokens back to ETH).
Debank
GALLERY
CloneX
# 17028
# 19266
# 219
# 2430
# 7507
# 11023
MAYC
# 3116
# 26352
FAQs
Q1. What is the Teahouse Midsummer Dream Strategy?
Blue chip NFTs have the greatest growth potential, especially in this bearish market. However, as these tend to be higher in value, they are more difficult for the common investor to hold. To mitigate this and also take advantage of P2P lending platforms like BendDAO, Teahouse developed this experimental crowdfunding strategy to benefit our HighTable holders. We plan to purchase and stake blue chip NFTs into BendDAO or a similar platform to capitalize on the NFTs' value growth while obtaining any airdrops (from holding the NFTs) and platform rewards (from staking the ETH borrowed from staking the NFTs).
This strategy falls into our “high-risk” category.
Q2. How can I enter this fund?
During the Deposit Period (6/23 15:00 – 6/27 15:00 UTC+8), Teahouse HighTable NFT (VIP & OG) holders can exchange ETH for Oolong Tokens. If you are a holder who has already missed the Deposit Period, currently there is no way to enter mid-fund. Please wait for our next fund/strategy.
Q3. What is an Oolong Token?
Oolong Tokens are ERC-4626 tokens, minted as a proof of investment. Oolong Tokens will be used to calculate the shares of the fund's pool upon liquidation.
Q4. When can I get my ETH back?
Fund will run indefinitely until it reaches plus or minus 50%, calculated in ETH, upon which it will enter Liquidation Stage. Funds can only be withdrawn (exchanged back to ETH) during the Liquidation Stage.
Q5. What happens if the fund gets liquidated from increase in NFT value (+50%)?
If the total value of all NFTs purchased reaches a combined gain of 50% (across both A and B collections), in terms of ETH (e.g. from 100 ETH to 150 ETH, regardless of ETH-fiat prices), Teahouse will sell all NFTs back on Opensea at the current floor prices. After receiving the corresponding ETH, crowdfunders will be notified to exit by exchanging their Oolong Tokens back into ETH.
Q6. What happens if the fund gets liquidated from loss in NFT value (-50%)?
If the total value of all NFTs purchased reaches a combined loss of 50% (across both A and B collections), in terms of ETH (e.g. from 100 ETH to 50 ETH, regardless of ETH-fiat prices) Teahouse will sell all NFTs back on Opensea at the current floor prices. After receiving the corresponding ETH, crowdfunders will be notified to exit by exchanging their Oolong Tokens back into ETH.
INVEST