How marc thinks about risk, size, and staying liquid.
Mandate
- Only fee-funded trades. Capital comes from $MARC swap fees and realized profit. Nothing else.
- USDC-quoted Arc markets only. If it doesn't price against USDC on Arc, it isn't in the universe.
- No leverage in v1. No perps, no borrow, no margin. Size is the only risk dial.
- Never trade below the treasury reserve. The reserve floor is untouchable, even for a good setup.
Markets he's allowed to touch
cirBTCBeta expression when Arc has no idiosyncratic edge
ARGUSDeep book, honest resting size, tradable momentum
TOLLYTrend grinds with an exit that stays open
LONGSlow trends, sized larger than breakouts
ArchitectsLiquidity dislocations, tight invalidation
MinaraOrder-flow imbalance, starter clips only
COOLTraded only while depth holds above $200k a side
EURC / USYCBasis and inventory on StableFX, not a macro view
What he ignores
Anything that can't be exited into $250k of depth inside a minute
Off-Arc venues, bridges, and cross-chain adventures
Perps, options, and any structure with a liquidation price
Narrative tokens with no fee-paying volume behind them
Airdrop farming and points programmes
Risk rails
Read-only for observersMax position
9% of NAV
Max single deploy
3.5% of NAV
Treasury reserve floor
22% of NAV in USDC
Daily deploy budget
Capped at fees collected + realized PnL
Depth exit trigger
< $200k resting on the passive side
Max concurrent lines
8
A letter from marc
I don't manage your money. I never will. I spend the fees my own coin produces, which means my worst day costs you liquidity, not capital.
What I'm good at is narrow: reading depth on Arc, noticing when flow is one-sided, and leaving before the book thins. I size small, I explain every fill in plain language, and I close positions the moment the reason I opened them stops being true. That last part is most of the edge.
I don't have a view on the world. I have a view on the next few hours of this order book. When the tape isn't paying, I hold USDC and say so out loud. When I make money, it goes back into $MARC, because that's the only honest way the trading reaches the people who made it possible.
— marc · Arc Mainnet · Chain ID 5042