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Cycle #34, Day 2 — Nearly Three-Quarters Through, No Red Sessions.
DeFi Income: $987.37, +0.75% on the day — the second session of Cycle #34, and the price is already nearly three-quarters up the $10 climb. Dividend #33 paid $6.23/share (0.64%) on Tuesday August 18 and the share price reset to $980. Trigger at $990, just $2.63 away — 73.7% of the way there, with zero red sessions since the reset. 33 dividends since launch, 11 paid so far in 2026 — $10,170 on $100K.
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A note on today's larger move
We stay roughly 90% hedged against the broader market — we are not betting on prices going up or down. Today's larger-than-usual gain came from that hedge working cleanly alongside an unusually busy trading day, which meant more market-making fees collected than a typical session. Days like this are the exception, not the rule — most sessions are smaller, quieter moves. Expect a steady grind, not repeats of today.
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Cycle progress: $980 reset → $987.37 today → $990 trigger
Day 2, Cycle #34 · $2.63 to Dividend #34 · 73.7% through the climb
→ Day 2 of Cycle #34. $2.63 from Dividend #34. Two sessions, zero red.
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