{"id":170,"date":"2022-03-24T05:47:16","date_gmt":"2022-03-24T05:47:16","guid":{"rendered":"https:\/\/themes.templatescoder.com\/crypton\/wp\/demo\/?page_id=170"},"modified":"2023-06-02T17:38:11","modified_gmt":"2023-06-02T17:38:11","slug":"home","status":"publish","type":"page","link":"https:\/\/serention.com\/","title":{"rendered":"Home"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"170\" class=\"elementor elementor-170\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-37b4581 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"37b4581\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-787d8a2 elementor-invisible\" data-id=\"787d8a2\" data-element_type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInLeft&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e434e03 elementor-widget elementor-widget-heading\" data-id=\"e434e03\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 28-05-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Transforming crypto-mining rigs into stable predictable cash flow generators<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-21a8760 elementor-widget elementor-widget-text-editor\" data-id=\"21a8760\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 28-05-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-283fcac elementor-invisible\" data-id=\"283fcac\" data-element_type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInRight&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e38679c elementor-widget elementor-widget-Animatedimage\" data-id=\"e38679c\" data-element_type=\"widget\" data-widget_type=\"Animatedimage.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t<div class=\"banner-img\">\r\n\t\t\t\t\t\r\n\r\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1058\" height=\"863\" src=\"https:\/\/serention.com\/wp-content\/uploads\/2023\/05\/Blank-diagram-Flowchart-1-2.png\" class=\"attachment-full size-full wp-image-8608\" alt=\"\" srcset=\"https:\/\/serention.com\/wp-content\/uploads\/2023\/05\/Blank-diagram-Flowchart-1-2.png 1058w, https:\/\/serention.com\/wp-content\/uploads\/2023\/05\/Blank-diagram-Flowchart-1-2-300x245.png 300w, https:\/\/serention.com\/wp-content\/uploads\/2023\/05\/Blank-diagram-Flowchart-1-2-1024x835.png 1024w, https:\/\/serention.com\/wp-content\/uploads\/2023\/05\/Blank-diagram-Flowchart-1-2-768x626.png 768w\" sizes=\"auto, (max-width: 1058px) 100vw, 1058px\" \/>\t\t\t\r\n\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\r\n\r\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ba03690 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"ba03690\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eedbb03\" data-id=\"eedbb03\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6f47ee5 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"6f47ee5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-30dc0fa elementor-invisible\" data-id=\"30dc0fa\" data-element_type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fb24c74 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"fb24c74\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>what is serention?<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-694a054 elementor-widget elementor-widget-heading\" data-id=\"694a054\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How It Works<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fc9fa2d elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"fc9fa2d\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>We&#8217;ve developed a methodology that hedges the BTC price and hash rate exposures of rig-generated cash flows by: (1) conceiving of rigs as call options on BTC price, (2)\nusing options theory to offset price exposure (e.g. delta hedging), and (3) offloading floating hash rate exposure through a novel BTC-denominated DeFi swap market that settles against an oracle-calculated daily index <\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5fa7853 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"5fa7853\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-2510457 elementor-invisible\" data-id=\"2510457\" data-element_type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInRight&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7d93453 elementor-widget elementor-widget-image\" data-id=\"7d93453\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.13.3 - 28-05-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2350\" height=\"1000\" src=\"https:\/\/serention.com\/wp-content\/uploads\/2023\/05\/Asset-3.png\" class=\"attachment-full size-full wp-image-8561\" alt=\"\" srcset=\"https:\/\/serention.com\/wp-content\/uploads\/2023\/05\/Asset-3.png 2350w, https:\/\/serention.com\/wp-content\/uploads\/2023\/05\/Asset-3-300x128.png 300w, https:\/\/serention.com\/wp-content\/uploads\/2023\/05\/Asset-3-1024x436.png 1024w, https:\/\/serention.com\/wp-content\/uploads\/2023\/05\/Asset-3-768x327.png 768w, https:\/\/serention.com\/wp-content\/uploads\/2023\/05\/Asset-3-1536x654.png 1536w, https:\/\/serention.com\/wp-content\/uploads\/2023\/05\/Asset-3-2048x871.png 2048w\" sizes=\"auto, (max-width: 2350px) 100vw, 2350px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a6bfc04 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"a6bfc04\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c980750\" data-id=\"c980750\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e948af6 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"e948af6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-b3ec195 elementor-invisible\" data-id=\"b3ec195\" data-element_type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9bba4d8 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"9bba4d8\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>WHAT DOES SERENTION DO?<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98cd2d6 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"98cd2d6\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Products<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-07ca600 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"07ca600\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d6016b3 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no elementor-invisible\" data-id=\"d6016b3\" data-element_type=\"section\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-efbea0e\" data-id=\"efbea0e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-be3d1be elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-position-top elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"be3d1be\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>.elementor-widget-image-box .elementor-image-box-content{width:100%}@media (min-width:768px){.elementor-widget-image-box.elementor-position-left .elementor-image-box-wrapper,.elementor-widget-image-box.elementor-position-right .elementor-image-box-wrapper{display:flex}.elementor-widget-image-box.elementor-position-right .elementor-image-box-wrapper{text-align:right;flex-direction:row-reverse}.elementor-widget-image-box.elementor-position-left .elementor-image-box-wrapper{text-align:left;flex-direction:row}.elementor-widget-image-box.elementor-position-top .elementor-image-box-img{margin:auto}.elementor-widget-image-box.elementor-vertical-align-top .elementor-image-box-wrapper{align-items:flex-start}.elementor-widget-image-box.elementor-vertical-align-middle .elementor-image-box-wrapper{align-items:center}.elementor-widget-image-box.elementor-vertical-align-bottom .elementor-image-box-wrapper{align-items:flex-end}}@media (max-width:767px){.elementor-widget-image-box .elementor-image-box-img{margin-left:auto!important;margin-right:auto!important;margin-bottom:15px}}.elementor-widget-image-box .elementor-image-box-img{display:inline-block}.elementor-widget-image-box .elementor-image-box-title a{color:inherit}.elementor-widget-image-box .elementor-image-box-wrapper{text-align:center}.elementor-widget-image-box .elementor-image-box-description{margin:0}<\/style><div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"#\"><img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"45\" src=\"https:\/\/serention.com\/wp-content\/uploads\/2022\/03\/feature-6.png\" class=\"attachment-full size-full wp-image-794\" alt=\"\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\"><a href=\"#\">Decentralized Hash Rate Market<\/a><\/h4><p class=\"elementor-image-box-description\">By offering BTC owners already using Decentralized Finance (DeFi) applications a compelling return, we will secure the fixed payer side of the swap.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-abecc2c\" data-id=\"abecc2c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fda9058 elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-position-top elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"fda9058\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"#\"><img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"45\" src=\"https:\/\/serention.com\/wp-content\/uploads\/2022\/03\/feature-5.png\" class=\"attachment-full size-full wp-image-793\" alt=\"\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\"><a href=\"#\"><span style=\"letter-spacing: 0px;\">Cash Flow Hedging Service<\/span><\/a><\/h4><p class=\"elementor-image-box-description\">We apply commonly used options hedging concepts to rig BTC-denominated cash flow streams to smooth them out in USD-denominated terms.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-46ae753\" data-id=\"46ae753\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bab6367 elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-position-top elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"bab6367\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"#\"><img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"45\" src=\"https:\/\/serention.com\/wp-content\/uploads\/2022\/03\/feature-4.png\" class=\"attachment-medium size-medium wp-image-792\" alt=\"\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\"><a href=\"#\">Proof-Of-Concept Hedged Miner<\/a><\/h4><p class=\"elementor-image-box-description\">We will employ our own hedging methodology to a small fleet of rigs and publish the results to prove the concept to the broader crypto mining community.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-eb06458\" data-id=\"eb06458\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1885ba1 elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-position-top elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"1885ba1\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"#\"><img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"45\" src=\"https:\/\/serention.com\/wp-content\/uploads\/2022\/03\/feature-1.png\" class=\"attachment-full size-full wp-image-789\" alt=\"feature-1\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\"><a href=\"#\">Centralized Lending Platform<\/a><\/h4><p class=\"elementor-image-box-description\">By stabilizing rig-generated cash flows, we can facilitate capital deployment (both debt financings and equity investments) into the mining sector.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6bba349 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"6bba349\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5c7d51f\" data-id=\"5c7d51f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-7b68809 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"7b68809\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-01699a4 elementor-invisible\" data-id=\"01699a4\" data-element_type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c28f877 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"c28f877\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>SERENTION strengths<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a76cb9 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"0a76cb9\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Core Competencies<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5dfec12 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"5dfec12\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d58ebd0 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no elementor-invisible\" data-id=\"d58ebd0\" data-element_type=\"section\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-ca1f928\" data-id=\"ca1f928\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-36fffa5 elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-position-top elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"36fffa5\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"#\"><img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"45\" src=\"https:\/\/serention.com\/wp-content\/uploads\/2022\/03\/feature-6.png\" class=\"attachment-full size-full wp-image-794\" alt=\"\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\"><a href=\"#\">Markets Expertise<\/a><\/h4><p class=\"elementor-image-box-description\">The founders have years of experience at top-tier firms, including in traditional finance and at a miner lending company.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-3d02b38\" data-id=\"3d02b38\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bc43ed6 elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-position-top elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"bc43ed6\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"#\"><img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"45\" src=\"https:\/\/serention.com\/wp-content\/uploads\/2022\/03\/feature-4.png\" class=\"attachment-full size-full wp-image-792\" alt=\"\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\"><a href=\"#\"><span style=\"letter-spacing: 0px;\">Mining Knowledge<\/span><\/a><\/h4><p class=\"elementor-image-box-description\">Both founders were intimately involved with underwriting, originating, and servicing over $100MM of llens to miners.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-31257f6\" data-id=\"31257f6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-17c7d73 elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-position-top elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"17c7d73\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"#\"><img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"45\" src=\"https:\/\/serention.com\/wp-content\/uploads\/2022\/03\/feature-5.png\" class=\"attachment-full size-full wp-image-793\" alt=\"\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\"><a href=\"#\">Quantamental Approach<\/a><\/h4><p class=\"elementor-image-box-description\">By marrying prediction models with modern hedging practices, we believe we can facilitate valuation multiple expansion for miners.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-a2ec2b0\" data-id=\"a2ec2b0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-952bd04 elementor-widget__width-initial elementor-widget-mobile__width-inherit elementor-position-top elementor-vertical-align-top elementor-widget elementor-widget-image-box\" data-id=\"952bd04\" data-element_type=\"widget\" data-widget_type=\"image-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<div class=\"elementor-image-box-wrapper\"><figure class=\"elementor-image-box-img\"><a href=\"#\"><img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"45\" src=\"https:\/\/serention.com\/wp-content\/uploads\/2022\/03\/feature-1.png\" class=\"attachment-full size-full wp-image-789\" alt=\"feature-1\" \/><\/a><\/figure><div class=\"elementor-image-box-content\"><h4 class=\"elementor-image-box-title\"><a href=\"#\">Business Intelligence<\/a><\/h4><p class=\"elementor-image-box-description\">To help educate industry participants, we publish cutting edge research and blog posts.<\/p><\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8e9dae7 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"8e9dae7\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-52f9c07\" data-id=\"52f9c07\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-0ab3aea elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"0ab3aea\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-7078e19 elementor-invisible\" data-id=\"7078e19\" data-element_type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-83bee1f elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"83bee1f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>SERENTION roadmap<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a4944ca elementor-widget elementor-widget-heading\" data-id=\"a4944ca\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Timeline<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c18de9c elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"c18de9c\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-80db707 elementor-widget elementor-widget-timeline\" data-id=\"80db707\" data-element_type=\"widget\" data-widget_type=\"timeline.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\r\n\t\t\t\r\n\t\t\t\t<div class=\"main-roadmap timeline\">\r\n\r\n\t\t\t\t\t<div class=\"row\">\r\n\r\n\t\t\t\t\t\t<div class=\"col-md-12\">\r\n\r\n\t\t\t\t\t\t\t<div class=\"h-border wow fadeInLeft\"><\/div>\r\n\r\n\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t<div class=\"row\">\r\n\r\n\t\t\t\t\t\t<div class=\"col-md-12\">\r\n\r\n\t\t\t\t\t\t\t<div class=\"roadmap-slider owl-carousel\">\r\n\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t<div class=\"roadmap wow fadeInLeft elementor-repeater-item-'\">\r\n\r\n\t\t\t\t\t\t\t<div class=\"roadmap-box text-center\">\r\n\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"date-title\">April 2023<\/div>\r\n\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t<div class=\"map-graphic\">\r\n\r\n\t\t\t\t\t\t\t\t\t<div class=\"small-round\"><span><\/span><\/div>\r\n\r\n\t\t\t\t\t\t\t\t\t<div class=\"v-row\"><\/div>\r\n\r\n\t\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\t\t<div class=\"roadmap-detail-box\">\r\n\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t<p class=\"p1\">BTC and hash rate hedging backtest completed<\/p>\r\n\t\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t<\/div>\r\n\r\n\r\n\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t<div class=\"roadmap wow fadeInLeft elementor-repeater-item-'\">\r\n\r\n\t\t\t\t\t\t\t<div class=\"roadmap-box text-center\">\r\n\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"date-title\">May 2023<\/div>\r\n\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t<div class=\"map-graphic\">\r\n\r\n\t\t\t\t\t\t\t\t\t<div class=\"small-round\"><span><\/span><\/div>\r\n\r\n\t\t\t\t\t\t\t\t\t<div class=\"v-row\"><\/div>\r\n\r\n\t\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\t\t<div class=\"roadmap-detail-box\">\r\n\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t<p class=\"p1\">Whitepaper describing methodology published to SSRN<\/p>\r\n\t\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t<\/div>\r\n\r\n\r\n\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t<div class=\"roadmap wow fadeInLeft elementor-repeater-item-'\">\r\n\r\n\t\t\t\t\t\t\t<div class=\"roadmap-box text-center\">\r\n\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"date-title\">June 2023<\/div>\r\n\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t<div class=\"map-graphic\">\r\n\r\n\t\t\t\t\t\t\t\t\t<div class=\"small-round\"><span><\/span><\/div>\r\n\r\n\t\t\t\t\t\t\t\t\t<div class=\"v-row\"><\/div>\r\n\r\n\t\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\t\t<div class=\"roadmap-detail-box\">\r\n\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t<p class=\"p1\">Serention releases code base to public<\/p>\r\n\t\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t<\/div>\r\n\r\n\r\n\r\n\t\t\t\t\t\r\n\t\t\t\t\t\t<div class=\"roadmap wow fadeInLeft elementor-repeater-item-'\">\r\n\r\n\t\t\t\t\t\t\t<div class=\"roadmap-box text-center\">\r\n\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t\t<div class=\"date-title\">2H 2023<\/div>\r\n\r\n\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t<div class=\"map-graphic\">\r\n\r\n\t\t\t\t\t\t\t\t\t<div class=\"small-round\"><span><\/span><\/div>\r\n\r\n\t\t\t\t\t\t\t\t\t<div class=\"v-row\"><\/div>\r\n\r\n\t\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\t\t<div class=\"roadmap-detail-box\">\r\n\r\n\t\t\t\t\t\t\t\t\t\r\n\t\t\t\t\t\t\t\t\t<p>Pilot program with select miner to test methodology begins<\/p>\r\n\t\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t<\/div>\r\n\r\n\r\n\r\n\t\t\t\t\t\r\n\r\n\r\n\t\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t<\/div>\r\n\r\n\t\t\t\t<\/div>\r\n\r\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a812152 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"a812152\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b2d31d2 elementor-invisible\" data-id=\"b2d31d2\" data-element_type=\"column\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1fa8880 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"1fa8880\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-1d0ef22\" data-id=\"1d0ef22\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7e1962f elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"7e1962f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>SERENTION Faqs<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28d626b elementor-widget elementor-widget-heading\" data-id=\"28d626b\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d4998e elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"3d4998e\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;none&quot;}\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-7181ada elementor-tabs-alignment-center elementor-tabs-view-horizontal elementor-invisible elementor-widget elementor-widget-tabs\" data-id=\"7181ada\" data-element_type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"tabs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tabs-wrapper{width:25%;flex-shrink:0}.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tab-desktop-title.elementor-active{border-right-style:none}.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tab-desktop-title.elementor-active:after,.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tab-desktop-title.elementor-active:before{height:999em;width:0;right:0;border-right-style:solid}.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tab-desktop-title.elementor-active:before{top:0;transform:translateY(-100%)}.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tab-desktop-title.elementor-active:after{top:100%}.elementor-widget-tabs.elementor-tabs-view-horizontal .elementor-tab-desktop-title{display:table-cell}.elementor-widget-tabs.elementor-tabs-view-horizontal .elementor-tab-desktop-title.elementor-active{border-bottom-style:none}.elementor-widget-tabs.elementor-tabs-view-horizontal .elementor-tab-desktop-title.elementor-active:after,.elementor-widget-tabs.elementor-tabs-view-horizontal .elementor-tab-desktop-title.elementor-active:before{bottom:0;height:0;width:999em;border-bottom-style:solid}.elementor-widget-tabs.elementor-tabs-view-horizontal .elementor-tab-desktop-title.elementor-active:before{right:100%}.elementor-widget-tabs.elementor-tabs-view-horizontal .elementor-tab-desktop-title.elementor-active:after{left:100%}.elementor-widget-tabs .elementor-tab-content,.elementor-widget-tabs .elementor-tab-title,.elementor-widget-tabs .elementor-tab-title:after,.elementor-widget-tabs .elementor-tab-title:before,.elementor-widget-tabs .elementor-tabs-content-wrapper{border:1px #d5d8dc}.elementor-widget-tabs .elementor-tabs{text-align:left}.elementor-widget-tabs .elementor-tabs-wrapper{overflow:hidden}.elementor-widget-tabs .elementor-tab-title{cursor:pointer;outline:var(--focus-outline,none)}.elementor-widget-tabs .elementor-tab-desktop-title{position:relative;padding:20px 25px;font-weight:700;line-height:1;border:solid transparent}.elementor-widget-tabs .elementor-tab-desktop-title.elementor-active{border-color:#d5d8dc}.elementor-widget-tabs .elementor-tab-desktop-title.elementor-active:after,.elementor-widget-tabs .elementor-tab-desktop-title.elementor-active:before{display:block;content:\"\";position:absolute}.elementor-widget-tabs .elementor-tab-desktop-title:focus-visible{border:1px solid #000}.elementor-widget-tabs .elementor-tab-mobile-title{padding:10px;cursor:pointer}.elementor-widget-tabs .elementor-tab-content{padding:20px;display:none}@media (max-width:767px){.elementor-tabs .elementor-tab-content,.elementor-tabs .elementor-tab-title{border-style:solid solid none}.elementor-tabs .elementor-tabs-wrapper{display:none}.elementor-tabs .elementor-tabs-content-wrapper{border-bottom-style:solid}.elementor-tabs .elementor-tab-content{padding:10px}}@media (min-width:768px){.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tabs{display:flex}.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tabs-wrapper{flex-direction:column}.elementor-widget-tabs.elementor-tabs-view-vertical .elementor-tabs-content-wrapper{flex-grow:1;border-style:solid solid solid none}.elementor-widget-tabs.elementor-tabs-view-horizontal .elementor-tab-content{border-style:none solid solid}.elementor-widget-tabs.elementor-tabs-alignment-center .elementor-tabs-wrapper,.elementor-widget-tabs.elementor-tabs-alignment-end .elementor-tabs-wrapper,.elementor-widget-tabs.elementor-tabs-alignment-stretch .elementor-tabs-wrapper{display:flex}.elementor-widget-tabs.elementor-tabs-alignment-center .elementor-tabs-wrapper{justify-content:center}.elementor-widget-tabs.elementor-tabs-alignment-end .elementor-tabs-wrapper{justify-content:flex-end}.elementor-widget-tabs.elementor-tabs-alignment-stretch.elementor-tabs-view-horizontal .elementor-tab-title{width:100%}.elementor-widget-tabs.elementor-tabs-alignment-stretch.elementor-tabs-view-vertical .elementor-tab-title{height:100%}.elementor-tabs .elementor-tab-mobile-title{display:none}}<\/style>\t\t<div class=\"elementor-tabs\">\n\t\t\t<div class=\"elementor-tabs-wrapper\" role=\"tablist\" >\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1191\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-1191\" aria-expanded=\"false\">GENERAL<\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1192\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1192\" aria-expanded=\"false\">PRODUCTS<\/div>\n\t\t\t\t\t\t\t\t\t<div id=\"elementor-tab-title-1193\" class=\"elementor-tab-title elementor-tab-desktop-title\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1193\" aria-expanded=\"false\">DEFI BTC HR SWAP<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<div class=\"elementor-tabs-content-wrapper\" role=\"tablist\" aria-orientation=\"vertical\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"elementor-tab-content-1191\" aria-expanded=\"false\">GENERAL<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1191\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1191\" tabindex=\"0\" hidden=\"false\"><p>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5921\" class=\"elementor elementor-5921\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-82d9c94 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"82d9c94\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-20a1127\" data-id=\"20a1127\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-90cc33a elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"90cc33a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-093fd9b\" data-id=\"093fd9b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fb3f378 elementor-widget elementor-widget-heading\" data-id=\"fb3f378\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"#\">What is Serention?<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-536faf4 elementor-widget elementor-widget-text-editor\" data-id=\"536faf4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">Serention (aka Project Serenity) is a next generation DeFi protocol that enables crypto miners to transform BTC generated by their rigs into stable, predictable USD-denominated cash flows that are finance-able, which will enable the overall industry to grow.<span class=\"Apple-converted-space\">\u00a0 <\/span>This is accomplished by hedging the three main risk components of: (1) power price volatility, (2) BTC price volatility (which is hedged without using derivatives), and (3) hash rate growth, which is addressed by using Project Serenity&#8217;s novel, defensible, first mover, BTC-denominated DeFi hash rate swaps market where the settlement index is calculated exogenously through an oracle.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5edc5ee elementor-widget elementor-widget-heading\" data-id=\"5edc5ee\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"#\"><br>Why would lenders and investors be interested?\n<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-27bad52 elementor-widget elementor-widget-text-editor\" data-id=\"27bad52\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">We believe that funding into the mining sector has dried up, in large part, because the revenue and profits generated are too volatile, making the sector effectively uninvestable and unfinanceable.<span class=\"Apple-converted-space\">\u00a0 <\/span>If the cash flows from rigs can be smoothed and a high confidence schedule of pay down can be provided, we believe capital (both investors and lenders) can flow back into the sector.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-ecb87b1\" data-id=\"ecb87b1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-699137c elementor-widget elementor-widget-heading\" data-id=\"699137c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"#\">What is the background of the founders?<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c93cd3 elementor-widget elementor-widget-text-editor\" data-id=\"1c93cd3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">The founders have deep experience with startups (Merkle Data, PeerIQ), finance (Citadel, Morgan Stanley, Webbank), and academia (PhD in Electrical Engineering from Stanford, MS in Computational Finance from Carnegie Mellon).<span class=\"Apple-converted-space\">\u00a0 <\/span>In addition, they have several years of crypto industry experience, mainly at Anchorage Digital in lending, derivatives, engineering, and data science.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9cb63d2 elementor-widget elementor-widget-heading\" data-id=\"9cb63d2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"#\"><br>Why would miners be interested?<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5528a55 elementor-widget elementor-widget-text-editor\" data-id=\"5528a55\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">By smoothing out revenues and profits, miners can establish themselves as a consistent cash flow generator and improve access to capital (both debt and equity financing) and expand their valuation multiples, which have compressed after the last downturn.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/p><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1192\" aria-expanded=\"false\">PRODUCTS<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1192\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1192\" tabindex=\"0\" hidden=\"hidden\"><p>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"5995\" class=\"elementor elementor-5995\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-29706c7 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"29706c7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b14db6d\" data-id=\"b14db6d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5f0ee78 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"5f0ee78\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-b433cd2\" data-id=\"b433cd2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7c44132 elementor-widget elementor-widget-heading\" data-id=\"7c44132\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"#\">Serention offers several products and services.  Namely &#8211;\n<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fce636a elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"fce636a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-716b76f\" data-id=\"716b76f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c92f688 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"c92f688\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-90ef425\" data-id=\"90ef425\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eff5876 elementor-widget elementor-widget-heading\" data-id=\"eff5876\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"#\">A service to hedge the BTC price exposure of tokens generated by mining rigs:<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e49e9c elementor-widget elementor-widget-text-editor\" data-id=\"9e49e9c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>We conceive of rigs as a bundle of call options on BTC with the strikes and terms of the options defined by fleet, network, and market characteristics.\u00a0 Our methodology is to essentially delta hedge these options without using BTC derivatives.\u00a0 We can hedge the rigs with an open term BTC loan and some cash.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba43543 elementor-widget elementor-widget-heading\" data-id=\"ba43543\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"#\"><br>A centralized lending platform:<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c6729e4 elementor-widget elementor-widget-text-editor\" data-id=\"c6729e4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>We will provide a platform where lenders can deploy loans to miners, whose rig collateral production will be hedged and transformed into stable, predictable cash flows in USD terms.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-340fac8\" data-id=\"340fac8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-62d0559 elementor-widget elementor-widget-heading\" data-id=\"62d0559\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"#\">A service to hedge hash rate growth exposure using our novel, cutting edge DeFi swaps product:<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0ef73cb elementor-widget elementor-widget-text-editor\" data-id=\"0ef73cb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tWe are creating a novel, defensible BTC denominated, DeFi swap market, where the fixed receiver \/ floating payer (typically a miner) pays BTC mined proportional to the ratio of its contributed hashing rate to the network\u2019s total floating hash rate.\u00a0 Meanwhile the floating receiver \/ fixed payer pays a fixed BTC amount over the contract term based on estimates of network hash rate during the contract term.\u00a0 The margining and settlement mechanics sit inside a smart contract that settles against a hash rate index calculated by an oracle (and explicitly not controlled by Serention).\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2c18ffa elementor-widget elementor-widget-heading\" data-id=\"2c18ffa\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"#\"><br>A Proof-Of-Concept miner:<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0eb7389 elementor-widget elementor-widget-text-editor\" data-id=\"0eb7389\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tIn an effort to show the market we believe in our modeling, we will have a small fleet of rigs, whose production will be hedged using our methodology and swap market.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/p><\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-tab-title elementor-tab-mobile-title\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"elementor-tab-content-1193\" aria-expanded=\"false\">DEFI BTC HR SWAP<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1193\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1193\" tabindex=\"0\" hidden=\"hidden\"><p>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6010\" class=\"elementor elementor-6010\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8ff3fa8 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"8ff3fa8\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-61c79b2\" data-id=\"61c79b2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ec3a2a0 elementor-section-boxed elementor-section-height-default elementor-section-height-default wpr-particle-no\" data-id=\"ec3a2a0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-2dce298\" data-id=\"2dce298\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-091db0e elementor-widget elementor-widget-heading\" data-id=\"091db0e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"#\">How does the BTC swap work?<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a153710 elementor-widget elementor-widget-text-editor\" data-id=\"a153710\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"p1\">The swap will settle at the end of the term.<span class=\"Apple-converted-space\">\u00a0 <\/span>To illustrate the steps involved, we provide the following example.<\/p><ol class=\"ol1\"><li class=\"li1\">A miner is looking to swap their floating production into fixed for one machine hashing at 100 Th\/s for 16 weeks.\u00a0<\/li><li class=\"li1\">A DeFi speculator is looking to take the opposite side of the trade (e.g. be the fixed payer) as long as they can expect a 12% return on their initial capital deployment (initial margin).<\/li><li class=\"li1\">Project Serention estimates production to be 0.0492 BTC over that period.<span class=\"Apple-converted-space\">\u00a0 <\/span>The floating payer must put up 30% of that production or 0.0148 BTC as initial margin upfront.\u00a0<\/li><li class=\"li1\">Meanwhile the fixed payer must do the same, but since we are pricing in a slightly higher hash rate growth the amount is slightly lower at 0.0146 BTC.\u00a0<\/li><li class=\"li1\">When the contract ends the fixed payer would have paid 0.0487 and would have earned 0.0005 BTC on the 0.0146 BTC margin over the 16 week time period or a 12% IRR.<\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/p><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Transforming crypto-mining rigs into stable predictable cash flow generators what is serention? How It Works We&#8217;ve developed a methodology that hedges the BTC price and hash rate exposures of rig-generated cash flows by: (1) conceiving of rigs as call options on BTC price, (2) using options theory to offset price exposure (e.g. delta hedging), and [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-170","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/serention.com\/index.php\/wp-json\/wp\/v2\/pages\/170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/serention.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/serention.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/serention.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/serention.com\/index.php\/wp-json\/wp\/v2\/comments?post=170"}],"version-history":[{"count":127,"href":"https:\/\/serention.com\/index.php\/wp-json\/wp\/v2\/pages\/170\/revisions"}],"predecessor-version":[{"id":8760,"href":"https:\/\/serention.com\/index.php\/wp-json\/wp\/v2\/pages\/170\/revisions\/8760"}],"wp:attachment":[{"href":"https:\/\/serention.com\/index.php\/wp-json\/wp\/v2\/media?parent=170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}