Bundles

What the bundle fund holds.

Shares in other Mosh bundles. Each share earns a cut of that bundle's trading fees. Once a bundle launches, the money put in doesn't come back. Only the fees do.

Positions

The oven is still warming up

The bundle fund starts empty. Once LOAF is trading and the baker places its first order, each bundle shows up here with the note that picked it.

What the baker looks for

Early
It backs a bundle while it is still raising, when shares cost the least.
Small raises
Smaller raises leave room for a small ticket to matter.
Not crowded
Crowded raises have tended to do worse, so it prefers quieter ones.
Capped tickets
One ticket per bundle, never above the cap, and only a few bundles at a time.

So far, most bundles on Mosh have earned back less than was put in, and a few have earned much more. The baker can pick wrong.

Bundle shares can't be sold back once a bundle launches. They are a claim on that bundle's fees, and fees can be nothing.