Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 62 months ago in full transparency. I provide updates of the interests received, the services used and the transactions performed during the month. This post tracks what happened in April 2025.

Crypto interests

The portfolio earnings reached $3518 this month, that's a 62% increase from the previous month. The following tokens (including any kind of airdrops, mining, staking, interest rewards, browsing interest, Publish0x payments, and any kind of promo code or referee bonus) contributed to the earnings. They are ordered from the largest to the lowest contribution:

• 2778 CRV from Curve Finance as reward for contributing to the ETH/pxETH, sUSD/sUSDe and scrvUSD/sUSDe liquidity pools on Ethereum, and USDC/scrvUSD liquidity pools on Base, uniETH/WETH liquidity pool on Arbitrum.
• 684 AERO from Aerodrome Finance as reward for contributing to the WETH/msETH liquidity pools on Base.
• 427 USDC from ACI for holding GHO and from GnosisPay Visa debit card as referral bonus.
• 16.9703 GMX from GMX as reward for staking my GMX tokens on Arbitrum.
• 92.9428 CAKE from StakeDao as reward for my contribution to the cbBTC/WBTC liquidity pool on Ethereum and Arbitrum.
• 0.5527 AAVE from Aave as reward for staking some AAVE and GHO.
• 0.00038823 WBTC from Cetus as reward for my contribution to the wBTC/WBTC liquidity pool on Sui.
• 14.48 JTO from Kamino Finance as reward for my contributions to the JitoSOL/SOL liquidity pool on Solana.
• 17.0304 BAL from Aura as reward for my contribution to the EURe/sDAI on Gnosis.
• 0.07333 GNO from my GnosisPay Visa debit card cashback.
• 28.7779 AURA from Aura as reward for my contribution to the EURe/sDAI on Gnosis.
• 1.59 HNT from my Helium access points.
• 0.2357 ATOM as staking reward.
• 2.3276 JUNO as staking rewards.
• 0.7269 OSMO from Osmosis as staking rewards.
• 0.023627 CVX as reward for providing for contributing to the sUSD/sUSDSe on StakeDAO.

The following diagram depicts the evolution of the received monthly crypto interests:

This month, the annualized interest is 11.46% APR. The average on the last 12 month is now at 10.3% APR.

Regarding the interest composition, this month the main sources are the followings: CRV(56.8%), AERO(13.1%), USDC(12.1%), GMX(6.4) and CAKE(5.4%) are the top contributors. The remaining sources are around 6.2%.

Transactions realized

Beginning of the month,

• I removed the WBTC liquidity I had in Umami. I encountered bugs using this protocol: I had to contact their support to retrieve my funds. And after my funds were recovered, I basically saw my stack of WTBC decrease while they were announcing positive APY... Anyway, it's my fault but I don't recommend using this protocol.
• I moved the WBTC to the StakeDao cbBTC/WBTC liquidity pool on Arbitrum for around 5% APY.
• I staked the AAVE tokens gained from Aave and I claimed the GHO received from ACI. I also claimed the CRV and CAKE rewards from StakeDao and
• the AERO reward from Aerodrome Finance. I converted all rewards to cbBTC or WBTC.

Middle of the month,

• I compounded my GMX rewards.
• I removed the funds from the USDC/scrvUSD liquidity pool on Base from Curve Finance as the rewards rate was decreasing.
• I claimed again the CRV and CAKE rewards from StakeDao and the AERO reward from Aerodrome Finance, converted everything as USDC and moved them on Ethereum.
• I then swapped the USDC for XAUT and PAXG and moved them into the Gold stable coins pool on Curve Finance.
• I sold my remaining MPS tokens and use the money to purchase a few RealT tokens on Gnosis. They provide interest between 9 and 11% APY on tokenized real estate projects.
• I removed the ETH liquidity I had on StakeDao on Arbitrum and moved it into a cbBTC/WBTC liquidity pool still on StakeDao.

End of the month,

• I removed the funds I had from the sUSD/sUSDe on Ethereum on StakeDao. Even with the crazy high APY (around 50%) I probably lost a few $K because of the sUSD depeg. I followed the activities a bit on the Synthetix Discord before taking my decision, but the lack of forward thinking of the team convinced me. I moved all these funds in the Gold stable pool on Curve Finance.

Evolution of the portfolio value

• The portfolio finished the month with a gain of $18.8K which is +5.4%.
• The performances of the main components of the portfolio were mostly good with the continuous exception of ETH: WBTC(+13.3%), ETH(-3.5%), GMX(+16.4%), SOL(+18.8%) and AAVE(+3.9%).

• The stable coins allocation is now at 21.5%. It is a mix of GHO/xDAI/EURe/PAXG/XAUT. I'll probably track separately the gold allocation starting next month.
• It is still in my target range of 15-25%. I'll reinvest the monthly interest received in stable coin if the stable coin allocation is lower than the range, in non-stable coins if it is higher than the range.
• The ETH allocation keeps on decreasing, I think I'll keep an allocation between 10 and 15%. 

Here is the portfolio value compared to the value invested and the interest received. This month the value invested decreased again because of the spending done on my GnosisPay Visa debit card and no fresh funds added.

The portfolio performance is +5.4% this month, the historical monthly average is now +6.6%.

Things to look forward in May

April was volatile but was finally a better month than March thanks to the strength of Bitcoin and I also managed to increase the interest received. I plan to monitor this new promising allocation to Gold in my crypto portfolio which should help increasing the dollar value of the portfolio. I will also start reporting the RealT first rewards next month.