Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 42 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 August 2023.

Crypto interests

The portfolio earnings reached $2349 this month, that's a 7% 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:

• 2949 CRV from Convex Finance, Lama Airforce and StakeDAO as reward from my contributions to the DCHF/3crv and TricryptoLLAMA liquidity pools, CRV pounders interest, and locking CVX. I also received my brides from Votium as CRV.
• 16565 LIT from Timeless as reward to my share of the DCHF/xCHF and DCHF/USDC liquidity pools
• 0.114 ETH from GMX as reward from staking my GMX tokens and Beefy TricryptoUSDC vault.
• 29.98 FXS from Convex Finance as reward to my CVX locking and Lama Airforce FXS pounders.
• 84 USDC from Beefy TricryptoUSDC vault
• 0.0032 WBTC from Beefy TricryptoUSDC vault
• 13.72 CVX from Convex Finance as reward to my as reward from my contributions to the DCHF/3crv .
• 26.98 AURA from Jones DAO as reward on my AURA tokens.
• 15.56 LUNA from Terra as staking rewards.
• 12500 IOT from from my Helium access points.
• 0.416 UMAMI from Umami as staking rewards.
• 0.2843 ATOM as staking reward from my ATOM.
• 3.1739 JUNO from my JUNO staking.
• 0.6842 OSMO from Osmosis as staking rewards.

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

This month, the interest increased to 12.7% APR. The average on the last 12 month is still at around 20% APR.

Regarding the interest composition CRV(57.1%), ETH(8%), LIT(17.4%) and FXS(7.2%) are the top contributors. The remaining sources are around 10.3%.

Transactions realized

Beginning of the month,

• I moved liquidity on Timeless from the DCHF/XCHF to the DCHF/USDC liquidity pool as the rewards on the first one decreased a lot.
• I also moved liquidity on Convex Finance to the DCHF/USDC liquidity pool.  

Middle of the month,

• I sold my GLP tokens on GMX and invested them into the TricryptoLLAMA liquidty pool on StakeDAO for around 18% APY and increased ETH/BTC exposure.
• I claimed my LIT reward, converted it it in ETH and added it to the StakeDAO TricryptoLLAMA vault

End of the month,

• I initiated the withdraw request on Jones DAO for my Aura tokens.
• I compounded my rewards on GMX and reinvested the ETH rewards in Umami ETH vault.

Evolution of the portfolio value

• The portfolio finished the month with a loss of $18K which is -7.4%.
• The performances of the main components of the portfolio were all bad: FXS(-8%), WBTC(-12.6%), ETH(-12.8%), CVX(-16.9%), CRV(-28.33%), GMX(-35.52%).

• The stable coins allocation is now 65.9%. I don't detail my stable coin allocation, but it's basically a mix of DCHF, USDC, USDT, DAI and EURO tokens.
• My portfolio allocation plan is the following:
  • keep the stable coin allocation between 60% and 40% of the portfolio or at the invested capital amount if higher
  • At the end of the month
    • if the stable coins allocation goes higher than the range, sell stable coins and buy non-stable coins to go back in the middle of the range
    • if the stable coins allocation goes lower than the range, sell non-stable coins and buy stable coins to go back in the middle of the range
  • For the non stable coins allocation
    • Keep at least 50% in ETH/WBTC
    • Rest in good coins, currently my good coins list is in this order GMX/CRV/CVX/FXS/AURA/UMAMI/IMX. 
    • Avoid staying invested very long in bad coins.
  • For the interest reinvestment strategy, I'll reinvest what is not auto-compounded in the "non-stable good coins" list if the stable coin allocation is higher than 50%, I'll reinvest them in stable coins otherwise.

The portfolio value lost again some margin this month compared to the capital invested + earnings received.

The portfolio performance is -7.4% this month,  the historical average is now +5.4%.

Things to look forward in September

In September, I'm planning to simplify my portfolio and revisit my list of good alt tokens.