Welcome to the monthly review of my token portfolio, it's already the 11th post where I provide an update of the interests received, the services used and the transactions performed during the month. This post tracks what happened in December.

Crypto interests received in December

I received $2330 of interest (including crypto interest, browsing interest, Publish0x payments, and any kind of promo code or referee bonus) from the following sources in June:

• 284.61 CEL from Celsius Network as interest on my BTC, ETH, CEL, DASH, LINK, SNX, 0x, UNI and USDC  tokens.
• 39.93 SUSHI from Sushiswap as reward on my participation to the YFI/ETH and WBTC/WETH liquidity pool.
• 1.27 FARM from Harvest Finance as reward on my participation to the USDC and YCRV farms.
• 30.73 BAT from Brave from ads and referee bonus. 
• 10.03 BOND from Barnbridge  as reward on my participation to the USDC/DAI/sUSD pool.
• 0.59 BOR from BoringDAO as reward for staking oBTC, WETH and USDC

The following diagram depicts the evolution of the received monthly crypto interests with current crypto prices since I started tracking them.

Transactions realized in December

• At the beginning of the month:
  • As described in my previous post, I added around $43K to the portfolio as stable coins beginning of December. I invested 50% in the Barnbridge USDC/DAI/sUSD pool as USDC, 50% in Harvest Finance with half in the USDC farm and half in the YCRV farm. The rate at that time was around 26% APY for Barnbridge, 30% APY for USDC and 25% APY for YCRV in Harvest Finance.
  • I sold 5K CEL to buy some WBTC and moved some ETH out of my Celsius wallet. I moved them both in the WBTC/ETH Sushiswap liquidity pool to receive some SUSHI token at more than 30% APY at that time.
• Last week of the month:
  • I sold my share of the Alpha Finance ibETH/ALPHA liquidity pool as well as the Sushiswap YFI/ETH liquidity pool as I was not happy with the evolution of YFI and ALPHA tokens. I converted the ibETH back into WETH and converted ALPHA and YFI into oBTC. 
  • I also moved the WBTC and WETH out of the Sushiswap liquidity pool, converted WBTC into oBTC and staked them both to gain around 20% APY on BoringDAO.
  • Similarly, as the stable coin rates decreased to less than 15% APY on both Barnbridge and Harvest Finance, I moved about $30K of USDC to BoringDAO. The USDC rate there is moving a lot there but is currently at around 50% APY.
• Finally, last day of the month, I sold 3000 CEL to DAI and sent them back to my Celsius Network wallet. More on that in the following chapter.

Evolution of the portfolio value in December

• The portfolio gained around $110K in December which is +71%, This is without counting the additional $43K capital I added beginning of the month. This is once again very high and is mainly coming from BTC (+55% in December), ETH (+23%) and especially CEL (+125%) and CHSB (+127%)... This last number is probably the consequence of SwissBorg finally releasing their Smart Yield product. It delivers around 20% APY on USDC. If this is very good, other DeFi services are still proposing more, so I'm not using it yet. 

• As this is the second month of crazy growth, I decided to implement a rebalancing strategy consisting in maintaining a 20% allocation to stable coins. This will force me to sell ETH/BTC/CEL to buy stable coins when the portfolio is growing and sell stable coins to buy ETH/BTC/CEL when the portfolio is shrinking. This should decrease the volatility of the portfolio and automatically implement a dollar cost averaging on the ETH/BTC/CEL tokens.

Regarding the evolution of the portfolio value vs the capital invested, the portfolio value increased its performance against the value invested plus the interest. Note that the blue line in the following diagram uses current token price to evaluate the amount of interest received in the past.

Things to look forward to in January

For January, I'm looking forward to the evolution of the yield on BoringDAO as they seem both very high but also very volatile. I'm also looking forward to the delivery of Smart Yield of SwissBorg on more assets than USDC and especially on CHSB. Finally, I'll keep track of the evolution of ETH and BTC as a correction might be coming.