Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 47 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 January 2024.

Crypto interests

The portfolio earnings reached $5003 this month, that's a 21% decrease 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:

• 77718 LIT from Liquis as rewards to the tokens provided to the DOLA/USDC liquidity pool on Ethereum.
• 2058 CRV from Convex Finance/Curve and StakeDAO as reward for my contributions to the pxETH/frxETH liquidity pool.
• 57829 LIQ from Liquis as rewards to the tokens provided to the DOLA/USDC liquidity pool on Ethereum.
• 272 ARB from Trader Joe as reward for my contribution to the WBTC/ETH liquidity pool on Arbitrum.
• 0.06 ETH from GMX as reward from staking my GMX tokens, from the ETH vault on Umami on Arbitrum.
• 26.71 BAL from Aura Finance as reward for my contribution to the WBTC/tBTC liquidity pool on Ethereum.
• 25.24 OP from Publish0x for several months of blogging.
• 4552 ORETRO from Merkl as reward for my contribution to the WBTC/ETH liquidity pool on Polygon.
• 68 AURA from Aura Finance as reward for my contribution to the WBTC/tBTC liquidity pool on Ethereum.
• 7561 IOT from from my Helium access points.
• 16.83 LUNA from Terra as staking rewards.
• 1.61 UMAMI from Umami as staking rewards.
• 0.21 ATOM as staking reward from my ATOM.
• 0.71 OSMO from Osmosis as staking rewards.
• 0.31 IMX from Immutable as staking rewards. 
• 1.64 JUNO from my JUNO staking.

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

This month, the annualized interest is 22.88% APR. The average on the last 12 month is still at around 23% APR.

Regarding the interest composition LIT(32.8%), CRV(30.2%), LIQ(19.5%), ARB(10%) are the top contributors. The remaining sources are around 7.5%.

Transactions realized

Beginning of the month,

• I removed the funds from the WBTC/WETH liquidity pool on Merkl on Polygon as the interest decreased a lot.
• I moved the funds on Arbitrum and put them in the WBTC/tBTC liquidity pool on Convex Finance for around 25% APY.

Middle of the month,

• I claimed my LIQ and LIT rewards from Liquis and Timeless, converted them in ETH and moved them on Arbitrum in the wstETH/rETH/sfrxETH liquidity pool on Aura Finance.
• I removed some funds from Trader Joe(WBTC/WETH) and Convex Finance (WBTC/tBTC) to Aura Finance wstETH/rETH/sfrxETH to try to balance my ETH and WBTC positions.
• I swapped my $1000 of AIOZ that were doing nothing to SAVM. The position almost double then crashed to a third at the end of the month... 

End of the month,

• I claimed my LIQ and LIT rewards from Liquis rewards and converted everything into ETH.
• I converted my USDC/DOLA from Liquis to crvUSD/DOLA on StakeDAO for a few days as the reward went down, then did the opposite a few days later as the reward went down on StakeDAO and up on Liquis...
• I moved my ETH from the wstETH/rETH/sfrxETH liquidity pool on Aura Finance on Arbitrum to the pxETH/WETH on Liquis on Ethereum for 90% APY.
• I moved my WBTC from the WBTC/tBTC liquidity pool on Convex Finance on Arbitrum to Aura Finance on Ethereum
• I moved my ETH from the pxETH/WETH on Liquis to the frxETH/pxETH on Curve for around 25% APY as the interest on Liquis decreased a lot.

Evolution of the portfolio value

• The portfolio finished the month with a loss of $9.8K which is -3.62%.
• The performances of the main components of the portfolio were all in the red: WBTC(-2.49%), ETH(-2.05%), GMX(-25.69%).

• The stable coins allocation is now 49.2%. It is a mix DOLA and USDC tokens.
• My portfolio allocation plan is the following:
  • keep the stable coin allocation between 60% and 40% of the portfolio and keep it high enough so that if the non-stable coins come back to their lowest price in the period, the value of the portfolio will still be higher than the value invested. 
  • 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 WBTC/ETH/GMX/IMX/UMAMI/COW/AIOZ. 
    • 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.

Here is the portfolio value compared to the value invested and the interest received.

The portfolio performance is -3.62% this month,  the historical average is now +5.2%.

Things to look forward in February

In January I moved most of my funds, I hope it will be a bit less in February. I also started looking a bit at the COSMOS ecosystems again, I'll add something about that in the next article.