Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 35 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 2023.

Crypto interests

The portfolio earnings reached $5667 this month, that's a 134% 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:

• 1.7 ETH from GMX and from Lend Flare as reward from respectively staking my GLP/GMX tokens and supplying ETH tokens. The largest part came from Lend Flare who does not provide regularly an ETH interest, but only when people are getting liquidated.
• 11041 MON from Defi Franc as rewards from providing liquidity to the DCHF/3crv pool
• 75292 LFT from Lend Flare as rewards for supplying ETH and WBTC
• 378 CRV from Convex Finance as reward to my participation to the cvxFXS/FXS, LINK/sLINK, FRAX/FPI liquidity pools, staking cvxCRV and locking CVX
• 343 USDC from Convex Finance(3Crv) and from converting an airdrop from Thena  
• 8 FXS from Convex Finance as reward to my shares of the FXS/cvxFXS, FRAX/FPI liquidity pools and CVX locking. I also received my brides from Votium as FXS thanks to Lama Airforce.
• 11.2 CVX from Convex Finance as interest on my shares of the LINK/sLINK, FRAX/FPI, FXS/cvxFXS liquidity pools, cvxCRV staking pool and CVX locking.
• 1 GMX from GMX.io as staking interest.
• 13 LUNA from Terra as staking rewards.
• 15 OSMO from Osmosis as rewards from my share of the ATOM/OSMO and BTC/OSMO liquidity pools.
• 4.05 HNT from my Helium access points.
• 3.51 JUNO from my JUNO staking.
• 0.26 ATOM as staking reward from my ATOM.
• 0.07 auraBAL from Aura as rewards from locking my AURA.

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

Regarding the interest composition ETH(49%), MON(19%), LFT(12%), CRV(7%) and USDC(6%) are the top contributors. The remaining 9 sources are around 7%.

Transactions realized

Beginning of the month,

• I received the airdrop from Thena that I swapped to USDC and moved to the Ethereum chain from BSC.
• I compounded my GMX rewards
• I claimed my LFT and MON rewards from Lend Flare and Defi Franc and swapped them into WBTC
• I supplied this new WBTC into Lend Flare

Middle of the month,

• I claimed my LFT and MON rewards from Lend Flare and Defi Franc and swapped them into WBTC
• I claimed and reinvested my CRV/FXS/CVX on Convex Finance
• I moved by ZKP into the new Panther staking contracts on Polygon
• I claimed my LFT and MON rewards from Lend Flare and Defi Franc and swapped them into WBTC
• I cleaned up my Binance account and moved the remaining funds into the Defi Franc DCHF/3CRV liquidity pool 

End of the month,

• I compounded my GMX rewards
• I started reinvested a small amount of ETH rewards from GMX into Umami on Arbitrum. I like this promising project and the fact that UMAMI token price seems very uncorrelated with the rest of the market.
• I finally moved remaining funds from Osmosis ATOM/OSMO and WBTC/OSMO liquidity pools into WBTC supplied in Lend Flare

Evolution of the portfolio value

• The portfolio finished the month with a gain of $53K which is +19%.
• The performances of the main components of the portfolio were so much better than the last few months: BTC(+42%), ETH(+36%), GMX(+64%), CRV(+109%), CVX(+103%), FXS(+144%)

• The stable coins allocation decreased to 55%.
• My new portfolio allocation plan is the following
  • keep the stable coin allocation between 60% and 40%.
  • 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 CRV/CVX/FXS/GMX/UMAMI
    • Avoid staying invested very long in bad coins

The portfolio value compared to the capital invested + earnings received increased this month and rebuilt a bit of margin.

The portfolio performance of +19% this month helped increase a bit the monthly average back to +7.12%

Things to look forward in February

In February, I'm looking forward to the evolution of the macro situation as usual. I plan to stick to my new portfolio allocation strategy and maybe refine it. Finally I'll probably add to my new UMAMI position.