Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 41 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 July 2023.

Crypto interests

The portfolio earnings reached $2194 this month, that's a 48% 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:

• 33675 LIT from Timeless as reward to my share of the DCHF/xCHF liquidity pool
• 0.3166 ETH from GMX as reward from staking my GLP/GMX tokens and Beefy TricryptoUSDC vault. I also converted my BIKE airdrop into ETH.
• 120 USDC from Beefy TricryptoUSDC vault
• 0.0041 WBTC from Beefy TricryptoUSDC vault
• 24.67 AURA from Jones DAO as reward on my AURA tokens.
• 21.63 CRV from Convex Finance and Lama Airforce as reward from CRV pounders interest and locking CVX. I also received my brides from Votium as CRV.
• 18.25 LUNA from Terra as staking rewards.
• 15710 IOT from from my Helium access points.
• 0.32 UMAMI from Umami as staking rewards.
• 0.2931 ATOM as staking reward from my ATOM.
• 0.3 FXS from Convex Finance as reward to my CVX locking. 
• 3.2562 JUNO from my JUNO staking.
• 0.6894 OSMO from Osmosis as staking rewards.

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

This month, the interest decreased to to 10.7% APR. There are various reasons for that but I expect this interest to raise next month. The average on the last 12 month is still at around 20% APR.

Regarding the interest composition LIT(59.6%), ETH(26.5%), USDC (5.5%) and WBTC(5.5%) are the top contributors. The remaining sources are around 2.9%.

Transactions realized

Beginning of the month,

• I received a Bike airdrop on Optimism that I converted to ETH.
• I claimed my LIT reward, converted it it in ETH and added it to the Beefy TricryptoUSDC vault

End of the month,

• 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 win of $598 which is +0.25%.
• The performances of the main components of the portfolio were bad, especially CRV: FXS(+3.2%), ETH(-2.82%), WBTC(-3.42%), GMX(-9.2%), CVX(-12.8%), CRV(-21.3%), .

• The stable coins allocation is now 64.7%. I don't detail my stable coin allocation, but it's basically a mix of DCHF, xCHF, USDC, USDT, DAI and FRAX.
• 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 regain a little of the lost margin this month compared to the capital invested + earnings received.

The portfolio performance is -31.8% this month,  the historical average is now +5.51%.

Things to look forward in August

In August, I'm looking forward to the evolution of the macro situation. On the crypto side, I'll follow the Curve situation and its impact on the CRV value.