Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 28 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 June 2022.

Crypto interests

The portfolio earnings reached $2719 this month, that's a 60% 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:

• 41.35 GMX from GMX.io as staking interest and Optimism airdrop reinvestment.
• 133 FXS from Convex Finance as reward to my shares of the cvxFXS, FRAX/FPI liquidity pools and also as brides from Votium thanks to Lama Airforce.
• 635.41 CRV from Convex Finance and Curve as reward to my participation to the LINK, EURS, FRAX/FPI liquidity pools. I also received some as brides from Votium thanks to Lama Airforce.
• 2215 PNT from Convex Finance as rewards to my participation to the pBTC liquidity pools.
• 35 CVX from Convex Finance as interest on my shares of the cvxCRV, cvxFXS, LINK, EURS and FRAX/FPI liquidity pools.
• 100 OSMO from Osmosis as rewards from my share of the ATOM/OSMO and BTC/OSMO liquidity pools.
• 52.59 USDC from Convex Finance(3Crv). 
• 4.01 rDPX from Dopex as reward on my shares of the rDPX/ETH liquidity pool.
• 0.038 ETH from Looksrare as rewards for my LOOKS staking and from GMX.io.
• 2.79 HNT from my Helium access points.
• 0.16 DPX from Dopex as reward on my shares of the DPX/ETH liquidity pool, DPX staking.
• 5.65 JUNO from my JUNO staking.
• 45 LOOKS from Looksrare as rewards for my LOOKS staking.
• 5 LUNA from Terra as staking reward. 
• 139 QI from QiDAO as reward for my ETH vaults and USDC/MAI liquidity pool investment.
• 0.208 ATOM as staking reward from my ATOM.
• 19.92 ANGLE from Convex Finance as reward to my participation to the EURS liquidity pools.

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

Regarding the interest composition GMX(25%), FXS(23.7%), CRV(18.1%), PNT(16.9%) and CVX(5%) are the top contributors. The remaining 12 sources are around 11.3%. 

Transactions realized

Beginning of the month,

• I swapped the Optimism airdop to GMX and staked them on GMX.io.

Middle of the month,

• When BTC and ETH price started decreasing a lot, I closed my USDC/MAI position and closed my QiDAO ETH vault. This ETH vault allows to borrow MAI against ETH.
• I claimed and reinvested my Convex Finance rewards to benefits from low gas.

End of the month,

• I my DPX and rDPX positions, swapped all the tokens for GMX and staked everything into GMX.io. The reasons is that I think GMX has more potential than Dopex to resist to the down trend.
• I claimed and reinvested my Convex Finance rewards to benefits from low gas.
• I swapped all my PNT for USDC, swapped my EURS to USDC and reinvested everything into the FRAX/USDC liquidity pool on Curve. 

Evolution of the portfolio value

• The portfolio finished the month with a loss of $80K which is -22%, third worst month since I tracked the portfolio. The main reason is the overall 33% drop of the market in June.
• If we look at the performance of the main components of the portfolio: BTC(-34%), ETH(-41%), Convex(-55%), Curve(-40%).

• The stable coin allocation is now 49.5% which is very high as my target was between 20 and 30%. Seeing the uncertainty with the macro in general, I'll keep it like that for some time until I see things getting more stable. 
• The ETH/BTC allocation is around 40.4%, which is still inline with my 40-50% target range.
• CRV/CVX/FXS/GMX allocation is around 6.2% this month. My target is between 10-15%.

The portfolio value compared to the value invested + earnings received decreased again this month and reached +33%.

The portfolio performance of -22% this month pushes down the monthly average performance to +7.9%:

Things to look forward in July

In July, I'm looking forward to evolution of the macro situation again but generally I hope we'll get a calmer month. I'm planning to monitor the performance of my new investments (GMX and the new vaults) and will try to bring my allocations closer to the targets if I see the situation stabilizing.