Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 52 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 2024.

Crypto interests

The portfolio earnings reached $4163 this month, that's a 12% 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:

• 141 UNI from Merkl as reward for my contribution to the WBTC/ETH liquidity pool on Linea.
• 416 OP from Merkl as reward for my contribution to the WBTC/tBTC liquidity pool on Optimism. 
• 725 STRK from Ekubo as reward for my contributions to the ETH/WBTC and DAI/USDC liquidity pools on StarkNet. 
• 526 ARB from Merkl as reward for my contributions to the USDe/USDC and ezETH/wstETH liquidity pools on Arbitrum.
• 389 USDC from SNX on Base and Dolomite on Arbitrum as reward for my USDC liquidity position. I also converted immediately as USDC the ZRO airdrop I received.
• 3942 BSX from Merkl as reward for my contributions to the USDC/sFrax liquidity pool on Base.
• 0.032 ETH from GMX as reward from staking my GMX tokens.
• 27 BAL from Aura Finance as reward for my contributions to the tBTC/ETH liquidity pool on Base.
• 8.95 PENDLE from Pendle Finance as reward from my contribution to the rsETH pool on Arbitrum.
• 12 FXS from Merkl as reward for my contribution to the USDC/sFRAX liquidity pool on Base. 
• 36 AURA from Aura Finance as reward for my contributions to the tBTC/ETH liquidity pool on Base.
• 66 SNX from SNX on Base as reward for my USDC liquidity position. 
• 239 VELO from  Velodrome Finance on Optimism as reward for my WBTC/tBTC liquidity position. 
• 8 CAKE from PancakeSwap Finance as reward for my contribution to the pxETH/ETH liquidity pool.
• 8560 IOT from from my Helium access points.
• 0.63 TIA from staking TIA.
• 6.49 LUNA from staking LUNA
• 0.19 ATOM as staking reward from my ATOM.
• 0.22 IMX from Immutable as staking rewards. 
• 0.60 OSMO from Osmosis as staking rewards.
• 1.57 JUNO from staking JUNO.

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

This month, the annualized interest is 14% APR. The average on the last 12 month is now at 17% APR.

Regarding the interest composition, this month the sources are again more diverse: UNI(31.9%), OP(18.4%), STRK(12.1%), ARB(10.2%), USDC(9.4%) and BSX(9.1%) are the top contributors. The remaining sources are around 8.9%.

Transactions realized

Beginning of the month,

• I removed the USDC liquidity I had on SNX on Base as the interest rate was become less interesting and claimed the related rewards. I moved it on Dolomite on Arbitrum for around 50% APY.
• I removed the tBTC/WETH liquidity I had on Aura Finance on Base and moved it on Merkl on Linea for around 40 % APY in UNI.

Middle of the month,

• I removed the USDC liquidity from Dolomite as the interest rate was becoming less interesting and invested it into the USDe/USDC liquidity pool on Merkl on Arbitrum.
• I claimed my Maverick airdrop and converted it into ETH.
• I claimed my STRK reward tokens from Ekubo and reinvested them into the USDC/DAI liquidity pool.

End of the month,

• I removed the WBTC/tBTC liquidity I had on Merkl on Optimism as the OP reward ended, I converted it into WBTC and invested everything into Velodrome Finance for around 14% APY.
• I claimed my ZRO airdrop and converted everything into USDC.
• I claimed my EIGEN airdrop. 
• I moved back my WBTC/tBTC and the converted VELO reward from Velodrome Finance to Merkl on Optimism as the OP reward restarted.
• I removed my rsETH from Pendle Finance as the reward ended and moved the funds into the ezETH/wstETH liquidty pool on Beefy.
• I claimed my ETH reward from GMX and some ARB reward from Merkl, converted everything into WBTC/tBTC and invested them into a Curve liquidity pool on Arbitrum
• I claimed my STRK reward tokens from Ekubo and reinvested them into the WBTC/ETH liquidity pool on Nostra Finance for 36% APY.

Evolution of the portfolio value

• The portfolio finished the month with a loss of $35K which is -9.6%.
• The performances of the main components of the portfolio were fairly bad: WBTC(-7.21%), ETH(-9.85%), GMX(-22.1%).

• The stable coins allocation is now 17%. It is a mix of USDC/USDe/DAI/sFRAX.
• It is now in my target range of 15-25%. I'll reinvest the monthly interest received in stable coin if the stable coin allocation is lower than the range, in non-stable coins if it is higher than the range.  

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

The portfolio performance is -9.6% this month,  the historical monthly average is now +5.21%.

Things to look forward in July

June was bad, I'm curious to see the impact of the ETH ETF arrival on the overall crypto prices.