Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 40 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 2023.

Crypto interests

The portfolio earnings reached $4238 this month, that's a 26% 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:

• 2299 CRV from Convex Finance and Lama Airforce as reward to my participation to the cvxFXS/FXS liquidity pool, CRV pounders interest and locking CVX. I also received my brides from Votium as CRV.
• 918 LIT from Timeless as reward to my share of the DCHF/xCHF liquidity pool
• 0.3148 ETH from GMX as reward from staking my GLP/GMX tokens.
• 617567 LFT from Lend Flare as rewards for supplying ETH and WBTC
• 49.69 FXS from Convex Finance as reward to my shares of the FXS/cvxFXS liquidity pools and CVX locking. 
• 75 MON from Defi Franc as rewards from providing DCHF liquidity to the stability pool.
• 14.8 CVX from Convex Finance as interest on my shares of the FXS/cvxFXS liquidity pools and CVX locking.
• 14.78 LUNA from Terra as staking rewards.
• 0.32 UMAMI from Umami as staking rewards.
• 14020 IOT from from my Helium access points.
• 0.293 ATOM as staking reward from my ATOM.
• 0.15 AURABAL from Aura Finance as reward for locking my AURA.
• 3.3 JUNO from my JUNO staking.
• 1.01 OSMO from Osmosis as staking rewards.

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

This month, the interest climbed up to 20.8% APR but for a very bad reason I'll detail later in this post. The average on the last 12 month is still at around 20% APR.

Regarding the interest composition CRV(41.2%), LIT(21.6%), ETH(14.5%), LFT(12.2%) and FXS(6.9) are the top contributors. The remaining sources are around 3.6%.

Transactions realized

Beginning of the month,

• I claimed my LFT and MON rewards from Lend Flare and Defi Franc and converted everything to ETH
• I moved by CRV from Convex Finance to Lama Airforce to benefit from their auto-compounding feature and avoid the gas fees.
• A few days after having providing liquidity to USDD/3CRV on Beefy, the rewards dropped and I moved everything to the FRAXBP/USDD liquidity pool for around 15% APY.
• The rewards on the DCHF stability pool at Defi Franc dropped as well, so I moved the liquidity to Timeless DCHF/xCHF liquidity pool for around 18% APY.

Middle of the month,

• After digging around in Etherscan, I discovered that the LendFlare funders stole all the supplied USDC/ETH and WBTC funds to Tornado Cash ... So, I lost most of my WBTC and ETH and basically all the capital appreciation performance the portfolio had accumulated since its inception.
• A bit later, the thieves also replaced the LTF token contract preventing anybody to sell the token anymore...

End of the month,

• I claimed my LIT rewards from Timeless and converted everything to ETH
• As the FRAXBP/USDD liquidity pools rewards dropped again, I decided to moved part of the funds to the Timeless DCHF/xCHF liquidity pool and part to the USDC Tricrypto liquidity pool on Beefy to regain some exposure to WBTC and ETH.
• I moved my AURA from Aura Finance to Jones DAO to enable auto compounding of the bribes.
• I compounded my rewards on GMX and reinvested the ETH rewards in UMAMI as their pools are now live.

Evolution of the portfolio value

• The portfolio finished the month with a loss of $113K which is -31%, almost as bad as the month of the UST/LUNA collapse.
• The performances of the main components of the portfolio were actually good: WBTC(+14.02%), GMX(+7.54%), ETH(+3.34%), CRV(-4.27%), FXS(-9.6%), CVX(-11.2%). It is interesting to notice the ETH had no negative month since the beginning of the year.

• The stable coins allocation is now 63.5%. 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 => I obviously added this last part this month...
  • 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 lost all the 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 July

In July, I'm looking forward to the evolution of the macro situation as usual. I'll try to stick to my portfolio allocation strategy and avoid thieves and crooks when possible...