Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 61 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 March 2025.

Crypto interests

The portfolio earnings reached $2170 this month, that's a 14% 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:

• 2129 CRV from Curve Finance as reward for contributing to the ETH/pxETH, sUSD/sUSDe and scrvUSD/sUSDe liquidity pools on Ethereum, and USDC/scrvUSD liquidity pools on Base, uniETH/WETH liquidity pool on Arbitrum.
• 621.5092 AERO from Aerodrome Finance as reward for contributing to the WETH/msETH liquidity pools on Base.
• 248.62 USDC from Curve Finance as reward for contributing to the sDAI/sUSDe  and scrvUSD/sUSDe liquidity pools and from ACI for holding GHO.
• 70.5991 CAKE from StakeDao as reward for my contribution to the cbBTC/WBTC liquidity pool on Ethereum.
• 0.5637 AAVE from Aave as reward for staking some AAVE and GHO.
• 0.50943 GNO from my GnosisPay Visa debit card cashback.
• 0.006006 WBTC from Cetus as reward for my contribution to the wBTC/WBTC liquidity pool on Sui.
• 3.5732 GMX from GMX as reward for staking my GMX tokens on Arbitrum.
• 23.8243 BAL from Aura as reward for my contribution to the EURe/sDAI on Gnosis.
• 13.48 JTO from Kamino Finance as reward for my contributions to the JitoSOL/SOL liquidity pool on Solana.
• 763.9222 EYWA from CrossCurve as reward for contributing to the xStable and xWETH liquidity pools.
• 42.6099 AURA from Aura as reward for my contribution to the EURe/sDAI on Gnosis.
• 2.736162 RAY from Raydium as reward for my contribution to the cbBTC/WBTC liquidity pool on Solana.
• 1.31 HNT from my Helium access points.
• 0.2329 ATOM as staking reward.
• 3.68 LUNA as staking reward.
• 0.1164 CVX as reward for providing for contributing to the sUSD/sUSDSe on StakeDAO.
• 2.1397 JUNO as staking rewards.
• 0.6819 OSMO from Osmosis as staking rewards.

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

This month, the annualized interest is 7.45% APR. The average on the last 12 month is now at 10.8% APR.

Regarding the interest composition, this month the main sources are the followings: CRV(52.9%), USDC(11.5%), AERO(13%), CAKE(6.6%) are the top contributors. The remaining sources are around 16%.

Transactions realized

Beginning of the month,

• I removed the WBTC liquidity I had in Raydium on Solana because the interest decreased a lot and moved it in Umami on Arbitrum.
• I moved the sUSDe/sDAI liquidity I had in Curve and the xStable liquidity I had on Crosscurve to the sUSD/sUSDe on StakeDAO for around 25% APY.

Middle of the month,

• I claimed my AERO reward from Aerodrome Finance and converted it to EURe.
• I claimed my AURA and BAL reward from Aura and converted it to EURe.
• I claimed my CRV and CVX reward from StakeDAO and converted it to EURe.
• I claimed my EYWA reward from Crosscurve and converted it to EURe.
• I also withdraw some EURe of the EURe/sDAI liquidity on Aura.
• I moved all these EURe on my GnosisPay Visa debit card.

Evolution of the portfolio value

• The portfolio finished the month with a loss of $20.6K which is -5.5%.
• The performances of the main components of the portfolio were all bad: WBTC(-0.9%), ETH(-13.8%), GMX(-30.6%), SOL(-11.5%) and AAVE(-14.5%).

• The stable coins allocation is now at 22.6%. It is a mix of GHO/sUSD/xDAI/crvUSD/USDC/sUSDe/EURe.
• It is still 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.
• The ETH allocation keeps on decreasing, I don't plan to invest on more ETH while the momentum is so bad I plan to catch potential reversing signals. 

Here is the portfolio value compared to the value invested and the interest received. This month the value invested decreased again because of the spending done on my GnosisPay VISA debit card and no fresh funds added.

The portfolio performance is -5.5% this month, the historical monthly average is now +6.6%.

Things to look forward in April

March was again a bad month but I managed to increase the interest received. I plan to try to increase it again in April even if it might be challenging. Apart from that, I'll continue paying for my monthly spending using mostly my crypto interest and my GnosisPay VISA debit card to decrease the value invested.