Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 49 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 2024.

Crypto interests

The portfolio earnings reached $4673 this month, that's a 6.3% 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:

• 3312 CRV from Convex Finance/Curve as reward for my contributions to the pxETH/stETH and crvUSD/tBTC/ETH liquidity pools.
• 78.67 TIA from staking TIA and from the Dymension airdrop that I immediately converted to TIA.
• 457 ARB as reward to my contribution to the MIM/USDC liquidity pool from Curve.
• 126 OP from Merkl as reward to my contribution to the tBTC/WBTC liquidity pool on Uniswap on Optimism.
• 0.0541 ETH from GMX as reward from staking my GMX tokens, from the ETH vault on Umami on Arbitrum.
• 35 BAL from Aura Finance as reward for my contribution to the WBTC/tBTC liquidity pool on Ethereum.
• 16.83 PENDLE from Pendle Finance as reward from my contribution to the rsETH pool on Arbitrum.
• 78 AURA from Aura Finance as reward for my contribution to the WBTC/tBTC liquidity pool on Ethereum.
• 27.1 STRK from Ekubo as reward for my contribution to the STRK/ETH liquidity pool on StarkNet. 
• 293 T from Aura Finance as reward for my contribution to the WBTC/tBTC liquidity pool on Ethereum.
• 3.4 CVX from Convex Finance as reward for my contributions to the pxETH/stETH liquidity pools.
• 7960 IOT from from my Helium access points.
• 1.44 UMAMI from Umami as staking rewards.
• 0.21 ATOM as staking reward from my ATOM.
• 0.70 OSMO from Osmosis as staking rewards.
• 0.29 IMX from Immutable as staking rewards. 
• 1.70 JUNO from my JUNO staking.

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

This month, the annualized interest is 16.31% APR. The average on the last 12 month is now at 17.7% APR.

Regarding the interest composition CRV(43.6%), TIA(20.7%), ARB(14.4%) and OP(8.7%) are the top contributors. The remaining sources are around 12.6%.

Transactions realized

Beginning of the month,

• I removed my funds from the MIM/crvUSD liquidity pool after getting annoyed again by MIM and crvUSD loosing value against the dollar. Even with the interest payed (more than 30% APY) by this liquidity pool, the dollar value was lower to what I deposited... 
• So, I reinvested all these tokens plus some ARB into the FRAX/frxETH/tBTC on Curve on arbitrum for around 40% APY.
• I claimed the DYM airdrop that I reinvested in TIA. I staked them immediately.
• I moved the funds from the FRAX/frxETH/tBTC on Arbitrum to the crvUSD/tBTC/ETH on Curve on Base as the APY dropped to 10% APY.

Middle of the month,

• I converted CRV, ARB and PENDLE rewards to ETH and send them to StarkNet. There I converted half of it in STRK and put everything in the ETH/STRK liquidity pool on Ekubo for around 70% APR.
• I moved my tBTC/WBTC from Aura Finance on Ethereum to Uniswap/Merkl on Optimism for 15% APR.

End of the month,

• I moved unstaked LUNA to a new Aptos wallet and invested into THL on Thala.

Evolution of the portfolio value

• The portfolio finished the month with a gain of $18K which is +5.84%.
• The performances of the main components of the portfolio were mostly in the green: WBTC(+11%), ETH(+2%), GMX(-22%).

• The stable coins allocation is now 13.7%. It is basically crvUSD. It is not in my old target range of 40-60%. I probably overreacted to MIM losing its peg while BTC seemed to be up only. With this new allocation, I don't have a strategy to take profit anymore. So I need to decide how I will do that.

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

The portfolio performance is +23.6% this month,  the historical average is now +5.54%.

Things to look forward in April

In April, I need to decide if I go back to my old portfolio allocation or if I figure out a new way. Let's see how the market react to the next halving...