Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 51 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 May 2024.

Crypto interests

The portfolio earnings reached $3689 this month, that's a 13% 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:

• 621 STRK from Ekubo as reward for my contributions to the ETH/WBTC and DAI/USDC liquidity pools on StarkNet. 
• 119 BAL from Aura Finance as reward for my contributions to the WBTC/tBTC liquidity pool on Ethereum and tBTC/ETH liquidity pool on Base.
• 983 CRV from Convex Finance/Curve as reward for my contribution to the crvUSD/tBTC/ETH liquidity pool on Base.
• 140 OP from Merkl as reward for my contribution to the WBTC/tBTC liquidity pool on Optimism. 
• 9643 T from Aura Finance as reward for my contribution to the WBTC/tBTC liquidity pool on Ethereum.
• 291 USDC from SNX on Base as reward for my USDC liquidity position. I also converted immediately as USDC the Ekubo airdrop I received.
• 296 AURA from Aura Finance as reward for my contributions to the WBTC/tBTC liquidity pool on Ethereum and tBTC/ETH liquidity pool on Base.
• 37 PENDLE from Pendle Finance as reward from my contribution to the rsETH pool on Arbitrum.
• 66 SNX from SNX on Base as reward for my USDC liquidity position. 
• 64 CAKE from PancakeSwap Finance as reward for my contribution to the pxETH/ETH liquidity pool.
• 0.032 ETH from GMX as reward from staking my GMX tokens, from the ETH vault on Umami on Arbitrum.
• 9 FXS from Merkl as reward for my contribution to the USDC/sFRAX liquidity pool on Base. 
• 0.75 TIA from staking TIA.
• 9780 IOT from from my Helium access points.
• 4.66 LUNA from staking LUNA
• 0.23 ATOM as staking reward from my ATOM.
• 0.36 IMX from Immutable as staking rewards. 
• 0.69 OSMO from Osmosis as staking rewards.
• 1.99 JUNO from staking JUNO.

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

This month, the annualized interest is 12% APR. The average on the last 12 month is now at 18% APR.

Regarding the interest composition, this month the sources are more diverse: STRK(20.4%), BAL(13%) , CRV(12.5%), OP(9.5%), T(9.3%), USDC(7.9%), AURA(6.7%), PENDLE(6.1%) and SNX(5.2) are the top contributors. The remaining sources are around 9.4%.

Transactions realized

Beginning of the month,

• I converted my UMAMI tokens into Bonsai tokens on Arbitrum as the project reorganized.
• I claimed my STRK reward tokens from Ekubo and reinvested them into the USDC/DAI liquidity pool.

Middle of the month,

• I removed the remaining funds I had in the crvUSD/tBTC/ETH Curve liquidity poll on Base and claimed the CRV rewards. I did that as the interest rate was decreasing on Curve and because I could get better rate elsewhere.
• I converted the CRV and crvUSD in USDC and invested them into a SNX USDC liquidity position for around 60% APY at that time.
• I invested the tBTC and WETH into Aura Finance on Base for around 20% APY.
• I claimed the Aura Finance and PancakeSwap Finance rewards on Ethereum and converted them into WBTC and tBTC.
• I also transferred some tBTC I had on Solana to Ethereum and deposited everything into the tBTC/WBTC liquidity pool on Aura Finance.
• I claimed my Ekubo airdrop and converted it into USDC 
• I claimed my STRK reward tokens from Ekubo and reinvested them into the WBTC/ETH liquidity pool.

End of the month,

• I claimed the rewards and removed my tokens from the tBTC/WBTC liquidity pool on Aura Finance and move them on Optimism in Merkl for around 10% APY.
• I converted the rewards in MPS tokens. These are the tokens of Mt Pelerin, the cheapest on-ramp platform if you own these tokens.
• I used Mt Pelerin to buy some USDC directly on Base with Swiss Franc coming from my bank account without any fees.
• I contributed these USDC on the USDC/sFrax liquidity pool on Merkl on Base.
• I claimed my STRK reward tokens from Ekubo and reinvested them into the USDT/USDC liquidity pool on Starknet.

Evolution of the portfolio value

• The portfolio finished the month with a gain of $61K which is +20%.
• The performances of the main components of the portfolio were very red: WBTC(+16.13%), ETH(+28.14%), GMX(+47%).

• The stable coins allocation is now 15%. It is a mix of USDC/USDT/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 +20% this month,  the historical monthly average is now +5.47%.

Things to look forward in June

May was a very good month with the surprise on the ETH ETF. Let's see if June is has good. I'm curious to receive my Eigen Layer airdrop as well.