Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 69 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 November 2025.

Crypto interests

The portfolio earnings reached $4140 this month, that's a 151% 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:

• 6282 YB from YieldBasis as reward for contributing to the tBTC, cbBTC and WBTC vaults.
• 934 CRV from Convex Finance/StakeDao as reward for contributing to the XAUt/PAXG, ETH/pxETH, msETH/ETH  liquidity pools on Ethereum.
• 0.1124 ETH from Curve Finance as reward from contributing to the EURe/xDAI/USDC/USDT liquidity pool on Gnosis.
• 302.5 USDC as QUICK  tokens from Merkl for contributing to a tBTC/WBTC liquidity pool and as MON from the Monad airdrop.
• 0.003 tBTC from Merkl for contributing to a tBTC/cbBTC liquidity pool  
• 4.96 GMX from GMX as reward for staking my GMX tokens on Arbitrum.
• 0.12 GNO from my GnosisPay Visa debit card cashback.
• 0.05 AAVE from Aave as reward for staking some AAVE.
• 1.67 PENDLE from StakeDao as reward for contributing to the rswETH liquidity pools.
• 0.006 BNB from Aster and Lista as staking reward
• 0.08 HYPE as staking reward.
• 0.44 HNT from my Helium access points.
• 0.25 ATOM as staking reward.
• 2.81 JUNO as staking rewards.
• 0.29 OSMO staking rewards.
• 0.0037 CVX as reward for contributing to the XAUt/PAXG liquidity pools on Convex Finance/StakeDao.

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

This month, the annualized interest is 12.67% APR. The average on the last 12 month is now at 6.98% APR.

Regarding the interest composition, this month the main sources are the followings: YB(66.5%), CRV(8.9%), ETH(8.3%), USDC(7.4%) and WBTC(6.8%). The remaining sources are around 2.1%.

Transactions realized

Beginning of the month,

• Beginning of the month, I removed the remaining USDC liquidity I had in Crosscurve liquidity pool on Sonic and bridged it to Gnosis
• I claimed my QUICK rewards from Merkl, swapped them to USDC and bridged them to Gnosis
• I also claimed my wstETH rewards from Curve Finance on Gnosis, swapped them also to USDC
• On Gnosis, I swapped the USDC to EURe, sent half on my GnosisPay Visa debit card and contributed the rest to the EUReUSD pool on Curve Finance for 12.6% APY.

Middle of the month,

• I moved my WBTC liquidity and the converted CRV rewards from StakeDao to YieldBasis for around 20% APY.
• I claimed the YB rewards from YieldBasis and converted it to ZEC, mainly to try a bit the experience through NEAR intends.

End of the month,

• I moved some tBTC liquidity from Base to Merkl on Ethereum for around 10% APY in tBTC.
• I claimed my remaining QUICK rewards, GMX rewards, CRV rewards, YB rewards and added to my tBTC liquidity on YieldBasis.
• I claimed my Monad airdrop, converted it immediately to EURe and sent it to my GnosisPay Visa debit card

Evolution of the portfolio value

• The portfolio finished the month with a loss of $85.5K which is -18%.
• The performances of the main components of the portfolio were all very bad: ETH(-27.7%), BNB(-24.3%), AAVE(-22.8%), WBTC(-21.5%) and GMX(-16.3%).

• The stable coins allocation is now at 22.4%. It is a mix of xDAI/USDT/USDC/EURe/PAXG/XAUT.
• 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 mid range, in non-stable coins if it is higher than the mid range.
• The ETH allocation is at 21%, so back in the target range of 15-25%.

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 -18% this month, the historical monthly average is now +6.14%.

Things to look forward in December

November was again a negative month but YieldBasis confirms its high interest rewards. The goal of this protocol to remove the impermanent loss of liquidity pools seems to be correctly implemented on the long term which should make this protocol very successful.