Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 45 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 2023.

Crypto interests

The portfolio earnings reached $4439 this month, that's a 27% 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:

• 2987 CRV from Convex Finance, Lama Airforce and StakeDAO as reward for my contributions to the TricryptoLLAMA and Frax/tBTC/frxETH liquidity pools, CRV pounders interest, and locking CVX. I also received my brides from Votium as CRV.
• 33740 LIQ from Liquis as rewards to the tokens provided to the DCHF/USDC and DOLA/USDC liquidity pool on Ethereum.
• 44323 LIT from Liquis as rewards to the tokens provided to the DCHF/USDC and DOLA/USDC liquidity pool on Ethereum.
• 0.11 ETH from GMX as reward from staking my GMX tokens, from the ETH vault on Umami on Arbitrum and from the TricryptoLLAMA liquidity pools on StakeDAO.
• 6.32 CVX from Convex Finance as reward for my contributions to the Frax/tBTC/frxETH liquidity pools.
• 18.25 LUNA from Terra as staking rewards.
• 8770 IOT from from my Helium access points.
• 4 IMX from Immutable as staking rewards. 
• 1.11 UMAMI from Umami as staking rewards.
• 0.282 ATOM as staking reward from my ATOM.
• 1.60 JUNO from my JUNO staking.
• 0.79 OSMO from Osmosis as staking rewards.
• 0.0049 FXS from Convex Finance as reward to my CVX locking.

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

This month, the annualized interest is 20.98% APR. The average on the last 12 month is still at around 21% APR.

Regarding the interest composition LIQ(30.5%), LIT(23.7%), CRV(38.9%), ETH(5.8%) are the top contributors. The remaining sources are around 1.1%.

Transactions realized

Beginning of the month,

• I claimed my LIQ and LIT rewards from Liquis and Timeless and the SDT, CRV and wstETH from StakeDAO and reinvested everything into FRAX, tBTC and frxETH.
• I removed the funds of the TricryptoLLAMA vault on StakeDAO and converted crvUSD into FRAX and wstETH into frxETH and put everything into Curve for around 40% APY.
• I claimed my cvxPrisma airdrop.

Middle of the month,

• I removed the remaining locked CVX from Convex Finance and converted everything into WBTC.
• I removed my CRV from LLama Airforce Union pounders and converted everything into WBTC.
• I removed my funds from the DCHF/USDC liquidity pool on Liquis and converted them into DOLA/USDC for around 75% APY also on Liquis.
• I also moved part of the funds with the WBTC into the Frax/tBTC/frxETH liquity pools.
• I enrolled the funds I have in Umami into the Arbitrum reward program to benefit from the higher yield. 
• I moved the funds from Curve to Convex Finance as soon as the APY from Convex became higher.

End of the month,

• I claimed my LIQ and LIT rewards from Liquis rewards and converted them into ETH.

Evolution of the portfolio value

• The portfolio finished the month with a gain of $16.5K which is +6.9%.
• The performances of the main components of the portfolio were all very good: WBTC(+9.1%), ETH(+12.9%), GMX(+7.3%).

• The stable coins allocation is now 49.3%. It is a mix DOLA, USDC, and FRAX tokens.
• I updated my portfolio allocation plan again this month, it is now the following:
  • keep the stable coin allocation between 60% and 40% of the portfolio and keep it high enough so that if the non-stable coins come back to their lowest price in the period, the value of the portfolio will still be higher than the value invested. 
  • 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 WBTC/ETH/GMX/IMX/UMAMI. I removed CRV from the list this month based on its price actions. 
    • 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.

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

The portfolio performance is +6.99% this month,  the historical average is now +5.33%.

Things to look forward in December

If I'm fairly happy with the new allocation and the revised list of good coins, it is simpler and should give better performances. I'll probably continue revisiting the list of coins I want to be invested in in 2024.