Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 56 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 October 2024.

Crypto interests

The portfolio earnings reached $1994 this month, that's a 39% 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:

• 449 USDC/GHO from ACI, Merkl and Curve Finance as reward for staking some GHO, contributing to the WBTC/cbBTC and sDAI/sUSDe liquidity pools.
• 324.5995 AERO from Aerodrome Finance as reward for contributing to the WETH/msETH and tBTC/cbBTC liquidity pools on Base.
• 1781 ZK from Merkl as reward for contributing to the WETH/wrsETH liquidity pools on zkSync.
• 386.1228 ARB from GMX as reward for contributing tBTC to the liquidity pool on Arbitrum.
• 16.7597 APT from Meso Finance as reward for contributing WBTC to the lending pool on Aptos.
• 0.0472 ETH from GMX as staking reward for my GMX tokens on Arbitrum and from Curve Finance as reward for contributing EURe/xDAI/USDC/USDT liquidity pool on Gnosis.
• 0.0015 WBTC/tBTC from GMX as reward from my contribution to the tBTC and WBTC liquidity pools.
• 0.6177 AAVE from Aave as reward for staking some AAVE and GHO.
• 0.3249883009 GNO from my GnosisPay Visa debit card cashback.
• 32.4725 CAKE from PancakeSwap Finance as reward for my contribution to the pxETH/ETH, WBTC/cbBTC and WETH/wstETH liquidity pools.
• 185.933 CRV from Curve Finance as reward for contributing to the cbBTC/WBTC liquidity pool on Ethereum.
• 11.19 JTO from Kamino Finance as reward for my contributions to the JitoSOL/SOL liquity pool on Solana.
• 671.0758 BSX from Merkl as reward for my contribution to the WETH/cbBTC liquidity pool on Base.
• 11.4877 OP from Aura Finance as reward for my contributions to the wstETH/InstETH liquidity pool.
• 6.1935 EIGEN from KelpDAO as airdrop.
• 8.1437 BAL from Aura Finance as reward for my contributions to the wstETH/wrsETH and wstETH/InstETH liquidity pools.
• 9400 IOT from my Helium access points.
• 0.4728 UNI from Merkl as reward for my contribution to the USDT/USDC liquidity pool on Mantle.
• 0.2253 ATOM as staking reward.
• 11.3462 VELO from Velodrome Finance as reward for my contributions to the cbETH/ETH liquidity pool.
• 2.8278 AURA from Aura Finance as reward for my contributions to the wstETH/InstETH liquidity pool.
• 1.17 LUNA as staking rewards.
• 0.6096 OSMO from Osmosis as staking rewards.
• 2.0418 JUNO as staking rewards.

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

This month, the annualized interest is 7.2% APR. The average on the last 12 month is now at 16.2% APR.

Regarding the interest composition, this month the sources are very diverse and the EIGEN airdrop was here to save the month: GHO/USDC(22.7%), AERO(18.6%), ZK(11.5%), ARB(10.2%), APT(7.5%), ETH(6%) and WBTC(5.3%) are the top contributors. The remaining sources are around 18.2%.

Transactions realized

Beginning of the month,

• I removed the USDC/USDT liquidity I had invested in Merkl on Mantle as the rewards stopped. I had to wait for one week to get my founds back on Ethereum without fees. I then moved the funds in sDAI/sUSDe liquidity pool on Curve Finance. What is interesting in this liquidity pool is that there is no temporary rewards, the interest are around 12% APY by just the fees of the liquidity pools and the interests on sDAI and sUSDe.   
• I moved funds on Aura Finance from InstETH/wstETH to the wstETH/wrsETH liquidity pools on Optimism to optimize interest rate.
• I removed my sDAI/EURe funds from Beefy and moved them into the EURe/WXDAI/USDC/USDT liquidity pools on Curve Finance for around 12% APY in ETH.
• I removed my WETH/cbBTC liquidity I had invested in Merkl on Base as the rewards stopped. I moved half of it into msETH/WETH on Aerodrome Finance on Base for around 15% APY. I moved the rest and some swapped rewards into WBTC/SolvBTC on PancakeSwap Finance on Arbitrum for around 20% APY.
• I removed WBTC/cbBTC funds from PancakeSwap Finance on Ethereum and lent it all on Aptos in Meso Finance. I don't usually like lending funds in lending protocol because of bad past experiences, but here it was clear that nobody is actually using the protocol to borrow WBTC, so it was a free 12% APY for a while. 

Middle of the month,

• I removed my ETH/wstETH from PancakeSwap Finance on zkSync as the rewards decreased and moved it into wrsETH/WETH on Merkl for around 15% APY.
• I removed my pxETH/WETH from PancakeSwap Finance on Ethereum as the rewards decreased and moved it into wrsETH/WETH on Merkl on zkSync for around 15% APY.
• I removed the WBTC/SolvBTC from PancakeSwap Finance on Arbitrum and the tBTC from GMX as the rewards decreased, then I moved the funds on Base in the tBTC/cbBTC on Aerodrome for around 10% APY.

End of the month,

• I removed the wstETH/wrsETH liquidity from Aura Finance on Optimism and moved it into the cbETH/WETH on Velodrome Finance for better rewards.
• I removed the WBTC from Meso Finance as the nice APT reward decreased and moved it back to ETH into the cbBTC/WBTC on Curve Finance on Ethereum. It lasted a couple of days, then I moved the funds in Merkl for better rewards.
• I sold my CRO tokens for EURe to topup my GnosisPay debit card on Gnosis.
• I claimed my GHO rewards on ACI.
• I removed the cbETH/WETH on Velodrome Finance and moved it into WETH/wstETH on Beefy on Scroll for around 40% APY.

Evolution of the portfolio value

• The portfolio finished the month with a gain of $23.4K which is +7.59%.
• The performances of the main components of the portfolio were mostly positives: WBTC(+14.19%), ETH(+2.54%), GMX(-2.35%), SOL(+14.52%) and AAVE(-2.67%).

• The stable coins allocation is now 20.6%. It is a mix of GHO/DAI/USDC/USDT/USDe/EURe.
• 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. This month the value invested decreased from $1.7K which is my monthly spending with my GnosisPay visa card.

The portfolio performance is +7.59% this month, the historical monthly average is now +4.83%.

Things to look forward in November

November could see a nice pump if US elections go in favor of crypto. I don't plan to change much of my allocation and plans even if I might decrease GMX and increase SOL but nothing is decided yet. What is sure is that I'll continue playing with my GnosisPay debit card to progressively reduce the amount of my invested crypto capital.