Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 55 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 September 2024.

Crypto interests

The portfolio earnings reached $3308 this month, that's a 0.21% 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:

• 217.3041- EIGEN as airdrop from EigenLayer
• 1263 ARB from Merkl, Aura Finance and GMX as reward for my contributions to the FRAX/sFRAX, wstETH/WETH and tBTC liquidity pools.
• 448 USDC/GHO from ACI and Merkl as reward for staking some GHO and contributing to the WBTC/cbBTC liquidity pools.
• 204 CAKE from PancakeSwap Finance as reward for my contribution to the pxETH/ETH, WBTC/cbBTC and WETH/wstETH liquidity pools.
• 0.00346289 WBTC/tBTC from Merkl and GMX as reward from my contribution to the tBTC/WETH and tBTC liquidity pools.
• 30 UNI from Merkl as reward for my contribution to the USDT/USDC liquidity pool on Mantle.
• 8823.9646 T from Curve Finance as reward for my contribution to the stBTC/tBTC liquidity pool on Ethereum.
• 0.7338 AAVE from Aave as reward for staking some AAVE and GHO.
• 0.0174 ETH from GMX as staking reward for my GMX tokens.
• 63 BAL from Aura Finance as reward for my contributions to the wstETH/WETH, wstETH/InstETH and FRAX/sFRAX liquidity pools.
• 20.3551 OP from Aura Finance as reward for my contributions to the wstETH/InstETH liquidity pool.
• 261.2017 VELO from Velodrome Finance as reward for my contributions to the WBTC/tBTC liquidity pool.
• 9.99 JTO from Kamino Finance as reward for my contributions to the JitoSOL/SOL liquity pool on Solana.
• 82.1688 CRV from Convex Finance as reward for my contribution to the EBTC/tBTC liquidity pool on Ethereum.
• 6.8753 BADGER from Convex Finance as reward for my contribution to the EBTC/tBTC liquidity pool on Ethereum.
• 575.2031 BSX from Merkl as reward for my contribution to the WETH/cbBTC liquidity pool on Base.
• 45.3391 AURA from Aura Finance as reward for my contributions to the wstETH/WETH, wstETH/InstETH and FRAX/sFRAX liquidity pools.
• 8460 IOT from from my Helium access points.
• 0.05 GNO from my GnosisPay Visa debit card cashback.
• 6.98 LUNA from staking LUNA.
• 0.83 IMX from Immutable as staking rewards. 
• 0.22 ATOM as staking reward from my ATOM.
• 0.2108 CVX from Convex Finance as reward for my contribution to the EBTC/tBTC liquidity pool on Ethereum.
• 0.55 OSMO from Osmosis as staking rewards.
• 1.74 JUNO from staking JUNO.

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

This month, the annualized interest is 12.8% APR. The average on the last 12 month is now at 17% APR.

Regarding the interest composition, this month the sources are very diverse and the EIGEN airdrop was here to save the month: EIGEN(24.1%), ARB(21%), GHO/USDC(13.7%), CAKE(11.6%), UNI(6.5%), tBTC(6.4%)and T(6.1%)are the top contributors. The remaining sources are around 10.6%.

Transactions realized

As GnosisPay started their cashback program, I did the following to fund my card and ensure my cashback:

• I swapped my COW tokens and remaining CRV, UNI, BADGER for GNO tokens and moved them in the safe wallet associated to my GnosisPay VISA debit card to get up to 5% APY cashback on my spendings.
• I swapped my Bonsai tokens and remaining CRV, AURA and USDT for USDC on Arbitrum and moved everything on Gnosis. Then I purchased MPS tokens. The goal of these tokens, which are Mt-Pelerin Shares, are to get free on-ramp fees with Mt-Pelerin.
• Then I did two deposits of CHF directly from my bank account directly to xDAI on Gnosis to fund the GnosisPay debit card.
• I put around 2000 EURE in the safe of the card and put the remaining in the xDAI/EURE liquidity pool on Beefy for around 18% APY.
• Finally I started spending some crypto.

Now, back to my usual transactions, beginning of the month,

• I removed the WBTC/tBTC liquidity I had invested in Merkl on Arbitrum as the rewards stopped. I moved it on Velodrome Finance on Optimism.
• I removed the wstETH/WETH liquidity I had invested in Aura on Arbitrum as the rewards decreased. I moved the token to PancakeSwap Finance on Ethereum and zkSync.
• I moved the WBTC/tBTC from Velodrome Finance on Optimism to GMX on Arbitrum as the rewards stopped.
• I moved the FRAX/sFRAX from Aura Finance to USDC/USDe on Merkl on Arbitrum for around 20% APY.

Middle of the month,

• I moved the ETH/pxETH liquidity from PancakeSwap Finance to rsETH/WETH on JonesDAO for more than 30% APY.
• I moved the SolvBTC/WBTC liquidity from Merkl on Arbitrum to EBTC/eBTC on Convex Finance for more than 15% APY.

End of the month,

• I moved the ETH/wstETH liquidity from PancakeSwap Finance on zkSync Era to wstETH/InstETH on Aura Finance on Optimismc for around 15%.
• I moved the WETH/tBTC liquidity from Merkl on Arbitrum to cbBTC/WETH on Merkl on Base for around 35%. I invested the remaining WETH into estETH/frxETH liquidity pool from Beefy on Base for around 12%.
• I moved the WBTC from GMX on Arbitrum to tBTC on GMX for better APY.
• I claimed and restaked my AAVE rewards.
• I moved the stBTC/tBTC liquidity from Curve Finance and the eBTC/tBTC from Convex Finance to WBTC/cbBTC on PancakeSwap Finance on Ethereum for 15 APY.
• I claimed my season 2 EIGEN airdrop.
• I claimed and restaked my GHO rewards on ACI.

Evolution of the portfolio value

• The portfolio finished the month with a gain of $11.5K which is +4.05%.
• The performances of the main components of the portfolio were mostly positives: WBTC(+6.13%), ETH(+0.89%), GMX(-10.17%), SOL(+12.75%) and AAVE(+20.49%).

• The stable coins allocation is now 21.7%. It is a mix of GHO/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.

The portfolio performance is +4.05% this month, the historical monthly average is now +4.8%.

Things to look forward in October

September was a finally better than expected, and I'm enjoying my new GnosisPay debit card. I plan to progressively reduce the amount of my invested capital by using crypto rewards to pay for my monthly spendings while earning cashback. Regarding the position, AAVE seems very strong and I'll increase it while GMX seems to become weaker, and I'll probably revisit it in October.