Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 43 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 2023.

Crypto interests

The portfolio earnings reached $3820this month, that's a 62% 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:

• 2454 CRV from Convex Finance, Lama Airforce and StakeDAO as reward from my contributions to the DCHF/3crv and TricryptoLLAMA liquidity pools, CRV pounders interest, and locking CVX. I also received my brides from Votium as CRV.
• 1051 USDC from the following Beefy vaults: wUSDR/USDC on Base and USDR/USDT on Polygon.
• 12607 LIQ from Liquis as rewards to the tokens provided to the DCHF/USDC liquidity pool on Ethereum.
• 18426 LIT from Liquis as rewards to the tokens provided to the DCHF/USDC liquidity pool on Ethereum.
• 3812 VELO from Velodrome Finance as rewards to the tokens provided to the WETH/tBTC liquidity pool on Optimum.
• 0.02 ETH from GMX as reward from staking my GMX tokens and from the ETH vault on Umami on Arbitrum.
• 3.01 CVX from Convex Finance as reward to my as reward from my contributions to the DCHF/3crv .
• 19 LUNA from Terra as staking rewards.
• 14118 IOT from from my Helium access points.
• 0.2801 ATOM as staking reward from my ATOM.
• 0.3119 UMAMI from Umami as staking rewards.
• 0.23 FXS from Convex Finance as reward to my CVX locking.
• 2.98 JUNO from my JUNO staking.
• 0.60 OSMO from Osmosis as staking rewards.

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

This month, the interest increased to 19.4% APR. The average on the last 12 month is still at around 21% APR.

Regarding the interest composition CRV(33.7%), USDC(27.6%), LIQ(21.6%) and LIT(10.8%) are the top contributors. The remaining sources are around 6.3%.

Transactions realized

Beginning of the month,

• I removed all my CRV and FXS tokens from Lama Airforce and converted everything into ETH. I'm not considering both tokens as "good" anymore, it means that I don't plan to keep being invested in them for the long term even if I still like both projects a lot. 
• I moved the tokens I had in StakeDAO TricryptoLLAMA vault to the Curve Tricrypto vault on Base for around 40% APY.
• I moved stable coins I had in the agEUR/USDC liquidity pools on polygon to the USDR/USDT liquidity pools on Beefy.
• I moved liquidity I had on Convex Finance in the DCHF/USDC liquidity pool to the 4poolUSD pool on Base on Curve for around 40% APY. The reason was that the APY on Convex decreased a lot.  
• I moved DCHF/USDC liquidity from Timeless to Liquis as the APY was just better.

Middle of the month,

• I claimed all the rewards on Convex Finance and converted everything into ETH.
• I retrieved my Aura tokens from Jones DAO and converted everything into ETH.
• I compounded my Curve CRV rewards on Base into the Tricrypto vault.
• As the APY of the Curve 4poolUSD pool on Base had already decreased a lot, I moved the funds into the wUSDR/USDC vault on Beefy.
• Similarly, as the APY of the Curve Tricrypto vault on Base decreased quickly, I moved the ETH and tBTC to a liquidity pool on Velodrome Finance on Optimum and the USDC into the Liquis DCHF/USDC vault on Ethereum. 

End of the month,

• I claimed my LIQ and LIT reward from Liquis and Timeless and converted everything into ETH.
• I claimed my VELO from Velodrome Finance and compounded everything into the tBTC/WETH on Optimum for around 10% APY.
• I moved most of my remaining ETH on Ethereum into a WBTC/WETH liquidity pool on Polygon for 14% APY.

Evolution of the portfolio value

• The portfolio finished the month with a gain of $8.8K which is +3.91%.
• The performances of the main components of the portfolio were all god: FXS(+4%), ETH(+6.3%), WBTC(+8.35%), CVX(+18%), CRV(+22%), GMX(+26%).

• The stable coins allocation is now 65.8%. I don't detail my stable coin allocation, but it's basically a mix of DCHF, USDC, USDT, USDR tokens.
• My portfolio allocation plan is the following:
  • keep the stable coin allocation between 60% and 40% of the portfolio or at the invested capital amount if higher
  • 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 GMX/CVX/UMAMI/IMX. I removed CRV and Aura from the list this month based on their previous month 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.

The portfolio value regained a bit this month compared to the capital invested + earnings received.

The portfolio performance is +3.9% this month,  the historical average is now +4.25%.

Things to look forward in October

If I'm fairly happy with the new allocation, I'm planning to monitor it in October and potentially revisit again my list of "good" coins.