Portfolio September update - $6457 of passive crypto income

Portfolio September update - $6457 of passive crypto income

By XawPublish | My token portfolio | 3 Oct 2021

Welcome to the monthly review of my token portfolio, I started tracking this portfolio now 19 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 2021.

Crypto interests

The portfolio earnings reached $6457 this month, that's a 31% decrease from the previous month. The following tokens (including any kind of staking or interest rewards, browsing interest, Publish0x payments, and any kind of promo code or referee bonus) contributed to the earnings:

  • 115.99 ADDY from Adamant Finance as reward to my participation to the MAI/USDC, DAI/MAI, renBTC/WBTC, WETH/CEL, ADDY/WETH, MATIC/ETH and SOL/WMATIC liquidity pools.
  • 1689.63 USDC from the Sunny Aggregator on the Solana blockchain as rewards to my WBTC, SOL and USDC liquidity pools. I preferred to claim and sell the SBR and SUNNY tokens everyday for USDC and reinvest them in the USDC liquidity pool. 
  • 235 MATIC from Adamant Finance as ADDY staking dividends and from Curve as static rewards.
  • 19.35 CHESS from Tranchess as interest on my BTCB.
  • 0.78 SUSHI from Sushiswap as staking reward for my SUSHI tokens.
  • 36.99 CVX from Convex Finance as interest on my cvxCRV, rETH, LINK,EURS and EURT liquidity pools
  • 150.755 CRV from Convex Finance and as reward to my participation to the rETH, LINK, EURS and EURT liquidity pools, and from Curve as reward from my participation to the DAI/USDT/USDC liquidity pool.
  • 347.69 FIS from Convex Finance as reward to my participation on my rETH liquidity pools
  • 57.196 CEL from Celsius Network as interest on my CEL, 0x and UNI tokens
  • 123.84 CHSB from SwissBorg as interest on the Smart Yield account for CHSB tokens
  • 1991.02 MINE from Pylon
  • 194.62 UST/3Crv from Anchor/Convex Finance
  • 57.01 EPS from Convex Finance as Airdrop from Ellipsis platform.
  • 17.21 ADA from Binance as locked staking reward on my ADA tokens.
  • 2.40 SNX from Celsius Network as interest on my SNX
  • 0.02 AUTO from Autofarm as interest on my BNB
  • 0.72 DOT from Celsius Network as interest on my DOT
  • 0.03 FARM from Harvest Finance as staking reward for my FARM tokens.
  • 1.19 BAT from Brave from ads.
  • 0.007 DASH from Binance as locked staking reward on my DASH tokens
  • 7.78 AUDIO from Audius
  • 0.87 SOL from Beefy Finance after selling the DELIRIUM tokens received every day from my DAI/USDT/USDC liquidity pool
  • 71.73 OSMO from Osmosis as rewards from my share of the ATOM/OSMO liquidity pools on the COSMOS blockchain.

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

Interest history - September 2021

Regarding the interest composition, USDC(28.5%), ADDY(23.2%), FIS (8.1%), CRV(6.5%), MINE(6.4%), OSMO(6.2%), CVX(5.1%) and finally MATIC(4.6%) are the top contributors with an interest higher than 4%. The remaining 16 sources are only around 11.4%. The drop of interest this month was mainly due to the price of ADDY being divided by 3 between the beginning and the end of September. I consequently decided to move my assets away from Adamant Finance and you'll see that in the transaction section.

Interest composition - September 2021

Transactions realized

At the beginning of the month,

  • I swapped 145.6 ADDY tokens that got unlocked into WBTC and renBTC and added them to the renBTC/WBTC liquidity pools on Adamant Finance.  
  • As the MAI/USDC yield was decreasing on Adamant Finance, I converted my USDC into DAI and contributed to the DAI/MAI liquidity pool still on Adamant Finance for around 40% at that time.

Middle of the month,

  • I sold my TFUEL token on Binance and converted them into SOL and moved them on Solana. The reason is that I was disappointed by the TFUEL price for some time and the interest received from running an Edge none was almost nothing. In addition the Solana ecosystem is promising.  
  • As the yield on the WBTC from Adamant Finance was dropping, and simultaneously the yield on Sunny Aggregator were announced at around 100% APY, I decided to move my WBTC to Solana. So, the simplest solution I found was to convert my WBTC (and some ADDY) to renBTC on Polygon, then to use renBridge to get back real BTC and renBridge again to finally get renBTC on Solana.
  • Additionally, I removed and converted tokens I had from the WMATIC/ETH liquidity pool on Adamant Finance and added remaining WMATIC and ADDY rewards to send around 1943 USDC to Solana.
  • I removed my tokens from the ETH/CEL liquidity pool on Adamant Finance as the yield was lower than 10%. I converted the 2012 CEL into MATIC, send them to Binance, converted them into ATOM and sent them to my new Keplr wallet. There I moved the token to the OSMOSIS blockchain, converted half the tokens into OSMO and added them both to the ATOM/OSMO liquidity pool for 180% APY on Osmosis. I moved the 3.18 ETH to Autofarm for 6.5% APY.

End of the month,

  • As the yield were dropping again on Adamant Finance, I moved my stable coins out of the DAI/MAI liquidity pool to instead put them in the DAI/USDT/USDC boosted liquidity pool on Beefy Finance for 40% APY. This lasted 5 days until the yield were lower than 13 % and I decided to stake the tokens directly in Curve to receive MATIC and CRV for 16% APY.
  • As the part of the stable coin allocation was reaching 22%, I reinvested all the USDC that were in Solana into the renBTC/WBTC liquidity pool on Sunny Aggregator for around 30% APY. 

Evolution of the portfolio value

  • The portfolio finished the month with a loss of $54K which is -7.5%. The performance could have been way lower as the portfolio was loosing around $110K a few days before the end of the month.
  • If we look at the performance of the main components of the portfolio, the portfolio did worth than BTC (-1.3%) and CEL(+3.5%) but better than CHSB(-13.1%) and ETH (-12.8%).
  • The stable coin parts of the portfolio reached 19.6% after the rebalancing . 

Porfolio evolution - September 2021

  • The stable coin allocation is now 19.6% which is inline with my 15-20% target range.
  • The ETH/BTC allocation is around 48.7%, still in the 40-50% target range
  • CEL/CHSB is still at around 21.4% which is still OK. I sold around $40K of CEL this month to introduce more ATOM/OSMO. I did this move to diversify a bit the portfolio to the alternative COSMOS blockchain which seems to build some momentum with Crypto.com and Terra soon connected.  

Portfolio allocation - September 2021

Regarding the evolution of the portfolio value vs the capital invested, the portfolio managed to keep its margin compared to the value invested.

Capital invested vs portfolio value - September 2021

The portfolio performance of -7.5% of this month is a lot lower than the average monthly performance of 14%.

Performance history - September 2021


Things to look forward to in October

In October, I'm looking forward to the evolution of the Terra ecosystem with the release of the Columbus-5 update last week, I'm planning to use part of the stable coin I have there on some of the new projects that should be released. I was very surprised by the announced of Celsius Network to weekly burn part of the CEL they are purchasing to pay the interest, that should really help with the disappointed performance of the token since a few months.

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My token portfolio
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