In This Issue
- My latest portfolio updates.
- Rebecca breaks down this week’s trending coins.
- Matt has a report for you on Elrond
- The team from Oasis Network discusses what makes their privacy-enabled and scalable layer-1 blockchain so unique.
- Jesse has a deep dive for you on Mina Protocol
For any crypto related questions please comment on the website.
For any support related issues please visit the website.
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Buy, Borrow, Swap & Earn Crypto with Celsius
Lark’s Portfolio
My buy order at $37,500 did get filled last week for Bitcoin. My new buy orders are for $35,00 and $31,000. The 31k bid is heavy. I also put some Ethereum buy orders in at $2,500. These orders are “just in case” and if we do see the market flip more bullish will be taken off and moved into altcoins. I also bought some more JOE tokens…
I also wanted to take a moment to discuss the fact that I have been thoroughly smashed on recent entries of ROSE, ACA, and GLMR. All of these are down 25-50%. Ouch, that happened fast. Good thing I am planning on holding these for a while, but overall it was a bad entry on my part. Anyway, I think these are strong coins. So I am adding to my ROSE stack around 17 cents. ACA and GLMR I have plenty of, so not adding to those. I am also buying some more Decimated. The price of this token has been rekt, and it is now trading at only 75% over private sale price. So it is worth increasing my position a bit IMO. The market cap is so low that the upside potential is HUGE and the game isn’t even released yet. That being said it can still crash another 99%. This is crypto after all.
I moved some of my USDT stablecoins into the Spool Finance pools. They are currently running a high APY 90 day rewards program giving nice returns on stablecoins. Attractive place to dump some capital. Although not all of my coins. It is a new protocol so there are of course risks.
Experiment removed from YETI, lost about 10% of my funds due to low liquidity or the YUSD stablecoin. Which is also the risk when using these new stablecoin protocols. Even moving a tiny amount in and out can result in substantial losses for what was supposed to be a low risk stablecoin pool.
I removed my Ethereum from Yearn Finance after having kept it there for quite a while. I have moved some of it into Instadapp for higher rates, and some of it to stETH, staked Ethereum. Instadapp is obvious, the rates are almost twice that of just staking Ethereum, and of course much more than Yearn Finance. However you may be wondering why I chose to just stake my Ethereum using stETH, instead of staying in Yearn Finance or for that matter using something like Rocket Pool’s rETH? First let’s discuss Yearn Finance. Currently the rate is 3.78%, which is just slightly more than the 3.7% stETH is offering. For that extra 0.08% I am exposing myself to hacking risks on Lido, Curve Finance, and Yearn Finance. Moving to just stETH removes most of that risk. But why not choose rETH, a more decentralized option? Well, quite simply the exchange rate is not very good right now. 1 ETH only gets me 0.972 rETH, that is via their staking portal and via Uniswap. Not an awesome deal considering the staking rates are only 0.3% higher at 4% vs Lido’s 3.7%! For these reasons I have…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
