In This Issue
My latest portfolio updates.
Rebecca breaks down this week’s trending coins.
Matt has a report for you on the Near Protocol ecosystem.
The team from Guildfi, a gaming guild coin which is tapping into the power of play to earn gaming joins us to discuss what makes them stand out in a sea of guilds.
Jesse has a deep dive for you on Ethereum layer two scaling protocol Metis.
DOWNLOAD THIS ISSUE AS A PDF HERE
A quick reminder that all research and market analysis is provided for educational and informational purposes, and should not be considered as financial advice. You are ultimately responsible for your investments and trades, and they should only ever be entered by those who understand the risks, are willing to lose their entire investment, and properly understand how to manage their risk.Also, every issue will contain more information, tips, hints, and analysis than you can make use of. It is up to you to decide what information shared here has value to you or not.
For any crypto related questions please comment on the website.
For any support related issues please visit the website
Lark’s Portfolio
I have bought more Trader Joe tokens and staked them. I am still actively farming them as well. JOE corrected very hard during the market sell off, and they have just announced a range of new functionality for the JOE token which in my opinion make it an attractive hold. You can read more here. BTW I finally have bought and farmed enough that it makes sense to add it to my portfolio as it is above the 0.1% threshold.
I bought some more Bitcoin, although not crazy amounts, but just some nice nibbles. Same with Ethereum.
I also bought some more Looks tokens, the ETH staking rewards are just too good. But to be clear this is a rather high risk move right now. APYs and the token price can fall very quickly. Be aware of that reality.
I received my private sale vesting tokens for Injective and have put in a sell order for half of them at $16 and I will hold onto the other half for the future. I also received Efinity private sale tokens and I am holding them. I also added on my Decimated game coins after receiving them from the private sale.
I staked the Acala tokens that I received from my crowdloan. However this has not been reflected in my portfolio as it falls under the 0.1% threshold.
I have exited about 66% of my funds from Anchor for now. Three reasons. One, to seek higher APYs elsewhere. Two, I will move some money into the “real world” to buy stocks. Three, it is not certain whether Anchor can maintain these high rates moving forward, the falling reserves make this likely unless Do Kwon steps in with a few hundred million to back it. If the rates fall too much there could be a rush for the exit door which could affect the peg of UST. How likely is any of this? I don’t know, but I have enough in Anchor that I am not interested in running that experiment on that much of my money even if the chance is very slim of it happening. Now you may be thinking, but Lark, you bought insurance for Anchor, so why worry? Well, the insurance only covers smart contract risks, not a possible depegging of UST.
I have also exited the MIMUST pools on Convex Finance. The reason being that all of the drama about Wonderland has left me feeling like I don’t want to be in any MIM…
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.
