In This Issue
My latest portfolio updates.
Rebecca breaks down this week’s trending coins.
Matt has a report for you on the Harmony ecosystem.
The team from xDefi, a buzzy new wallet provider join us to discuss how they are planning on breaking into the highly competitive wallet market.
Jesse has a deep dive for you on Qredo, a crypto custodian service.
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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.
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Lark’s Portfolio
Those Bitcoin and Ethereum purchases from last week are feeling pretty good right now. 😉
I did also buy a little bit more BTC this week.
I have exited my MC ETH farm. Total impermanent loss was around 12 Ethereum… ouch… silver lining is that I should get a tax discount since the value of the tokens when I entered the pool was much higher than when I exited. Now I must wait to see if this was all worth it when my farming rewards unlock in a year.
I was thinking of adding more to my Illuvium farming position but they have closed the staking portal while upgrading to V2.
Kylin has now fallen below the 0.1% threshold to be included in the portfolio. So it has been removed. Still holding it for some reason… maybe one day it will moon…
BTW I did buy some more stocks from the money I took out of crypto stablecoins. Not anything new, just more of my existing positions in REITs, big tech, renewables, and EVs.
In general I am not rushing into anything right now. As you can see my altcoin bags are well packed. Although I am making some considerations about moving my Bitcoin out of Convex Finance as the rates have fallen a lot. Below are some of the best rates for Bitcoin lending and defi that I could find. Without taking any degen risks. Haven’t decided on which one I will take yet, so stay tuned next week for an update.
Bitcoin Rates
Decentralized Finance *** As always smart contract risks are an ever present danger which could result in a total loss of funds.
The rates for lending out Bitcoin across the market have generally not been awesome for a while now. BUT there are still some places where you can get some good rates.
Yearn Finance around 13% for Wrapped Bitcoin if you use the Fantom Network version of Yearn Finance.
Beefy Finance on Polygon is offering almost 9% for providing liquidity to the renBTC/WBTC pair.
Bancor on Ethereum is paying a little over 5% on Wrapped Bitcoin.
Centralized Lenders *** These generally offer lower rates, but you can deposit real Bitcoin, not wrapped varieties.
Celsius is still giving 6.2% on Bitcoin, BUT only for the first 0.25 BTC. 3% for any BTC beyond that.
Nexo is offering 4%, including higher earning potential if you…
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.
