In This Issue
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- My latest portfolio updates.
- Rebecca breaks down this week’s trending coins.
- Kyle has a report for you on how Web3 is unlocking new business models and tools.
- The team from Avocado Guild.
- Jesse has a deep dive for you on the Render Network.
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.
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Lark’s Portfolio
A real sign of the current bearish market conditions is that rates are currently collapsing across defi and centralized lenders. Earning yield is definitely going to be a bit trickier in this market, but there are still good yield opportunities out there to be earned! That being said, it does require us to keep a keen eye on our farms and lending. For me there does come a point at which it is simply not worth the risks, even if small, of keeping an asset on a lending platform or on a defi farm.
A good example of this is Celsius, where rates have fallen for Bitcoin. It is now 5% for 1 Bitcoin, and 1.5% for any Bitcoin after that. At these rates it is no longer worth the risk of keeping my Bitcoin on Celsius. I will remove all but 1 BTC. Ethereum rates have also fallen, I may move it out and swap it for staked Ethereum, but that is sadly a taxable event. With USDC rates at a mere 7.1% on Celsius I will also consider getting my stablecoins out too and moving them to greener pastures. Wherever that may be. Maybe even back to Anchor since it seems that UST has survived another round of bank run FUD.
In the current market conditions I will be maintaining a strong defensive position in stablecoins. The majority of which are earning yields across various platforms. While I will continue to DCA into Bitcoin, I am playing it safe and either not adding or adding very little altcoins right now.
On that note, the stablecoin farming rates on Platypus Finance are falling, as so frequently happens in new defi protocols. For now I am keeping my funds in. I may move the money out of there and buy more JOE tokens to get the lucrative USDC rewards.
I bought some more Bitcoin. Surprise!
I bought some JOE tokens and staked them for the USDC rewards.
I reduced my position in Gensokishi by 30%. It is heavily in profit, and feels too big for such uncertain market conditions. I would rather have more cash. I remain bullish on the future of this game.
I am selling my RAMP with sell orders in at $0.095 (with some sold already at $0.075), it has been a good run, and this coin has made me A LOT of money, but it is time to say goodbye. Ramp has been largely failing to have its rUSD stablecoin hold a peg, often trading in the lower 90 range. Which is exactly NOT what you want for a stablecoin that is supposed to be worth one dollar….
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.
