In This Issue
- My latest portfolio updates.
- Rebecca breaks down this week’s trending coins.
- Erik has a report for you on how to survive a bear market.
- The team from Acala discusses their DeFi network on Polkadot.
- Jesse has a deep dive for you on Gala Games.
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Lark’s Portfolio
Monkey League opened up staking so I took my MBS tokens and staked them.
Early stakers get higher rewards.
IF the game ever takes off then hopefully it will be worth it. Let’s see if it can lose another 99% while I stake 😬
I exited my liquidity position for JOE/AVAX that I had sitting in Yield Yak. The rewards were nice, but I wanted to exit for two reasons.
One is that I will get a nice tax write off since the price of both assets is well below the prices I paid when I entered the liquidity pool.
And two is that I want to put the JOE into the staking contract to earn USDC rewards, and I also want to hold spot AVAX.
So I have added the AVAX from this pool to my portfolio.
I may start adding a little AVAX to my portfolio.
My 6 month VPAD stake finished and I unstaked and sold my tokens.
The bonus tokens were nice, but selling immediately on reception of tokens would have been far more profitable.
Still made money on this though, so can’t complain too much.
I sold my TOKE for a loss. I know, I know, Lark selling another token for a loss as we go into the bear market.
Real smart.
I once had high hopes for TOKE. The idea was solid. There was good hype in the early days. Liquidity flowed in. Things were happening.
Sadly it now has all the hallmarks of a coin that is just not going to make it.
Social media is dying, liquidity for the token is cratering, and the platform has failed to keep liquidity on the platform which is kind of the point of the entire protocol.
I fear this one may not be a bear market survivor.
I bought a little more Bitcoin. Weekly stacking.
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Top Trending Coins This Week By Rebecca
Here are my key takeaways from the trends this week, and there’s been some interesting developments in the crypto market.
1 – Evmos is an EVM on the Cosmos network that’s launched the V5 update on the testnet, soon to go live on the mainnet. Saddle Finance has also announced the end of the lock period for its SDL token which is available on Evmos.
2 – AssetMantle is an NFT marketplace built on Cosmos’ Tendermint that’s launched the Mantleplace Devnet.
3 – The Sandbox is a blockchain-based gaming company that’s partnered with TIME magazine to build a virtual version of New York’s Times Square in the metaverse. There’s also speculation of a takeover after the formation of the Metaverse Standards Forum.
4 – Celsius Network (CEL) is a lending platform that’s enlisted more advisors to help with a potential bankruptcy. Goldman Sachs are reportedly interested in raising $2B to buy up Celsius Network’s assets.
5 – Solana is an L1 blockchain that’s announced the development of a decentralized smartphone called “Saga” with plans to…
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.
