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Portfolio July 2021 Report and Aug Strategy

July is a much calmer start since 1st half of 2021, refining strategy seems to be stable, see the following mindmap:

HODL

Pretty much the same.

GOMT is ending presale on Aug 24th, hopefully i can get some extra moolah to get the 20% bonus

TRU value has been fairly stable since the drop, will not add too much as the eth fees are crazy high again. Will probably add in after the ETH London upgrade which hopefully the fees will drop.

QTF value dropped and remain stable around the $5-6 range. I have faith the the team and Lev team always underpromised but overdelivered, the recent example is their web trading platform. The Quantfurians number is increasing and the volume perday is about 300-500mil.

LOC is still as solid as ever, been trying to market the product through google ads, doesnt seem to work so far with 3 additional affiliates. Will try facebook ads in Aug.

CAS has partner with Polygon but i don't fancy the news too much as the product delivery is spread out in Aug-Nov. Given their track record of overpromise and no delivery, can only stay hopeful and exit when there is FOMO.

Staking

Nothing has changed

DEFI

Took out FISH as i am not comfortable with them, still will move assets over to hyper-compound Matic, invest in Balancer pool, and Adamant Pool for QI pool

Aug Strategy

Exploring Solstreet and Serum, have enrol into Solstreet competition and try out their platform. Impressed with Solstreet and their ecosystem which runs on Solana, using Serum as Dex for Solstreet platform.

Will still lookout to hypercompound Matic when the chance arises

Portfolio June 2021 Report and July Strategy

June is a happening month for me as i was rekt again, total of 3 times since March, May and June, the latest was iron finance. i thought that i can outrun the bank run, instead, i got outrun. On the bright side, it was small amount that i got rekt, good reminder lesson for me -> If it's too good to be true, then it certainly is.

See the following mindmap:

This time around, finalize the asset allocations and include the traditional portion to have a more holistic strategy that caters to the 50/50 strategy. The active and passive part is 50/50% each, and further breakdown into traditional and Cryptos, the percentage is 25/25%. This should be the final form of the portfolio going into the rest of 2021 and beyond.

Removed SAFEX, RUNE and ZIG for HODL and staking, consolidating the HODL to have a more concentrated portfolio.

HODL

New entrants are GOMT and TRU, GOMT is gomeat serives which they are addressing the halal and kosher market. The team already has a revenue-generating business since 2019 and the team is pretty solid, decided to take a leap of faith in the ICO, its my first ICO since 2 years ago and pretty excited about them. You can read more of them at this link.

TRU is a business that targets loan origination for commercial business, and I used to work in loan origination entity and like the TRU model but the tokenomics are a bit weak at the moment but there are proposals to change it.

QTF value dropped a lot since the token release in Bitfinex, i guess it due to folks are moving to much higher yield assets in DEFI space but no doubt Quantfury is a solid entity and just released the web version for trading.

LOC is still as solid as ever, with GOMT joining the HYDRA system and that will add on the network value. The issues i have with HYDRA is the tx value is still expensive than BSC and MATIC, and the TPS is 540. Well, let's see.

CAS has a partnership to be announced on 22 July and i know who that partner is, a bit disappointed at how the AMA is run and how weak the Cashaa dev team is. Since they are hyping abt this so-called big partnership, hope to sell some of the holdings off to fund for TRU and GOMT.

Staking

Nothing has changed except took out RUNE, and ZIG, and added TRU.

DEFI

Got into AAVE late, nevertheless, will move assets over to hyper-compound Matic, invest in Balancer pool, and a small amount for FISH.

Strategy

Will funnel extra moolah from staking to AAVE and from there hyper-compound Matic, invest, stake accordingly, see following funnel map.

DEFI Strategy for AAVE July2021

Treasury

QDT-ETH-WETH every start of the month

HYDRA-USDT-USDC as when MATIC starts to dip or HYDRA is above 40, redeem 16

FillTheMaticBag

  1. When Matic reach R1/R2/R3, borrow USDC, 30%,50%, Max allow
  2. Deposit half into Curve, save half to buy MATIC on S1, S2 on sorbet.finance using limit orders. If Matic drop to S3, withdraw from Curve and buy 100%
  3. Once Matic is bought, deposit Matic into AAVE and repeat step 1.

MATIC hyper compounding through AAVE

Saw this video https://www.youtube.com/watch?v=kDJeWom5As0 and was a few months late but timing was a bit better as the Crypto market crashed in MAY and allow this strategy to be explored.

Decided to follow the video but it's not too straight forward;thus, decided to blog this so I can follow it again.

The general steps are:

  1. Switch ETH to Matic network
  2. Use Quickswap to exchange for  Matic
  3. Deposit to AAVE
  4. Borrow stable coins
  5. Quickswap for Matic
  6. Deposit to Matic
  7. (Optional) Repeat step 4-7 till you are comfortable with the risks, in general 20-30% LTV.

Did a test round and it's successful. The gas in MATIC network is almost negligible, given the high profile stage of this coin, it's good to accumulate this coin while borrowing (loop) in stable coins to add more MATIC and get more WMATIC to be redeposited in the pool.

Plan is to borrow USDC or which stable coins APR is lower during the uptrend of MATIC, and only buy MATIC during the downtrend using USDC. Maintain the LTV at 20-30% in case of a crash.

Let's see how it goes.

Portfolio May 2021 Report and June Strategy

For May, got rekt by the black wednesday on May 19th, need to store ammo and fight for another day. Anyway, the portfolio as attached:

Decided not to pursue Sorare as it takes  some time to research the current players as well as to pay for cards in order to gain higher ranking and better cards.

HODL 

The HODL portfolio is holding well, better than the trading acct though.

Quantfury has been listed on Bitfinex and the price is ard $14 (1st June)

Cashaa has hired a new CMO and planning Defi in end June,  well, let's see.

Safex development suddenly grind to a stop with no more updates from Dan, disappointing.

Zig has launched a buyback programm to burn their max supply by 50%, thats abt 1billion coins burned.

Trading

Got rekt............ need to find moolah

Staking

Locktrip, Hydra, Quantfury has been looking strong, still getting my Hydra airdrops every week and staking rewards on average 4 days.

Zig, is getting 110% APR in pre-staking for April and May.

Shifted some funds to thorchain for staking, will have APR updates next mth.

Summary

Need to get back in the trading game in June since MVRV sort of stabilise and explore more of thorchain.