Twitter | Starter Pack | Reddit | YouTube | Patreon | Website | Earn $250 in Promos
Disclaimer: Nothing in this report constitutes investment advice—I am just reporting on my accounts and its progress on each platform. You should not use this report to make financial decisions. I recommend you seek professional advice from someone who is authorized to provide investment advice.
Hey everyone and welcome to the HODLer’s Den!
Here you will find information on my crypto investment portfolio straight from a HODLer’s perspective. This section will focus on HODLing cryptos and interest-earning platforms.
Bitrue
Yield Farming Hub Launches January 10th
The Yield Farming Hub is a way for users to utilize their Bitrue Coin (BTR) to generate profits in a format similar to DeFi staking pools.
According to Bitrue, “you'll be able to stake coins and BTR over a variety of time periods in order to receive average APRs of around 50% or more, and up to 200% for the most lucrative.”
Unlike DeFi investments, Bitrue claims there will be no risk of impermanent loss of your staked assets when using the Yield Farming Hub because the rewards are coming directly from the project parties.
Yield Farming Hub Benefits
Bitrue explains why the Yield Farming Hub is a win-win for all interested parties and why it will help increase the value of BTR.
What value does the Yield Farming Hub bring to users?
It hopes to secure users’ financial future by establishing long term consistent income streams.
The Bitrue team is aiming to make the average APY available in this hub around 50%, with some opportunities able to reach highs of 200% (at launch we will have a pool open at 150%).
Furthermore there is no risk of impermanent loss of funds, which can have a negative impact on your investments.
What value does the Yield Farming Hub bring to our partners?
Many project teams have shown positive responses to the possibility of being included in the Yield Farming Hub because it will help them find ways to lock up a chunk of the circulating supply of their coins.
This leads to lower sell pressure and higher prices for their coins over time.
What value does the Yield Farming Hub bring to Bitrue?
It will allow Bitrue to forge deeper partnerships with projects which should bring in new users to Bitrue who are seeking high returns safely on their crypto assets.
By monitoring the Yield Farming Hub data, Bitrue can provide more pools that fulfill the needs of users.
The Yield Farming Hub will work in tandem with Power Piggy, BTR Lockups, and BTR Vote which should allow users to select an investment strategy that works for them.
Terra Addresses Are Changing At Bitrue
Starting on January 6th 2022 06:00 UTC and lasting for approximately 2 hours, we will be performing an upgrade to our Terra wallet. As a result of this upgrade, all wallet addresses for coins on the Terra network will be changing at Bitrue.
The affected coins are:
LUNA Luna
UST TerraUSD
ANC Anchor Protocol
MINE Pylon Protocol
ORION Orion Money
STT Star TerraIf you have previously saved or whitelisted the deposit address for any of these coins on any third party platforms then please ensure that you update your records at the appropriate time. Any coins sent to old wallet addresses will be lost and cannot be retrieved.
Alteration to Power Piggy Cap Opening Times
Please note that the time for Power Piggy caps to open will be changing from 16:00 UTC daily to 06:00 UTC.
The daily rewards will still be going out starting at 16:00 UTC every day. This will go into effect starting December 16 2021.
If you do not own any BTR, you can use the Power Piggy community cap to deposit your assets and earn interest.
Interest Earned
In the last 4 weeks my Power Piggy portfolio lost about 3000 USD—a 11% decrease in value. You can use this Google Spreadsheet to track my earnings on the four major platforms I use.
Below is my earnings from Bitrue’s Lockup. So far, I have accumulated 45,000 USD in interest. In the last 4 weeks, this portfolio dropped about 3000 USD resulting in a 6% decrease in my interest gained. Since BTC and ETH make up a large portion of my lockup portfolio, the dip has taken a toll on my portfolio. BTC is at 40.8k USD and ETH is at 3027 USD while BTR is at 0.41 USD.
You can use the Interest Rate Tracker to find the best APR rates across several platforms to fit your HODLing needs.
Conclusion & Prospect
The last couple of weeks have been rough, but almost all markets, crypto and stock, have taken a huge correction. If you are new to crypto, I understand your pain seeing the red numbers grow larger and larger. However, if you have been in crypto for quite some time this should not phase you any longer.
This time around I was prepared for the pull back by having funds set aside to buy the dip. Every time my portfolio drops by a certain percent, I will pick up additional BTC and ETH. These two assets are long term investments so I have no worries about adding more to my portfolio.
I am excited for Bitrue’s Yield Farming Hub and I cannot wait to experiment with it. I am even more excited because the price of BTR surged upon the announcement. If the Yield Farming Hub is able to perform as stated without impermanent loss and high APR, I think BTR has the potential to break 1 USD.
Just like other CeFi platforms, the interest rates in Power Piggy have dropped significantly over the last couple of months. Like I mentioned in my last report, I believe most CeFi lending platforms are reaching a plateau on what they can offer because DeFi is dominating in terms of higher APRs and faster transactions. At this point the only possible things CeFi can offer are insurance and security on deposited assets.
The good news is that CeFi platforms are already hybridizing with DeFi so they can provide a good medium of both.
As a HODLer, I am happy to continue earning passive income despite the current market conditions. The earnings I make now during the “bear” market will blossom nicely during a bull market. Be patient and look at the big picture.
Each week I will report on a different interest-earning platform that I use—mainly, Celsius Network, Bitrue, Crypto.com, and BlockFi.
If you are new to crypto or have considered joining new platforms, check out the Starter Pack created by CryptoOneStop by clicking here or if you want to earn over 250 USD in referral bonuses then click here.
Thank you for reading. CryptoOneStop’s Newsletter grows through word of mouth. Please consider sharing this post with someone who might appreciate it.
What I Am Doing
This section is dedicated to paid subscribers as I will go into details of what moves I am making with my interest-earning portfolios.
Keep reading with a 7-day free trial
Subscribe to CryptoOneStop’s Newsletter to keep reading this post and get 7 days of free access to the full post archives.