Twitter | Starter Pack | Reddit | YouTube | Patreon | Store Front | 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
Updates
ENG Delisting From Bitrue
As the coin ENG has now completed its token swap to SCRT, it no longer serves any purpose and will be delisted from the Bitrue exchange. The timeline for delisting is as follows:
ENG deposits and trades have been closed as of January 19, 2021.
Users must withdraw any outstanding ENG assets they possess on their Bitrue account by February 15, 2021.
On February 15 we will permanently remove ENG from the Bitrue exchange and assets list.
Gala Games, Flare Networks, & Bitrue Announce 3-way Partnership
GALA's NFTs are used within their gaming applications and can take the form of in-game items, such as swords, hats, decorations etc.
The partnership with Flare Networks provides an alternative second layer solution for the minting and transferral of these tokens. Previously GALA has interacted only with the Ethereum network, which can present players with costly fees and long transaction times.
Stellar Wallet Upgrade
The upgrade means that your XLM wallet address will now be different, so if you have any saved or whitelisted addresses please make sure you update them to avoid losing funds in the future
Special 30-Day Lockups
Starting on February 1st at 10:00 UTC, you can earn up to 7% APR on UNI, AAVE, and ADA. If you own any of these coins, make sure to take advantage to earn more passive income.
Interest Earned
I love looking at my earnings from Power Piggy and with the current bull market, my portfolio grew immensely. In the last 4 weeks, my Power Piggy portfolio grew over 7250 USD—a 45% increase 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 16,918 USD in interest. In the last 4 weeks, this portfolio grew 29% resulting in an extra 3778 USD in earnings.  I am taking advantage of the current high APRs on ETH and BTC with Bitrue’s Lockup. ETH is earning a whopping 11% and BTC is earning 8.5%.  Since BTC and ETH make up a large portion of my lockup portfolio, it makes sense why it is up so much. BTC is at 34.2k USD and ETH is at 1375 USD. Note that the total amount invested is inaccurate.
Overall, my Bitrue interest earnings grew 38%, netting me a total of roughly 11,000 USD.  Given the current crypto bull market, these numbers are justified after a prolonged period of sideway movement with bear cycles in between.  The great thing about HODLing is that I am dollar cost averaging (DCA) into these cryptos which have huge potential to appreciate due to their limited supply and high demand. With each Bitrue Progress Report, I am reporting record-breaking gains from the previous one and I hope this trend continues for the remainder of 2021—the power of compounding is starting to show and it is reflected in the massive gains.
Conclusion & Prospect
It has almost been a year since I started using Bitrue and I have no regrets. Bitrue offers very competitive interest-earning rates compared to most platforms. I expected the rates to drop, especially after the pandemic hit, but they held strong. With plenty of competition, with other CeFi (centralized finance) platforms as well as DeFi (decentralized finance) protocols, I believe Bitrue is still a great place to earn passive income on your crypto assets.
Speaking of DeFi, I believe it is difficult for CeFi platforms like Bitrue to compete with DeFi protocols because of the insane APR offered. DeFi is definitely riskier and sometimes complicated to navigate for a novice in crypto, but can easily offer way more than CeFi. However, we are in the early stages so I still see CeFi platforms dominating as new investors join. CeFi offers a familiar experience so most new users will feel safe starting off on such a platform—which is exactly what I did when I first started.
Unless Bitrue comes up with something useful for its DeFi utility token, BFT, I believe it should just stick to using BTR. Having two tokens is confusing and they compete against each other resulting in stagnant prices for both. Ever since it was released in Fall 2020, the main use for BFT was to yield farm in one or two pools. Other than that, we have not heard of any updates to BFT utility. The white paper did mention more use-cases to be release in 2021 so I am holding out until then.
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.
You are currently reading the Free Version. If you would like more information, please consider switching to a paid subscription.
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 this referral sheet which organizes everything into a simple chart—you can earn over 250 USD in bonuses!