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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.
Celsius Network
Updates
Previous, the minimum amount to take out a loan was 500 USD, but Celsius Network (CN) recently lowered it to just 100 USD. Right now, users can only take loans out through the mobile app, but in December, users may be able to do it through the website.
CN also lowered the minimum purchase amount for CEL to 5000 USD, down from 25000 USD. However, OTC purchases will still require that you are an accredited investor.
You can now start earning interest on 1INCH and SUSHI with Celsius Network, both earning 4.13% APR.
Many Celsians are concerned about the Songbird airdrop for owning/holding XRP (Ripple). You can watch the brief video regarding Songbird by clicking this link.
Their custodian, Fireblocks, need to ensure that the Songbird blockchain and network is safe before they add it. Once that process is complete, Celsius Network need to add it on their end before Celsians can finally receive the Songbird airdrop.
Basically, Celsius Network needs time to make sure that everything is safe and working properly before they release Songbird to XRP holders. This entire process will take several months.
Celsius Network started burning CEL on a weekly basis to help CEL price. Each week, CN will buy an additional 10% of CEL for burning. Since the supply of CEL is fixed, the burning process makes CEL a deflationary asset which should cause prices to surge.
In addition to CEL burning, Mashinsky stated that Celsius Network will be adding more utility for the CEL token in the coming months.
Big Corporations, such as Bank of America, are beginning to look into crypto.
Many institutions want to borrow Solana (SOL), but since it is on a different blockchain it takes time to add it to CN—just like Songbird. But this is hinting the SOL will be added to CN.
With Bitcoin BTC rallying above 60k USD, Celsius Network is estimated to hold over 28 billion USD in assets.
In app swap is expected to be release to certain regions by the end of October 2021.
Interest Earned
It has been 4 weeks since my last report on Celsius Network earnings and during that time my interest earnings gained over 9500 USD in value. You can monitor this Google Sheet where I track all my earnings from a variety of platforms and it gives percent changes.  According to the spreadsheet, my total earnings increased by 15% in 4 weeks.
Most of my assets are split among the four platforms that I use: Celsius Network, BlockFi, Bitrue, and Crypto.com. Both Bitcoin and Ethereum make up a nice portion of my portfolio and the recent rally helped tremendously in reversing the redness. My CN portfolio took a massive hit during the May 2021 correction but it is recovering nicely and is still up overall from the beginning of 2021.
You can use the Interest Rate Tracker to find the best APR rates across several platforms to fit your HODLing needs.
BTC is currently at 60.3k USD and ETH is at 3850 USD as of writing this report.
Conclusion & Prospect
I feel that Celsius Network is one of the best place to hold my crypto assets because they are secure and conservative in their approach when it comes to doing due diligence. They will avoid unnecessary risks which means they will not lend out money to places where crypto jurisdiction is unclear.
Aside from being safe and secure, Mashinsky stated that Celsius Network is extremely diversified which helps them mitigate risks and allows them to remain sustainable regardless of market conditions.
Many corporations do not want crypto on their balance sheets because of regulations and legalities and hence it is easier to borrow crypto from a lender like Celsius Network.
I have mentioned this in several reports that HODLing while earning interest in kind is basically a way to dollar cost average into crypto. I open up my portfolio once in a while and watch the numbers go up. It certainly brightens my day when the market is in full swing. I will continue to HODL so I can speed towards financial freedom and early retirement.
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 the Starter Pack created by CryptoOneStop by clicking here or if you want to earn over 250 USD in referral bonuses then click here.