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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.
Crypto.com
Crypto.com App Now Offers Instant Deposit to U.S. Users
On December 3rd, 2021 Crypto.com (CDC) announced that instant deposit via ACH is now available to app users in the US.
This feature allows users to connect their bank account to their Crypto.com app and get the funds to make crypto purchases instantly.
The limit is 50k USD per day and 500k USD per month.
CDC does not charge any fees for instant deposit but your bank might.
The feature is being rolled out progressively to US users.
Crypto.com Pay Now Supports Cronos
Crypto.com Pay now supports the Cronos network from any wallet.
With this integration, users can pay using CRO, ETH and USDC on Cronos, and more tokens will be supported soon.
This new enhancement on Crypto.com Pay will help merchants expand their reach by giving their customers more ways to spend their crypto.
VVS Finance (VVS)
VVS Finance (VVS) is designed with the goal of bringing amazing protocols to the masses. It is the simplest DeFi platform for everyone to swap tokens, earn high yields, and, most importantly, have fun. The VVS token is the platform's native token. It is a utility, governance, and reward token with applications throughout the VVS platform.
There seems to be a close connection and/or relationship between Crypto.com and VVS Finance because the VVS token was quickly adopted by CDC.
Although the Cronos chain just launched last month, VVS was added to Crypto Earn allowing users of the app to earn up to 3% APR in interest on their deposits with an additional 2% APR in CRO for higher tiers.
Aside from being listed in the Crypto.com app, the Crypto.com DeFi Wallet has been integrated with VVS Finance.
The DeFi wallet is the first to support VVS Finance natively and allows users to seamlessly transact on the VVS platform.
Additionally, Cronos Bridge has been added to the Swap feature, so users can easily transfer their assets from the Crypto.org Chain to Cronos, as well as swap via VVS Finance.
Interest Earned
In the last 4 weeks, my portfolio lost about 22k USD in value.
My Crypto Earn portfolio is down 12% in the last 4 weeks.  You can track my earnings progress on the four major interest-earning platforms that I use by checking out this Google Spreadsheet.
A large chunk of my Crypto Earn portfolio is in BTC (Bitcoin) and ETH (Ethereum) so it makes sense. BTC is currently sitting at 49.8k USD while ETH is at 4023 USD.
CRO is currently hovering around 0.6 USD, a slight drop in the last 4 weeks after surging to 0.75 USD.
Since I have been earning 18% APR by staking CRO for the debit card, the price drop of CRO had a strong impact on my portfolio.
CRO Earnings
If you have been following my Crypto.com reports, you know that I have been moving my CRO onto Osmosis to earn a yield. I used to have my CRO staked on the DeFi Wallet app to earn about 13% APR—which is not bad.
But on Osmosis, I am earning over 90% APR which is almost 10 times more than what I can earn from staking on DeFi Wallet. However, I have to pool CRO with ATOM or OSMO and there is a 14-day unbonding period to unlock the higher APR on Osmosis.
Conclusion & Prospect
Despite the price pull back on CRO, Crypto.com is still one of my favorite platforms because of its ecosystem. Everything works well with one another. There are some glitches at time but the team is quick to eliminate them.
The Crypto.com debit card is a great way to earn CRO on everyday purchases and the cash back amount beats many major credit cards out there. I have been getting 5% back in CRO for over a year and I could not be happier since the price of CRO shot up.
Depending on the your debit card tier, certain subscriptions are fully reimbursed. I have been getting Netflix and Amazon Prime for free—well, not really free but I get my subscription amount paid back in CRO every month. With the price of CRO almost 3x from last year, those subscriptions actually earned me money.
The DeFi wallet was clunky upon release but it is improving with every update. With the integration with VVS Finance I experimented with it to buy and stake some VVS. There are still some visual bugs while I was using my DeFi wallet with VVS Finance but nothing major stood out. Since Cronos chain is fairly new, I believe future iterations of the wallet and VVS Finance will function seamlessly.
Now that instant deposits are available with Crypto.com I will probably reduce or stop using Coinbase. The fees on Coinbase is a huge deterrent as well as the amount of features available. Crypto.com is a vastly improved version of Coinbase and I know the fees I pay on CDC will benefit me in the long run whereas on Coinbase it goes towards the company’s profits with no innovation.
With that being said, I will continue to stack my CRO and other cryptocurrencies with Crypto.com. Happy HODLdays!
Each week I will report on a different interest-earning platform that I use—mainly, Celsius Network, Bitrue, Crypto.com, and BlockFi.
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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.
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