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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
Updates
Crypto Earn: Get Up to 3% APR on Gas (GAS), Ontology Gas (ONG), and Stratis (STRAX)
Crypto.com recently added GAS, ONG and STRAX to Crypto Earn.
Users can now enjoy up to 3% APR interest on their deposits.
Crypto.com Private users are entitled to bonus interest of up to 5% APR.
Crypto.com Exchange Launches USD Deposits and Withdrawals for Institutions
Crypto.com announced it has launched fiat deposits and withdrawals for institutional accounts via its Circle partnership, which was announced in June.
This partnership enables institutional users to seamlessly transfer funds from the traditional financial world to the crypto world.
Institutional users can transfer USD from their bank accounts and receive USD Coin (USDC) at a 1:1 ratio in the Crypto.com Exchange.
Crypto.com does not charge any fees for deposits.
UFC and Crypto.com Announce Historic Partnership
Crypto.com will become UFC’s first-ever global Official Fight Kit Partner, entitling Crypto.com to place their branding on UFC fight kits as worn by UFC athletes in competition, as well as fight kit apparel worn by the athletes’ corner men/women.
I think this is a great promotion for cryptocurrencies in general because it spreads awareness.
I know Celsius Network will say that it is probably better to pay customers better rates rather than spend on advertising but I think any good publicity for crypto is a win for everyone in crypto.
Crypto.com Private Package
In August 2020, Crypto.com initiated the MCO Swap which reduced the platform’s two tokens, MCO (Monaco) and CRO (Crypto.com), into just CRO.
Many users complained that the MCO was announced abruptly without any warning and that it was unfair.
In response, Crypto.com temporarily lowered the card tiers across the board to compensate in addition to an added bonus when swapping MCO for CRO.
I was at the Jade Green card tier, but with the changes I was able to upgrade to the Icy White tier which meant that I gained access to Crypto.com Private, bonus interest with Crypto Earn, and the exclusive merchandise welcome pack.
After almost a year, I finally received my Exclusive Merchandise Welcome Pack:
The box was packaged in a cardboard box.
Very nice and sturdy Crypto.com box containing the goodies.
Inside you get a card that reads:
It’s my pleasure to welcome you to Crypto.com Private
We are the early adopters, the ones who see things differently. It’s on us to tell the world “why” cryptocurrency is a breakthrough that matters. It’s on use to tell our closest friends: It’s your basic human right to control your money, data and identity.
Whenever you put the Crypto.com gear on, remember: This is what we stand for.
Kris
Co-Founder & CEO
Merchandise contents packed inside the box.
Crypto.com merchandise all laid out. From left to right: hat, t-shirt, hoodie, sticker, and webcam cover. Cat not included.
The North Face hoodie is high quality and really comfortable. Everything else is alright, but I really have no use for them.
A close up of the sticker and webcam cover.
I love the free merchandise, but the main reason I upgraded to the Icy White tier is to get Crypto.com Private (provides free crypto news and insights), higher interest APR on Crypto Earn, and 5% cash back card.
Interest Earned
As BTC rallied to 50k USD and then stabilizing back at 48k USD, the whole market is up from the previous month. In the last 4 weeks, my portfolio grew about 20k USD in value.
My Crypto Earn portfolio is up 26% in the last 4 weeks. It has not fully recovered, but it is making its way back. You can track my earnings progress on the four major interest-earning platforms that I use by checking out this Google Spreadsheet. If you look back, my portfolio is still not back to where it was in May 2021 before the crash—I am still 11k USD away from a full recovery.
A large chunk of my Crypto Earn portfolio is in BTC (Bitcoin) and ETH (Ethereum) so it makes sense why it made a big recovery. BTC is currently sitting at 48.7k USD while ETH is at 3237 USD. CRO made a small move up and is now sitting around 0.15 USD, up from 0.12 USD since the last report.
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 and there is a 14-day unbonding period to unlock the higher APR on Osmosis.
Since I am earning OSMO by providing liquidity on Osmosis, I will deposit my CRO and OSMO in the CRO/OSMO pool to earn 300%+ APR in the future.
Conclusion & Prospect
I love the Crypto.com ecosystem because it allows me to make a decent yield on my assets which I can then use with my Icy White card. By using my card, I am also getting 5% cash back in CRO. I like to think of the CRO cash back as a passive way to dollar cost average into CRO which has huge potential to grow in the near future once they introduce smart contracts to the Crypto.org Chain.
As Crypto.com adds more assets to Crypto Earn and enables more crypto assets to be use for topping off the card, it legitimizes crypto. I will continue to HODL but I am also planning my retirement strategy.
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.