Another week in my DeFi journey, and it has been a rough one. The crypto market continues to struggle, with Trump's tariffs and trade war tensions dragging everything down. I covered the latest market news in my SPS technical analysis blog this week. Despite the bearish crypto market conditions, I harvested $19.68 in fees, a dip from last week's $25.12. My total deposits increased by $35.24 to $4928.71, with most of that going into the USDC/cbBTC and SOL/USDC CLP positions. However, the current value of my DeFi portfolio sits at $2916.79, meaning I am still down $1568.05, including fees, since I started this journey when ETH was at $3.3k. ETH, which is 75% of my portfolio, continues to underperform, dropping below $1.6k this week. Both of my ETH CLP positions stayed in range after last week's rebalancing, but the overall market sentiment remains bearish, as I discussed in my SPS analysis.
CLP - ETH/USDT - PancakeSwap, Binance Smart Chain
I harvested $5.93 this week, bringing total rewards to $178.46. My deposit remains $2213.00, and the current value is $1148.01, with a yearly APR of 37.19%.
- In-Range: ✅
- Range Setup: $1204.29 - $2546.84 (75% wide)
- Rewards Farmed This Week: $5.93
- Total Rewards: $178.46
- Total Deposits: $2213.00
- Current Value: $1148.01
- Yearly APR: 37.19%
- Price Difference (Inc. Fees): -$886.53 (-40.06%)
CLP - WETH/USDC - Aerodrome Finance, Base
I harvested $5.35 this week, bringing total rewards to $172.28. My deposit remains $1663.40, and the current value is $858.45, with a yearly APR of 47.67%.
- In-Range: ✅
- Range Setup: $1202.37 - $2545.32 (75% wide)
- Rewards Farmed This Week: $5.35
- Total Rewards: $172.28
- Total Deposits: $1663.40
- Current Value: $858.45
- Yearly APR: 47.67%
- Price Difference (Inc. Fees): -$632.67 (-38.03%)
CLP - USDC/cbBTC - Aerodrome Finance, Base
I harvested $0.52 this week, bringing total rewards to $6.09. My deposit has increased to $156.11 (increased by $15), and the current value is $155.25, with a yearly APR of 27.14%. This is the only CLP position in my DeFi portfolio in the green.
- In-Range: ✅
- Range Setup: $70604 - $100190 (35% wide)
- Rewards Farmed This Week: $0.52
- Total Rewards: $6.05
- Total Deposits: $156.11
- Current Value: $155.25
- Yearly APR: 27.14%
- Price Difference (Inc. Fees): $5.23 (+3.35%)
CLP - SOL/USDC - Orca, Solana
I harvested $7.88 this week, bringing total rewards to $87.04. My deposit has increased to $896.20 (increased by $20.24), and the current value is $755.08, with a yearly APR of 59.61%. This position has been punching way above its weight in the month of April, and that is due to SOL performing well in comparison to ETH.
- In-Range: ✅
- Range Setup: $97 - $180 (59.4% wide)
- Rewards Farmed This Week: $7.88
- Total Rewards: $87.04
- Total Deposits: $896.20
- Current Value: $755.08
- Yearly APR: 59.59%
- Price Difference (Inc. Fees): -$54.08 (-6.03%)
Concluding Thoughts
This week's $19.68 harvested is a step down from last week's $25.12, averaging less than $3 a day. The market's bearish trend, driven by Trump's tariff policies, is making things tough. SOL, however, is showing resilience, which aligns with my SOL/USDC position performing well. ETH, on the other hand, continues to be a pretender and is making this DeFi journey tougher than I had anticipated.
Thank you for reading and hope you have a good rest of the day!
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