$$$ KPO and CZM $$$: June 2021

Sunday, June 27, 2021

StashAway - May 2021

We just came back from our first staycation with Baby Ong at Shangri-La (Garden Wing) and the experience is so different with a baby where half the time was spent in the room trying to coax her to sleep. lol. We were also disappointed with Shangri-La when we compared it with our Andaz Residence King Bed Suite Staycation last year. Shall blog and elaborate more in my next article!

In last month StashAway update, I mentioned the possibility of closing off StashAway to move more money into DeFi but has decided not to do it for 2 reasons:

1. CZM was not comfortable with that idea. When I closed Syfe, the money was used to invest in REITs (to increase the ability to leverage) so she's perfectly fine with it.

2. The yield has dropped drastically from 30-40% for stablecoins when I first discovered and blogged about it (DeFi - Farming MATIC using Aave + Curve) to 7-10% which makes it a lot less attractive now for the risks I will be taking on.

Investment for this month:
KPO and CZM Cash - StashAway Risk Index 22% - $1,500
Baby Ong Cash - StashAway Risk Index 36% - $100

KPO SRS - StashAway Risk Index 36% - $638

Total: $2,238

1. PORTFOLIO SUMMARY (as of the last day of the month)

KPO

CZM

Based on the statement (31 May 2021), our total investment is ‭$70,178.91! KPO gains $77.93 and CZM gains $14.40 for the month.

As of 25 June 2021, these are our portfolio performance:

KPO and CZM Cash - StashAway Risk Index 22%: $‭47,528.88 (44.27% - Capital: $38,250)

Baby Ong Cash - StashAway Risk Index 36%: $454.53 (-1.83% - Capital: $450)

KPO SRS - StashAway Risk Index 36%: $17,206.92 (47.34% - Capital: $14,340)

CZM SRS - StashAway Risk Index 22%: $6,580.12 (26.34% - Capital: $6,000)

2. PORTFOLIO DETAILS
Note that these are reported in USD.

KPO and CZM Cash - StashAway Risk Index 22%

Baby Ong Cash - StashAway Risk Index 36%

KPO SRS - StashAway Risk Index 36%

CZM SRS - StashAway Risk Index 22%

3. FEE CALCULATIONS

The fee stated is based on the monthly-average assets SGD ($25,000.00 x 0.8% + $25,000.00 x 0.7% + $11,662.90 x 0.6%) / 365 days * 31 days = $37.79.

The fee stated is based on the monthly-average assets SGD $6,490.96 x 0.8% / 365 days * 31 days = $4.41.

StocksCafe

Evan (founder of StocksCafe) made an improvement where one can now benchmark their portfolio against multiple indexes/ETFs. Looking at the time-weighted return (5.70%) for the year 2021, we can see that StashAway Risk Index 22% is underperforming all of our benchmarks.

If we compare across the years, StashAway's portfolio is winning by a huge margin (44.85%) against STI but lost to SPY (75.25%) and IWDA (63.69%). In addition, it has the lowest volatility and max drawdown. This is what StashAway meant by reducing risk and maximizing the return.

The annualized return/XIRR of the portfolio is very impressive too at 12.40%. Using the Rule of 72 means that the StashAway portfolio will double our money in 72 / 12.40 ~ 5.81 years. In comparison, the same money if left in the bank account at a 2% interest rate will take 72 / 2 ~ 36 years to double.

As for StashAway Risk Index 36%, the portfolio currently has a higher time-weighted return (47.79%) when compared against all the indexes (STI, SPY, and IWDA) but it is also clear that it is riskier in the sense that both its volatility/max drawdown are much higher when you compare against the benchmark and StashAway Risk Index 22% portfolio. The XIRR is 19.94%. Using the same rule, our money will double in 72 / 19.94 ~ 3.61 years.

Which is the best? Only time will tell :)

Anyway, if you are interested in signing up for StashAway, do use our referral link - KPO and CZM Referral Link. You will get $10,000 free management fees for 6 months and we will get $16!

If you want to extract those transactions information from StashAway, do take a look at this article - StashAway Transactions Parser.

If you are interested in the smart portfolio tracker (StocksCafe) which I am using as shown above, sign up using my link for a longer trial period :) Refer to our Referrals page for more information.

On a side note, Futu's moomoo app has made their sign-up bonus even more attractive (one free Apple share + one free Nio share with 5 trades + other benefits) and it has been extended to 30th June 2021 (2000hr SGT)! Take a look at the latest benefits here.

You might be interested in previous months update too:

- StashAway Withholding Tax Reimbursement FY 2019

- StashAway - December 2020 - $56,721.26

- StashAway - January 2021 - $59,991.38

- StashAway - February 2021 - $61,608.72

- StashAway - March 2021 - $64,759.72

- StashAway - April 2021 - $67,210.58

- StashAway - May 2021 - $70,178.91

Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)

Wednesday, June 16, 2021

CakeDeFi - New Plan/Strategy

It has been about 2 months since I went down the DeFi rabbit hole and my only regret is not starting it earlier. I went from "wow, 8-10% yield on USD using BlockFi/Celsius" to "wow, 100% yield on CakeDeFi" to thousands or millions of yield in DeFi.

Including the capital for these LPs for more context/information:

TITAN-IRON: US$100

WEXpoly-MATIC: US$50 (got free WEXpoly from airdrop)

IRON-USDC: US$200

Including the capital for these LPs for more context/information:

QUICK-MATIC: SG$3,000 (not including ADDY and MATIC rewards)

QI-MIMATIC: US$100

MALT-DAI: US$200 (this is likely a 100% loss, waiting for the compensation plan. lol)

All these have their risks and it is all about managing your risk. Generally, I would only put US$100 into risky farms and US$200 into new/algo stablecoin LP. I have taken profit for one of the farm (TITAN-MATIC) where I turned US$100 to US$500 in about a month. Despite the crash at the end of May and one of my farms being exploited by a hacker (DeFi - Risks and Dangers (I Lost 97% Overnight)), I am still making a profit :) Ops, I digress. Let's go back to CakeDeFi.

I tried out CakeDeFi back in April and blogged about it here - CakeDeFi - The Easy Way to DeFi. Back then, the yield for staking DFI was just 38.3% so to get the higher yield, providing liquidity was the obvious choice at 92.12%. Hence, I provided liquidity using 0.02969211 BTC and 514.44764650 DFI with a capital of SG$5k. The price of BTC then was around US$60k.

Fast forward to today, the yield for staking DFI is much higher at 134.3% as compared to providing liquidity 95.09%. As a result, my new plan/strategy is to stake the DFI rather than use it to provide liquidity and be subjected to impermanent losses.

Again, I am not going to explain what impermanent loss is (homework for readers interested in providing liquidity) but it sort of work in my way because if I were to remove liquidity now (it would have been even better a few days ago but as usual I procrastinated), I will be getting back more BTC and less DFI (as the price of BTC fell more than the price of DFI).

Mathematically, my loss is around SG$60 but I would choose more BTC anytime.

After removing liquidity, I transferred all the BTC out to BlockFi with a withdrawal fee of 0.0005 BTC (~SG$27) to accrue more interest. Meanwhile, I am still trying to figure the most cost-effective way to bridge my BTC to Polygon with the plan to deposit them into Aave as collateral so I can borrow more to farm in Curve.

Aave is where I am keeping the most of my crypto now if you are wondering and I blogged about it here - DeFi - Aave, QuickSwap and Adamant on Polygon (Matic Network). The withdrawal of BTC from CakeDeFi is being tracked as a withdrawal of capital to be deployed elsewhere, hence the current capital for CakeDeFi is:

4th April 2021 - Bought 0.06289197 BTC for SG$5,000

15th June 2021 - Withdraw 0.03445945 BTC which was purchased at ~SG$2,740 (5,000 / 0.06289197 x 0.03445945)

Capital: SG$2,260.00

Current: SG$2,931.49

Anyway, I have blogged about different ways to leverage crypto to build wealth for people with different risk appetites:

The safer approach using stablecoins

- Earning High Interest Using BlockFi and Celsius Network

- Earning High Interest Using BlockFi and Celsius Network Part 2

- Earning High Interest Using BlockFi and Celsius Network Finale

Risky approach but more hassle-free

- CakeDeFi - The Easy Way to DeFi

- CakeDeFi Freezer + Tracking in StocksCafe

- CakeDeFi - New Plan/Strategy

Highest risk and you are on your own

- DeFi apps on Binance Smart Chain (BSC) such as PancakeSwap and PancakeBunny

- DeFIRE with DeFi

- DeFi - Aave, QuickSwap and Adamant on Polygon (Matic Network)

- DeFi - Farming MATIC using Aave + Curve

- DeFi - Risks and Dangers (I Lost 97% Overnight)

- DeFi - Harmony ONE and Fantom

If you are interested in the platform I am using, do sign up using our referral links for some bonus :)
BlockFi: Deposits US$100 or more into your BlockFi Interest Account (BIA), you will earn US$10 in BTC and we will earn US$10 in BTC too.

Celsius Network: Earn US$40 in BTC with your first transfer of US$400 or more and we will earn US$40 in BTC too.

CakeDeFi - Deposits US$50 or more into your CakeDeFi account, you will earn US$30 in DFI and we will earn US$10 in DFI too.

Gemini: We will both receive US$10 of bitcoin after you buy or sell US$100.

On a side note, Futu's moomoo app has made their sign-up bonus even more attractive (one free Apple share + one free Nio share with 5 trades + other benefits) and it has been extended to 30th June 2021 (2000hr SGT)! Take a look at the latest benefits here.

Saturday, June 12, 2021

Endowus - May 2021

I blogged about Investing CPF OA Through Endowus at the start of the month and you will be able to see it reflected in some of the screenshot below.

Risk Profile
Goal type: General wealth accumulation
Risk tolerance: Maximise returns (loss tolerance -60%)
Monthly investment using SRS: $638

I have modified my monthly investment in order to max out my SRS contribution for the year.

Account Summary

Capital: $14,340.00
Current: $17,325.44 (20.89%)

There are quite a few differences as compared to StashAway. Firstly, all the cash has been invested while StashAway keeps 1% of the portfolio in cash. Secondly, the fees are not deducted on a monthly basis. The Access Fee charged by Endowus will be deducted at the end of each quarter as stated in their FAQ.

As of 12 June 2021, the portfolio value is $27,663.79. The return shown in percentage is just a simple return (P&L divided by capital) and with the $10k investment from CPF OA, it dropped significantly compared to the previous month.

It will be clearer/more accurate if we look at the respective portfolio.

Anyway, Endowus is still performing better as compared with StashAway given that both portfolios had the same capital/deposit.

Asset Allocation

Seems like the asset allocation in the statement is not updated for this month given that the numbers are the same as last month. Updated the number based on what is displayed on their web UI.

This shows that the number of shares for each fund that I owned:
- Dimensional Global Core Equity Fund (214.7780)
- Infinity US 500 Stock Index Fund (2566.0500)
- Dimensional Emerging Markets Large Cap Core Equity Fund (88.5560)
- Dimensional Pacific Basin Small Companies Fund (84.1310)

Transactions

That's all! Overall, I think the statement is pretty straightforward and easy to read. On a side note, StocksCafe does not has the ability to track funds, hence unable to do any form of comparison/benchmark.

If you are interested in Endowus, do use our referral link for our readers! You will get S$10,000 managed free for 6 months ($20 equivalent) and we will get $20 too!

You might be interested in the previous monthly update too:

- Endowus CPF/SRS Review

- Endowus - December 2020 - $12,466.20

- Endowus - January 2021 - $13,080.35

- Endowus - February 2021 - $13,549.30

- Endowus - March 2021 - $15,484.29

- Endowus - April 2021 - $16,570.37

- Endowus - May 2021 - $17,325.44

Monday, June 7, 2021

Investing CPF OA Through Endowus

I have finally decided to invest my CPF OA after procrastinating for so long!

I blogged about Endowus Fund Smart Review when it launched last year and had plans to use it to invest my CPF but never took action. As a result, I am now paying the price for my procrastination (by investing at a higher price) instead of sitting on a nice profit. To be honest, I finally made the decision to do so because I feel that I needed to increase my exposure to traditional investments as I have been pumping most of my money into crypto. lol. Anyway, let me share the steps/experience I had while investing my CPF OA through Endowus.

I chose Fund Smart because I wanted to pick my own fund which is the one with the lowest fees.

Next, select CPF OA as the funding source and select the risk/loss tolerance that is suitable for yourself. Of course, I selected the maximum risk.

I have decided to build an extremely simple portfolio where I will just allocate 100% of the portfolio to LionGlobal Infinity US 500 Stock Index Fund which is equivalent to investing in S&P500. In addition, this fund has the lowest fund-level fees 0.4% after the trailer fees rebate. I will not be doing monthly investment for this portfolio because there are additional fees involved and I explain more later but the initial investment will be SG$10k.

I found the warning to be quite entertaining where it states my selection is too conservative for my risk tolerance. I'm not sure how I can build a more risky portfolio with a 100% equities allocation. Maybe need some crypto in it? lol. Jokes aside, you can see the total annual fee to be just 0.8% including the 0.4% Endowus fees. The average annual return from 2003 is 7.84%, much higher than the CPF OA interest of 2.5%.

Endowus also provides a goal/investment projection. I am interested in 2045 or 24 years later because that will be when I turn 55 years old. Had I left the SG$10k in my OA, it will grow to SG$18k as compared to SG$25k to SG85k by investing them.

One will have to agree to the disclaimer when using Fund Smart which is not a surprise. Basically, it just means you are responsible for your own decision. Nothing new.

Once you agree to everything and successfully authenticate to the SMS OTP, it will take a few working days for the deduction of the CPF OA to investing them.

Let me share more about the additional fees associated with investing using CPF. As indicated during the initial portfolio set up as well as the completed transaction, we can see SG$10k being reflected in the system.

However, on the CPF side, you will actually see a deduction of more than SG$10k.

Screenshot from Endowus FAQ

Unfortunately, this is due to the agent bank charges when using our CPF to invest. Regardless of whether you use Endowus or not, as long as you invest through the CPFIS, these charges are unavoidable. In fact, it is even more expensive if you were to invest in stocks/funds yourself because of the quarterly charges (e.g. 4 stocks = $10 per quarter). However, Endowus actually makes it more affordable such that the quarterly charge is based on per portfolio (e.g. 1 portfolio with 5 funds = $2.50 per quarter). That is why I will not be doing any monthly investment. The current plan is to invest ~SG10k lump sum per year and only exceed that if the market falls by >20%-30% from my average entry price.

Endowus has also lowered the minimum investment required from SG$10k to just SG$1k to help more people to invest especially those that are just starting out. In addition, they have also launched a new promotion until 31 July 2021 for new clients where one can get $100 worth of rewards on your first $10,000 invested in any of their General Investing or Cash Smart portfolios. One can get an additional $50 worth of rewards for every additional $5,000 invested (up to a total of $500 worth of rewards for the first $50,000 invested. You can refer to here for more information.

If you are interested in Endowus, do use our referral link for our readers! You will get a $20 access fee credit with no expiry date, so you are free to invest at a pace of your liking! We will get $20 too!

On a side note, Futu's moomoo app has made their sign-up bonus even more attractive (one free Apple share + one free Nio share with 5 trades + other benefits) and it has been extended to 30th June 2021 (2000hr SGT)! Take a look at the latest benefits here.

Do like any of the following for the latest update/post!
1. FB Page - KPO and CZM
2. Twitter - KPO and CZM
3. Click here to subscribe using email :)
4. Instagram - KPO_and_CZM (Did you see those delicious food photos to the right --> Unfortunately, you can't see it on mobile.)

Friday, June 4, 2021

Portfolio - May 2021

With the Phase 2 Heightened Alert, my parents have offered to take care of Baby Ong instead of us having to continue to send her to the infant care. We are very appreciative because being able to work from home again just makes things so much more convenient and less tiring. Imagine waking up at 8am vs 6am to prepare for work and send her to infant care as well as the time spent on commuting. Hopefully, the COVID situation will improve and easing will happen after the 13th June.

While compiling our portfolio snapshot for May, I noticed that I have inflated April's number by including Accordia Golf Trust which has already been delisted and I blame SCB for including it in my monthly statement after so long. The actual number should have been $946,521 - $10,875 = $935,646.

Anyway, our portfolio reaches another new high! It increased by 1.84% to $952,839 - $35,250 of capital injection (mostly came from the US$10k leverage which is ~SG$13k and SG$8k to purchase more REIT when Singapore went into Phase 2 Heightened Alert) and -$18,056 of capital loss. This includes $177,946 of leverage/debt (gearing/debt ~22.96%).

If you prefer to look at numbers, this is the raw data used to generate the above bar graph. These numbers are as of the last day of the month.

"Cash Flow" is the amount of money being injected/withdrawn from the portfolio (buying stocks = +ve cash flow while selling stocks and collecting dividends = -ve cash flow)

SOLD
- None

On a side note, I have made the decision to close our Syfe portfolio and you can read about it here - Bye Bye Syfe!

BOUGHT

- Mapletree Commercial Trust (5,000 units) @ $2.05

- Ascendas REIT (5,000 units) @ $2.96

- iShares Hang Seng Tech ETF (700 units) @ HK$16.44

I redeploy the cash (~$18k) from the closure of Syfe portfolio to buy Ascendas REIT and took out a bit of leverage (~$8k) to buy Mapletree Commercial Trust. This was a few days after Singapore announced Phase 2 Heightened Alert. We were expecting the market to react more but it was slightly disappointing with a maximum drop of ~5%. Regardless, we decided to just enter the market with this little opportunity. Buying iShares Hang Seng Tech ETF is simply following our monthly DCA plan.

Anyway, the idea of using leverage is simple, borrow the money, buy a good/excellent REIT/stock, use the dividends to pay the interests, and keep the difference while ensuring that we will never get a margin call/trigger. Once again, leverage has its risk and is definitely not for everyone. We see it as our way of buying a second property without incurring any of those taxes (ABSD, rental income tax, etc.). You can take a look at this - Leverage Performance 2020.

On a side note, I gave up on buying IWDA already. Instead, the monthly allocated capital together with that of Syfe will be deployed to Crypto DeFi farming instead. Yes, I have successfully persuaded CZM to let me do that (although she was very reluctant) by betting my chance to FIRE on it. End of the day, if this plan fails and I lose it all, what's the worst that can happen? I FIRE at 50 instead of 40 lor. I shall elaborate more on why I see so much potential below.

Given that it is a brand new year, I have adjusted my SRS contribution to $1,276 per month with the intention of maxing it by year-end. We have also decided to open another StashAway portfolio for Baby Ong. You can read about Our Insurance and Investment Plan for Baby Ong.

Our Monthly DCA for May - $5,876
$1,500 Cash for Ourselves - StashAway Risk Index 22%

$100 Cash for Baby Ong - StashAway Risk Index 36%

$638 KPO's SRS - StashAway Risk Index 36%

$638 KPO's SRS - Endowus Loss Tolerance -60%
$1,000 Cash - iShares Hang Seng Tech ETF

$2,000 Cash - Crypto ($1k BTC and $1k ETH)

Dividends
The total dividends collected this month is $4,046.51. The breakdown is as follows:

Company PayDate Shares Total

Parkway Life Real Estate Investment Trust 31-May-21 5,000 $178.50

OUE Ltd. 28-May-21 11,000 $110.00

Suntec Real Estate Investment Trust 28-May-21 11,000 $224.95

DBS Group Holdings Ltd. 24-May-21 900 $162.00

City Developments Ltd. 21-May-21 2,400 $288.00

Chip Eng Seng Corp. Ltd. 21-May-21 8,000 $160.00

Raffles Medical Group Ltd. 20-May-21 20,000 $400.00

Pacific Century Regional Developments Ltd. 19-May-21 14,000 $644.00

CapitaLand Ltd. 18-May-21 17,434 $1,569.06

Wilmar International Ltd. 6-May-21 2,000 $310.00

Total dividends collected for 2021: $10,309.23
Average dividends per month for 2021: $2,061.85

StashAway

KPO

CZM

Capital: $58,240.00
Current: $‭‭‭‭70,179.18

If you are interested in StashAway, do use our referral link. You get $10,000 free management fees for 6 months and we will get $16!

If you want to extract those transactions information from StashAway, do take a look at this article - StashAway Transactions Parser.

Endowus

Capital: $14,338.00
Current: $17,325.44

If you are interested in Endowus, do use our referral link for our readers! You will get S$10,000 managed free for 6 months ($20 equivalent) and we will get $20 too! This access fee has no expiry date.

Crypto

Tracking crypto investment becomes very painful when the number of coins increases as well as when I move across to different networks. Hence, to simplify the tracking, I will just be tracking the capital I put in vs the current value at the end of the month.

Capital: SG$31,778.98 + US$40,000 ~ SG$84,672.38
Current: SG$‭‭‭40,712.41 + US$40,000 ~ SG$93,605.81

If you prefer a pie chart.

Crypto - BlockFi

The amount of BTC I have has increased but the value dropped significantly when the price fell by ~40% towards the end of the month. The BTC in BlockFi is earning about 5% interest now.

BlockFi: Deposits US$100 or more into your BlockFi Interest Account (BIA), you will earn US$10 in BTC and we will earn US$10 in BTC too.

Crypto - Celsius Network

Celsius Network recently launched a web app which is so much more convenient now (at least to me). Unfortunately, Celsius has decreased the interest for GUSD again to 8.88% (didn't know ang mo also will choose such a huat number. lol) while CEL is earning 4.86%. I was given some DAI and BTC from referrals which I have transferred to BlockFi for higher interest. Thanks for using our link!

Singlife decrease interest again?! Why don't you read the below articles and consider Celsius at 8.88%?

- Earning High Interest Using BlockFi and Celsius Network

- Earning High Interest Using BlockFi and Celsius Network Part 2

- Earning High Interest Using BlockFi and Celsius Network Finale

Celsius Network: Earn US$40 in BTC with your first transfer of US$400 or more and we will earn US$40 in BTC too.

Crypto - Binance

All of my ADA are still with Binance and staked for a 7.79% yield.

Crypto - CakeDeFi

I am currently losing money on CakeDeFi (-$598.40) which is expected after the crypto market crashed but it definitely didn't fall as much. For this portfolio to perform well, it relies heavily on the price of BTC and DFI. Even if the prices remain as it is now, it will likely be in profit again given the high yield.

CakeDeFi - Deposits US$50 or more into your CakeDeFi account, you will earn US$30 in DFI and we will earn US$10 in DFI too.

Crypto DeFi

I have blogged about the possibility of generating cashflow through DeFi farming and the incredible thing is how little capital is required compared to traditional investments - DeFIRE with DeFi. Our total capital in DeFi is ~SG$62k (technically it is even lower because I'm leveraging by borrowing from the bank) but let's just assume I am not for simplicity. For May, I have generated ~SG$2.7k if I had simply just sold everything and convert them back to fiat.

That's higher than our monthly dividends which we have spent 7 years building! Out of those tokens, there are 2 tokens with vesting period/locked - ADDY is locked for 3 months while VIPER will be locked until Dec 2021. Even if I remove those from the computation, I am still looking at ~SG1.5k of "passive income" (they are only true income if I convert them to stablecoins) and that is why I see so much potential in DeFi farming. Having said that, there are a lot of risks involved and you never know when the value of these tokens/coins will become worthless like what I have experienced recently (more information below).

Crypto DeFi - Binance Smart Chain

End of April 2021

End of May 2021

Similarly, I started with a capital of SG$5k to try out DeFi farming on Binance Smart Chain (BSC) which grown to US$7,490.62 (~SG$10k) last month but it all disappeared during the crypto crash + I got exploited by a hacker causing me to lose 97% of my capital/investment which I blogged about here - DeFi - Risks and Dangers (I Lost 97% Overnight). Ultra double whammy. The current remaining amount is just US$2,161.48 + ~US$200 at Popsicle Finance (a total of ~SG$3.1k). I essentially doubled my capital in a month and lose it all the next month. So did I lose 7k or 2k? lol. Let's hold a year and see how thing goes.

Crypto DeFi - Polygon

The majority of our crypto portfolio is in the form of stablecoin deposited as collateral in Aave to farm MATIC. During the crash/dip, I bought ~US$7k worth of ETH @ ~US$2.1k using the borrowed USDT and deviated from the initial plan to farm borrowed USDT in Curve. It has proven to be a wise move so far. Anyway, this is where our future SG$2k monthly investment will go.

The remaining borrowed USDT are deposited in Curve similarly to farm MATIC. You can read more about the strategy here - DeFi - Farming MATIC using Aave + Curve.

CZM's first crypto investment of SG$3k was put into a QUICK-MATIC LP and will be auto-compounded using Adamant Finance.

A small amount in IRON-USDC LP (both stablecoins) with minimum impermanent loss (one of the risk would be IRON losing its peg) auto-compounded in Beefy Finance with extremely high APY for a stable LP. Overall, I am sitting on a small unrealized profit in Polygon.

Crypto DeFi - Fantom

I blogged about my experience here - DeFi - Harmony ONE and Fantom. Out of all the networks, I am losing the most money here. Similarly, I started with a capital of SG$5k, lost more than half and recently just injected another SG$1k to average down/"save" whatever remaining farms/LP. Previously I was farming on SpookySwap, SpiritSwap, and Waka Finance separately but I have moved them to Reaper Farms for auto-compounding yesterday after watching this interview session with the founder. Generally, I still prefer developers/founders that show their face.

Crypto DeFi - Harmony ONE

Viper is one of the farms giving the highest return. The only con is 95% of the yield are locked.

With a capital of ~SG$2.1k and farming for just 1 month, I have ~US$720 locked until Dec 2021. I am well trained by CPF so no issue at all. Of course, the VIPER token could become 0 but you never know :)

If you made it so far, you are probably interested/already in DeFi as well. I am going to share a high risk high reward farm. I have only started farming this on 1st June so technically this should not be here but if I share it next month, it will probably be too late.

Harmony ONE has a new farm/DEX called LootSwap. It is a fork of ViperSwap with a different theme to it. LootSwap launched on 31st May and instead of giving airdrop, they increase the emission rate of the LOOT token. You can refer to this for more information.

As a result, we are getting crazy high APR!

I started farming with just US$200 and after just 1 day, I had LOOT token worth more than my capital. I then decided that this is worth the risk so I removed my VIPER-ONE LP and converted them to LOOT-ONE LP.

Going at this rate, I believe I will probably have a few thousands worth of LOOT token while farming with a capital of just US$800. Similar to VIPER, the LOOT token is locked till Dec 2021 and we don't know what will be the price of the token. In my opinion, the biggest risk for this project is rug pull/exit scam given that the project is very new with anonymous developers and an exact fork of other projects. Stay safe and huat ah!

Anyway, I have blogged about different ways to leverage crypto to build wealth for people with different risk appetites:

The safer approach using stablecoins

- Earning High Interest Using BlockFi and Celsius Network

- Earning High Interest Using BlockFi and Celsius Network Part 2

- Earning High Interest Using BlockFi and Celsius Network Finale

Risky approach but more hassle-free

- CakeDeFi - The Easy Way to DeFi

- CakeDeFi Freezer + Tracking in StocksCafe

Highest risk and you are on your own

- DeFi apps on Binance Smart Chain (BSC) such as PancakeSwap and PancakeBunny

- DeFIRE with DeFi

- DeFi - Aave, QuickSwap and Adamant on Polygon (Matic Network)