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Change in structure. Decided to remove FRAX Finance $FXS and replace it with Stacks $STX.

FRAX has underperformed the past months and sentiment around the project seems low. STX was recently added to ICONOMI, I like the idea to use and build apps that leverage #Bitcoin as a secure base layer.

Sold $KNC as we didn't get hoped pump. I decided to buy different altcoins, because distributed portfolio could be the right play at the moment. Why? Because we could see different alts popping up and it could be frustrating if we hold only one or two assets that don't move that much.

So we bought $SEI, $OSMO, $NEAR, $GMX , $FXS and $DYDX.

Hi everyone! I want to share some recent adjustments to our cryptocurrency portfolio strategy.

Removals and Reductions:

FRAX ($FXS) : After a thorough reassessment, we have decided to part ways with Frax. While it has shown promise, we believe our resources could be better allocated elsewhere for optimal returns.

Monero ($XMR) : Due to evolving regulatory landscapes and concerns, we have chosen to reduce our exposure to Monero. This decision aligns with our risk management strategy in the face of changing market dynamics.

Convex ($CVX) : Our assessment has led us to reduce our position in CVX. This decision is based on a reevaluation of its performance compared to other assets in our portfolio.

Additions and Increased Exposure:

Optimism ($OP ): We are excited to announce the addition of Optimism to our portfolio. With its focus on scalability solutions for Ethereum, Optimism aligns with our outlook on the future of blockchain technology.

Arbitrum ($AR ): Recognizing the growing importance of layer 2 scaling solutions, we have added Arbitrum to our portfolio. This move aims to capitalize on the efficiency and reduced transaction costs that layer 2 solutions offer.

Aave ($AAVE ): Aave has consistently demonstrated innovation in the decentralized finance (DeFi) space. We have increased our exposure to Aave to capitalize on its evolving role in the DeFi ecosystem.

Reasoning and Outlook:

Market Trends: Our decisions are informed by a deep analysis of current market trends. The evolving landscape necessitates agility, and we believe these adjustments position us strategically for future opportunities.

Risk Management: The reduction in exposure to certain assets reflects our commitment to prudent risk management. Diversification remains a cornerstone of our strategy to mitigate potential downsides.

Evolving Ecosystem: The blockchain and cryptocurrency space is dynamic. Our additions align with our anticipation of the continued evolution of layer 2 solutions and the growing prominence of projects contributing to DeFi.

What's Next:

We will continue to monitor market developments and adjust our strategy accordingly.

Stay tuned for further updates as we navigate the ever-changing crypto landscape.

I hope everyone had a lovely holiday!

We got a late present and it seems like patience is finally paying off.

Fingers crossed 🤞

$FXS had its halving event and is soon going to release frax chain. The chart looks amazing too and I think it'll break out soon.

I will rotate from $DYDX into Frax Shares on a break out or dip.

Wishing you all the best and that the last days of the year treat you well :)

$FXS

Frax is an interesting DeFi ecosystem including a stable coin, an AMM, a lending platform, a bridge, and $ETH liquid staking.

It is a bit more extravagant and complex but has been around since early 2021. So it existed during the Luna UST frenzy and survived its collapse which makes me hopeful it won't follow the same path.

The chart shows a strong trend with dips bought up quickly.

This is the kind of price action I like to see.

For now, settling above 9$ would be a strong positive signal.