My Biggest DeFi Week Ever! | DeFi Journey #29

Every week, I track my DeFi positions, share the wins and losses, and reflect on what's working. The goal isn't just to show numbers but to build a transparent record of the journey. This week absolutely shattered my expectations. This week I earned $264.34 in DeFi fees, which is my highest weekly earnings ever since I started this journey. For perspective, my previous record was Week 25 at $126.36. And what is dumbfounding me is that this happened in September, the month that is historically the worst-performing month for crypto.

Week 29 TLDR

• Total Fees Earned: $264.34
• Positions Entered: 3
• Positions Closed: 1
• Strongest Performer: USDT/STBL on BSC

This week, the new USDT/STBL position absolutely dominated with $185.57 in fees and accounted for over 70% of my total weekly yield. This is a new position in the portfolio after news broke earlier this week that the ex-Tether founder was partnering with Binance on this. Sometimes the market rewards you in ways you never see coming.

Open DeFi Positions

Here are the positions I am in and what I'm learning from each:

• USDT/STBL (BSC) --- The absolute beast this week at $185.57 in fees. I entered this position after seeing lots of chatter on Twitter, and it was offering a very tasty yield. This is why DeFi can be the best and most volatile, as sometimes the best trades are the ones you least expect.
• USDC/AERO (Base) --- Still solid at $26.14 in fees and up 27.32% total since August. I decreased this position size by 50% to farm more profitable positions on BSC. For the first time in a while, it wasn't the star of the week, but consistency matters. This position built the foundation that let me take risks elsewhere.
• WETH/USDC (Base) --- Contributed $19.14 in fees while being down 2.82%. Not every ETH pair prints money in short timeframes, but steady income is steady income.
• AVNT/USDC (Base) --- Another new volatile newcomer added $14.10 in fees with 19.81% price appreciation. This is another unexpected position, with me tailing the perp dex narrative season that is happening in crypto at the moment. And so far, it's proving to be profitable.
• ARB/USDC (Arbitrum) --- The stain on my portfolio, with it only bringing $7.89 in fees while down 9.13% overall. Still, fees are fees, and diversification means not every position needs to be a winner.

Closed DeFi Positions

One position closed this week, for good reason:

• USDT/APX (BSC) --- Opened on Saturday morning when everywhere on Twitter was shilling $ASTER. On PancakeSwap, there was a DeFi position of USDT/APX, which is the previous name for $ASTER. I opened the position and farmed $11.49 in fees in 6 hours and closed the position for an 18.38% overall gain. In hindsight, I should've stayed in instead of exiting when $ASTER hit $1.2 price, but profit is profit.

Looking Ahead

Source

Week 30 is going to be interesting. I'm no longer sure which position will carry the portfolio, as this week proved my assumptions wrong. The FMOC meeting wrecked havok on my portfolio at the beginning of the week with ETH and ARB positions being down by $230. But then the opportunities presented on the BSC chain over the past few days have offset those losses and some.

Concluding Thoughts

$264.34 in a single week feels surreal, but what's wild is that it came primarily from unexpected coins and chains. That completely changed my perspective on what drives yields in DeFi. It was about being in the right place with enough liquidity to farm positions and chasing the volume. More volume = more fees = more DeFi rewards/yields. Sometimes the market rewards patience... sometimes it rewards volatility... and sometimes it rewards the positions you least expect to perform.

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Thank you for reading, and hope you have a good rest of the day!

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