GambleFi Portfolio | Bought Some More OWL!
Still plenty of things going on in the GambleFi space and I continue to accumulate and collect earnings each week with an eye to grow them again.
Sx.Bet (SX)
I'm sticking to holding just 25000 SX which I will hold at least for years as a long-term bag and I will see further based on the data how to move forward. I really like the product itself (even though it's not something I will use that much) and the potential but the reality is that the adoption still needs to happen while the fully diluted market cap is already 100 Million with a lot of those coins yet having to be released. So the overall betting volume and revenue going up doesn't directly mean that price or earning will go up.
APY on this one naturally will be lower compared to the other projects as there is a lot less counterparty risk since they aim to become fully decentralized. Things are also settling a bit as the new revenue share system just got implemented.
25k Staked SX gave a total of 11.81$ in passive returns last week and from what I understand it is set by now at 100% of the revenue. I still need to check if that 11.81$ is still getting the 20% cut for the validator taken out or if that already is calculated into the numbers.
Owl.Games (OWL)
While I don't like the social media censoring, the hight 7% cut that is taken from getting to buying to having it staked, the rather poor team communication, the manual adding of the reward pool which was halted for a week and rather unclear rules of how much is put in there, the fact that tokens need to be deposited, ...
The product itself I like to use (mainly poker), the returns are very nice, & the valuation isn't crazy so I added a little bit more getting myself from 400k OWL to 500k OWL which wtill is a relatively small investment. This should give a total around 25$ a week from this one.
Dividends were back this week and I'm looking forward to the increase from 20$ to 25$ next week.
| Date | Hold | Invested | Value | Week Divs | Total | % recov | Total |
|---|---|---|---|---|---|---|---|
| 08/08/2023 | 395k | 1954$ | 1850$ | 13.76$ | 21.9$ | 1.12% | -82.1$ |
| 15/08/2023 | 400k | 2084$ | 1867$ | 20.40$ | 42.3$ | 2.03% | -171.1$ |
| 22/08/2023 | 400k | 2084$ | 1911$ | 20.80$ | 63.1$ | 3.03% | -106.3$ |
| 29/08/2023 | 400k | 2084$ | 1950$ | 0.55$ | 63.6$ | 3.05% | -66.7$ |
| 05/09/2023 | 500k | 2636$ | 2437$ | 20.30$ | 83.9$ | 3.18% | -115.1$ |
** the High 7% cost to go from buying to having it staked and the 5% tax to sell is fully included in the numbers.
Rollbit.com (RLB) & Rollbot/Sportsbot NFTs
The burn continues to be an insane 0.245% weekly which means that price going up doesn't mean that the marketcap goes up. These are some insanely bullish tokenomics while RLB also has some use case aside from the buy back & burn function. In that regard, as long as Rollbit keeps going strong it should be a good long-term holding even though it doesn't directly give returns.
NFTs also have been doing well but they are so expensive that a big part of the potential buyers are pretty much cut out and it would be nice to have some kind of split in order to make them affordable again even though I don't know how that would work.
Overall, I have done well so far on Rollbit (even though it doesn't nearly compare to the loss I took on OPENBET). For now I just hold on and I might convert some earnings into RLB as a long-term bag using it in the Lottery with an eye to take profit in case there is another big pump.
Sportbet.one (SBET)
There actually was an increase in users again for SBET and I hope that trend continues.
Betfury.io (BFG)
There was a slight increase for BFG last week but nothing to write home again as the long-term trend still feels like things are going down.
APY Based on Current Price and Dividends from the last 7 days
All these numbers are based on prices of Monday
| Project | APY |
|---|---|
| Sportbet.one (SBET) | +36.45% APY |
| Betfury.io (BFG) | +28.45% APY |
| Rollbit.com (RLB) | +23.50% APY |
| Owl.Games (OWL) | +47.84% APY |
| Sx.Bet | +21.55% |
Note: Token prices going up or down have a major influence on the actual returns going forward either amplifying them if they go up or destroying them when the price would dip. These are my personal numbers and RLB varies based on the trait of the Rollbot NFTs you own.
Personal Gambling Dapp Portfolio
I was back above 200$ in passive earnings this week and I hope it will continue to go up. I'm currently holding 5M SBET | 500k BFG | ~6000$ worth of Rollbot NFTs | 500k OWL | 25k SX . I'm still looking to diversify with other good gambling dapps that pay the losses or fees from the gambler to those holding a token. Anyone that has tips on this, please leave a comment below...
Crypto & Blockchain-Based Bookies and Exchanges that I'm personally using with some allowing anonymous betting with no KYC or personal restrictions...
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