Blog 3 – October 2023: The First Purchases RLB & RDNT

First Transaction & Game Plan

The first purchase is fittingly the gambling exchange token Rollbit (RLB). To make this transaction, I used the decentralised exchange Uniswap. Connected my metamask wallet and I swapped USDT to RLB and ensured I had some ethereum for gas fees.

In total there was 1,250 USDT that I swapped for 6,451 RLB tokens, and the gas/transaction cost for the network was 0.007 eth. A full summary of the transaction can be seen here .

I plan to hold this token and “cash out” once we hit peak bull market frenzy stage; which people are suggesting is likely to happen in 2024/25 with the bitcoin halving. Maybe when either bitcoin reaches 100k or when normal people start talking to you about crypto…. Another great rule I’ve heard is to sell everything when you start screenshotting the value of your portfolio to show others. This doesn’t entirely ring true for me however as I’ll be sharing the balance with you each month regardless of what happens.

The Second Pick – Radiant (rdnt)

The next selection for the portfolio has to be something that generates a yield. After all, the goal is to create long term income and that magic $50k per annum. After trawling through many YouTube videos of content creators, I stumbled upon two below that I found helpful.

and the following:

There are a number of positives here that satisfy my criteria. The fact its generating income from money market/transaction fees, atop LayerZero, and the Arbitrum airdrop play in the background.

The Second Transaction

Having decided to pull the trigger, the next step was how? The idea of “looping”, or depositing USDC, then borrowing against it for a borrowing % fee, and staking it all back again for a yield in token (rdnt) that is greater than the borrow cost seems completely foreign to me. In any case, there is no better time to start, and I found the following tutorial helpful on this:

The details of my staking transaction can be seen below:

Radiant Game Plan

I have locked the very small amount of rdnt tokens 410 needed to qualify for the additional yield for a full year. Based on the daily rewards of 2.13 rdnt tokens a day – it works out to a current yield of between 50-55 cents a day / less borrow costs I believe. A year is a long time, but with mass adoption and growth of the platform it could work well. In saying that it may also end up being farmed and just dumped by all involved – which would effectively reduce the value of whatever rdnt yield I accrue anyway. In any case it’s a lesson in looping and yield farming, whilst also using the arbitrum network for the first time. Aware and with eyes open to the risks, I am happy to have this as the second play of the portfolio.


It goes without saying nothing on this site or anything associated with Happy Crypto Wanderer is or should be taken as financial advice. This site tracks the hopeful journey of one everyday punter just trying to live out a dream. Come back here every month so you can track the journey. Any and all feedback is much appreciated. If you feel so strongly that you’d like me to stop at any time, a large enough donation to this wallet  so I can reach my goal could make all this disappear.

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