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The BRO Phenomenon

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Adrian
@gadrian
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Almost a month ago I wrote a post about alternative passive investments for HIVE.

I thought it was a good time for me to check how returns for projects and products that are related to HIVE in one way or another (mainly from my list I compiled then) were doing.

As more and more people become fascinated by the defi component of Splinterlands (for good reason), one project may fly under the radar: @BROFund.

I included it in my post from a month ago, but even then I escaped one important aspect of it, of which Raymond reminded me in a comment:

Don't forget that we're the only token that hasn't lost to hive since the crash. In fact, we've moved from 4 Hive to now 7 Hive since Hive lost its value

BROFund

And, after seeing Raymond's comment from back then, I had to go check the price of BRO during the past 30 days. Here it is:

Comparing the increase in the price of BRO over the last 30 days (the lows, to avoid anomalies introduced by huge wicks), it's a 67.82% rise, from 4.91 to 8.24 HIVE.

The increase is in HIVE, not in USD, and HIVE has been on a downtrend recently.

But when most Hive-Engine tokens are taking a beating, to be decoupled and forge your own path is rare. Even SPS and DEC from Splinterlands struggle to overcome market conditions.

Although I don't directly buy BRO because my goals still need a lot of focus until the year-end, I do have a sizeable delegation (for my holdings) going to the project, for which I receive BRO in return, daily. And BRO pays HIVE dividends weekly, as I mentioned in my post from last month, and these small returns in HIVE add up toward my HIVE Power goal.

Now, is BRO better than something like SPS-SWAP.HIVE, which pays 76.62% APR currently?

I don't think so, even though its price increased by 67% in HIVE in the last month. It's just... different. For a long-term hold, I really like BRO. It doesn't have the liquidity Splinterlands tokens have, so I'm not sure what are the options if someone wants to sell a high quantity of BRO. But I believe it's a solid project, and apparently, the market agrees.

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