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LBI earnings and holding REPORT - #22

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Welcome to this weeks LBI token earnings and holding post

What is LBI? The LeoBacked Investment (LBI) token is the first of its kind, the 1st token to be valued completely in LEO. Each LBI token represents a percentage ownership in the overall fund including all LEO, HIVE, off-chain and wallets operated by @lbi-token. The goal is to provide a community based and ran investment vehicle focused primarily on the LeoFinance community and LEO token. We provide a weekly LEO dividend payment to all token holders whilst also increasing the value of the LBI token slowly but consistently over the long term by only investing into things that will stand the test of time.

LBI is a long term HODL token based on SPI's model. Because these tokens are backed and valued in their primary assets, the value only increases. Think of it as putting $1000 in the bank and earning interest. In theory, you should never have fewer dollars. The $1000 is the LEO you give us to buy your LBI token and the interest is the earnings we produce with that LEO.

Well folks, hare we are again at the end of another LBI week. This week we've seen a sharp decline in HIVE content earnings, this is because i missed days posting last Sunday. LEO content earning are down 80 LEO and HIVE content down 220 LEO. These amounts are much more than the rewards from 1 missed post so maybe it was a slow week are something. Maybe because the market tanked last week, rewards are being adjusted and stabilized. I would assume HIVE decline over the past 10 days has been more than LEO decline and the HIVE/LEO ratio has decreased meaning less LEO for HIVE we earn. If that is the case, this will become the new normal as we head further into thebear market. Luckly, our HIVE POWER that we have delegated to leo.voter pays us directly in LEO and the ratio is not important for this.

CUBlife is preforming well after reallocating some of its funds to another farm and the bLEO we unwrapped from the bLEO/BNB LP we have is up 50% on last week so we're doing ok. It's mainly the HIVE to LEO ratio that has hurt income this week. On the flip side, for the past year, it has been increasing our earning. Now the market is reversing, i'd predict our earnings will as well. I not see us ever getting to under 1000 LEO per week but we'll see what happen. This might not sound good but it's all swings and roundabouts, we'll earn less LEO but it'll be worth the same or more if converted to HIVE or dollars.

It's taking forever to get enough HIVE POWER to start a power down. We're still 150ish short to start the 1300 power down i have planned. We have 75 HP delegated to cublife and lbi-payments and then around 10,140 HP delegated to leo.voter. I put the leo.voter back to 10,000 freeing up 140 HP in 5 days time. This week i added 25 HBD to savings as that what we had, i'll guess next week will be the same and then from the following week going forward, we'll be able to save our target of 50 HBD per week as HP power-downs will be getting paid out.

UTOPIS has stopped paying out dividends so i might consider dumping tham as once projects go downhill, they rarely return to good times. When the only use case is to earn dividends and it stops paying dividends, it's time to jump ship and move on.

Defi and non HIVE assets are holding up ok this week. The market has been down and up again this week and it's finishes about break even with 7 days ago at the time of filling out the report for LEO,CUB, BTC and XpolyCUB. However our wallet is up alot this week because the price BNB has performed very well and is up 6-7%. This is good for the LBI token price because now the BNB parts of our LP tokens or worth more in LEO.

We almost got the 2 LEO but we finish the week at 1.99 LEO per LBI token. LBI tokens really are xLEO. We might see this dip a little bit but that's how it goes when we are moving 5 steps forward and 2 steps back as we flow the cryto market swings. I added the yellow arrows to show our fund growth pattern. We increase for 3-5 weeks and then decline for 1-2 weeks.

Maybe next week, we'll see 2 LEO LBI tokens but we have to hit a decling week soon and this is our 3rd week of growth so either next week are following.

Overall this week has been stress free. BNB going up has been a blessing and helped to hedge against the decline in our HIVE holdings against LEO. Sometimes, things just happen and when we lose in one hand, we gain in the other.

Thank you for taking the time to read this weeks report, dividends should already have been sent out and have a great weekend everyone. Let's see 2 LEO LBI for next!

Get LBI on LeoDex - https://leodex.io/market/LBI Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI

Posted Using LeoFinance Beta