LBI earnings and holding REPORT | Year 03 | Week 02
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.
Earning this week have been ok and a little higher than the average for the past few months. HIVE content has been our biggest earner bring us 660 LEO worth of rewards, leo.voter came in second at 212 LEO and LEO curation comes in third with 182 LEO earned.
It's interesting to compare LEO earnings between leo.voter and LEO curation which is essentially comparing earnings from 10k HIVE POWER vs 200k LEO. With the Leofinanace team aiming to 2-3x their daily users in 2023, increasing the Leo.voter stake could be a good plan for us and maybe one of the best ways for us to increase LBI's income. If there are 2-3x more daily users, i would assume our curation rewards will decline as more people are sharing the pot.
This week i will take our liquid LEO balance and transfer it over to CUBfinance to be added into the LEO/BNB LP. The APY is still over 25% and the price of CUB at around 2 cents has been consistent so we can expect this APY to hold for a while.
Not starting any new HIVE powerdown so we can delegate more to Leo.voter and increase our LEO rewards from that. I plan to keep 1300 HP in reserves that will be used for curation and can be accessed without a 5-day cooldown. HBD is doing its thing, compounding at 20% per year. I am still adding HBD from content rewards to the saving wallet as we might beable to convert it to HIVE at a later date for more than today.
No changes in our HE holdings.
Our non-HIVE holdings has done ok this week, everything is up a few percent and holding nicely. I converted most of our defi earnings into BTC this week for the 3rd week in a row and we now hold 1/2 of 1% of a BTC. It's not much but it's a start and it'll soon grow.
Next week, you will notice a $500ish jump the LEO/BNB LP value as i move funds around. This will increase harvests by a little bit and I'll bebale to buy more BTC each week. Ideally the target is 0.1 BTC before moving onto something else. 0.1 BTC might not sound like alot but that would currently represent almost 10% of LBI's total value so it's alot for us.
LBI token price is up some this week so the price of LEO declined a tiny bit. In the short term, I will be focusing on increasing our earnings from leo.voter on HIVE and stacking BTC off HIVE.
Im seeing alot of great news coming out about LeoFinance with them ditching the idea to have a secondary token for PB. I think this is a good idea and using 1 token for both platforms will reward those that have held LEO from $1 better than an airdrop. Im sure alot of people are pissed they will not get the airdrop they have been shilled for the past 2 years as they invested into at 20x today's price but that's crypto. Khal announced everything way too early, shilled it and now they've changed their minds. In crypto, announcing something that is not built yet and planned to release in 1-2 years will never work as planned because crypto evolves too fast. Anyways, all in all, im glad PB will be using LEO because it might provide us with a way other than curating to earn from LEO.
Thanks for taking the time to read this weeks report. Have a great week.
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
