LBI earnings and holding REPORT | Year 03 | Week 05
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.
Earnings this week are on par with what we have been doing the past few months at around 1000 per week. I don't notice any change in the amount of LEO we are receiving from leo.voter but maybe the LEO/HIVE is higher as i see LEO is up 10% on last week.
LEO curation rewards have really taken a massive drop over the past year and 186 LEO into our 203,000 balance is representative of a 4.7% ROI. This is not good when we factor in that LEO inflation last year was over 45%. At this point, keeping LEO staked to earn 4.7% from curation is a losing strategy.
The best course of action would be to wrap the LEO and move it to CUBfinance to 5x our income from it. Take the harvests and bring them back to HIVE, add some more HP to leo.voter, buy some income tokens and convert the rest to LEO to do some curation with.
A few days back i converted all our LEO into HIVE with the plan to move it over to BSC but something stopped me after converting it to HIVE. I had planned to add it to the bLEO/BNB LP on CUBfinance but then i thought, maybe powering up the HIVE and delegating to leo.voter would be better. The balance is still sitting liquid now and im leaning 70% toward powering it up as it would increase leo.voter rewards by 9-10%. Eitherway, you'll know what i did next week.
Converted harvests again this week into BTC. We now have just over 1% of a BTC. It's not much for 4 weeks of saving but it's for free and LBI now has 1% of BTC it never had before. Everything is showing as a negative this week because the price of LEO increase more than the overall market did. BTC/ETH both up 10% on the week but LEO is up 12-13%.
EMP is not doing great and it's got the point were there is no point to pull out. It still produces a decent yield for us each week and if it last through the bear market, it might bounce back. To be fair, it's only down around 30% on the invested amount and we've most likely around pulled that in from harvests. Eitherway, it's been on the decline the best part of 6 months.
The LBI token price took a dip this week as we've seen LEO have performed. Earning were pretty normal and things are running on almost autopolit. There's not much happening with LBI.
I would suggest to think about our staked LEO balance which is our biggest holding earning only 5% from curation into massive inflation. It's not easy to have growth of 20% year on year when the biggest asset is earning only 5%.
Have a great weekend folks.
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
