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Spinvest-Leo weekly update post - 9 April 22

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Welcome to the weekly update post for @spinvest-leo, where I (@jk6276) record on chain for transparency our transactions for the week, and update @spinvest investors with our progress.

POLYCUB

This week, I was able to cut back to just farming and compounding twice during the week, as the reduced yields made more frequent activity unnecessary. For this week onwards, I'll probably just go to once a week, like I do with CUB and other assets. Block rewards have reduced, and the POLYCUB price has dropped again this week (along with the overall market to be fair), so the week has been fairly lackluster.

With the yield on the PLEO/MATIC pool having dropped quite significantly, I am getting a bit twitchy to shift those funds back to CUB where they came from. I'd like to wait till the 60 day period is over, so I'll resist the urge for now and keep the funds in place for now. Hopefully other people make this move, and the APR improves a bit.

This weeks numbers:

Asset Values this week:

  • WMATIC/PLEO pool: $3185.72 (down $548.15)
  • POLYCUB/WETH pool: $571.49 (up $15.33)
  • XPOLYCUB: $645.48 (down $91.82)

MATIC is down 15% over the week, POLYCUB is down 15% , LEO is down 12% and ETH 7% overall in the last 7 days, so it is unsurprising that its been a significant drop this week. Value down 14% overall is in line with much of the alt market this week.

CUB.

  • Farmed a total of 429.917 CUB

  • Swapped half to 194 BLEO

  • Unwrapped this to native LEO - value for dividends = $36.23

  • Added the remainder to CUB/BUSD farm.

Asset values this week:

  • CUB Kingdom: $1682 (down $343)
  • BLEO/BNB: $4597 (down $470)
  • DEC/BUSD: $1488 (down $163)
  • CUB/BUSD: $715 (down $34)

Down, Down, everything red this week. That's how it rolls in crypto some weeks.

SPLINTERLANDS.

  • Claimed a total of 500.971 SPS this week.

  • Staked 250.

  • Sent remainder to BSC.

  • Traded for BLEO - received 136.681

  • Unwrapped to spinvest - value for dividend = $25.42

Asset value this week:

  • SPS staked: $493.55 (down $15.93)

HIVE.

  • Sent 6.999 HBD to Spinvest from post payouts.
  • Sent 28.971 LEO to Spinvest from post payouts.
  • Value sent this week: $12.39 (up $0.32)

Asset Value this week:

  • Hive Power: $188.23 (down $40.92)

Summary

Total asset value this week - $13566.47 Change this week - Down $1691.49

Funds sent for dividends - $61.65 Change this week - Down $10.95

Funds sent from post payouts - $12.39 Change this week - Up $0.32

Wow, pretty sad looking week overall. After a couple of flat weeks, this one stank tbh.

Lets hope things improve next week.

For anyone that wants to check on these holdings, here is the link to debank to keep an eye on the spinvest-leo wallet, all in one place. From next report, I will swap to using it fully for the screenshots you see above, replacing the APY vision shots for Polycub.

Thanks for reading,

JK.

Posted Using LeoFinance Beta