Whenever a LENM token is sold by us on the market, 100% of the proceeds are powered up on the account @liotes.fund. This fund is the backbone of the project and it is planned in a manner that it will never be powered down.
In addition to the LENM tokens that are sold, the fund grows also thanks to a constant reinvestment of the profits. Around 30% of the weekly income from the delegated hive power is reinvested into the fund. But that is not all because there is also the organic growth of the stake that adds close to 3% APR to the fund just for the sake of being staked.
The income generated from the delegation of the hive power of the liotes fund is distributed as follows:
- 30% is reinvested in the fund
- 40% is used to burn LEN tokens
- 30% is invested in 2nd layer investments
When you look at the evolution of the liotes fund over the last two years, you can see that not only this fund is growing constantly but that it is growing faster and faster.
In the past weeks we have sold a considerable amount of LENM tokens on the market. This has the effect that an always bigger amount of Hive Power can be delegated out and the income generated gets bigger and bigger. What has to be said in this respect is that the return of our delegations have gone down slightly over time. This is mainly due to the fact that the APR for curation on hive has the tendency to decrease over time.
The numbers of this week
During the last week, we managed to burn again 60% of the weekly supply of LEN tokens. We also noticed that the quantity of LEN tokens that are not staked in diesel pools is actually decreasing for more than 5 weeks in a row. This is in fact very positive.
Please consider voting for the Liotes HIVE Witness
Liotes
A project run by @ph1102 and @achim03
At the moment there are 74 LEN tokens in the prize pot for the Liotes Power Challenge.
The growth is amazing, and it is nice that the Hp on the account would never be powered down. I long term we will have a big whale on our community isn't it?
together we can. : )
!PIZZA !LUV !LOLZ
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It will take some time to get a real whale account but the idea is correct :-)
It's nice to see things go up. Just wondering, is the 2nd layer tokens that profitable? Or are you putting it into the diesel pool?
We have almost no 2nd layer hive-engine tokens. The second layer that we speak about is another account that acctually accumulates Hive Power. You can check it under @liotes.vibes. It's a 2nd layer fund regarding the organisation of our project.
I am impressed that you guys have diligently stuck to your plan of reinvesting and growing the fund. Which 2nd layer HIVE tokens has the fund reinvested to though? I don't think I see anything on the fund account.
It's a bit confusing I agree. Actually we have the 1st layer fund (@liotes.fund) and a 2nd layer fund (@liotes.vibes) that is funded with the return of the delegations. Everything is in Hive Power on these accounts. We own almost no 2nd layer hive-engine tokens at the moment.
You know I have been with you since the beginning and will continue to be. What else is there for me? There is nothing else on the horizon that works as well. 😎👍
!BEER
It's always nice to hear such things :-)
It's true and friendly to hear but also a fact. If you know of a better project, let me know :)
Great progress thanks to your excellent work.
Liotes is a great and consistent project, congratulations.
!PIMP
You must be killin' it out here!
@edgerik just slapped you with 1.000 PIMP, @liotes.
You earned 1.000 PIMP for the strong hand.
They're getting a workout and slapped 1/1 possible people today.
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Thanks for your kind words :-)
Great work guys. Steady progress 🙌
Thanks man!
Great work and thanks for always giving timely updates!
You are very welcome :-)
I've been very happy with the LEN:LENM liquidity pool, I've been purchasing LENM from time to time to continue adding to the pool. !BBH
@liotes! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @ironshield. (1/50)
I saw that you have quite an interesting position in the pool :-)
Great work on managing a sustainable fund with good growth rates. :)
Thank you!
Wonderful growth seen and it's definitely down to the great job you've done!
Keep it up! 💪
Thanks for your kind words :-)
Thanks for the good work! :)
You are welcome!
$PIZZA slices delivered:
@ekavieka(4/5) tipped @liotes
!LOLZ
View or trade
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