Hive-engine experiment. We continue descending.

in LeoFinance4 days ago

Unfortunately, our portfolio on Hive-engine continues to decline in value. DeFi investments have been negatively impacted this week by the drop in LEO, which seems quite weak. A few months ago, there were high expectations for staking LEO and receiving USDC, but for various reasons, this hasn't worked out so far. This doesn't mean it won't work, but money is always skittish. As it should be.

Screenshot

The LeoStrategy purchases are large, but not enough to sustain the price, it seems. However, I'm optimistic because as long as there's development in the token, sooner or later the price will increase. Perhaps if the market cooperates, we could see a Christmas rally.
The rest of my pools haven't performed as badly, but since Hive remains very weak, they aren't improving enough. Furthermore, they have a very small weighting, so the lesson is that I should diversify my investments. But since this is just an experiment to learn, I don't have the funds to allocate to it.