You've gotta consider that there's more to LBI than just purely comparing your own active curation returns with theirs.
One of the cool things about LBI is that by holding the token, you're gaining exposure to more than just LEO.
Just take a look at the fund's holdings in the latest earnings report.
Hive related:
- LEO for curation.
- wLEO for ETH LP rewards
- HIVE for curation
Off platform related:
- CUB
- BNB
- BTC
- ETH
- even USD
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Yes, I get all that. That's why I own over 3000 LBI. :-) I'm talking about the fact that they're in the process of "testing" the LeoFi leasing project to see if by leasing some extra LeoPower at around 15%, they make more than that by using it for curation.
In other words, just for ease of numbers, say they earn 200 LEO a week on 10,000 LP by using it for curation. So, it would stand to reason that if they could lease 10,000 LP for 150 LEO a week, they could do all the same curation and earn 200 LEO - 150 LEO paid = an extra 50 LEO per week.
But, it hasn't really been tested yet. Theoretically, the numbers make sense. But I was waiting to see what the results were before I tried it myself.
The other unknown is how much activity is happening in LEO each day. If I understand it correctly, the rewards pool gets divvied up between all the different curators and authors on a daily basis. So if there is a lot of activity, the rewards for each particular user can be smaller. If there is not a lot of activity, the rewards for each user would be larger.
That's why when you peruse the pending payouts on your posts (alliteration... :-) ) they can move up and down during the day as the algorithm calculates the percentages.
I could be wrong but...that's how I understand it.
Anyway, it is why I'm waiting for the LBI token to give their feedback on how the leasing is working.
@taskmaster4450 may already know the answer but I'm thinking the post should come out shortly in the weekly LBI update.
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How much are your returns on LBI for 3000?
Right now, dividends are around 4.5 LEO per 1000 LBI you hold.
But remember, the value of your LBI tokens is backed by the fund, so their price also goes up.
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Wow, 3k LBI is quite amazing!
I have like 1% of that lol
It's a great project thou, so I do plan on increasing my holdings there
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Anything you have is creating a steady return. By putting forth the effort to accumulate more, it only enhances the entire ecosystem.
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I think the payouts on Hive use a 3 day moving average. I am not sure what they are on the trines but I would presume somewhere near the same.
As for the activity, you are correct. The less VP used on a given days votes, the more valuable. If someone starts vote a great deal of activity from the day before with a large amount, then it can change things.
So yes it is fluid.
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Certainly a lot of reasons to hold the LBI token.
Over time, the goal is to keep things growing. It is slow in the beginning although the returns so far look good.
Give it a couple more years and we will see a very healthy fund.
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