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 up which is great to see, the main pushers this week were CUBlife and content for both LEO and HIVE. We have seen a small decline in LEO curation rewards over time as more people are using the platform and rewards are split between more people so it's nice to see that CUBlife is taking some of the brunt of that even if its current boasts in earning or temporary. We can expect to see a small decline in LEO curation rewards but this week but that will be explained in its own post. Anything else is performing consistently and this week has been a good week for us.
Damn, CUBlife this week earned more than LEO content, that's insane. We did over 600 LEO in earnings on Friday, almost a third of our total earnings in 1 day. YTD, we're looking ok, about average and im happy with that.
We've seen a boost in liquid LEO income this week which is nice to see, positive cashflow is always a good thing. Im ok with having 1500-2000 liquid sitting in the wallet but 3000+ is too many, I'll take of that and reinvestment else were. Not much change to the HE wallet. On HIVE, I'd like to powerdown 100 HIVE per week while keeping 10k powered up and delegated to leo.voter as it brings us good LEO rewards, so we need 11,330 HP to start the power up from there.
On BSC CUB this week, i collected harvests and added them into the CUB kingdom bringing us up to over 2000 CUB staked. On PolyCUB, i converted all harvests into ETH/DAI so that $1063 is all profit, all for free. The price of the XpolyCUB tokens has almost doubled from last week and it's are best performer of the week no question. You see ETH/DAI shows as a higher gain but i've added over $600 of new funding into that this week so it's sorta of NA. I transferred the last of our BSC over this week and added that into the BTC/ETH kingdom.
The BTC/ETH kingdom is funded solely from our old BSC kingdoms, PLEO/MATIC is funded solely from our old bLEO/BNB LP and both XpolyCUB and ETH/DAI LP holdings are funded from harvests.
Solid week, always great to see the LBI token price increase, we can see the big jump of 28% in non HIVE wallets this week. This is thanks to polyCUB and it's amazing APY's. WE were much better positioned and prepared for polyCUB compared to CUBfinance on BSC. We are still a little bit off off ALT but we'll get there.
This week marks the end of our first quarter, the results from year start are we or up a little bit, around 4% which is not that good. Infact that's underperforming as 4 quarters of 4% would only be 16%. There is a plan set in motion that should help us to increase earnings, fund growth and dividends as investors love them so much. I would really like to least crack the 2 LEO per LBI token price by year-end, that's my main target and i think it's doable unless some madness happens with the crypto markets outside of our control, some black swam event like i dont know, maybe WW3 are something.
All in all, it's been a good week for us, earnings are up, holdings are good, token price is up, everything is up. Let's hope the trend continues and everything is up, up next week as well.
Have a great weekend everyone.
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
Good news, I appreciate your work. Lets see were we end up towards the end of the year for Hive there is a lot coming down the pike that should help with overall performance.
that's the perfect way to start the morning right there. Couldn't ask for more :)))
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It looks like PolyCUB increased the earnings quite a bit. I think the first year had too amazing of a return so the 4% increase over the quarter isn't that bad when you look out a bit.
Posted Using LeoFinance Beta