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.
Earning are up which is great as we earned just over 2000 LEO this week. A few posts did very well in HIVE rewards and we earned more bLEO compared to last week. There are still problems with unwrapping bLEO to LEO but that's another problem i guess. If we can stay over this 2000 per week, i'd be happy with that.
Token price has increase some and we can see from the chart below that the LBI token price of doing ok with 1.80 being our yearly high. The target would be to hit 2 LEO by year end, seems like lots of time but it'll go in fast.
It's been another week for us. For anyone interested to know if we will be investing into the HBD farm on polyCUB. The short answer would be no because i think it'll be better and more profitable long term to build in our HIVE wallet instead. The HBD pool now is around 58%, so 29% after the 50% cut. In 2 weeks time, polycub rewards will split in 2 again meaning today's 29% will be 14%. This is assuming no more new money enters the pool. I'd put a prediction out there and say the HBD/USDC LP APY will be under 20% (10% after fees) in less than 4 weeks. We'll stick with the HIVE wallet thats currently paying out 20% passively as it's just auto compounds HBD. Collecting harvests that lose value over the course of a few days and having to split and convert them into HBD and USDC so i can create an LP to stake and compound for half the rewards on a blockchain that is terrible does not sound very appealing to me. Passively autocompounding HBD at 20% on HIVE sounds like less work and more profitable.
All in all, it's been a decent week, the total fund is up 3.6% and we hope next week is just as good. Thank you for taking the time to check out the report and i hope you have a great weeke
Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI
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Key takeaway here: Number go up.
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Unless it goes down.. then it doesn't go up but down
Only until it goes up again though
yes, soon up lol
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Soon and most of the time too it's up!
up is good
First of all thanks for the update.
Thanks for the confirmation!
I wrote a little more reasoning. I had to upload before midnight my time and edited a little extra in.
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I agree with your reasoning for staying in the Hive Wallet. The emission rate drop is the concerning part and I wonder if that will affect PolyCUB farming rewards if PolyCUB price stays constant or goes down.
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On HIVE it's completely passive so maximum return for least effort
Back over 2000 is a big step. Glad to see it. We need to keep that going. Hopefully the new authors will bring some renewed attention. Hetty did a great job but a couple new authors might stimulate some different interests.
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Yes, we need to find one more writer for LBI. I guess Monday's post could be made about this and hope we can bag another writer.
Seems like a good topic.
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Looks like a pretty sound and solid result, to me. Looking to add more to my holdings this week, when a couple of posts pay out.
I think it's wise to stay with the HBD wallet, for the time being.
=^..^=
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Thanks for the feedback and nice words.
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throwing some shade at that liquidity pool I see :P now it will be more fun to see how things pan out :)
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I like passive and 20% is hard to beat 🤑