Congratulations on the SPI lottery win @shanibeer. Ideas on how to invest it?
After some engaging with two OG members of our Hive blockchain, I have elected to start investing in BXT - the base token of BeeSwap. I have invested in both the LP, as well as staked some. In equal amounts. Then I will compound the earnings over time ...
That is an impressive EDSD goal. I am also looking at this a little more closely. Seems a better investment than simply putting HBD into savings. I might have to change up my savings objectives. I guess that is allowed ...
I will be interested to see what you have to say in the future about your impressions from attempting to use the InLeo UI.
Yes, BeeSwap looks interesting and provides value, great to support that. LP = liquidity pool?
EDSD - a slightly different investment to HBD. As I've said elsewhere, it combines saving for now with saving for later. Certainly long-term it probably offers a better return than HBD, while maintaining a comparable liquidity.
I'm just thinking as I'm writing this that there's an argument for putting more HBD into EDSD!
Yes. I spend a lot (too much?) of my crypto time in these "virtual worlds" focused on DeFi (Decentralized Finance) and mistakenly took for granted that acronym was known.
Yes, agreed on the appeal of EDSD. As mentioned, it looks more promising, in some regards. It is only the dependence on a person that gives me pause. A good one to be sure, but ... HBD is backed by code, as is the case with much of DeFi (at least the portions of that world into which I am willing to invest my hard-earned $$s).
Okay, I checked because we also have LEO POWER LP.
Dependence on one person? Are you talking about silverstackeruk?
In terms of reputation, ssuk has about seven years track record of looking after other people's assets. There is a leadership group in place for spinvest, a small group of people including me who have been working together for five years. There is also a contingency plan in place should anything happen to ssuk. He's very accessible and responsive to any queries, either through the spinvest server or DMs. Please do reassure yourself by contacting him directly @SSUK on discord.
Hmmm. Guess its my turn to ask what that is - also a liquidity pool of some sort?
Yes, I am definitely not intending to impugn his reputation. Or the team who works with him ... While you know him far better than I, he is somewhat known to me via the Man Cave and the various interaction which goes on "in there" in the Dragon Lounge channel.
If I did not have a pretty good impression of the man, you and I would not be having this "conversation." 🫡😉
LP is the acronym for LEO POWER, like HP for HIVE POWER.
I took it as healthy and robust due diligence 🤑