Welcome to this weeks update from the @spinvest-leo account. This wallet manages a small portion of the overall @spinvest fund, and sends HIVE back to @spinvest each week to contribute to the pool of funds for dividends. This wallet is managed by @jk6276. The main focus of this account is to generate yield to contribute to the weekly dividends for holders of SPI tokens. 50% of the income generated each week is sent to @spinvest to contribute to the weekly dividend. Primary holdings are positions in SPS liquidity pools, other BeeSwap pools, along with some Hive engine based investments.
Position changes this week:
During this week, I have slowly started to re-enter the BXT/HIVE LP. Basically, how I run this wallet is that all rewards from the LP's are collected and swapped to HIVE. The halfish get converted off Beeswap into liquid HIVE, and stay there till Saturday (my time) when I do this report and send the liquid to @spinvest to contribute to the dividends.
The remaining HIVE on Beeswap gets allocated to the LP positions. Now I put half into the BXT pool each day (roughly 5 HIVE per day) and the other half into whichever of the main pools (SPS, SIM or ZING) is at the lowest value each day. BXT value dropped a fair bit this week, and it is well and truly in my buying zone. Any time BXT drops under $0.40, I consider it a strong buy.
Everything else has remained unchanged this week.
Current holdings:
SPS/BNB pool - $1465 - down $69
SPS/HIVE pool - $536 - down $45
SPS/ETH pool - $1483 - down $81
SIM/HIVE pool - $532 - down $22
BXT/HIVE pool - $9 - up $9 (reentering)
ZING/HIVE pool - $566 - up $8
Staked BXT - $590 - down $230 (ouch)
Staked LEO - $15 - no change
HIVE Power - $309 - down $15
Miscellaneous - $75 - no change
(vexPOLYCUB, liquid ETH & BNB)
Asset exposure
Using the above values, and splitting pool positions into their components, we can calculate the total exposure to each asset for this wallet.
SPS - $1742 - 31.22%
BNB - $741 - 13.27%
ETH - $779 - 13.95%
HIVE - $1131 - 20.26%
SIM - $266 - 4.77%
BXT - $595 - 10.65%
ZING - $283 - 5.07%
LEO - $15 - 0.27%
vexPOLYCUB - $30 - 0.54%
Commentary:
A big dip overall this week. SPS is down a little, HIVE is down a little, BXT dropped a lot. This tends to happen every now and then with BXT. It slowly climbs over a period of weeks, then dumps back down to around $0.40 quickly. It feels like you could buy at 0.4, and sell at 0.5 every month (using swaps, not the orderbook). No matter, it still pays over 20% yield at the moment, so short time price is just for accounting purposes. It does present an opportunity for those paying attention. If I has spare liquid funds in this wallet, I'd add to the staked BXT stash.
Not much else to report this week. Income is down a little on last week. Last week had a larger than usual post payout in it, plus the yield in the ZING pool is slowly dropping. That is to be expected, it is still super high and should come down over the coming weeks/months.
Totals and conclusion:
- Total asset value last week: $6035
- Total asset value this week: $5580
- Weekly gain/loss: Down $455
72.885 HIVE sent to @spinvest for weekly dividends. This is a drop of 7.751 from last week.
Thanks for taking the time to read our weekly update. If you would like to learn more about @spinvest, and the $SPI token, check out the main account and review the weekly update post.
This post written by @jk6276 who will receive a 50% beneficiary from any post payout.
Posted Using InLeo Alpha
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