LBI 2025 goals check in.
At the start of the year, I made a post looking at where we planned to take LBI this year, and put some goals in place for the fund. Well, it is time to check in with those goals and see how we are travelling.
The goals were first set out in this post early in the year:
https://inleo.io/@lbi-token/lbi-2025-plans-epz
Then we did our first progress check mid February:
https://inleo.io/@lbi-token/lbis-2025-goals-progress-report-jj1
So how are we tracking a couple of months down the track?
Goal 1: 35,000 total HP, adding 13,000 over the year.
This goal is a long way away from being achieved. At the start of the year, we had a bit over 22000 HP in the main wallet. The EDS wallet already had it's HP set up, and wasn't included in this target - so to be fair I'll continue that trend. What didn't exist was the HP in the PWR and LEO wallets, so those I'll count in the tally. So, all up in the three wallets being included in this, we are close to 25000 HP. 10K to go, with almost 1/3 of the year gone already.
So we have added around 3000 out of the 13000 targeted increase for the year. This is not too bad, and by increasing the priority I place on HP growth maybe the goal is still achievable. It is likely that to get there I'd have to sell some assets or change things around a bit. We won't be gaining 10K HP by organic means, it'll have to come up with something to boost our growth.
This goal was rated AT RISK in our last update, and that rating remains today.
Goal 2: 2500 BXT (up from 1122 at the start of the year)
Well, good news on this front - the target has been achieved. We currently hold 2750 BXT tokens, surpassing the original target. In even better news than that, BXT has been a very solid performer for us, and could be considered one of our most successful holdings to be honest. At the start of the year, BXT contributed just over 17 LEO for the week to our income wallet. Last week BXT contributed 212 LEO in income - currently earning a 16% APR. In that first goals post at the start of the year, BXT was priced at 1.45 HIVE each, today it is 1.83.
I'd like to add more BXT to the wallet over the rest of the year, maybe just another 250. It is a very reliable performer, and we have built a strong position in the token so far. It is generating for us 2.2 HIVE per day in income - completely passively for us. The thing I like most about BXT is that the yield is real, it is not from inflation, but from people actually paying for a service. I'm low-key surprised that the price has not climbed more, but 1.83 HIVE each and yielding 16%, paid daily in liquid HIVE is pretty awesome if you ask me.
This goal has been ACHIEVED for the year.
Goal 3: 300 INCOME (up from 138 currently)
Not such good news here, as the INCOME project is being wound down and closed. We have sold ours completely, and have exited this investment position. It was good while it lasted, and we did come late to the party.
This goal has become IMPOSSIBLE due to the ending of the project.
Goal 4: 2000 EDSI (up from 427 currently)
We are growing currently by 20 EDSI per week. EDSI that come in above that amount are sold to buy more EDSD, and build that up. So we sacrifice a little (3-6) EDSI weekly growth in the short run to build up another way to mint them in the long run. On the down side, we are not on pace to hit the target without changing plans. I did add a few hundred more EDSMM tokens, but at our current pace we will probably only get to around 1500 EDSI by year end.
Need to find a way to add 500 extra EDSI in to hit this target. It may be possible to buy these off the market, but we would need 500ish HIVE to do so. Gotta figure this one out a bit better.
This goal is now AT RISK without changes to the plan.
Goal 5: 7000 DBOND (up from 3200 currently)
More good news - this target has been achieved. We currently hold over 7300 DBOND, and have bought many over the last couple of months. Money was freed up from a number of spots, and there is regularly many DBONDs available on the market at (or under) the 1 HIVE "pegged" or more accurately "asset backed" value. Anyway, we have hit the mark, and achieved the goal. I'd like to boost it up to 10K, but that is not really a priority in the short term.
This goal has been ACHIEVED
Goal 6: 3000 Total wallet HIVE value for @lbi-pwr (up from 1477 currently)
To be honest, this wallet has gone up and down like a yo-yo. The liquidity pool has been great, but on several occasions I have pulled funds out of it to put into other things. It's been used and rebuilt, used and rebuilt at least 3 or 4 times. However, the project itself is strong, and looking good for the long run. We grow quickly, with around 6.5 Hive value gained per day. At the moment, I pull 2 out as our daily income, and compound the rest between the pool and growing this wallets owned HP. Current wallet value is 2346 HIVE, and overall we are on track to pass the 3000 this year.
I'd actually like to do much better than 3000, and will keep adding funds were I can to grow this wallet bigger.
This goal overall is ON TRACK if I can resist the urge to tap into the liquidity for other things.
So, those are the six primary goals we set at the start of the year. Two have been achieved, one is dead, one is on track and two need more work to get on target.
Overall, I think LBI is in good position for the long run. Someone asked me the other day what our four year plan is. It was an interesting question as I have not really laid out a long term roadmap. My answer was pretty much compound away and hope HIVE does not die. I guess that pretty much sums it up. Over the coming weeks, I plan to do a post each week in depth about our sub-wallets, and may look to build into it some long term planning and predictions. Keep your eye's open for those posts, and let me know what you think.
For now, thanks for checking out this goals update post, and have a great day.
Cheers,
JK.
Posted Using INLEO
Nice job hitting those goals. I keep thinking I should buy some more secondary tokens, then I remember I want to grow my main account so I don't!
It's always a trade off. Just hold onto your LBI and we'll buy the secondary tokens, then you get the exposure without compromising your main goal.
That's a good point. So I am still just basically passively earning LEO right?
Yes, we take our income, swap it into LEO, and then pay 40% as dividends. Add to that LEO also comes from your LP position. It's not big yields but its passive LEO income for holders.
Looks like you are earning around 75 LEO per week all up from LBI between pool rewards and weekly div.
Ah, okay. That honestly doesn't seem like much, but it is better than nothing!
Works out at over 12% APR for you, given most of your LBI is in the pool. Not much, but better than 4% APR for curation for staked LEO.
True