LBI Weekly Holdings and Income report - Year 2, Week 18 - week ending 30 November 2025
Welcome to this weeks LBI update post. Missed a report last week, so all comparisons are to the update post from two weeks agoLot's going on in the world of LBI, so here goes.
Token prices at report time:
ASSETS
@lbi-token wallet.
A new position has been opened up here. Hive's layer two projects are becoming increasingly difficult to find actively managed and growing projects to invest in. BRO/LGN had a melt-down, We exited BXT as it's founder is closing DCity and is very disillusioned by all things HIVE. One project has stood out for a while as pushing on with no signs of fading away, DUO. So I've bought an entry position, and set up a plan to buy more everyday.
We are back to the plan of building positions in a layered approach, to grow assets and eventually income. I've set up some HP delegations which both pay daily liquid HIVE income. This income does not go to our income wallet, instead it is used to buy DUO every day. The DUO then will produce income. So we expand our balance sheet by using one asset to grow a second asset, and then income will grow over time from that.
The other big change in the last two weeks is a decrease in our HBD savings. I pulled a chunk out and used those funds to buy TGLD from @leostrategy. I know there are very mixed opinions of this project, depending on if you are a HIVE person (that doesn't trust LEO) or a LEO person that thinks HIVE is going to zero. LBI has a foot in both camps, which I think is costing us as I'll discuss further on in this report. In any case, this is what I have done - traded HBD savings for TGLD, staked on day 1 for maximum yield.
HP increased over the last two weeks by around 150, which is nice.
Value of this wallet is down over the two weeks from a combination of the HBD being re-deployed elsewhere, and HIVE's price drifting lower.
@lbi-leo division.
The changes here include a decrease in our staked LEO. We have finished our latest power-down, and hold 100,000 LEO staked and delegated to @lstr.voter. For this report, the LEO liquid includes funds that were liquid in @lbi-storage and our Arbitrum wallet. TGLD is the other big change for this wallet, and it represents a significant position for us, worth nearly 12% of the total fund. Expecting mixed opinions on the move, so let me know in the comments. My reasoning for making this move was to lock in a decent APR bonus on day one, and position LBI with a long term exposure to Gold price, while boosting our income. Time will tell if @leostrategy works out and TGLD can maintain it's "peg" to GLD over time. Judge the investment if you wish, but only time will tell if it was a good move.
After all that, the total wallet value is up a little. LEO is down over the two week period, but the extra funds used to buy TGLD have made up for it.
Off-chain holdings.
I pulled our LSTR pool, and used those funds in our TGLD move. Values are down a lot here. Started to rebuild a little LEO stake position on Arbitrum, and had to re-do the LEO pool position as it had dropped out of range. Since this cut-off, I have added more funds back into the LEO pool, as I was having issues with Uniswap and not able to do anything. @askrafiki gave me some pointers and I was able to fix my issue.
Yield has been ok from the pools, and they add to our weekly income despite the value declines. Next weeks update will give a clearer picture of how these positions are going.
@lbi-eds
The most boring wallet, it just does what it does every week. We are gaining lots of EDSI from the EDSD wallet while HIVE is low in value. Over the last two weeks we have gained 105 EDSI in total. Not much else to say.
@lbi-dab
Another wallet with nothing much happening. We grew by 50 DBOND, and 100 DAB over the last two weeks. That's 75 HIVE value growth per week, completely passively. Income has been a bit patchy, but any missed payments are always caught up.
@lbi-pwr
I've ended the delegation from the @lbi-token wallet, so this wallet is now fully self sufficient. I'd like the pool position to be bigger, but I add a little every day so that will have to do for now.
@lbi-cent
CENT has dropped a bit over the last two weeks. Our pools have lost value, and we are down a bit on this investment. As a reminder, we set this wallet up with 5000 HIVE, so as you can see it's struggling a bit. However, we spin out some income every day, and compound a bit each day back into the pools. Another position where time will tell if it was a good move, or bad. It's quite a small portion of our fund, with the whole wallet only being 1.36% of our assets, so I'm not too concerned.
Totals
Total fund is down around $4000 in value. The main cause is LEO's significant drop from it's recent highs.
A reminder that all the LSTR tokens (TTSLA, TGLD, SURGE) are counted in the LEO tally here, as they are all essentially "backed" by LEO tokens. The biggest shift here is the drop in USD asset share, mainly as a result of the HBD unstake.
Income report
The good news part of the report - we made more LEO this week than we have for a long time. 665 LEO income for the week. As you can see, our off chain pools brought in the most, despite the volume traded through these pools drifting, and the size of our positions decreasing. TGLD will however become our biggest source of income, as yield only started on Wednesday.
$17.88 worth of LEO has gone out as this weeks dividends to all LBI holders. The yield is still small, at a sub 2% APR, but we are a growth fund with some income. Nearly 300 LEO sent to the @lbi-pool wallet to fund liquidity provider rewards. With LBI being so cheap on the market lately, I have used a small amount of LEO to buy LBI and add it as a little bonus pool reward.
9.575 LBI burned this week, which is the highest single week burn I can remember. Thinking of changing the income split on a temporary basis to increase the burns while LBI is so cheap. What would you think of pulling 5% off the LP rewards to make the burn 7.5% (maybe do this whenever LBI is priced below it's asset backed value??)
Liquidity update.
A total of 21,256 LBI tokens are currently in liquidity pools provided by LBI holders. This represents around 10.88% of LBI's total supply. Volumes have been slower lately, and the prices for LBI across these pools have been trading consistently way below the asset backed values.
Check out our pools on Beeswap or Tribaldex to consider the options.
Conclusion.
I've been thinking a fair bit lately about the price, and value that LBI has in the Hive layer 2 marketplace. We are obviously valued currently by the market well below the asset backed value. I think the biggest weakness we have is that the LBI token is not really appealing to new investors. We have a big problem, in that our target market won't buy in for one reason or another.
HIVE people won't buy LBI, as many don't trust LEO and what @leostrategy is doing. They see what is being set up as little more than a ponzi, and have no trust in LEO, bringing up previous missteps regarding the CUB failures.
LEO people won't buy LBI as it's not LEO enough. By maintaining a sizeable asset base of HIVE related tokens, we alienate the LEO faithful as there is a prevailing view there that HIVE is in a downward spiral and LEO is the only way.
LBI is too LEO for HIVE people (I'd love a dollar for every time someone has said to me they would love to buy LBI, but won't because of the LEO exposure)
LBI is too HIVE for LEO people. A number have sold out or downsized to buy @leostrategy tokens and because we are not LEO enough.
LEO is so polarizing, I'm not sure how to navigate through this.
Anyway, thanks for checking out this weeks update. I know @jocieprosza has some thoughts to share in the comments. All input and feedback, positive or negative is welcome. Even a simple "HI" is welcome so I know people have actually read my work here.
Cheers,
@jk6276 for LBI.
Posted Using INLEO
LBI Token Analysis: Value, Marketplace Role, and Investor Appeal Challenges
LBI operates as a diversified investment fund on the Hive ecosystem, holding assets across Hive layer 2 projects (e.g., DUO, EDS, DAB, PWR, CENT) and LEO-related tokens (e.g., LEO, TGLD). Its total fund value is down ~$4,000 to around $XXX (based on your Nov 30 charts), primarily due to LEO's price drop from recent highs, offset somewhat by new positions like TGLD (now ~12% of assets) and DUO buys via HP delegations.
Marketplace Value in Hive Layer 2
In Hive's layer 2 space, LBI stands out for its layered, passive growth strategy: using Hive HP income to acquire DUO (a resilient L2 project amid others like BRO/LGN failing or BXT winding down), then leveraging those for yields. Off-chain pools (LEO/Arbitrum) and on-chain holdings (e.g., +150 HP, +105 EDSI) generated 665 LEO income (~$17.88 distributed, sub-2% APR), with 9.575 LBI burned—the highest weekly burn yet. Liquidity is solid at 21,256 LBI (~10.88% supply) across Beeswap/Tribaldex, but trading volumes are low and prices lag asset-backed value (e.g., consistent undervaluation despite diversified portfolio).
This positions LBI as a "growth-with-income" vehicle in a niche Hive L2 marketplace that's shrinking—fewer active projects mean LBI's multi-asset approach (Hive + LEO exposure) could capture value as survivors like DUO consolidate, potentially boosting yields over time. However, overall Hive L2 adoption remains low, limiting LBI's scale compared to pure LEO plays.
Investor Appeal Issues
You're spot on about the polarization: LBI's hybrid nature creates a "too this, not enough that" dilemma.
Hive Purists' Hesitation: Many view LEO/@leostrategy as risky (citing past CUB issues, ponzi fears). LBI's ~12% TGLD stake and LEO delegation amplify this, despite your balanced diversification (e.g., HBD-to-TGLD swap for gold exposure and day-1 APR). Result: They skip LBI for Hive-only assets, missing your passive compounding (e.g., +50 DBOND/100 DAB weekly).
LEO Enthusiasts' Disconnect: LEO holders see Hive/L2 as declining (e.g., your HBD unstake reflects this shift), so LBI's 1.36% CENT allocation or Hive HP feels dilutive. They prefer pure LEO bets like direct TGLD, leading to sell-offs during LEO dips.
This splits the audience in a fragmented ecosystem where Hive vs. LEO tribalism dominates. LBI appeals to neutral, long-term holders seeking 1-2% yields + growth (e.g., daily DUO buys, pool rewards), but lacks a clear "hook" for newcomers—perhaps emphasize its burn mechanism (your 7.5% idea when LBI < asset value sounds smart, tying burns to price floors) or LP bonuses to incentivize liquidity.
Suggestions to Boost Appeal
Time will validate moves like TGLD/DUO, but navigating polarization might require clearer messaging: LBI as the diversified survivor in Hive L2. Great update—curious on @jocieprosza's take. (No financial advice.)
Thanks for the detailed update, @jk6276. Solid moves on DUO and TGLD—layered buys and day-one staking sound smart for long-term growth. The 665 LEO income is a win, especially from pools. On the polarization issue, it's tough but maybe lean into LBI's bridge role: neutral exposure to both ecosystems could attract fence-sitters tired of the HIVE/LEO divide. Increasing burns below asset value (like your 7.5% idea) might signal commitment and boost appeal without alienating either side. What do holders think?
HI from me—appreciate the transparency!
Great update and your conclusion is spot on. I personally keep trying to be somewhat active in both worlds. I do get the feeling from both sides sometimes that you need to choose one or the other. Not quite what I was hoping to experience when I joined up 7 some years ago.
It's frustrating, I get that people got burned from past things LEO has done. There are critiques of current things (like Leostrategy) that have some validity, but they are still trying to grow and improve things.
On the flip side, LBI has really done exactly what LEO itself has done. We capped token supply, implemented a burn mechanism, and sought external income to bring in to the LEO economy. The lack of interest from the LEO community is frustrating, given we have just done the same thing as LEO (in fact most of this was done before LEO did the same.
I get frustrated with both sides, grateful to have people like yourself and @bozz around that can appreciate the middle ground.
I shared my weekly gains of LEO for pooling and holding LBI on threads. I'm not real influential there but who knows. :) Not sure I should share it on Snaps though. Might get some anti-leo backlash. lol
Rafiki thinks LBI could be a bridge between the HIVE and LEO divide.
I'm not convinced, I think feelings and opinions are way too entrenched on either side.
What would you think of a split? Turn the fund into two funds. One with all the LEO assets (retaining the name LBI), and a new token (HBI??) holding everything else (EDS/DAB/PWR/etc). It would pretty much split it 50/50. I know people that would definitely buy in to the HBI one without the LEO connection, and the LBI side would become more LEO maxi. Just a thought process I'm kicking around.
You are right, there are personalities in high places on both sides that will probably never come to any consensus. None of that helps us little guys. I guess in a way it's a lot like real life. lol
A split does seem like a good thing to consider. I would support it if it seems like the only path forward.
Thanks for the update. It's tough to see the price of LEO declining against HIVE again. I know some of it has to do with the price of HIVE going down, but it was pretty solid around .9 for a while there. You bring up some good points about the double edged sword of LBI.
Yeah, feels like LEO is drifting. Leostrategy has a big chunk of funds still to deploy into buying LEO, but they seem to be being real strategic and buying slowly to get more cheaper. Fair play I guess, but LEO up around 0.9 - 1.1 was more fun.
Don't know how to navigate the pro/anti LEO divide. LBI is kind of on the fence in the middle, and no-one likes a fence sitter it seems. Feels like there is very small middle ground to appeal to.
I guess if you had to pick a side it would probably be LEO since the token is LBI, but you might see a lot of people dump due to that. Maybe they should buy SPI if that is the case.
I think you answered your own question in the post!
Thanks for the report @jk6276 and for the ping. This reply might seem a bit off, because I'm in the middle of drama right now, I just hope it won't hurt LBI.
I might surprise you to not be against your recent moves, if you see potential in them.
I was waiting for this report, because we need to think about our relationship with Hive and of we do have an alternative.
These issues are valid, because I don't like what I'm hearing about Hive recently. I'm not dumb enough to think these voices would be there if Hive's price was better. However, people seem discontent with Hive whether it's some bloke posting Actifit or a major developer.
My reasoning, since it's financial operation, we need to put emotions elsewhere and calculate the risks. If we have an alternative, we should prepare the landing site for any possible outcomes.
If we decide Hive is our only valid option, we need to think what to do increase our chances of us not loosing. How to help Hive and eventually how to help ourselves.
I don't know if it's powering up more Hive (since it's cheap) or it's supporting some burn proposal. We need to have a brainstorm on the issue to weigh our options if we have any (maybe our holdings are to small to distort anything).
"I talked to a guy', who said projects/dapps won't migrate to other chains because it requires substantial amount of development work and not many people outside Hive know how it operates. But he agrees Hive is facing low user retention.
Is there a way to improve things for us?
Interesting, you are right, I am a little surprised. I do have some things I'm watching closely as their are risks involved in Leostrategy's set-up that are not being considered enough, but I do think that if they get it right, and can generate income at a decent rate then the model will work. LBI mainly now holds the yield bearing tokens rather than LSTR itself.
As to the bigger HIVE issues, yes I also share concerns. I'm seeing lot's of doom and gloom, and the bull-market (that seems to be over) has completely passed us by without a benefit. Whether LBI can do anything about it, I doubt to be honest. Our HP is not significant enough to influence governance, and powering up more now seems risky.
I won't be surprised to see HBD fade next, and the interest rate set by witnesses drop significantly.
Moving elsewhere, well were do we go? Assets and investments can be shifted off-chain into other things, but moving the token itself would be above my pay-grade. I'd need help from people that know what they are doing, and it'd likely cost a bit. Is it worth it for a $30K fund?
LBI is a passenger on the HIVE rollercoaster, like it or not. We can make some moves to try and get a better seat, but at the end of the day, if HIVE goes down, we go down with it.
Thanks for the thoughtful comment, and the surprising lack of disapproval of recent investments like TGLD.
Cheers mate.
great to see LBI still going! I'll have to get back into it.
We are still alive and kicking mate. Would love to see you get involved. DCA a little into the pools, and compound the yields to build over time.
Hope life is treating you well mate,
JK.
I think you're doing quite well, and I wouldn't get caught up in the market noise. Money is money; perhaps you should look for returns outside of Hive and LEO.
I haven't done well outside of HIVE to be honest. Spent ages diving into the Cosmos eco-system, (ATOM, OSMO and a number of others) and it all went to sh1t.
Probably should just buy BTC and ETH and then come back in 5 years.
The numbers are good, even though the market is bearish. If we see a return to upward trends, the token will grow significantly. The important thing is to continue increasing its assets. Sooner or later, the market will recognize its value.
Our assets grow each week, even if the value does not. I'd like to think the market will value us appropriately at some point, but is there enough people interested to even notice? Not sure.
All I know is that if I had some spare funds, I'd be buying as much LBI as I could at these prices.
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