Update time for LBI

Let's see how this week has gone for our holdings and income.

Here are the token prices at cut-off time for this report:

And here is the link for last weeks update for comparisons.

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Assets.

@lbi-token

As the unwinding of the @lbi-leo wallet is now underway, the first batch of the LEO power-down has been moved over here. These LEO will be delegated to our friends at @centtoken and will earn a small weekly yield. LEO is downgraded in our structure to being a minor holding, but we will hold what we have long term. While I've shifted our focus away from the LEO community, I do still think that of all the things Leo has done, LEODEX still has potential to bring significant benefits to the LEO token. Not much other changes for this wallet, I have tipped a little more into HBD savings, but not a lot.

@lbi-eds

Added a little HP this week, and likely to add more as we unwind the LEO wallet. Not much news, but we did cross a milestone for EDSI this week, surpassing 10,000 in EDSI tokens in our wallet. Only @mathfortress (with way more miner tokens than us) and @spi-store hold more EDSI. I am tempted to swap our EDSD over to HP and delegation. With HBD interest rate dropping, the math adds up - provided HIVE at least holds around $0.06. It could be a great move if HIVE increases, adding a lot of value to our wallet. If HIVE drops further, it would be a bad move. 1000 EDSD would convert to over 16500 HP, so it would be a big move. Anyone have thoughts?

@lbi-dab

The DAB wallet chugs on. I don't plan on staking any more DAB, preferring to let the liquid total grow to hopefully increase our income yield. I'm considering shifting to all liquid DAB, and target income of growth for the wallet. Waiting for SSUK to get back to me on the long term future for the project. It works well, but I know his heart is not in it like EDS, so it would not be a surprise if it gets wound down at some point, like so many other HIVE projects have been. The combined asset value in this wallet has tipped over 30,000 HIVE, and we are the largest holder of RUG, and DBOND, and number two, closing in on our mate @ecoinstant for DAB.

@lbi-cent

Not much news for us with this wallet this week. With the move to SWAP.HBD as our base token for yields, I have been pulling 0.3 SWAP.HBD per day out as income, and compounding the remainder of our yields. This is still working nicely for us.

@lbi-leo

Unwind mode for this wallet, with the LEO and HP both in power-down now. The LEO will all be re-staked in our main wallet, and delegated as mentioned above. The HP will go wherever I think it is needed. As a reminder, this wallet still holds significant amounts of TNVDA and TGLD, but they are no longer worth putting on our balance sheet. They do still have some value, but selling them in one hit isn't an option. I just swap a little whenever I want some funds for other things. At this stage, @leostrategy have become a joke more than anything, so I'm not holding my breath on any turnaround. The sad part is that they raised vast sums of money from investors, well over $500,000, and hold just $78,000 worth of LEO to show for it. What a destruction of value they have turned out to be.

@lbi-three

THREE withdrawals from in-game to Hive Engine are getting closer. The UI has this updated now, but there are still bugs and it is still in testing. Once they are live, we will be moving a little of our THREE income each day out to put into the liquidity pool with HSBIDAO. As far as the game itself goes, we are still on top of the leaderboard, but may not be for much longer. @abrockman is closing in fast on our position, and growing much quicker than we are at the moment. I could add funds to buy more tokens to protect our lead, but I think for now we will just work with what we have got.

@lbi-bbb

Our protocol owned liquidity wallet has been steadily putting more of the LBI tokens bought back into the LP's. Deep liquidity is a goal for us, to make the LBI token as accessible as possible.

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Totals

We gain a grand total of $5 in value across the week. 😆 I'll be sure not to spend it all at once. Still, up is up and after the week from hell a couple weeks ago, I'll settle for a week where we don't lose.

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Income

Our income looks totally different this week. It's our first week of collecting income as SWAP.HBD and an interesting base for us to see where we are really at. I'll work on making it clearer next week. Miscellaneous is the biggest contributor, that mainly comes from HIVE post payouts and from delegations earning liquid HIVE. The LEO wallet will disappear. 12.343 HBD for the week doesn't seem like a lot, but it gives us something to work on. First goal is to build it up a bit. If HIVE price improves then our income will also, as much of our income is in HIVE and converting it at higher prices will mean we get more HBD.

The dividend bot is still being worked on to get it right for sending SWAP.HBD instead of LEO. Not quite working yet, so I've set aside those funds. 1.95% yield (when it can go out) is better than last week, so the swap to HBD hasn't hurt really. 11.625 LBI burned for the week

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Conclusion

We are in a transition phase of moving away from being LEO based and into a more broadly focused holding with SWAP.HBD as our base token. Value for the week was flat. The div bot should be back up and running soon, so hopefully those div's will go out within the next day or two. You should see a test transaction, and then I'll send the actual div once we are sure it is working properly.

Have a great week.

JK,
@jk6276 for LBI.