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:
What a nice week it has been, with it feeling increasingly like we have shifted from bear to bull market. Previously, we started re-accumulating LEO tokens and during this week I have delegated the stake to @meowcurator. I have no plans to actively curate with this position, so delegating to earn curation rewards from a service like meowcurator makes sense. It is still just a small position to begin with, and the LEO tokens are just coming in at the moment from the HP delegation to @leo.voter, plus any post payouts as they come along.
In the last few days, I have opened a new position also in the ZING token. I've been playing around personally, and feel that the ZING/HIVE liquidity pool is a perfect fit for this wallet. All I am doing is adding the 50% compounding funds each day in to the pool. I have not moved the HP delegation to build a stake, I will simply, slowly scale into the pool by small daily additions. DCA all the way, so that when (and yes it will happen) the ZING token price drops significantly, we just keep DCAing to build the position over time. The daily LP rewards will add to our daily income, and hopefully continue to grow in the short term.
Current holdings:
SPS/BNB pool - $942 - up $134
SPS/HIVE pool - $636 - up $92
SPS/ETH pool - $1018 - up $142
SIM/HIVE pool - $586 - up $44
BXT/HIVE pool - $619 - up $49
ZING/HIVE pool - $5 - New position
Staked BXT - $292 - up $22
Staked LEO - $4 - up $2
HIVE Power - $322 - up $28
Miscellaneous - $76 - up $7
(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 - $1298 - 28.84%
BNB - $478 - 10.62%
ETH - $542 - 12.04%
HIVE - $1245 - 27.67%
SIM - $293 - 6.51%
BXT - $602 - 13.37%
ZING - $3 - 0.06%
LEO - $4 - 0.09%
vexPOLYCUB - $36 - 0.80%
Commentary:
Up all round this week, and we have popped back up to 4.5K value, which is personally quite exciting for me. This was the wallet value when @silverstackeruk sent us some top up funds back a couple of months ago, and it was feeling for a while like that had been a waste. To get back to that value makes me feel a little better, like those funds were not a mistake.
Great to have such a positive week, and I'm looking forward to seeing what next week brings. Income is down a little on last week, but that is due to last week having a bigger than normal post payout in it. Yields from all our income sources have been steady, and I'm looking forward to watching the little ZING position contribute and grow over the coming weeks.
Totals and conclusion:
Total asset value last week: $3975
Total asset value this week: $4500
Weekly gain/loss: up $525 😍 🤑 😎 🎉
Total income generated - 60.74 HIVE (down 15.054 from last week)
30.37 HIVE sent to @spinvest for weekly dividends, down 7.527 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.
