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. Our current target is to send 100 HIVE per week back to @spinvest. Primary holdings are positions in SPS liquidity pools, along with some Hive engine based investments.
Position changes this week:
No major changes this week. Continuing to slowly unstake a portion of the BXT stake each week, and add to the SIM/HIVE pool. not much doing really, and the market has faded away this week bringing values down across our positions.
Current holdings:
SPS/BNB pool - $863 (down $40)
SPS/HIVE pool - $821 (down $63)
SPS/ETH pool - $910 (down $44)
SIM/HIVE pool - $168 (flat)
BXT/HIVE pool - $803 (down $67)
Staked BXT - $182 (down $39)
HIVE Power - $201 (down $17)
vexPOLYCUB - $39 (down $1)
ETH liquid - $26 (down $1)
BNB liquid - $6 (flat)
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 - $1297 - 32%
BNB - $438 - 11%
ETH - $481 - 12%
HIVE - $1097 - 27%
SIM - $84 - 2%
BXT - $584 - 15%
vexPOLYCUB - $39 - 1%
Commentary:
As we can see, everything dropped a bit this week. The only thing that did not drop was the SIM pool, but in reality it did too as more funds were added, but the value stayed stable. HIVE and SPS declining is the main cause for the drop, but everything across the board is down.
We are still able to ship 100 HIVE over to @spinvest for dividends, so in that regard the week remains a success. Carry on through the bear, and watch for a recovery. Lets hope we can hold over $4k value here.
Totals and conclusion:
- Total asset value last week: $4284
- Total asset value this week: $4019
- Weekly gain/loss: Drop of $265 for the week.
100 HIVE sent to @spinvest for weekly dividends.
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.
