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.
I missed posting last week due to family commitments, but dropped the amounts into discord. The long story short for last week was a big drop in value, across all holdings. Lets see where we are this week.
Position changes this week:
I am slowly unstaking a little BXT each week. There is no intention to pull the pool liquidity, it is there for the long haul. The main goal for this wallet is yield, and there are better options for us than staked BXT. The main target for growth at the moment is the HIVE/SIM pool currently. No other moves this week.
Current holdings:
SPS/BNB pool - $903 (down $14)
SPS/HIVE pool - $884 (up $4)
SPS/ETH pool - $954 (up $7)
SIM/HIVE pool - $168 (up $26)
BXT/HIVE pool - $870 (up $30)
Staked BXT - $221 (down $10)
HIVE Power - $218 (up $5)
vexPOLYCUB - $40 (up $1)
ETH liquid - $27 (flat)
BNB liquid - $6 (down $2)
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 - $1367 - 32%
BNB - $458 - 11%
ETH - $501 - 12%
HIVE - $1179 - 28%
SIM - $84 - 2%
BXT - $656 - 15%
vexPOLYCUB - $40 - 1%
Commentary:
A small gain after last weeks dramatic drop. For those not in discord, last week the wallet value dropped by $740 over the week. The market was not kind, with our key assets HIVE and SPS hard hit. It has been nice to see things stabilise, and we print a small gain this week and look forward. The plan is to continue to unstake a small portion of the BXT each week, and build the SIM pool gradually.
It was great to see the midweek guessing game post return, organised by @no-advice. The guess the price token is now RUNE, which we hold some in the @spinvest main wallet. RUNE has captured a lot of attention lately with some new products launched and a return to bullish sentiment in an otherwise lacklustre market. These content posts help keep the dividend flows happenings, and I'm pleased to see that post return. Thanks to all that support @spinvest with a little of your voting power each week, it is always appreciated.
Totals and conclusion:
- Total asset value last week: $4251
- Total asset value this week: $4284
- Weekly gain/loss: again of $33
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.