Welcome to this weeks LBI token earnings and holding post
What is LBI?
The LeoBacked Investment (LBI) token is the first of its kind, the 1st token to be valued completely in LEO. Each LBI token represents a percentage ownership in the overall fund including all LEO, HIVE, off-chain and wallets operated by @lbi-token. The goal is to provide a community based and ran investment vehicle focused primarily on the LeoFinance community and LEO token. We provide a weekly LEO dividend payment to all token holders whilst also increasing the value of the LBI token slowly but consistently over the long term by only investing into things that will stand the test of time.
LBI is a long term HODL token based on SPI's model. Because these tokens are backed and valued in their primary assets, the value only increases. Think of it as putting $1000 in the bank and earning interest. In theory, you should never have fewer dollars. The $1000 is the LEO you give us to buy your LBI token and the interest is the earnings we produce with that LEO.
Earnings this week have been class and I think this is our highest earning week ever. I say think because im not 100% sure about HIVE earnings because HiveTasks is not working properly and I can only see weekly earnings on HiveStats. Either way, HIVE earnings were alot this week and to can see equals about 3/5's of income.
Just as an interesting short exercise, let's look at this week's earnings and what if we were able to maintain this amount for 1 year. We would have LEO earnings of 140,400 which is a huge number. When this is divided by the fund value, we end at 25.6% which is really good, better than I would have guessed to be honest. From that 140,400, 84,240 goes out as dividends and operator fees leaving 56,160 equaling closer to 10.5% for reinvestment. When we factor in non-HIVE earnings which had around 980 LEO this week and which yearly are worth around 10.2% of the fund, we end with total account growth of 20.6%, split almost evenly between LEO income and non-HIVE (defi) growth.
With LBI's growth target of 20% per year, we are just scraping it. We've already grown much more than 20% this year, remember back to year start and the target for year end was 2 LEO per LBI. Anyways, if we can maintain this sort of level of earnings, we'd end the year with a bang for sure.
Finished the week again with a little higher LEO balance than last week which is good. From this week 100 HIVE power-down I converted around 30 into HBD and added that to whatever HBD we earned from content and added 50 HBD to our saving wallet. This week we got our monthly HBD interest payment and that was worth 23 HBD and not bad for nothing, it'll be higher next month 😁 I converted the remaining 70 HIVE into near 700 LEO.
Our HIVE POWER balance is declining slowly as we are earning closer to 90 HP week. We might need to adjust the next amount because i can only power down the balance over 10,000 as that delegated to leo.voter. Not much change with HE tokens other than UTOPIS is tanking super hard.
This week i took all our harvests and converted them into 50% bHBD and 50% BUSD to add into the CUBfinanace farm. Im look at EMP and thinking maybe it time to move a chunk of that back into CUBfinanace. My problem is non of my wallets are intacting with CUB kingdoms. When i try to deposit, withdraw or claim rewards, i get a metamask request for 0.44 BNB and a warning there is a high chance the transaction will fail. I think most of us will have gotten on of these at some point. This limits us to farms so a stable farm is looking cool at 30% for next 6-12 months.
Overall and looking at the %'s compared to last week, it's been a steady week, the BNB drop is just because we dont hold that much and we use around 0.01 BNB per week on transactions.
We finished the week with the exact same price as last week, the fund is worth more LEO but over 2 decimals, it's not enough. Earnings this week has been really good and just to note, last week I said this week would be a double dividend but it's just normal because we've seen uploaded a vote to decide on wether to hold off on dividends for a while are not. The last dividend will be double I guess.
A little bit fo bad news, 1 of the content writers, @l337m45732 has gone down from 2 days per week to 1 day due to growing commitments within LeoFinance and his own project. We will see his content on Thursdays with Tuesday now being available for anyone who what's to fill the spot and produce content for LBI.
Lastly, we are currently still running the vote to Suspend dividends for growth | YES or NO, if you earn more than 10 LBI tokens, please go and check it out and the related posts. There are still a few days left to vote.
Thanks for checking this this weeks report, i hope you have a great weekend.
Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI
Posted Using LeoFinance Beta
