Spinvest-leo weekly update post - 17 Feb 24

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:

After last weeks major changes, things have settled down a bit this week. As noted last week, yield has dropped again. We have gone from generating 10-12 HIVE per day from the ZING pool just a short while ago, down to around 3 currently. It was fun while it lasted, but was obviously not sustainable.

Moving forward, I plan to build the BXT pool more slowly now, probably just pooling the BXT earned back in with matching HIVE. I'd like to start adding some funds back in to the other HIVE pools, so this one can wait. Still staking 25% of our daily SPS income, and will continue that indefinitely. Looking forward to the airdrop of COLONY starting in just a couple of weeks now.

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Current holdings:

• SPS/BNB pool - $1127 - up $96

• SPS/HIVE pool - $498 - up $26

• SPS/ETH pool - $1116 - up $78

• SPS Staked - $575 - up $43

• SIM/HIVE pool - $493 - up $18

• BXT/HIVE pool - $191 - up $18

• ZING/HIVE pool - $435 - down $20

• Staked BXT - $635 - up $29

• Staked LEO - $25 - up $2

• HIVE Power - $298 - up $11

• Miscellaneous - $57 - up $4
  (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 - $1946 - 35.70%

• BNB - $573 - 10.5%

• ETH - $578 - 10.61%

• HIVE - $1107 - 20.30%

• SIM - $247 - 4.52%

• BXT - $731 - 13.40%

• ZING - $218 - 3.99%

• LEO - $25 - 0.46%

• vexPOLYCUB - $28 - 0.51%

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Commentary:

A nice week all round really. Everything gained a little except the ZING pool. HIVE is up a bit, which helps push all our liquidity pools here up a bit in value. Add to that SPS is up a bit, and the ETH and BNB also gained, helping those pools to put in a nice performance. Overall, we picked up $305 for the week in value, a nice 6% increase.

I see the market continuing its good run, lead by Bitcoin. SPS is likely to keep doing ok, with the COLONY drop upcoming, although GLX (which we don't have any of benefits more). No matter, we have some SPS stake now and will slowly grow this position over time.

The other thing I'll probably start doing is collecting the small amount of VOUCHER tokens we earn each day from staking SPS into a new pool position. It will only be small to begin, but might as well use them and the yield on that pool is quite nice, so why not?

A good week all round.

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Totals and conclusion:

• Total asset value last week: $5145
• Total asset value this week: $5450
• Weekly gain/loss: up $305

xxx 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.

This post authored by @jk6276 on behalf of @spinvest-leo. 50% beneficiary set to @jk6276

Posted Using InLeo Alpha