Hello and welcome to this weeks LBI Holdings and Income report. LBI is a pooled investment token based on HIVE with a range of assets backing its token. Each LBI token represents a share of the assets, and the value of that share is published daily on inleo.io as a thread. All you have to do is check our profile page to find the most recent "Asset backed Value" for the token.
LBI has just recently come under new management, and we are working on raising its profile, converting it into a token that shares a portion of its income each week with token holders, while also selecting investments to maximize growth. LBI's roots are firmly planted in the @spinvest ethos of "get rich slowly". We don't chase amazing returns and massive gains, we look for solid investments, long term growth and the magic of compounding.
It has been a very interesting week in crypto, let's take a look at how it has played out for LBI's holdings.
Here are the asset prices at the time of this report:
And here is the link to last weeks report for comparison:
HIVE Wallet
Added almost 60 HP this week, which is better than what we have been doing over recent weeks. Trying to get an extra post out each week, to help out here. Bit of a value drop for the week, as HIVE has slipped from $0.514 to $0.441 over the week. HBD remains unchanged, and I continue to pull 0.8 HBD each day out of interest to add to the income distribution wallet. Overall, a satisfactory week.
HIVE Engine wallet.
5 INCOME, 20 BXT and a few thousand PIMP added for the week. We also gain around 1 BRO per week from our HP delegation. GIFU is performing well, and while it does not provide us an income, it looks to have been a nice addition to the wallet, having doubled in USD value since we bought it. With our HBD unwrap due to start soon, I'm likely to add to BXT and INCOME mainly for this wallet, but will consider adding other income producing assets.
@lbi-eds wallet.
As always, our most predictable wallet. Added close to 25 EDSI over the week, which is exactly where it should be. You can read more about this wallet in this post I put out a couple of days ago.
@lbi-dab wallet.
This week was 8 DAB and 22 DBOND added to the wallet, which is a little less than last week. still building for the long haul, but the RUG price has not been great (especially when compared to HIVE), and it's return has dropped a lot over recent weeks. I'm still happy overall, and the yield is still decent for RUG. We will continue building our DAB position, and may consider adding more DBONDS with some spare funds if the price is good.
@lbi-pwr wallet.
PWR has been sitting a bit over it's "peg" which is a great indicator of confidence and support for the project. The addition of staking has added a new dynamic. For now, we have been getting a decent return on our staked PWR, and the pool is still doing well for us. Add in the daily reward for our HP delegation and we are growing this wallet steadily and predictably. 25 HIVE value added for the week.
Off chain
I shifted the small amount of liquid BNB onto Hive Engine this week to add to our income generating assets. Only a couple more days till our HBD unwrap begins.
Totals
This week sees a drop in the USD value of our fund by $4651 - to be expected with the drop for HIVE in price. Our HIVE value is up a bit, and the LEO value drops slightly. These short term value changes are all part of the process, the fund is set up to grow over the years, not week to week.
Income statement.
Another good week for our income, up a bit on last week and averaging over 100 LEO per day. No tricks involved here, last time we where over 700 per week I was selling some of our weekly DBOND, and more HBD to achieve it. Now it is all organic, which makes me happy. Looking forward to watching this grow to exceed 1000 LEO per week.
Nearly 300 LEO (worth $14.62) sent out as dividends this week to LBI holders. The LBI/LEO liquidity pool is still yielding 17% - paid in LEO tokens, and those LBI in the pool do not miss out on these dividends as well. Finally, we burned another 4.89 LBI this week.
Conclusion.
It's been a nice, steady week with income doing well, but a drop in value over the week. All our growth plans are on track, and we are well set up for the years ahead. Really looking forward to the HBD unwrap commencing. This will give me some extra funds each week for a while to boost our income producing positions.
We are in good shape.
Thanks for checking out this report, and keeping up to date with how LBI is tracking.
Cheers,
JK.
Posted Using INLEO
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