I think that one of the best Hive Engine based projects is the EDS project. It started from humble beginnings, struggling to sell the initial supply of EDS over many months. A true sleeper project, not many really saw its potential in those early days. Steadily, new additions kept getting built in to it, with two batches of mining tokens doing well (the second batch EDSMM sold really well from memory).
Then along came @eds-vote and finally @eds-d. EDS also has a very popular weekly saving club, where people can share their savings goals and track their progress.
Now, we are at a point where EDS is generating over 650 HIVE per week across its branches and still generating well over 20% apr for EDS token holders. Every EDS token is backed 100% buy HIVE, and the EDSD token is fully backed by HBD.
LBI's EDS position.
A dedicated wallet was set up last week to hold LBI's EDS holdings. It was funded initially with 10,000 HIVE that came from the sale of some BTC the fund held. You can view the wallet at @lbi-eds for yourself.
Position 1
The first step was to power up roughly half of the funds, and delegate to @eds-vote. This is a part of the EDS project that curates and shares half of the curation rewards back to delegators, in the form of fully backed EDS tokens. Now, many curation delegation programs pay out higher, in-fact EDS paying 50% is probably one of the lowest payouts around. However, the other 50% is not lining someone's pocket somewhere, it stays within the EDS eco-system and helps build the income and backing of each EDS in circulation.
So we have around 5000 HP delegated to @eds-vote. This HP will grow at around 3% via inflation, and generate roughly 4% yield as EDS. And it helps EDS grow its income and profit share back to EDS holders, so in the long run it will be good for us as our EDS balance grows.
Position 2
The second part to this wallet, is the HBD backed EDSD token. The other half of our initial funds were converted to HBD and then sent in to buy EDSD tokens. Similar to eds-vote, @eds-d puts all HBD into savings, and then shares back half of the interest to EDSD holders as EDS tokens. The other half goes to improving the asset and income position of the EDS token.
Between these two position, We have started to generate roughly 15 EDS each week, which is 15 HIVE value. added to the fund as asset growth. Not huge in the scheme of things, but its a position that will grow, and generate an increasing income for us each week to build the dividends for LBI holders.
Plans moving forward.
In the short term, my plan is that HBD generated from post payouts on our content will all get sent to @eds-d and added in to this wallet . The short term option would be simply to send these HBD straight into the wallet to go as dividends. But that does not generate long term growth. LBI is about building positions that underpin and ever growing asset backing for the token, and income flows growing over time - not quick fixed.
Ideally, I'd like to add some HP to the wallet, to increase the @eds-vote delegation, and keep building up the EDSD holding as well.
One other source of HBD that will definitely be used to add to this wallet will be the BHBD unwrap once it commences. I'm very likely to put all of it into EDSD. We have a good HBD savings account in the main wallet, I'd love to build EDSD up to match it over time.
Are you a fan of EDS? I'd love to here your views. I think EDS is a great fit for the new direction of LBI, with its focus on long term asset growth, and for us an income that will start of small, but grow to be significant over time.
Thanks for taking the time to read todays post, I'd love to hear from you in the comments below.
Cheers,
JK
@jk6276
To learn more about the re-launch of LBI, here are some recent posts from us: