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. Currently, we are compounding all income earned, so transferring funds to @spinvest is not happening. The wallets funds are split between HIVE based assets, with SPS, BXT, LEO, and HIVE stakes, plus a position in the SIM/HIVE liquidity pool. The other half of this wallets funds are in the Cosmos eco-system, building an ATOM stake, alongside DYM and liquidity pools on Dymension.
Position changes this week:
We got our first Cosmos airdrop this week. A small drop of $NIM tokens worth around $25 was received for staking $DYM. $NIM is the first "roll-app" launched on Dymension. It is an AI and gaming project. I have moved some funds around, and picked up extra NIM to position us. It's a high risk play, there have already been technical issues that have a couple of our transfers stuck. These funds are safe, and the team is working on the problem. In total (including stuck funds, we have 2500 NIM at an average price of $0.20 each. Currently they are trading down a bit from this, but I feel that once some early bugs are ironed out, and a couple exchange listings happen, it should recover ok.
Current holdings:
These figures are from Saturday (Australian time).
HIVE Assets:
SPS Staked - $577 - down 34
SIM/HIVE pool - $352 - down 47
Staked BXT - $610 - down 21
Staked LEO - $83 - down 4
HIVE Power - $304 - down 8
Total for HIVE wallet: $1926 - down 114
Cosmos Assets:
DYM/stTIA - $315 - down 243 (funds removed)
DYM/ATOM - $310 - down 204 (funds removed)
DYM/WBTC - $0 - down 208 (all funds removed)
ATOM stake - $212 - up 52 (some funds added)
DYM stake - $677 - down 73
NIM stake - $491 - new position.
Total for Cosmos wallets: $2006 - down 186
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 - $577 - 14.68%
HIVE - $480 - 12.21%
SIM - $176 - 4.48%
BXT - $610 - 15.51%
LEO - $83 - 2.11%
DYM - $990 - 25.17%
stTIA - $158 - 4.01%
ATOM - $367 - 9.33%
NIM - $492 - 12.51%
Portfolio Split this week:
- HIVE: $1926 - 48.99%
- Cosmos: $2006 - 51.01%
Commentary:
Report is really late, and i'm off to work now. I'll say more about NIM and the strategy there soon.
Totals and conclusion:
- Total asset value last week: 4232
- Total asset value this week: 3932
- Weekly gain/loss: down $300
Currently compounding 100%, so no funds sent to @spinvest for 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