Hello and welcome to this SPinvest post
SPinvest is a tokenized investment fund/club for all users of social blockchains. Everyone is welcome! The concept of SPinvest is to get rich slowly by using time tested methods of earning, saving and compounding long term. This lets SPinvest offer an ROI of 20% per year on SPI tokens. We encourage long term investing on and off the blockchain. We hope someday everyone will HODL some SPI tokens that can be bought directly from @spinvest are through the hive-engine
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By now we have all heard about defi, heard about all the easy flowing money and heard about all the scams. It has been playing on my mind if SPinvest should get involved are not. When we think about it, defi is not a new thing, it's just got a new image since Uniswap 1st appeared and all these food token farms started to pop up. SPinvest is sort of a defi project itself. We are an investment club that pays out weekly dividends while growing the value of our token which also acts as a governance token through club voting.
SPinvest is already involved with providing liquidity for wLEO through its SPEW pool ran by @jk6276 over at @spinvest-leo were we have 10 ETH covering the other side of around 24k wLEO. Using our ETH for this pays better than holding with Celcius. This is a relatively safe investment for us as our investment is ETH, we're not staked to a time limit and Uniswap is sort of the gold standard place to use for providing liquidity. There's not a lot of risks here but at the same time, rewards coming from fees are not that good and LEO rewards are what is making it worthwhile for us.
With that in mind and the fact that I play with some defi stuff myself, I thought SPinvest could make a small penny from the craze by providing liquidity to a pool. I don't see us ever farming one shit coin for another but providing liquidity we can do with less risk. I took $400 of our Tether balance (1% of the fund) and have put it to work providing liquidity on the same set up as out SPEW pool. Now, don't hate on me but I do my defi on TRON and TRX is the token i use. I know a lot of people will not like that but compared to ETH, the transactions are pretty much free and they take 15 seconds to confirm. Justin Sun is a prick for sure and at this point, I think TRX would even do better if he walked into the sunset to never return but it is what it is. Lots of people hate Mark Zuckerberg (moley wee twat) but Facebook has over 2.6 billion monthly users.
We got 15,000 at around $0.026 per TRX for $400. I am not going to say which pool i have entered us into because i fear others will see the profits we are making and we all know as more people join the pool and provide liquidity, the smaller the cut of the fees come our way. We'll say we are invested into token 1 and TRX. I have been holding token A for over a month in my personal bags.
I found a liquidy pool that had only $15,000 worth of liquidity against $80,000 worth of daily volume. This is what we call a cash cow because the daily volume exceeds the liquidity provided, this creates lots of earnings in fees as it takes less to own a bigger slice of the pool.
So, I tested it out around a week back for a day and made a few TRX. I exited from the pool and have been watching it since. The liquidity provided by others has never exceeded $20k and the daily volume has increased to $100-120k per day so i jumped back into the pool 3 days ago. Here are the amounts added to the pool.
55,499 token A matched with 30,300 TRX
SPinvest owns 25% of this investment which looks to bring in around 250 TRX every day as passive income, it works out to around 300 HIVE per week. We can see from the numbers above, SPinvest has already made 983 TRX which is worth $26.05 are 171 HIVE at the time of writing. I don't expect the party to last long before a whale spots it and wipes us out but make hay when the sun is shining I guess. The ROI, by the way, is around 608% so not too shabby for us with our 20% per year target.
Anyways, I thought I would let you guys know that we are now invested into a TRX liquidity pool. At might least a few days, weeks are month so we need to see how i go about reporting this into out holding.
Feedback, questions and thought welcome
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SPinvest's content is contributed by @silverstackeruk, @underground, @no-advice, @metzli & @taskmaster4450
Today's post comes to you from @silverstackeruk