It's update time for the LBI project, with all of this weeks moves, and a detailed look at our income and assets for the week. It has been an awesome week overall. We hit a new record for income generated since the relaunch, and the funds value has increased by $1,000 over the week, thanks to the improvement in HIVE's price.
Anyway, time to launch in to the update.
As always, here are the token values used at the time of this update.
And here is a link to last weeks report for those that like to compare:
@lbi-token/lbi-weekly-holdings-and-income-report-week-8-week-ending-22-sep-2024-5ie
HIVE Wallet
156 HP added this week, from HIVE inflation, curation and post rewards. The main source was a very well rewarded post that paid out this week, and added over 80 HP in one hit. These big post payouts really give us a boost along when they come, and the support is much appreciated.
HBD growth was predictable. We are earn basically 1.7 HBD per day in interest, and take out 0.7 to go to income. So the net gain each day is 1 HBD. Slow and steady here.
HIVE Engine Wallet
150 LEO added this week, from @leo.voter delegation. It seems that issues may have been resolved here, and payouts resumed this week. We received 5 payouts this week, and each is around 30 LEO since we decreased the delegation little while ago. Hopefully things will improve, and we get a full seven payouts this week. 🤞
We have added a little INCOME, BXT and BRO as usual this week, from the HBD post payouts and any spare funds lying around. These are just slowly being accumulated when I can, and contribute a bit to the weekly income. Overall a steady week for this part of our fund.
@lbi-dab Wallet
RUG had a good week this week, minting us over 100 DBOND tokens. Things are starting to move better here, with over seven DAB minted across the week, and the 2 DBOND each day I am selling to add to income getting a better price with the price returning back to the 1 HIVE each mark. It seems that the DBOND I bought a couple of weeks ago has given us the size needed to mint DAB more consistently, so the growth is more visible. Happy with how this wallet is tracking now, compared to a few weeks ago.
@lbi-eds Wallet
Same effect here as the DAB wallet, with the rate of EDS tokens coming in to our wallet being much healthier since the purchase of the EDSMM Miner tokens. We added 25 EDS across the week, which is nice. With a very long runway of tokens allocated to the miners, this wallet will grow quite consistently over the years. I'd like to rebuild our EDSD, but also have lots of other things I'd like to grow, so fitting it into the priorities is a challenge at the moment.
@lbi-pwr Wallet
Nice and consistent here, with around 1.9 HIVE value being added each day, from delegation and pool rewards. This wallet added 12.87 LEO to the weekly income total, from the HIVE portion of LP rewards. Each day I send the HIVE over to the @lbi-income wallet, where all the income gets accumulated. Then I swap half of our daily PWR income (from the delegation and the PWR pool reward) and add to the pool. This will be another slow and steady wallet, but it is really reliable which I value quite highly.
@lbi-sim Wallet
It's the first full week for this wallet, and income is increasing as our average SIM power grows. Still early days, but I expect this wallet to become a steady contributor over time. HIVE income from SIM power gets sent to the our income wallet, and SIM earnings from the pool get compounded back in to the pool.
Off chain.
Again, no news on this front. Still no update on our ticket to unwrap the BHBD. Still just a guess at what we may be able to recover. Ticket is now over two months in the queue...
Totals
Last week ended with a nice gain, of $1800 in value for the week. This week has also been a good one, with another $1000 increase. Lets hope it can become a trend with another good week this week. 🤞 Here is last weeks outcome for comparison:
As you can see, the USD value per token has gone up, against HIVE it is down a bit, and compared to LEO it is up. It's an interesting dynamic to watch the fluctuations between these three units of measure for the fund. HIVE price is up over the week, the HIVE value of our fund drops (mainly because the HBD we have is worth less HIVE than it was).
INCOME Statement
Here is the fun part, we hit a record high for income since the relaunch. This wallet had over 700 LEO to distribute for the first time. Low key, my goal is to hit 1000 per week.
Strong LEO post payouts and curation income is the driver behind the good week, with 100 LEO more coming in this week compared to last. All the wallets and holdings have done their thing, and we ended up with 722 LEO to distribute. A couple of highlights to point out is the dividend yield hit 2% for the first time. This is still small, but the fact it is increasing is good enough for me.
4.419 LBI burned this week. Excluding the first week, when the LBI price was lower, that is our best week for regular burns.
All in all, a very satisfactory week for the fund. This week might not be as good, with less coming from pending post payouts. LBI is still much more reliant on content rewards than I would prefer, but that will change over time.
Thanks for checking out this weeks update. As always feedback is more than welcome in the comments section.
Have a great week everyone,
JK.
To read up on other things going on with LBI, here are some recent posts with more of whats going on:
@lbi-token/lbi-liquidity-pool-feedback-needed-ftg