LBI earnings and holding REPORT | Yaer 03 | Week 35
Welcome to this weeks LBI token earnings and holding post
What is LBI?
The LeoBacked Investment (LBI) token is the first of its kind, the 1st token to be valued completely in LEO. Each LBI token represents a percentage ownership in the overall fund including all LEO, HIVE, off-chain and wallets operated by @lbi-token. The goal is to provide a community based and ran investment vehicle focused primarily on the LeoFinance community and LEO token. We provide a weekly LEO dividend payment to all token holders whilst also increasing the value of the LBI token slowly but consistently over the long term by only investing into things that will stand the test of time.
LBI is a long term HODL token based on SPI's model. Because these tokens are backed and valued in their primary assets, the value only increases. Think of it as putting $1000 in the bank and earning interest. In theory, you should never have fewer dollars. The $1000 is the LEO you give us to buy your LBI token and the interest is the earnings we produce with that LEO.
Earning this week were up again this week from last week with HIVE content being are highest income, follwered in 2nd by leo.voter rewards from our HP balance and LEO coming in 3rd. It has been a long time from we earned near 1000 LEO in a week.
LEO and HIVE wallets have not changed much. We continue to add around 450-500 liquid LEO, 30-40 HP and a few HBD to out wallet each week. Our HBD balance is growing nicely and will convert into some HIVE in a future to increase our leo.voter income.
Non-HIVE assets have performed very well for us this week, most of these holdings increased by 10% this week in terms LEO value. I continue to convert all harvests into BTC and we now have 0.06 BTC so we could be at 0.1BTC in a few months time. I moved our bLEO/BNB in bLEO/bHIVE LP a few weeks back. Its APY was 2000% and when we dumped a $2500 LP, the APY insta dropped to around 90% APY, i guess the liquidity was not that deep when we invested but today's this is still paying us out at over 70% so still much better than the last one.
** Please dont forget that CUBlife has been wrapped up and we are still buying back all CL tokens at 0.65 HIVE each on hive-engine**
Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI