LBI earnings and holding REPORT | Year 03 | Week 46
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.
RECAP
Earnings this week were good at just over 770 LEO. Our top earner was leo.voter, followed by HIVE content and LEO curation came in 3rd.
Our liquid LEO balance increased by a few hundred and we collected HBD interest in our HIVE wallet. We see small growth in our HP and our HIVE/LEO LP dropped a few dollars.
This week i pulled the BUSD/bHBD LP from Cubfarm. The BUSD has been converted to HIVE and will be used for buybacks. I will try to bridge the bHBD to HIVE from BSC but im not sure there is any option for this. I converted all CUB harvests to BTC as always.
Cryptos this week overall has taken a dip with 90% of everything down. We've been having it good for a few months now and a small correction is required to rebuild a stronger base of buy orders before things can pump further.
As everything has dropped in sync, there is not much change in the LBI token value this week so we've been lucky. Thank you for taking the time to check out the report, have a great week.
Thanks for checking out this weeks report. Have a great week.
Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI
I don't see any dividend coming in on my account. I can not find a single LEO.
It seems strange to me,when the weekly report says "dividends".
Please look at it.
The dividends were stopped over a year ago. Its a good idea to remove them from the report. Thanks for your feedback.
OK
There are a couple options. My advice though is to avoid the Leo Bridge. I tried to move 440 BHBD into HBD over a month ago and I still haven't seen it in my wallet. I opened a ticket with them and all I keep getting is "soon". The fact is they are making more money having that HBD locked up than they are satisfying their customers. An alternate method is to move it all to SPS over on BSC and then move that into Spliterlands and then back out into Hive or HBD. You lose some due to fees and slippage, but it's more reliable than the Leo Bridge.
Other option to bridge is to swap to BNB, and then deposit to tribaldex.