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RE: LBI Weekly Holdings and Income report - Week 34 - week ending 23 March 2025
I'll rise my concerns about keeping the Leo. One thing is selling current holdings, the other one is keeping on building it. Selling Leo at current prices may seem like a bad idea, but getting more Leo is worse.
LEO lost 90% of value since we started, Leo curation rewards are crap. HP delegation rewards are unstable.
Considering the above I would not delegate more
0.00025448 BEE
I get it, but no matter which way things go, some LBI token holders will disagree. We have a holder base that consists of a range of people from "LEO sucks and we should exit it all, rebrand and walk away from LEO" Through to "LEO is the best thing on HIVE, I can't believe you'd even think of selling any"
Keeping such a diverse base of holders happy is a challenge. I do think that if we can section off our LEO positions, and let it grow over time, that's our best bet for being positioned if LEO succeeds. The wallet will have around 15% of LBI's assets once its done, and I think that is fair.
As for the delegation, we have not had any leo.voter delegation for a while, and setting one back up from this new wallet will be a steady process.
Anyway, I get that some people will be unhappy with growing our LEO, but to be fair we are still a LEO Based Investment fund, and should be trying to build a LEO position.
I'm trying to look forward, and lots of crypto lost 90% or more, but to their credit LEO are still here and still trying to build something. The potential to recover some of that loss is worth pursuing.