Things have been quiet lately for LBI, but a lack of updates does not mean nothing has been happening. In the real world, I have been super busy and my time for Hive has been limited. But all the basics for LBI have still been happening. Income gets collected, dividends and pool rewards go out, and funds get shuffled around as needed.

GIF created via decentmemes

The first piece of news is a new liquidity pool:

Introducing the ALIVE:LBI liquidity pool.

Along with our friends from the ALIVE project, particularly @tydynrain, we are launching a liquidity pool for Alive paired with LBI. For those that are unaware, ALIVE is a tribe token that is in a rebuild phase, much like what we went through around 2 years ago. It is attempting to rebuild it's income and establish itself. It stands out from other tribe tokens in that it focusses on generating income from various sources to give the token a solid base.

These are tough times currently on Hive for any project trying to build revenue here lately, and like us, it seems whenever a good source of income is found, it quickly dries up, collapses, shuts down or fails in some way. Still, ALIVE is a survivor and with dedicated leadership it stands a chance. As I've said before, any project on Hive still trying and still looking to the future is worthy of support and encouragement, and if there is anything that LBI can do to help out we will try. ALIVE fits that bill, and I am delighted to explore how we can work together for mutual benefit. The pool is the first part of that collaboration.

DYOR, but I'd welcome LBI holders to consider adding a little liquidity into the pool, and I'd welcome the ALIVE community to consider the pool and seeing what LBI has to offer. The best way to get a feel for LBI is to look back at some of past updates, and read the context I try and give around our positions in those update posts.

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General liquidity update:

The addition of the ALIVE pool brings us to seven active liquidity pools.

I've made a little chart on my spreadsheet tracking the yields that each pool generates.

I use this to keep track of the total yields that each pool generates, and look at which pools may need more incentives or what not. Fee income is quite small lately, obviously with the current state of HIVE trading on swaps through HE is down. A lack of price fluctuations is also a factor.

Overall, most of the pools have a decent APR, running at a combined yield above 20%. The HSBIDAO and CENT pools are lower, and they will be the focus for boosting the rewards up to match the other pool yields. A rewards contract will be set up for ALIVE next week - likely with a very long timeframe to save on BEE renewal fees.

The overall liquidity of the LBI token remains decent, nudging around 11% of all tokens being held in pools. This is not bad for a project where many holders are passive, or have left Hive all together, or lost keys, passed away or just don't care anymore. Other holders don't want to add to pools, and that is certainly a valid investment strategy also. While the APR's are better for LBI's in pools, there is extra risk involved from IL. Long term holders in the LEO pool can attest to that, they would have seen the number of LBI tokens they have decline, while their LEO token numbers go up (but down in value).

Everyone has their own investment decisions to make, and my best advice if considering pools would be to make sure you go into a pool where you like both sides of the pool, rather than just chasing the highest yield. Each to their own, but overall I think the multi-pool strategy is working for us. People have a variety of pools to choose from, pairing with tokens from other projects (like CENT, ALIVE and HSBIDAO) introduces LBI to potential new holders, and when prices do move on something arbitrage trade flows through multiple pools to balance the prices.

The price in the pools for LBI has been very stable lately, and has held nicely above the "Asset backed value". Even over the last few weeks with a lack of updates, LBI's pool price has held around 1.16-1.2 HIVE per LBI, while the ABV sits around 1.095.

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General thoughts.

That is the current asset backed value per token measured in various currencies. Against most pairs LBI has held fairly flat, dipping when measured in USD value of course thanks to the low price of many of our holdings. The biggest change has been with the LEO measure. Each LBI is now worth 8.33 LEO, showing that we have massively outperformed what was our single biggest holding.

We are down well below 10% of our fund in LEO holdings, and that will drop further as our last 100,000 LEO unstake over the coming weeks.

Aside from the ALIVE collab, the only other real change over recent weeks has been a little purchase of ELIXIR tokens. They will generate a weekly income dividend, and I'll likely set up a HP delegation to that project to add a layer of growth to the position soon. It is currently a small position for us, more a show of support for a new project than a focus at this point.

Times are tough on HIVE, and who knows when (or even if) things will get better. The general plan for LBI is to push on, and keep trying to find ways to grow our assets and our income. Partnering with other projects spreads the word about LBI, and brings in new holders. We gain more EDSI, DAB, DBOND and various other tokens each week. Our HP grows each week. We survive and position ourselves such that if good times do return for HIVE, we are here for it. We learn from mistakes, and adapt and overcome as they say.

Thank you for taking the time to read through this wordy post. If you have any thoughts, concerns, comments or questions, hit me up in the comments and I'll get back to you as soon as I can.

Cheers,

JK
@jk6276 for LBI.