LBI is a pooled investment token on Hive Engine, with a diverse range of holdings across HIVE. From HP and HBD, to positions in liquidity pools and various Hive Engine projects, think of LBI as a diverse basket of Hive assets. We have invested for asset growth, and share a portion of our weekly income as a SWAP.HBD dividend. Another portion of our income provides liquidity incentives for token holders to add LBI into various pool.

Each week we publish this detailed update, showing where all our assets are invested, how our income has tracked, and any other relevant information for token holders and potential holders. Our token is fully distributed, and we have a slightly deflationary token supply thanks to a weekly buy back and burn program.

Here are the token prices used in this weeks update:

And here is the link to the last report for comparisons

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Assets

@lbi-token

The main change is that I've shuffled more HSBIDAO over to the THREE wallet. Obviously, with the price of HIVE down again this week, the wallet value is down also.

@lbi-eds

Added some HP again from the Leo wallet power-down. Another 56 EDSI added to the balance sheet this week.

@lbi-dab

No DBOND added. At cut-off time, RUG rewards had not come in yet. Without staked DAB, RUG is our only source for new DBOND. 50 DAB growth for the week.

@lbi-cent

Bought and staked more CENT this week, delegated to @centtoken. We now have 3 million CENT delegated, which generated 1.43 HBD for our income for the week. I'd like to get more, as the yield is good, and removing CENT from the market supports it's price well. CENT have taken many steps to reduce inflation and selling pressure on the token, and if we pick up and stake a bunch, then we are also helping our holdings value. I may rationalize our pool positions a bit, we have too many positions and I'd like to consolidate a bit.

@lbi-three

Pool positions have grown over the week from the HSBIDAO sent over from the main wallet. We play on and steadily build this wallet up.

@lbi-alive and @lbi-leo

We continue to wind down the LEO wallet, and put small amounts in to the ALIVE wallet as we scale up steadily our position there. Some of the remaining liquid LEO was swapped to CENT for the delegation.

@lbi-bbb

Our buy order for LBI has sat quietly in the market, collecting dust. This is actually perfect, I'd rather not buy any back as that means the token is trading in the pools above the asset backed value. Pool positions have not really changed over the week.

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Totals

Asset values are down, and LBI is not immune to that. We drop to $0.056 in asset backed value per token. Can't do much about it, all we can really do is keep building the base, and working on things so we are well placed for when better times come. Our fund is holding up well under the pressure.

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Income

Our income held up ok over the week, coming close to last weeks total. We hit 2% APR again for the dividend, which I'd obviously like to push higher but it's ok for a growth focused fund. Everything is doing as it is meant to.

5.68 SWAP.HBD sent out as the weekly dividend, and 16.175 LBI burned from our supply this week.

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Liquidity

I figure I'll throw some quick thoughts on LBI's liquidity here, as I didn't get a stand alone update post done this week. We are going well, and it is pleasing to see LBI liquidity growing week by week. Last week there was 20,100 LBI tokens across all pools, and this week it is at 20,700, approaching 11% of our total supply.

Pool rewards have been renewed for the SWAP.HIVE and SWAP.BTC pools in the last few days, and all our pools have a decent time for rewards on them currently. Everything is looking good for us at the moment.

I dropped this note into discord, with current APR calculations...

Pool rewards for the BTC and HIVE pools with LBI have been renewed. Current reward APR's (not counting swap fees and other yields - HSBIDAO income, LBI weekly div's) are:

• LEO/LBI - 16% (HBD reward)
• HSBIDAO/LBI - 5% (will boost this in coming weeks)
• SWAP.HIVE/LBI - 23% (HBD)
• SWAP.BTC/LBI - 24%
• SWAP.HBD/LBI - 20%
• CENT/LBI - 13% (a mix of CENT, LEO and a little LBI)

Plans now that all pools are renewed (except CENT) with SWAP.HBD rewards is too boost the HSBIDAO pool, and we soon will launch a new pool with ALIVE in partnership with that project.

Conclusion

Thanks for checking this weeks update, drop a comment below with any thoughts, questions or opinions on anything LBI.

Have a great week,

JK
@jk6276 for LBI

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