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. That report was two weeks ago, I missed publishing last weeks numbers.

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Assets

@lbi-token

A significant change this week. I pulled 440 HBD out of savings and traded it for HIVE. Powered up 8456 HIVE. The Ecency delegation was decreased back to 20,000 HP, and we now have 15,000 delegated to HSBI to earn daily HSBIDAO. All the remaining HSBIDAO that was in this wallet was moved to the @lbi-three wallet and added to pools.

The plan now is the HSBIDAO earned in the Three wallet will get traded to SWAP.HBD and added to income. The HSBIDAO we earn here will then go to that wallet, and be added to the pools. So we return to a layered, compounding approach to growth. HP (which will grow passively from inflation) earns HSBIDAO rewards. This builds LP position, and then the rewards from those become our income.

I did also since the last report move 0.0002 SWAP.BTC into the CENT wallet and into the CENT/SWAP.BTC pool.

@lbi-eds

HP growth from the LEO wallet power-down being moved here. No other changes and this wallet keeps steadily accumulating more EDSI. 116 over the last two weeks. Our EDSD is minting lots of EDSI with the HIVE price being so low. I remain tempted to trade it all back to HIVE and power up, but with no signs of a HIVE price recovery I have continued to resist temptation.

@lbi-dab

This wallet remains in auto-pilot mode. No funds added or removed recently. We mint a bit of DBOND each week from RUG, and DAB each week from DBOND. Around 20 DBOND each week, and 50 DAB passively. The income at the end has been stable, around 0.16 - 0.17 SWAP.HBD per day.

@lbi-cent

Tinkering around the edges a fair bit here over the last two weeks. As mentioned above, I increased the BTC pool position. I have also continued to build our staked and delegated CENT, up to 4 million currently. This gives us a nice chunk of SWAP.HBD income. I will shuffle pools around a bit, in the hope of cutting back on the number of pools a bit and simplifying my life a touch.

@lbi-three

More funds added into this wallet, and I have cleaned up the way I present the wallet positions a bit. I added a position into the ECOBANK/HSBIDAO pool, investing into our friend @ecoinstant long running project. So we are in all four HSBIDAO pools now, and will have a steady stream of new HSBIDAO tokens come across from the main wallet delegation to continuously grow these positions.

The game itself is fairly boring at the moment to be honest. I've not added any new funds into buy more tokens, and it takes us around 10 days currently to generate enough in game income to have a baby, and that is if I don't spend anything on other in game options. @abrockman has moved ahead of us on the leaderboard now, so we have dropped to second place overall. Waiting for new features tbh.

@lbi-alive and @lbi-leo

We continue to wind down the LEO wallet, and slowly trickly funds into the ALIVE wallet. Once our partners at ALIVE - @tydynrain - have saved up their half of the pool creation fee, we will launch the ALIVE/LBI liquidity pool and work on ways to help this project grow. It's a project that, like us, is focused on building income and becoming sustainable, so if there are ways we can assist them we will do our best.

@lbi-bbb

Our protocol owned liquidity wallet has had a quiet couple of weeks since the last report. We continue to have a small buy order in the market at around the asset backed value of the token, and it continues to remain untouched. LBI has been trading for an extended period above it's asset backed value, showing now that investors have put a premium on our token. Call it a liquidity premium, or aa speculation premium or whatever. Fact is that people see the value of LBI as being more than just the sum of it's parts. This is most pleasing, and feels like some validation of the last couple of years of hard work and steady management. I may not always get it right, but generally investors are happy enough. Anyway, enough self-congratulating.

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Totals

We manage to hold our heads above the $10,000 valuation for another week. With HIVE at or below $0.05 keeping afloat is a win currently. I'm not sure what the catalyst for a HIVE recovery will be, or when it will happen, but if we don't keep plugging away in the hope that better days will come, then we might as well pack up and call it a day.

You can see a few things from this breakdown. LEO has dropped to just over 8.5% of our fund. The LEO price has steadily declined, even against HIVE which has been going down. BTC share is up a bit as it has held up better in price than our other assets. Other asset shares have moved around a bit as a result of re-shuffles mentioned above.

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Income

Slow week for income, with some of the re-shuffling impacting a bit. CENT wallet is the biggest contributor. HSBIDAO from the main wallet stops, with those tokens moved to the THREE wallet, and some sold to be added to the pools. No post rewards this week as I've been quiet lately on the content front.

Just on 5 SWAP.HBD sent out for dividends this week, at a yield of 1.81% APR. Not great really, but with HIVE so low our mostly HIVE income buys less HBD. Still, another 15.535 LBI burned from supply for the week.

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Conclusion

We shuffle things around as we tread water in this horrible market for HIVE currently. The lights will stay on for LBI as long as HIVE still has some value, and we will keep working on building our assets. When better times do come, we will be strong and benefit from any recovery. Until then we keep accumulating tokens, and try to help our fellow L2 projects that have a similar mindset to stay alive and working together to grow.

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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