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

Added 500 HP to our wallet this week. As we have been selling off LEO, some has gone into powering up more HP, and some has gone to other wallets. I've also added some more ELIXIR today. Not much other news really at the moment.

@lbi-eds

As usual, no news for this wallet. 66 EDSI and 7 HP in organic growth.

@lbi-dab

Just organic growth and passive income from this wallet again this week.

@lbi-cent

I've added a little more to round us up to 5 million staked cent, delegated to @centtoken. This earn us SWAP.HBD every week. The other difference is I've added significantly to the CENT/TRIBE pool. We had a much smaller position in this one than our other pools here, and when I took a look through CENT pool APR's, I found this to be the CENT pool with by far the highest yield, so I've boosted our position in it a bit.

@lbi-three

The Three wallet has done well this week, with the price of THREE moving so we gained more HSBIDAO in that pool. I've started adding HP directly into this wallet, with the hope of it becoming self-sufficient. Currently, we have a delegation to @steembasicincome from the main @lbi-token wallet, and the HSBIDAO rewards from this get moved over to this wallet. My goal is that this wallet generates enough of it's own new HSBIDAO flow so that it can spin out income each week without that transfer. Then those can be added to income directly and we should be better off for income - if that makes sense.

@lbi-alive

I've added small amounts to this wallet, to slowly grow these LP positions. This will be the plan for a while. ALIVE is a small token, and trying to put significant funds in would move the price a lot. My preference is to slowly drip 50 HIVE here and there over, so we keep growing without dominating the market too much. We are already the biggest LP in both the ALIVE/HIVE and the ALIVE/LBI pools, so I'm trying to tread lightly and leave space for others to build also.

@lbi-bbb

No buybacks again this week. I have removed our pool position in the LEO pool. That pool has more than adequate depth, so I feel these funds are better off in the SWAP.HIVE pool. I'd like to see a time where the SWAP.HIVE pool takes over as our deepest, as it is already the most traded pool. Interestingly, in the last seven days the SWAP.HBD pool was busiest, followed by SWAP.HIVE, then HSBIDAO with LEO a fair way behind in fourth by volume. I do use the SWAP.HBD and HSBIDAO pools a fair bit, particularly while managing the @lbi-three wallet, so we are likely accounting for a decent chunk of their volume.

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Totals

So we finish the week similar to last week, just shy of $9,000 in USD value for our fund.

The decrease of our ownership of LEO has continued, and there is a fair chance this will be at zero by this time next week. We are quite heavy on HIVE (and HIVE pegged) assets, close to 50% of the fund when you add HSBIDAO in.

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Income

Income remains a struggle with the price of HIVE remaining so low. It is what it is, and in percentage terms it's fairly stable.

Just shy of 5 HBD sent out for dividends this week. The burn continues to be good, with 17.503 bought and burned this week.

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Conclusion

Another week done, and HIVE continues to be tough going. All our holdings keep doing what they do, and we keep plugging away. I feel we are doing as well as we could be in these market conditions, given we remain a HIVE based fund. The token has held its market value well above its asset backed value now for a significant period.

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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