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
Assets
@lbi-token
A bit of reshuffling here this week. Main change is that I sent some more HSBIDAO over to the @lbi-three wallet to keep building up our liquidity pool positions. The other change this week is on the back of the Hive Engine hack. We exited the SWAP.ETH.SWAP.BTC pool, and recovered what we could from the wreck. Now just hold a bit more SWAP.BTC liquid, and no SWAP.ETH. Our total loss across all wallets from the hack was around $250 in value, with most of that being from this pool position.
@lbi-eds
The only change for this wallet is a little extra HP (delegated to @eds-vote) from the @lbi-leo wallet power-down. EDSI just keeps doing it's thing, and we are completely passive with this wallet.
@lbi-dab
I've moved all our DAB to liquid, to give our income a bit of a boost. It won't surprise at some point down the track if this project gets shut down, so in the meantime, shifting to slower growth and higher income makes sense.
@lbi-cent
This wallet has had lots of changes, and while it looks complex, it really is just a collection of LP positions. So let me just list the changes:
- Exited CENT/SWAP.ETH - loss of around $40 due to the hack.
- Exited CENT/SWAP.USDT - no real loss, prices had not varied when I exited.
- Staked 1 million CENT - from those pool exits - weekly HBD yield at good APR.
- Moved our POL over from the @lbi-bbb wallet - holding partner project POL in the related wallet now.
- New position in PEPENTROPY/SWAP.HIVE - we seem to have a lot of PEPENTROPY income from various pools, might as well put it to use.
- New position in TRIBE/CENT pool - same as above, TRIBE income to compound in pool now instead of daily selling.
I think that is it - so a busy week for this wallet.
@lbi-three
Similar to the cent wallet, we have shifted our LBI/HSBIDAO POL over to this wallet, so it is with its HSBIDAO pool friends. Also moved some HSBIDAO over from the main wallet, and grew our pool positions this week. Eventually, all the HSBIDAO will live in this wallet, all in pools.
As for the game itself, @three.legacy looks like it will have new features and gameplay launching soon. Our income in the game has been slowly but steadily flowing, and it takes us 4-5 days to save enough to add to our family, so progress is slow now without spending more money to buy booster tokens. We are still on top of the leaderboard, with a narrowing lead over @abrockman, who will likely overtake us in top spot soon.
@lbi-leo and @lbi-alive
We have a new wallet, @lbi-alive. Yes we are now alive, and supporting our friend and LBI investor @tydynrain with the ALIVE project that he is part of. For now, these two wallets will be grouped together, as the LEO one is in wind down and the ALIVE one is just developing, and it was just easier for me than making a separate category. We have started our ALIVE journey in the pool with SWAP.HIVE, and will steadily build that position as our main holding. In coming weeks, a new pool will be created for this partnership, with ALIVE/LBI coming soon. I know I said no new pools any time soon, but supporting fellow HE survivors in the current context of so many projects being shut-down feels important.
This comment from Tydynrain on our recent post is worth a read to learn more about the ALIVE project. I'm looking forward to working with the ALIVE people to see how we can help each other grow.
@lbi-bbb
As mentioned above, a couple of the pool positions have been moved out to the wallets connected to that project. The rest will remain here and continue to support the liquidity goals of LBI. No new tokens bought back this week, with the LBI price trading consistently and comfortably above the asset backed value - which is particularly pleasing. It is starting to feel like there is a small premium being attached to LBI above it's asset backing, which is awesome to see.
Total
Without the one of loss of value from the Hive Engine hack, we would have been fine this week. As it was that hack cost us $250, and our total value for the week is down just $116 - so really it was a decent week, and could have been much worse.
I've made this breakdown a little more detailed, separating out HSBIDAO and the LBI we hold on the books into their own categories. Our ETH exposure is gone, but our BTC exposure is up a little.
Income
A bit down from last week, with a lack of post income and the shuffling around likely contributing. Most things were steady, and the tweak in the DAB wallet added a little. Still room to improve to boost that dividend and have more funds available for pool rewards.
Our dividend run has happened for the week, with 4.628 SWAP.HBD sent out. The same amount has gone to the @lbi-pool wallet to fund LP rewards, and 11.781 LBI have been burned from this weeks income.
Conclusion
That will do for this week. It's been an interesting one, with hack's, new partnerships, reshuffles and things to keep life interesting. Watch for more news about our ALIVE partnership over the coming weeks.
Thanks for checking out this weeks activities, feel free to let me know your thoughts in the comment section.
Cheers,
JK
@jk6276 for LBI.