LBI earnings and holding REPORT | Year 02 | Week 46

Welcome to this weeks LBI token earnings and holding post

What is LBI?
The LeoBacked Investment (LBI) token is the first of its kind, the 1st token to be valued completely in LEO. Each LBI token represents a percentage ownership in the overall fund including all LEO, HIVE, off-chain and wallets operated by @lbi-token. The goal is to provide a community based and ran investment vehicle focused primarily on the LeoFinance community and LEO token. We provide a weekly LEO dividend payment to all token holders whilst also increasing the value of the LBI token slowly but consistently over the long term by only investing into things that will stand the test of time.

LBI is a long term HODL token based on SPI's model. Because these tokens are backed and valued in their primary assets, the value only increases. Think of it as putting $1000 in the bank and earning interest. In theory, you should never have fewer dollars. The $1000 is the LEO you give us to buy your LBI token and the interest is the earnings we produce with that LEO.

Earnings this week have been poor compared to normal but a few things have changed and i think we will have to get used to earning about the 1000-1200 LEO per week mark. 1st thing is our biggest earner has always been content and we are now posting 4 times per week instead of 7 so this drop is expected. 2nd thing is we are getting less LEO for the HIVE we earn because HIVE has dropped alot about 2 weeks ago while LEO has been going sideways. I don't think HIVE is going to pop to 50 cent again anytime soon so we will have to get used to this.

CUBlifes earnings for us this week are the same as last week but there are plans to trial a LBI to CL token exchange which will give this a boast for us. I have been looking for income tokens to build our weekly earning but there's not much out there and delegating HP to leo.voter might be our best option. You can see that leo.voter rewards are catching up with LEO curation rewards.

The liquid LEO balance is up to almost 5000 and i guess I'll end up powering this up because i cant think what else to do with LEO.

I am noticing that our HP balance is starting to decline. This is directly connected to reducing content being posted and we will need to drop our next HIVE power down, down from 100 HIVE per week to maybe 50-60 HIVE per week. We are currently converting our powerdown into 50/50 HBD and LEO.

Not to many massive changes this week, few things are up, few things are down. Looks like everything connected to BNB is up and everything else is down. This wallet will decline in value over the next 2 weeks as LBI swaps funds into CUBlife as tokens are converted. There will be a limit because we don't have unlimited funds. Im ok with losing some EMP, some of our stable token LP and anything valued at under $200. Im thinking of an LBI to CL conversion limit of int the ballpark of 150-200 LBI to CL but I need to look at the numbers better and will confirm this Monday.

The APY for bLEO/BNB has gotten really strong the past week. No idea why, maybe a large depositor pulled or BNB mooning 25% in a week is producing more harvests for us, either way, happy days for us. EMP is still producing decent harvests for us but its peg is...I'll say weak. It's been lower and recovered before so I'm sure better days will come back and I think this time round, we pull and move funds back to CUBfinance cause EMP seems to be more down than up. Its cycle seems to be getting to peg are close for a few weeks and then dropping off for a few months until something new is released. Rise and repeat.

We finish this week at pretty much the same point as we finished last week. The total fund is down around 1k LEO which is a small fraction of 1% of our total. We will see a small dip in total value as we convert LBI into CL and some non-HIVE holdings are transferred out but on the plus, hopefully, we get a small boast to income. This will also result in fewer circulating LBI tokens as they are burned after being converted.

Someone suggested in the comments this week to maybe start and use LEO Treads as a way to get exposure and fill in the gaps from not posting long-form content. I like this idea and I will play about with it over the next few weeks. It's fairly easy to open up the excel sheet, find out some random LBI token stats and post them up. Snapshot and 20-50 words. If you'd like to be the LBI short content person, put your hand up in the comments below.

The markets are starting to go sideways. I still believe the bottoms are to come in but I also think we are very close and swapping over from converting defi harvests into stables will end soon as we start to DCA into BTC/ETH mainly to gather a pile and preparation for the next bull run in a few years time. We can use our HBD balance on HIVE for mainly to build our LEO income. This is will stuff that we see happening over the next 6 months. 2022 will be marked as the decline and i hope 2023 will be like 2019 in the sense that it was a great year to invest.

We're long term so we be around and hopefully alot stronger. Thank you for taking the time to read this weeks report.

Have a great weekend.

Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI

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