Swapping over some Non-HIVE holdings | New investment
Hello LBIers, investment update today. It's been a while since I have changed anything around and the APYs we are earning on CUBfinance have been slowly declining over time as more and more CUB is printed and it struggles to hold a price. I have been using a platform for around 5 months personally and had pretty good results.
Whats the Platform?
EMP tokens are pegged to ETH at 4000 EMP to 1 ETH. They have 6 different investment use cases for their token and ETH staking. As with any pegged project, remaining at peg is at the core the most important thing to the longevity of the project. They have an EMP Academy that teaches investors how each different investment works and how to gamify how you compound and cash out. They recently lost peg and it dropped to 0.82 when a whale dropped alot, alot alot of EMP and sucked up liquidity from the pool. It took them 7-8 weeks to recover back to peg, the heavy work of this came from their community which is quite strong and active. The main guy behind it is a fellow HIVER and actually fully doxxed himself to show his commitment and as a stunt I guess.
Im not going to explain how each different investment works as I have got us into 1 farm and I dont wanna be seen as shilling it. Some things are like 1% drops per day and not my cup of tea, I like the farms as the payouts are consistent and we pull our investment at any moment.
Funding
So this is funded from the BTC/BNB LP we held on CUBfinance, currently earning 5% in a token that has only been dropping in value since its launch. Not hating on it, it's a farm token and is acting like a farm token. The BTC/BNB LP token was 100% profits from converting CUB over the past year. Everything in farms will stay as is and I've no plans to change any of these as these will be used to rebuild some other kingdom. The total BTC/BNB LP was worth $4900.
EMP/ETH LP and harvests
I put the lot into the EMP/ETH LP and then staked it in the farm. It's now earning roughly 80% APY (0.2% per day) and the token harvested is called ESHARE. This token can be staked in another part of the website but I plan to convert harvests into 50/50 UDSC and bHBD and build a stable LP on CUBfinance. Would take 3-5 months but would be nice to build up a stable LP worth at least $1000 and then after that, consider computing down into more EMP/ETH LP for a while.
That is pretty much the update. I have as much faith in this project as I would CUBfinance as in I feel funds are very safe and rug-proof. The team do daily AMAs and or or very community-driven and great salesmen. They come off as very honest and they deliver what they say without delays so their reps are excellent so far. LBI needs something to give it a boast, we're not earning that much on LEOfinanace/HIVE to fund any non-HIVE investments so I need to reallocate to chase better returns with the same are less risk. I think I have done with converting BTC/BNB earning 5% into ETH earning 80% and the hope is we turn our profit (BTC/BNB) into a new cash cow that will help us build a new profit investment (USDC/HBD). Earning profit from profit, compounding at level 7/10.
Have you heard of EMP before, if so, what did you hear, and what is your experience with it?
Posted Using LeoFinance Beta
good stuff, thanks for sharing
Your very welcome, thanks for taking the time to drop a quick comment
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Sounds like a good plan to me. I don't think anyone would blame you for trying to move things into something that is going to give us a better return right now. Building stable wealth is never a bad thing during the bear.
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I gotta do something. The off-platform investments are not growing that much since CUB dropped to under 5 cents. Thanks for your support man
Yeah, no problem. Cub has been a bit of a downer lately. I still have faith in the project, but the reality just isn't too pretty right now. If Empo ever launches a second iteration of SEED we should definitely dump some money into that.
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1- Never heard of EMP before
2- Sounds too good to be true, so act carefully, nice idea to siphon out profits and
3- the stable pool in Cub - Great idea!
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Oh yes, I always like to take out the profits and park them somewhere safer. That's how we were able to get the BTC/BNB to get into EMP. Now it's time to full circle and back into the CUB farm. The stable token LP is a no brainer atm, can add to it for 8-12 weeks and see what we end up with :)
Yes. It is the best protocol I have yet discovered, with very bright prospects for the future, if there is anything whatsoever to ETH having a bright future ... 🧐✅
👍 Two thumbs up on the reallocation! 👍
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Ahh, a fellow EMPer. You understand the difference between CUB and EMP so you already get it.
No comparison ... And ...
If you want to take it a step further, you may wish to check into the stable coin pairing options available with MDB+, which is backed by one of the "Circle of Trust" partners (as I understand it ...) of EMP Money.
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So you're only converting money that is currently in non-Hive/Leo assets?
What percentage of the overall fund is being used for this?
My opinion remains that this should be what SPI goes into, while LBI funds remain within the LeoFinance ecosystem.
Posted Using LeoFinance Beta
I understand that but that's not the model that LBI is set up and to be honest, everything within the LEO ecosystem has been going down for a long time already. 40% of the fund is staked LEO, we started with this being 100% 18 months back and never powered any down. So in 18 months, we've been able to earn 1.5x the value of our LEO in HIVE and CUB harvests.
My goal is to increase the LEO value of the LBI token and to date, the best way we've done this is by building up a HIVE POWER balance and wallet with BSC. If we'd powered up all our earnings minus dividends, the token price today would be under 1.50 LEO with no non-HIVE holdings (currently 40% of the total fund) This % has been increasing as the value of LEO drops in spite of our biggest defi holding being connected to bLEO and the harvest token dropping 99%.
Sorry, your 1st question. I have only converted profits from CUBfinance harvests. I have been converting CUBs into the BTC/BNB kingdom for around 1 year so it's only the interest/profit I have invested into EMP. Not cashing out any farms. 2nd question, the answer is between 9-10%. This sounds like alot, it is alot but LEO is down alot as well and why this is 9-10%. If LEO were to go to 20 cents tomorrow, this would decrease to under 5%.
oh the remaining 20% is mostly HIVE and a few HE tokens
So the goal is simply to 'increase the LEO value of the LBI token' using whatever?
Where did I get this 'gain exposure to all things in the LeoFinance ecosystem' thing in my head haha?
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