RE: LBI token Hardcapping - 7th May 2021
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BNB looks definitely a winner in the mid term so I'm super happy that LBI have some in the portfolio.
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I don't doubt it can be a winner and I think its a great investment strategy. I trust that silverstackeruk will probably get out when things starting looking wrong. I just wanted a little bit of clarity on whether or not BNB/bLEO pool is going to continue forever or just until the profitability starts to dwindle.
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Hey, the weekly investment into the bLEO/BNB LP will not last forever. So right now, im converting 500-600 LEO every week into bLEO, this is $500 for talk's sake. We are currently harvesting $600-700 worth of CUB every week so around $600 is going into the LP and the reminder is staked to the CUB den.
If for example the ROI's were down 80% in 3 months time, LBI's weekly earning would be equal to around 120 bLEO and if LBI is still earning more than 1000 LEO per week, it's only a small part. I'll never convert LEO into BNB are anything else. We are limited to the amount of CUB we harvest against the value of LEO I guess. If we earn $100 worth of CUB in a week, we can make a $200 bLEO/BNB LP that week.
But no I dont see us investing into this every week forever, the ROI is great for now and we'll have to invest in other things to become diversified. The end goal would look something like a $20-25k LP earning 50% per year. This would produce an income of $200 per week to reinvest into something else, maybe a weekly buy of BTC, maybe we convert back to LEO and power it up. We'll cross that bridge when the LP is big and strong.
Good question
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Thanks for the clarification and the extra details on how the CUB earnings are spent. It definitely is a solid plan as we can use that LP to diversify the asset LBI holds.
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Are there plans to hodl the purchased BNB? It would be great to start having assets in all the winning blockchains out there. Surely BNB will eventually take a breath from this multi-bagger rally but it is a solid utility token that will keep yielding if staked in Binance Vault.