Considering a HIVE power down for SPinvest
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Hello SPIer's, today I wanna talk about a plan I have. CUB finance is making me break all the rules and has me thinking overtime. Ok, im gotta get straight to the point. I have a feeling, a hunch that CUB finance will soon offer a bHIVE LP. The token already exists, I think a guy called fbslo created it and it's highly possible that a bHIVE LP will soon be added to CUB finance.
What im thinking
Im thinking HIVE power-down for 40-50k HIVE. Im not thinking of converting HIVE into something else, just reallocating it for better earnings. Let's face it, HIVE POWER leasing is consistent earnings but our lowest ROI investment. As an example, our UTOPIS investment that cost us 8000 HIVE earned a bigger HIVE dividend this week than we earned from leasing out 90,000 HIVE POWER.
We earn around 16% plus 3.4% for inflation every year on leased out HIVE POWER, which works out at 0.37% per week earnings. If a bHIVE LP is released, we could earn 20% in under a week and even after the initial high ROI reduces, im confident it'll still earn us more than 0.37% per week. Let's weigh the risks against the rewards.
If A bHIVE LP is added to CUB finance, SPinvest will use it's ETH balance to provide to the other half of the LP should it need to be converted to bLEO or BNB. We would not be converting HIVE into other cryptos. 50% of CUB harvest would be reinvested into the bHIVE LP growing our HIVE balance and the 50% of CUB harvested would be converted to bHIVE into HIVE and used toward weekly SPI dividends.
Keeping all HIVE powered up
- Continue earning 19% per year on HIVE POWER
- No risk
Convert 40k HIVE to bHIVE
Pro's
- Earnings increase and produce a bigger dividend payment
- Overall HIVE holding would increase faster
Cons
- bHIVE LP might never be added to CUB finance
- Lost HIVE income while in powerdowning costs us roughly 120 HIVE per week
The risk to reward can be summed simply by saying if it's never released, we'll lose a few hundred HIVE in earnings and if it is released, our HIVE balance and dividends could get a massive boost.
I think it's worth taking the risk as I feel the LeoFinance community will annoy Khal about this until he releases it to shut us up..... Checkmate
When would this happen?
Asap as it takes 5 days for the delegation cooldown and then 7 days before the first power-down would be paid out. Not gonna post which leases would be pulled but let's say must of them. If we go ahead with this, the first power-down would come on the 26th.
What do you think?
| Accounts | Purpose | Operator |
|---|---|---|
| @spinvest | Main account and bank | Many |
| @spinvest-leo | All curation is done from this account | @jk6276 |
| @spi-steemcity | All gaming is done from this account | @shitsignals |
| @spi-payments | Used to pay out weekly dividends | @silverstackeruk |
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Posted Using LeoFinance Beta
Good idea. 😊
Posted Using LeoFinance Beta
Not a bad idea to have it liquid in case they do add the LP to CubFinance.
We can always power it back up if it doesnt come to fruition.
The lost of 120 per week sucks but if we give it a few weeks to see if it materializes, it will cost 400-500 HIVE.
Not the end of the world and, if it does come into being, we can see that made up in a less than a week.
Posted Using LeoFinance Beta
To me it sounds like a good idea. My only concern is that it might be a bit of FOMO guiding the question being asked in the first place. Before CUB came out, were y'all already considering moving stuff out of Hive Power, or is this release bringing up the discussion for the first time?
Legit, either way, it sounds like a solid idea to me - and like @taskmaster4450le says, liquidity is useful for opportunities like this, so might be worth considering keeping some HIVE available in the future - yes, not earning anything - so that you can quickly deploy it on opportunities to yield a lot, quickly.
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I think it is a good idea. If I understand correctly, at the worst there is a small risk of losing some earnings for a while but the power downed Hive would not be lost vs increasing our earnings substantially. My opinion is SPI has done well enough over the last two years to be able to afford a little risk. I don't see it so much as FOMO but as shrewd planning ahead. :)
Posted Using LeoFinance Beta
You should go for it.
Posted Using LeoFinance Beta
I do not understand enough the question of the risk of the CUB pools. On the other hand, I trust the analysis of the brains that participate in the governance of @spinvest ...
I think that is a good idea. It also helps Leo to get hive with high liquidy there. Makes it more attractive to traders( community) to use it for purchases.
In the documentation is something about tribe pairs. so why not hive? :D
Posted Using LeoFinance Beta
That sounds like a good risk-reward to me!
Posted Using LeoFinance Beta
I think releasing bHIVE (I like the sound of that!) and an LP associated with, preferably several, should be a priority. It shouldn't be too hard to get it out since it's mostly re-using the same code that the other pools use.
I think you should take the risk. The downside is negligible relative to the upside.
I think if sufficiently many of us keep pestering Khal, bHIVE and the pools will happen.
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
Bad Idea!!
It is a good idea but it moves us away from our model, which is working.
Posted Using LeoFinance Beta
Your thinking method is very good. I understand it very easily. By power down, profits can be easily obtained.
Posted Using LeoFinance Beta
I think it's a nobrainer, go for it! The possible benefit far outweighs the loss in Hive revenue, so it's worth the risk.
Posted Using LeoFinance Beta
I am pro, its a good idea that is worth the risk in my opinion
I have invested in @lbi-token. How do I invest in SPI. Simply buying the token and that's it?
Can you also tell me what are the benefits I can avail through my investments? I am new here, would love to get a detailed explanation on this. Thanks in advance SPI Team. Cheers!
Posted Using LeoFinance Beta
Delegating HP to bofi could also be great. Having liquid hive is important as too many options with better roi.