Major change for our EDS wallet
Over the last week, a change has been made to our EDS wallet investments - @lbi-eds. An opportunity arose to purchase EDSMM - the second miner token from the @eddie-earner project. These were priced on the market at 1.98 HIVE each.
When I set up the EDS wallet, It was funded with 10,000 HIVE. This got split with 5000 swapped to HBD and put in to EDSD. For those that don't know, EDSD is a HBD backed token, that converts the interest from the HBD it holds into HIVE, and uses that to mint EDS and strengthen the EDS asset base. Anyway, at the time that 5,000 HIVE got us around 1100 EDSD (1100 HBD value).
To see how this wallet was established, the initial post has all the details:
https://inleo.io/@lbi-token/lbis-eds-wallet-and-plans-ee9
There was also an update post done more recently:
https://inleo.io/@lbi-token/lets-check-in-on-our-eds-wallet-71x
Lets look at the maths.
1100 EDSD would mint 9.22 EDS per week, at current HIVE prices. (This is calculated by (1100 * 7.5%)/52 to get HBD interest share, and then converted to HIVE).
I was able to trade those 1100 EDSD into 6582 HIVE (booking a profit of almost 1600 HIVE over 6 weeks).
Those HIVE were then used to purchase 3311 EDSMM
EDSMM mint EDS via the mining contract, with an expected rate of 0.2 EDS per EDSMM per year.
This means we should, in theory, mint 12.73 EDS per week.
So, even at current HIVE prices, where EDSD works quite well at minting EDS, we will increase our weekly EDS mintage by 3.51 (estimated) per week. (work out to be a 38% increase).
But over the long run, it works out even better. The reason behind that statement is that EDS generate HIVE income. Obviously if we mint EDS faster, then that income grows quicker, making the math's more attractive.
Downsides.
The other factor to keep in mind is that if HIVE's price increases, the amount of EDSD we earn drops. So unless HIVE drops significantly from here (which is of course always possible) we should be in front.
The down side to the swap to miner tokens is the loss of liquidity and flexibility. These are likely to be hard to sell, if we wanted to exit the investment. It's a really thin market, and could take ages to get them all sold. On the other hand, EDSD are very flexible, and can be liquidated into HBD in 3-4 days. So we are definitely giving away a big amount of flexibility in return for higher EDS mintage rates.
These EDSMM have 17 years of EDS allocated to them, at the rate of 0.20 EDS per miner per year. For the foreseeable future, I will hold these on our balance sheet at the purchase price of 1.98 HIVE each. These would be almost impossible to update regular with market prices. The market is really thin, and once the current batches sell, it could be months before any more are available. If I had more funds available, Iwould buy more off the market at this price.
In the first regular report since the re-launch of LBI, here is how the EDS wallet looked:
Today, it looks like this:
That's it for the news today. Thanks for checking out this post. If you want to know more about LBI, here are a few posts for you.
https://inleo.io/@lbi-token/lbi-weekly-holdings-and-income-report-week-6-8-sep-2024-ij
https://inleo.io/@lbi-token/dividends-resume-for-lbi-holders-bci
https://inleo.io/@lbi-token/setting-up-our-next-investment-jf8
Have a great day,
JK.
@jk6276
Posted Using InLeo Alpha
no pain no gain
Nice
Let's delve into the Builda whale farm on the Hive, Gogreenbuddy, who is also colloquially known as the Marky mark USAINVOTE UPMYVOTE IPROMOTE PUNKTEAM and 100's more if not thousands this individual has asserted that his intentions behind this initiative are driven by a desire to contribute positively to the community. Now, let's explore what he is earning on a monthly basis from this venture. income is said to be generated through the use of multiple alternative accounts, which he utilizes to cast votes in favor of his own shit content. The community seems to have mixed feelings about this practice many are scared to speak up.
Are you ready to delve deeper into this topic and uncover more insights? If so, let's proceed. It's time to wake up and gain a clearer understanding of the situation at hand.
Buildawhale
Curation Rewards
The Marky mark
Curation Rewards
https://peakd.com/@themarkymark/activities
Usainvote
Curation Rewards
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Apeminingclub
Curation Rewards
https://peakd.com/@apeminingclub/activities
Gogreenbuddy
Curation Rewards
https://peakd.com/@gogreenbuddy/activities
On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out
We want to address the issue of downvoting. It has caused pain to many people, and we want to make sure it doesn't happen again reply to @jacobtothe
On Hive a significant issue exists with automatic upvotes consistently rewarding the same individuals day in and day out
We hope that those who genuinely care about Hive will reconsider their actions, as continuing down this path could inadvertently harm innocent users who are unaware of these issues
lol the Marky mark keeps dreaming
There's been a notable increase in frustration and concern among many users
Reply 2 @crimsonclad You may consider yourself clever
Reply to @crimsonclad
Consider revising the value plan, as it's not providing significant benefits to HIVE
The Value Plan, as it stands, seems to be a one-sided relationship with the HIVE platform, where the benefits are one-way
Actions indeed speak louder than words, a fact we've all observed individuals may talk a good game, a whole lot of shit, but their actions often expose their genuine nature LOL
We consider it unwise to engage in harmful actions, even if you think you can escape the repercussions
https://hive.blog/politics/@jacobtothe/re-bpcvoter1-shjdc8
The Hive Police aka Hivewatchers, are the real heroes of Hive LOL, aren't they?
Feast your eyes on Hive's trending page, what a load of trash
LoL it's the Hivewatchers Hive Police, dishing out orders like a bakery LOL! Folks, do what you want with your Hive power, just as you please. And you, Hivewatchers, downvote away, but remember, judgment day's coming
Harry fam We're just here, laughing at the shenanigans on Hive! Sure, our content's getting downvoted, but hey, it's all part of the game LOL
https://hive.blog/hive-158694/@hivewatchers/shhnhs
adm [-]
meesterboom [-]
steemcleaners [-]
jacobtothe [-]
logic [-]
chekohler [-]
b00m [-]
celestegray [-]
citizensmith [-]
sazbird [-]
technicalside [-]
bagpuss [-]
vxn666 [-]
spaminator [-]
meestemboom [-]
ihal0001 [-]
tillmea [-]
meesterleo [-]
meesterbrain [-]
unclefunker [-]
and 1 more
https://hive.blog/hivewatchers/@bpcvoter/shqkqc
On Hive, there's a user who frequently burns a significant amount of Hive LOL with his own accounts
How To Fool An Entire Population
it's so, so concerning to see Blocktrades delegating 2+ million Hive power to Buildawhale, and Buildawhale is downvoting legitimate content
We began sharing factual information following unwarranted downvotes on Hive it's all in the transactions
Upon examining our posts, you will notice they have been downvoted, and we've been labeled as scammers and spammers, which we find amusing. We consistently share new content
Once again, we ask why is our legit content being downvoted on Hive and what is the reason behind it. Hivewatchers ADM spaminator steemcleaners guiltyparties logic
We have Hive witnesses farming Hive, self-voting, operating comment farms, and self-funding projects with community resources
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Posted using Bilpcoin
!INDEED !WEED !PGM LUV !PIZZA !PIMP !ALIVE !CTP !BBH !VSC !INDEED !HOPE
I picked up some mini miners a long time ago and they are probably one of the smartest second layer tokens I have bought. I think this is a good move!
Where can you buy them? I don't see them on Hive Engine.
They are on hive-engine for sure.
https://hive-engine.com/trade/EDSMM
Thanks Bozz. When I searched I could only find EDSM. Now I realise it was because I was searching my own wallet.
Ah, okay, that makes sense!
Good work.
Excellent activity with these vulnerable people. Congratulations.
Looks like timing was perfect here cause your swapping out $ for HIVE when HIVE is at its lowest and increasing your EDS reward. Long term, this will be a very smart play. Well executed mate 😁
Thanks mate - yeah it felt like the right move for LBI for the long run. Steady, endless (well 17 years feels like endless in cryptoland) growth from minted EDS, everyday, leading to a steady, passive growing income.
Still a bunch more on the market tempting me, but I'd have to unlock some funds from other places to do it. Maybe HBD savings...
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