SEED Holdings report #19 - Extended review of all assets
Hello everyone,
Sorry for the delay on this report, this weekend has been family weekend and frankly, I haven't been able to sit and concentrate enough to post properly with kids and other family members running around. For today, I decided to make a more detailed explanation of all SEED managed assets and how are they related between them,
DAO Maker & The Presales Goldmine
From an overall standpoint, we keep rocking in a solid & steady way:
- Presales from DAO Maker keep flowing in. This week alone I grouped like 5 TGE's (''Token Generation Events'', or when a funded token gets listed on markets), all the sales account for 3000$ or so, recovering 100% of the money needed to participate in those presales. The remaining tokens will be unlocked in due time, as you're already used to.
Each color stripe represents a different project, and below you can see the days remaining until the next release. DAO as a business is escalating pretty quickly & nicely. All of these represent all of our LOCKED VALUE.
In approx 60 days, a bigger share of funds will become available, and our Liquid value will start growing a lot (diversifying risks & giving me more space to buy stable coins/allocating into other pools... (all of this while the main DAO keep working).
We also have 2 presales 'ongoing', which means we're waiting for lottery results and allocation (if we win).
- On the LIQUID VALUE, we have mainly our 50K DAO, which recently started giving us staking rewards (or 'Venture Yield' rewards, as they call them. We can get those DAO's if we 'really' need them. But 99,9% of these DAO's will keep untouched for now.
We're receiving 8 DAO's/daily, which might not seem like a lot, but we're talking about 1110$/month which is a salary in a lot of places. This comes on top of the presales in which we're managing to participate.
A Look at our 'Safe Value':
- The core of our SEED Safe Value is composed of 22.600 HBD on Savings (did you notice that increase in the APR up to 12%?). This serves as a reliable buffer of security & liquidity.
The main thing with the HBD which I'm depositing there isn't the profitability, it's the security. And as something reliable, acts as an anchor for our portfolio. Expect this position to keep increasing in size as time passes.
- In a distant second place, we already collected 1300 Hive Power from curation & posting rewards. We have a big delegation of 70K HIVE coming from one of our Private Investors which represents a big boost in HIVE rewards.
This delegation is not guaranteed in time, which means that if he needs the money, he will pull out. So it better to take profit while it lasts. However, I have a long-term vision for HIVE, and does he, so hopefully, my fellow investor will keep the delegation in place for many months to come.
- We also managed to collect a few HE tokens. We keep accumulating the LEO, BEE, POB which lands onto our hands (& delegating to ventures like brofi or hodlcommunity to automate curation/staking rewards). Key is to create a win-win Hive-Engine environment for everyone.
Protocol Controlled Value (PCV) or the future of Defi
Our last category is our Protocol Controlled Value (PCV) which is the part of the portfolio (always more than 5% but less than 10%) in charge of creating a robust inflow of passive income to pay for 2 things:
- Buyback & Burn plan (50%)
- Management admin fees (50%)
Currently, we only own a decent position on the CUB-BUSD pool providing a 100% APR approx. This is an excellent pool in terms of security/ profitability since half is a stablecoin and you get a triple digit APR.
I'll keep providing on that one and rotate & diversify accordingly.
All the profits are being allocated to the CUB kingdom. Which at the time of writing accounts for 3750 CUB's or 1500$ accumulated in the last month.
These CUB's will be exchanged for Hive at the end of the month and half will be transferred to me (@empoderat) and the other half will be used to set up a buy limit order on the SEED orderbook.
**However, I may delay this event a bit, as I have had a couple of ideas about it that may be more beneficial to everyone. **
Whatever the case, the pools week working & compounding, as we like it.
There's more Pools...
Going back into our 'Liquid Value', I've also started accumulating into another pool thing recently; a BTCB-ORN pool:
BTC is a coin that will also serve as an anchor later on, and you might know that I've fallen in love with the Orion vision, so... this pool is a no-brainer for me (with a +35% APR), which is pretty decent. I'll keep accumulating gradually (among with CUB/BUSD and HBD).
How does it all look together?
Now yes, time for the typical colored charts:
Current SEED Stats:
Circulating Supply: 100.000 tokens (full released)
AUM Value (All assets): 344.000$
SEED TOTAL Value: 344000/100000 = 3,44$ /SEED (+344% since the beginning).
344/5 = 68,98% MoM profit
Another slight fall for this week, not in a hurry.
Happy Holidays to all!
Hope you all enjoyed the report for this week, I'm also taking advantage to wish everyone a happy Christmas period with your loved ones. Be good and of that :)
I would also like to inform you in advance that next week we will probably not have a report since a few busy family weeks are coming and I don't want to get my fingers caught like it happened this last weekend.
No worries, all the data is being collected anyway for the sheets and I won't stop monitoring everything. So you can still reach me through telegram if needed to ask something.
Regarding the Buyback & Burn program, I'll try to drop a new proposal in the next few days with a few core changes. I still need to wrap my head around a couple of details.
That's all for today. Enjoy!
100% of blogging rewards paid to @seed-treasury.
Remember you can follow the portfolio in real-time here:
https://cointracking.info/portfolio/seedtreasury
You can join us on Telegram and follow me on Twitter.
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Gay rug
Good to see some elaboration on the usual "gay" just be careful you don't sprain your fingers if your write more than two words :)))))))
This is not fair, you've combined the two :)
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rug me baby
LOVING THE IMPROVEMENT!!
WEN 3 WORDS SIR
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Next post
then 'gay rug next post' pls grumpy trumpy, don't be that mysterious
Sorry but I'm very naughty and mischievous, Santa only gives me shitcoins because of that :)))
The post was serious in purpose, the real fun is in the comments ;)
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What would we do without you?
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Ahm... is that a compliment, madam?
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Seems more like a buttering up.
My experience is when I get things like that, check my wallet.
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Looks like you've been mingling with the wrong ones then.
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The sweetest one possible!
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Wow wow wow... Your investment.
I like your way of diversifying your portfolio
It happens... almost in autopilot :)
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I'm so happy to have a small investment in this project. These are things I would probably never get into on my own so it is very satisfying to know I own a small piece of the pie. Enjoy the holidays and as always thank you for all the great work you do! :)
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Glad you find it entertaining!
have a great holidays u too :)
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Small investment is going to grow into a large one over time. We are off to a great start and the likelihood of the same rate continuing is unlikely. That said, we are going to see some outsized returns for a long time.
Compound this sucker over 5-7 years and see where the numbers arrive it. It is truly exciting.
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I see that the market declines are affecting you little, that shows solidity.
Do you think about buying Hive to take advantage of the airdrops that are about to arrive or is it insignificant for the portfolio?
No plans on that atm, since I have no way to keep expanding (at a faster rate) without sacrificing security, and I prefer to keeps things 'slow paced' in that sense.
Slow money makes money faster. Never buy a coin only for an airdrop.
plus, I assume everyone here holds some HIVE, so no 'real' benefit to get exposure on HIVE (rather than a price appreciation).
On the other hand, we're receiving 15-20 HIVE daily, so I'll just let them come.
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Just another example of how projects on Hive can be extremely profitable.
I love the concept of adding to the HBD savings position as an anchor. That said, a 12% return is nothing to sneeze at. In the "real world", money managers would be climbing over each other to get into that. Plus it is very low risk.
This is something that is going to be a major winner over the next few years.
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Build on top of HIVE has been one of the decisions which I'm most grateful for this year :)
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At some point the rest of the world will figure that out too. For now, we just operate under the radar for a spell.
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GM fren, have a nice time with your family!
The 12% thing is random IMO, some witnesses increase it without asking somebody. IMO nothing that should happen. Sure 12% is nice, but what if it increases to a point it becomes unsustainable? Also what if it randomly decreases and hurts the value of HBD?
But for sure, for now it is really nice :)
Nope, it has been discussed before as far as I remember.
The problem now for HBD is the debt limit at 10%, I hope witnesses increase it up to 30% on the next HF (although 20% would be nice).
HBD in savings are almost negligible on the whole blockchain. I would like to see this 12% being increased up to 20% (or more) and start printing HBD.
More than ever, HBD is the 'killer app' of HIVE.
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I agree it is a killer app of hive.
But in crypto we tend to swing really heavy. So 20% in-dept on hive can be in worse case bring a lot of inflation, if we hit a bear market again.
I would like to see more social users first because it increases to massive.
Interesting is only 7 witnesses increased to 12%. So I don't know.
Worst case, if Hive print too much HBD can end up in 2 cases.
or
Think about 10$ hive for 2 months, how much this would print.
And a year later again 1$ or less?
And if converting should begin back to hive on lower levels, this adds additional sell pressure to Hive.
But sure, that's the worst case, but in crypto not that unlikely. Ethereum falls also from 1200$ back to 150$.
Bitcoin from 20k to 3k.
HBD is a positive and also a negative catalyst, so swings should become more extreme.
Anyways, GM!
How will it advance to the point it is unsustainable?
What level is that? Have you run some numbers to figure that out?
I have and 35% is more than sustainable.
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depending on the amount in savings + demand + timeframe + market swings.
A fixed number doesn't work IMO.
The problem with HBD is, it is a solid stablecoin. It's not backed by a promise, it's backed by hive.
So we should be careful. Also, the interest is given without adding value in exchange.
12% for liquidity provider hive/HBD would be a good thing.
IMO we are in a testing area.
Luna did the same with a Luna backed stable coin. I would prefer to watch first what happens there ( after a market crash) before we start crazy things here.
It's a very new way for a stable coin, so we should be careful to build the best version and not the fastest.
In terms of printing, If we want to print more HBD faster ( i not recommend),
We could airdrop over 12 months HBD to hivepower stakeholder. So the total amount increase. Because the % would depend on Hive power, everyone should have after the airdrop the same % in total.
But that would be IMO a super risky play, also the rates need to be calculated super smart.
I think you're wrong on a number of things, I'll try to recap a few thoughts of me and let's see If we can learn everyone from the discussion:
The problem with HBD in 2018 (well, SBD), wasn't the rapid increase in STEEM's value, the REAL problem was it wasn't expected to see SBD trading at 3-7$ for an extended time period (since the chain didn't have a mechanism to peg the coin on the upside). Today mechanisms on-chain control this.
This effect gets amplified if projects/dapps use HBD. P.e. Ragnarok, from Dan, or HE pools, since all of them virtually 'lock' HBD out of circulation.
Wrong. It's exactly as you're saying. Hive itself is 'the promise'. We could all agree to stop calling HBD 'hbd' and call them 'redeemable vouchers for 1$ worth of HIVE'. Think about the VOUCHERS of the Chaos Legion, if that helps.
Also wrong, HBD in savings equal to HIVE out of circulation. Isn't that value?
It could be very interesting, but IMHO the risks outweigh the pros for something that 'we already have built'. I would keep these things in L2, which is exactly what Hive Engine is providing.
It's not enough validation of our idea seeing Luna ranked at #9 with an x57 more market share Vs HIVE?
Terra USD ($UST) has a 9B valuation, HBD mere 24 milion (or x375 less)
We need to print HBD... and the only way is to incentivize people to do so. Like, LOTS of HBD.
More APR on HBD savings => More HBD => Closer peg => More reliable stablecoin (because closer peg) => more market participants => More demand for HBD => Increase of marketcap of HIVE
The barrier for this is the 10% debt limit, increasing it to 30% is a 'good enough' intermediate scenario where we can keep expanding the supply of HBD (and hence HIVE) without compromising on a hyperinflationary black hole.
We already have this in place, it's called ''posting and curation rewards'', I believe we don't need to overthink excessively things there, but neither to try to introduce innecessary mechanics in place; p.e. 'HBD airdrop to hivepower holders'.
...
Don't you agree? Or I'm missing something.
it depends.
The vouchers analogy doesn't fit IMO what HBD is. because it's more of a ticket for allowing to buy. Itself it has no value, only a market-driven one. HBD has a natural value of 1$ worth of hive.
I remember also times SBD was traded for 0,6$. That was the other extreme.
To LUNA, like I told HBD has a positive and negative catalyst.
If we all want to make a quick $ and let the chain in the worst case burn, that is the way we can go.
If LUNA would lose 90% in value in a short time period, I would bet the chain is gone.
I would like to see this first. But it depends on what we want. Fast $ in bullrun, let's burn as much hive as we can and print HBD.
The catalyst is exponential.
But also in a negative way. we had 20%+ inflation in 2018/2019.
This could be also 200% if the market shift and the attention move away.
We don't have a stable social fundament. Only 10k-15k using the social features.
I also would expect, our builder would ALL leave the chain if we have 200%+ inflation. This is what heavy market swings can do.
But as I told, it depends. On timeframe and what the goal is.
And my bet is, we see hive again under 1$. Sure many will disagree, but that's what I think. It doesn't mean hive is bad or something.
Some sidenote: Closer peg = most dangerous that could happen.
if we are at 30% print limit, or 29%, and we loss 50% in value.
From 1 day to another, HBD is worth only 50% in Hive.
That sounds to me not stable. That's, why I think being careful, is better.
I don't know how luna handles this.
If there is no haircut, I think the chain will die in bear.
That is no longer an issue with the stabilizer in place. Also, if we remove the 3.5 day conversion mechanism, it will allow for more arbitrage opportunities which is needed to hold a peg. Those looking to scalp a couple percent will not risk it for 3.5 day wait.
How would we have a 200% inflation? I am not following how that is even possible.
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I discuss with smooth about this. Its not anymore save against abuse if we remove it. I had the same idea to remove it to make it on demand.
1B MC Hive around 2,5$ hive / 300M HBD MAX by 30%.
In price falls massive and also the converting runs in steps, we can print a massive amount of hive.
Think about this like stairs. And people are forced to convert if they don't want to get under the haircut hammer.
it's an exponential curve, the more heavy the swing the more we print. And every step it becomes bigger.
Because 30% will be the max in the hold ( in game theory you want to protect your holdings).
I make a nonaccurate example, because accuracy would involve way more effort :)
For this example, we say we always stay 10% under Haircut ( because panic is impossible to calculate in)
1B MC = around 2,5$ Hive = 270M HBD / Price falls 10%, we also expect around 10% converting.
900M MC 2,25$ hive = 270M HBD - 27M HBD ( 10%) converting = 11,7M hive extra.
Hive falls again 10% ( maybe because of the 11,7 extra sell pressure?)
810M MC 2,025 = 243M HBD -24,3M ( 10% converting) = 12M extra hive.
I don't want to go the steps down. But every 10%, the generated hive also increases exponentially.
so 200% would be possible. in theory even more, because the more steps we go, the more hive we can print in theory.
So the last steps will damage the most.
Btw, if this way should start, I see no way demand hive increases to stop it.
Because why buy if print that massive? I wait for more = cheaper price? Why not convert also?
Should i write about that topic a post with way more details or is the concept clear behind it?
also made a post:
https://peakd.com/leofinance/@urun/hbd-converting-and-exponential-curve-behind
but sir, the vouchers are trading at 2,7$ on the open market! Ofc not the same. but I see that you got the point (u already know).
That was in the bear market, after like 6-8 months of 'overprinting' HBD without a 'higher price supression tool'.
In that case, STEEM paid the 'hangover' of SBD in the form of increased inflation (from 7-8% up to 20% at times). As you know we needed 2-3 years to recover from that.
IMHO I'm HIVE survived that phase as a chain, then it's almost immortal. Think about it! How you can kill HIVE? You can't unless you make disappear all the believers (and this applies to any other coin). It's unlikely to happen... because we faced very bad things as a community. As a result, Hive is very resilient.
Is that even possible? If we lose 90% of users we're also done. But even with that new market participants will come sooner or later. I would buy up all the HIVE at 0,0001$, don't you?.
hmmm... how do you quantify that? Let's agree to disagree on that. Because I believe we really have a very interesting fundamental userbase which other projects CAN ONLY DREAM WITH.
If something kills luna, it won't be a 90% depreciation. In any case, would be the exyle of their main developers (all of a sudden). We survived that btw.
Agree.
I disagree. But again it's very difficult to foresee how things will work out ''if...''.
I believe you're underestimating HIVE resiliency.
Everything is working as expected. Nothing less, nothing more.
regards :)
Wanna do some talk about it, like a podcast? With some premade stuff and graphics we make?
Would be for sure an awesome talk. I think a lot of hive folks would enjoy it. I think i have to play the "bear" or more "conservative" in this case :P
I like the convertible bond concept. HBD is a convertible bond that can be redeemed for $1 worth of HIVE (for each HBD) in 3 days time.
Couple this with more "sinks", providing more use cases, and we see could see things taking off.
That was why I started to toy around with the idea of Hive Bonds. Get more HBD produced yet feed into the stability of the token. This will help a great deal.
The bottom line is we need 10 billion HBD to be considered a legitimate stablecoin. We are not going to get that from 2.3 million HBD locked into savings at 12%.
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Just read that idea. very interesting!
everything resumes about ''print more HBD'' to be able to play in bigger leagues.
Everything else falls alone in place if the first becomes true.
Enjoy next week off and thanks for the report. It looks like there is a sizable amount in the HBD savings and a lot in the DAOMaker. The Cub buy-backs at the end of the month also make sense.
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I'm probably tweaking plans... ;)
I'll let you know.
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You misspelled your username. :)
Lol just checked it, ty :)
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Happy holidays empo!
Saaaame for you gadrian!
Ps. hablamos el mismo idioma?
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I don't speak Spanish, so I guess not, unless you speak Romanian. :)
I look forward to your updates as even though you are a dropping the monthly return figure it is still excellent over a period of time. Would be great to have a Seed meetup at some point in a few years or so.
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Thx mr coffee, your messages are always very encouraging.
And yes, sometime along the way we should make a meetup :)
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Huh, in my area $1110/mo is twice above average salary. And I earn less, ROFL.
Wen we rich, sers?!!1
The real fun is in enjoying the path sir.
We'll get there, no worries :)
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Thank you again for the report. It is nice to see how you manage it. I'm learning for example from every new post.
There is a polygon airdrop that will start soon with a release of 60 days, so you might check it, before removing the CUB from the den.
!PIZZA & !BEER for you!
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Khal still has to release the concrete details of the airdrop, but yes, we have +20K CUB on LP's and I pretend to get a fair share of the upcoming polycub airdrop.
Thx for the support Alex!
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PIZZA Holders sent $PIZZA tips in this post's comments:
@alexvan(1/6) tipped @empoderat (x1)
Learn more at https://hive.pizza.
I bought some Seed last month because I like these updates so it's good to have skin in the game. More for what you are investing in rather than for any financial benefit. It's always a very interesting read.
Glad you find the reading of my updates entertaining :)
Hopefully I'll keep writing them for a long time :)
Regards!
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good post!
I like all these crypto trading platforms. I need to look at my portfolio, to see if I have seed token, so many blogs so it can be confusing. Its good value !
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