Welcome to this weeks update of all things LBI. This post will update all the numbers and important changes for our basket of assets over the last week. In case you missed it, the post I put out yesterday is probably more important than this one, so if you only have time to read one LBI post, then that is the one for you.

Anyway, It's been a really big week, and we have seen a significant decline in asset value over the week, so I guess this update is pretty important too.

This banner will change to better represent our new direction.

Here are the token prices at the cut-off time for this report:

And here is the link to last weeks report for comparisons.

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Assets:

@lbi-token

I've added a bit to our BTC/ETH pool position this week. This does not generate any income for us, as it's the swap versions of these here on Hive Engine. However it is intended as a store of value for us, in "safer" assets than some of our other holdings. Picked up a little more DUO over the week also from LEO asset sales. Overall, the wallets dollar value is very similar to last week, but this wallets percentage share of our total assets takes a big jump, as mainly our LEO wallet declines.

@lbi-eds

This becomes our number 2 wallet this week. I've added a fair chunk of HP in from asset sales, and would like to keep growing the HP further. We added 3500 to the HP this week, which came from selling Leostrategy tokens across the week. Aside from that, it was a normal week - yield came in and we minted roughly 50 EDSI for the week.

@lbi-leo

Much change here. Our remaining TTSLA is all sold. I've written the value of TGLD and TNVDA down to zero, and sold what I could. Our positions where much larger than the available liquidity, so part of the dramatic price decline this week for those assets was our fault.

Plan's are to stash the remaining TGLD and TNVDA into a storage wallet. We will hold them and see if there is any turnaround, but have dropped them off our balance sheet. The HP will be powered down and moved to other wallets and the LEO will get moved over to our primary @lbi-token wallet. Then this wallet will be shut down. We will keep the LEO, as I still think there is possibility for it to recover/do well if Leodex does well. Of all things LEO related, Leodex is the one that has the potential to drive value into the LEO token. Leostrategy is a train wreck at this stage.

@lbi-dab

Compared to last week, we picked up some extra DAB off the market, and increased the staked portion to 3000. We are approaching 5000 DAB in total, and will cross that point this week. Still have a goal to get this wallet growing by 100 HIVE value per week, from DAB and DBOND minting. It's still close but not quite there yet.

@lbi-cent

No new funds added this week, and the wallet had a small decline in dollar value as CENT has been weaker over the week. Still, good income was generated and it continues to bring in nice yield for us.

@lbi-three

I'm continuing to slowly write off the cost of buying in to the game. We are getting closer to withdrawals of THREE being enabled, which will mean we can grow the LP position which is how we make this venture profitable for us. In game we are still on top of the leaderboard, but the gap is closing a bit and it looks like @abrockman may be catching up to us. Anyway, the game continues to be fun, and the dev work behind it roles on. If interested, check out the game (Referral link)

@lbi-bbb

We have a significant number of LBI tokens on our books at the moment, from buy backs to maintain the token price around it's net asset backed value. After thinking about it on and off for a while, I've decided to use some of those to build a Protocol Owned Liquidity arrangement. Each day I'll add a little into each of the liquidity pools for our tokens to help build up the liquidity and make LBI more accessible. One of my goals ever since taking over running LBI nearly two years ago has been to improve the liquidity of the token, and work in that regard remains on-going.

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Totals

We finish the week with assets worth $13,150 down $5,608 for the week (30% decline). This is almost entirely the dramatic collapse of Leostrategy tokens, and a significant drop in the price of LEO also. I think we can safely assume that around $13,000 is our new baseline asset value to rebuild from. Obviously the HIVE value has also taken a proportional dip, down to 1.122 HIVE per LBI.

The asset breakdown of our fund is interesting this week. LEO assets have declined dramatically. A few weeks ago this was 50% of our fund, today it is down to 16%. Everything else has increased accordingly in percentage terms. Our BTC and ETH is up to 2% each of our asset base now - partially from adding some funds, mostly due to the decline from LEO.

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Income

Our final week of denominating our income in terms of LEO, we end up just under 600 for the week. From next week, our income will all get collected and converted to SWAP.HBD, and dividends will be paid as such from next week moving forward.

Dividend yield is 1.68% for the week, and 9.423 LBI burned from supply this week.

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Conclusion

A dramatic week for our fund, with a re-branding underway, a change of our base from LEO to HBD and a crash in value. I think I've said everything I need to about the mistakes that led to this, so it's time to move on and rebuild.

Thanks to everyone sticking with LBI for the ride, we will come out of this stronger.

Cheers,

JK.
@jk6276 for LBI