It's about time I got a weekly update post done for LBI. Missed last week, so I'll compare our performance to the numbers from two weeks ago.

Here is the link to the last report two weeks ago

And these are the current token prices at cut-off time for this update:

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Assets

@lbi-token

I am continuing to shift our LEO over to this wallet. It is being delegated to @centtoken for a small passive yield. As we know, the APR on LEO is tiny, so the main reason for holding on to these LEO is in the hope that Leodex brings value to the token. I've added a little to the BTC/ETH pool, and I've been slowly shifting HSBIDAO (very slowly) over to the @lbi-three wallet to go into pools.

Overall, value's are very little changed from two weeks ago, aside from the LEO move.

@lbi-eds

Have increased the HP in this wallet over the last two weeks, primarily from the leo wallet powerdown. We are approaching 10K HP here, all delegated to @eds-vote to mint more EDSI. So far I've resisted the urge to swap our EDSD over to HP, but the urge remains. Gained 116 EDSI over the two week period.

@lbi-dab

Chugging along. I have just un-staked all our DAB. There is a chance that @silverstackeruk will wind down this project in time. Nothing is confirmed, but the chances are there. In the meantime, I think a shift from staked to liquid DAB is a good idea, boosting our income generated each day, and slowing the growth down. An important thing for us to keep in mind is that of the tokens in this project - DBOND is 100% backed 1:1 with HIVE. RUG is backed by off chain LP assets - last value update was around 0.94 HIVE per RUG. DAB is not a backed token, so it could be worth much less than the book value of 1 HIVE each in any wind up. Just something for us to keep in mind as we wait to see what will happen with this project.

@lbi-cent

This wallet continues to spin out a high yield for us. We pull 0.3 HBD per day out as yield, which equates to an annual yield of 16% currently. Asset value has dropped a little over the last two weeks, but many things are down so that is not unexpected.

@lbi-three

The wallet continues to receive small amounts of HSBIDAO transferred over regularly from our main wallet, to build the pool positions. During the week, we did a token swap of some spare LBI from buybacks with the @pixydust project. The PIXYDUST received was added to their liquidity pool, and is yielding pool rewards. Swaps like this are valuable for us, creating synergies with other Hive projects and introducing our token to new holders and communities that may not know about us given our history as a very LEO focused project. You can see more about this swap from this post. I am delighted to see LBI recognized as a worth reward for people to receive by other projects, and welcome @cryptounicorn420 and the @pixydust community to LBI.

As for the Three game itself, our progress has slowed dramatically. I've used up all our tokens from the started pack, and it's taking a few days to gain enough THREE income to add to our family. The cost for us to "read blueprints" is very high, as is the cost to do any building upgrades, so our growth has slowed to a crawl at the moment. It seems only a matter of time now before we start to be overtaken on the leaderboard.

@lbi-leo

The shutdown of this wallet continues. We have just one LEO powerdown to go. The HP here will take longer obviously.

@lbi-bbb

We have not actually bought back any LBI tokens for a while, with the price pleasing holding above the Asset Backed Value for an extended period. I've added a fair chunk of the tokens we bought back into the various LBI liquidity pools, building up a protocol owned liquidity base. The main goal is to build further "permanent" liquidity in our supported pools, and assist in bootstrapping new pools. This is why the amount in the new SWAP.HBD pool is significantly more than other pools.

When I set up the reward contract for the HBD pool, I did try to exclude this wallet from receiving rewards. But that did not work. So just for clarity, any pool rewards this wallet received will all be added back into the pools.

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Totals

Down a few hundred $$$ from two weeks ago. HIVE is the same price, but LEO is down over that time. As much as we have downgraded LEO in our portfolio, it still comprises over 15% of our assets, so it's price fluctuations still have an impact.

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Income

The good news this week is that our income is creeping up a bit, with 12.739 being the best total since we swapped over to using SWAP.HBD as our base token. Periods early in the week where HIVE price was up help that, as our mainly HIVE income converts at a better rate into HBD. To be honest this is one of the main reasons I went with HBD, if HIVE ever recovers and gains value, our HBD income will be higher. Income could be better if I can get more content out.

We have sent out just over 5 SWAP.HBD as dividends, at a yield of roughly 1.83% annualized. Not much, but a lot of our fund is growth, and that is only 40% of our actual income. A similar amount has gone to fund the pool rewards wallet. 13.499 LBI burned for the week.

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Conclusion

Another week in the books for LBI. Things have stabilized a lot since the change of direction away from being LEO focused into a general HIVE project. We have a fair idea of what income we can generate now, and pleasingly the price has not dropped by more than our Asset Backed Value. The crunch we suffered from the Leostrategy tokens price crash still hurts, but we re-build from around $13,000 base value (provided HIVE can hold $0.06).

Thanks for checking out this weeks update, all comments are welcome below.

Cheers,

@jk6276 for LBI.