A major focus for the LBI project is to make our investment token a liquid one, with multiple pools available and sufficient depth to enable easy access to both buy or sell the token via swaps. We have six active, incentivized pools to choose from. As part of the focus on liquidity, I'll try to post a weekly update on how our pools are performing. Last week, I made a general update post about the state of our liquidity, and I feel it will be helpful to do a weekly report when I can.

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General news

The main news for the past week is that rewards for the LEO/LBI pool were renewed, with a 100 day contract and 40 SWAP.HBD deposited for yield. While we have reduced our funds focus on LEO recently, this pool is still an important one for us, and it is the pool with the deepest liquidity, so it remains a top priority for maintaining solid depth.

The great news is that our depth of liquidity across the pools has increased nicely this week. We basically have 20,000 LBI now in pools (near enough, it is 19988.128 to be precise). This represents 10.57% of all LBI tokens, and is a nice milestone. We have been here before, when the LSTR and SURGE pools attracted a nice amount of liquidity. But since those pools were downgraded as Leostrategy's tokens crashed, this is a new recent high for liquidity. 🎉

The newest pool, the SWAP.HBD/LBI one, is gaining depth and moving towards the $200 initial goal for liquidity. The yield in that pool is quite good, so do consider it if you are thinking on which way to go. I suspect that it may steadily grow in time, as with most of our pool rewards, and dividends all moving to be SWAP.HBD in time, it will be a convenient pool for people to drop small amounts regularly in to DCA save.

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Some numbers:

So there is what our active pools look like currently. LEO is the deepest, HSBIDAO gained the most liquidity in the last week, and is quite healthy and the others are doing there thing.

Now for the real numbers that people care about - yields.

LEO/LBI

• $1118 in TVL
• $626 in 30 day volume - fee income $1.565 - APR = 1.6%
• $0.40 in daily incentive - APR = 13.1%
• LBI weekly dividend - APR 1.7% (on LBI portion) effective 0.85%
• Total combined APR = 15.55%

HSBIDAO/LBI

• $664 TVL
• $505 in 30 day volume - fee income $1.26 - APR = 2.2%
• $0.08 in daily incentive - APR = 4.5%
• HSBIDAO yield roughly 10% - effective 5%
• LBI weekly dividend - APR 1.7% (on LBI portion) effective 0.85%
• Total combined APR = 13.4%

SWAP.HIVE/LBI

• $391 TVL
• $659 in 30 day volume - fee income $1.65 - APR = 7.5%
• $0.09 in daily incentive - APR = 8.3%
• LBI weekly dividend - APR 1.7% (on LBI portion) effective 0.85%
• Total combined APR = 16.65%

SWAP.BTC/LBI

• $271 TVL
• $289 30 day volume - fee income $0.72 - APR = 3.2%
• $0.066 in daily incentives - APR = 8.9%
• LBI weekly dividend - APR 1.7% (on LBI portion) effective 0.85%
• Total combined APR = 12.95%

CENT/LBI

• $180 TVL
• $143 30 day volume - fee income $0.36 - APR = 2.4%
• $0.08 daily incentives - APR = 16.5%
• LBI weekly dividend - APR 1.7% (on LBI portion) effective 0.85%
• Total combined APR = 19.75%

SWAP.HBD/LBI

• $161 TVL
• $51 30 day volume - fee income $0.13 - APR = 0.1% (new pool recently launched - early days)
• $0.11 daily incentives - APR = 25.2%
• LBI weekly dividend - APR 1.7% (on LBI portion) effective 0.85%
• Total combined APR = 26.15%

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Conclusion

The goal to make LBI a liquid token, backed by a range of assets, and useful as a swap path into other assets is progressing. Pleasingly, LBI has held value of late slightly above it's asset backed value, meaning it is starting to trade at a small premium to asset backing. This tells me we are on the right path, and with new Hive Engine front end options like Hive Swap featuring multi-hop swaps, the LBI token's usefulness is growing.

Despite a number of setbacks, LBI is well positioned. We have a solid asset backing giving the token a "real" value baseline. We have an interesting mix of pools, allowing options for holders to pair with tokens of their choice to boost yield. We have real weekly income generating a dividend and funds to offer real pool incentives. We have no inflation and a capped supply. We have a small weekly burn.

As for the pools, the SWAP.HIVE and SWAP.BTC are the next coming close to renewal. They will both switch over to SWAP.HBD as the incentive when the time comes. The HSBIDAO rewards probably need a top up, as that pools yield is lower than others.

The next pool likely to launch will be a partnership with the ALIVE project. @tydynrain is keen to get this up and running, and I'll chat with them at some stage about sharing the pool set up costs. This upcoming partnership shows how LBI is progressing, we are now seen as an attractive partner for other projects. Our range of LP's and the solid backing of the token with real assets and real income has strengthened our position.

LBI has survived a number of set-backs recently, the Hive Engine hack, the collapse of Leostrategy products, the destruction of value from the BRO situation and the impact of our pools as we became a source of exit liquidity, and more. Battle hardened and ready for what comes next, good or bad.

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Thanks for checking out this update on the state of LBI liquidity. Have a great day everyone, and feel free to share any thoughts in the comment section.

Cheers,

JK
@jk6276 for LBI