HoneySaver Funds Update: Mid-April 2021
This is the reporting of the status of HoneySaver Funds for the middle of April 2021. Currently, there is a total of 5,278 HIVE invested into the funds amounting to $3,160 (amount in USD as per HIVE token equivalent).
We haven't got much update as to the movement of our assets since we went on to a holiday in the past couple of weeks. Surprisingly, HIVE has been in a good position as well as the other tokens in the blockchain. As of today, the chart below how the funds are distributed across the five categories.
The pie chart below shows where the funds are distributed across different tokens. At present, still, majority of funds were invested outside of the Hive blockchain, which in this case is labelled NON-HIVE.
The main currency for HoneySaver Funds is the HIVE token. However, it is also important to know the current value of the funds in terms of US Dollars. The table below shows the present valuation of the significant token holdings of the fund.
As of today, liquidity still stands at five (5) percent of all the invested funds. By middle of 2021, the target liquidity is around 10 percent of revolving funds. As part of building up the liquid reserves, we decided to hold our HBD earnings instead of converting them into HIVE and trading them in Hive-Engine.
Thank you for your time. The funds may be operating privately but we hope that you will learn something from these regular updates that we intend to do on weekly basis.
HoneySaver Funds is a private investment initiative started by @leoneil to help his circle of friends in Hive to provide returns of their idle Hive assets sitting in their accounts. The funds status will be updated twice, a middle month update and another one to report the performance for the previous month.
"Don't look for the needle in the haystack. Just buy the haystack!" — John Bogle
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