Time for the weekly update post from LBI. There is much to cover, and I'm pushed for time this morning so if it comes across rushed, sorry. Our last full update was two weeks ago, so all comparisons will be to that report.

Token prices at cutoff time:

@lbi-token wallet

LGN is gone from this wallet. As I mentioned last week, and I'm sure everyone knows by now, the BRO/LGN projects have collapsed. Seems Ray has had a breakdown of some kind, and confidence was lost and the tokens have collapsed. Our "paper loss" was around $180, however in reality it was a lot less. Some of our LGN came from swapping BRO, which we had free-rolling thanks to some trades during market activity. The rest came from a HP delegation. So we had not spent any "real" money on LGN. Have added some more BEE, and HP has grown by around 130 over the last two weeks.

@lbi-leo wallet

Changes here with some funds sent out to build the LEO and Leostrategy related pools off-hive. Over the coming weeks I plan to slowly move more of the SURGE, TTSLA and LEO over to BASE and ARBITRUM to add to the LP's there. We can boost our yield this way, and increase our income for the fund.

Off-chain holdings

Here is where funds are going from mainly the LEO wallet. As you can see, we are in four main off-chain pools (we are not in the LEO/MAYA pool). These have been generating nice fee income for us, and I plan to slowly move more funds over in the coming weeks. I've got my head around the "concentrated liquidity" aspect to these investments, and have our ranges for each pool wide enough that I don't have to watch them obsessively to make sure they are staying in range.

There are just two liquidity providers so far in the new TTSLA pool, @khaleelkazi and us. That is pretty cool I think. If you want to keep an eye on our positions, or audit LBI's reports (anyone can do that at any time to verify that what's in these updates is accurate), our wallet address is: 0xf63465968221111f5e26d9d22c5b1ca43b9ef3ed

@lbi-eds

No changes in the last two weeks. It continues to do exactly what it is programed to do. HP delegation, EDSMM and EDSD all mint EDSI. EDSI generates a weekly income. 95 EDSI growth over the last two weeks.

@lbi-dab

Similar to the EDS wallet, this just does what it's meant to do. Nearly 100 DAB minted over the last two week. Project is safe, even though Ray was technically a joint venture founder with SSUK. In reality SSUK was doing all the work anyway, and he changed the projects keys so Ray couldn't do anything crazy with DAB funds. I'm grateful to @silverstackeruk for keeping this project running and safe despite the complete lack of involvement from his "partner" in the project.

@lbi-pwr

A little extra HP added over the last two weeks. The PWR project is in a kind of maintenance mode really, with it's founder @ferranlogs (the artist formerly know as @empoderat 😉 ) taking a step back for a little while due to real world pressures. It's all good though, as the project all still works, and can continue with little input for a while.

@lbi-cent

This wallet adds 10 LEO for the week to our income, and it compounds 3/4 of it's daily pool yields. For now there will be no changes here. Down the track I may look to add more funds in, but not at this point.

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Totals

The BRO comparison is gone. Another Hive engine based project bites the dust. 😞 Values are down over the last two weeks, with both HIVE and LEO lower than they were in the last report.

Here is the asset breakdown of our wallets.

The main things to note are that LEO assets are down a bit, and USD assets are up. This is mainly from shifting funds over the off-chain LP's. for example, I sent 4500 LEO over to Arbitrum. To add to the pool, I had to swap some to USDC. Also, just want to note that all the Leostrategy based tokens, LSTR/SURGE/TTSLA are counted as LEO assets. At the end of the day, they are all "backed" by LEO and dependent on its performance for their success in the long run.

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Income report.

Here is the good news for this weeks post.

Our best week for income since June I think, topping the 500 LEO mark. The biggest contributor is the new off-chain pools, closely followed by the SURGE and TTSLA yields.

Over 200 sent out as weekly dividends and a good amount added to the pool rewards wallet. 7.734 LBI burned for the week. A very nice week and hopefully a sign of good income growth. Lets see how next week goes.

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Liquidity report.

I'll do a separate post later in the week (I know I've said that before and not gotten it done, but Friday morning I'll set some time aside to get it done). Liquidity has dropped as I removed funds to defend the LBI token price as best I could during the BRO collapse. Our BRO/LBI pool became exit liquidity, and LBI was pushed down well below the asset backed value.

Anyway, there are some good APR's available in these pools, and I'd love more LBI holders to participate.

Here is the trading volume for the pools over the last seven days. The BRO pool is almost empty, with just @risingstargame as the last with an LP position in that pool. I'd encourage them to remove what is left there and let the pool die off completely.

Take a look at our pools on Beeswap and see those juicy APR's.

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Conclusion

We come out the other side from the collapse of BRO, unscathed really. The pool positions on BASE and Arbitrum are doing very well for us, and the @leostrategy suit of tokens has boosted our income nicely.

Hope you all have a great week everyone.

Cheers,

JK.

Posted Using INLEO