See What ROI DBOND Has Earned us as Investors and Operators in 1 Year

Hello SPIers, today we look into a project we launched around 14 months ago with @brofund called DAB. Since its launch the project has been growing from strength to strength and today, I will do a review to show what @dailydab have made for its investors in its first year and what it has made for SPI as well.

Before we start, please know that I have not pre-crunched these numbers. I am working it all out now as I put pen to paper. We hold 2500 DBOND in a shared account SPI and BRO have held for the best part of 3 years. We decided to add some DBOND to this account when DAB launched for long-term holding and we bought 2000 DBOND 13 months ago and another 500 10 months ago. For the sake of keeping things easy, we're going to say we've held 2500 for 1 year.

DAB's Token Eco-System

• DAB is a HIVE drip token that pays its holders a daily HIVE drip. It had no premine, no presale, no team rewards and is only minted to DBOND token holders at a rate equal to 15% of the amount of DBOND in circulation. DAB token is not pegged/backed to any asset, has no hardcap and its only use case is to reward holders with a daily HIVE drip. We mint DAB at a value of 1 HIVE each but the secondary market decides the trading price.

• DBOND tokens are backed and pegged to 1 HIVE each and when staked also act as a miner token that mints DAB. The advertised ROI is 15% based on average. As with any miner token, the more you have the more consistent your rewards will be. DBOND has a hardcap of 1 million, it had a public sale which ended around 6 months ago and now the only way to mint them is through either @dab-vote or by holding are RUG token.

• RUG token is an investment token that rewards DBOND each Friday. This project specializes in providing concentrated liquidity to LP tokens in return for a slice of the trading fees. 100% of the fees earned each week are converted to HIVE and sent to @rugem. 25% of that HIVE goes directly to @dailydab to increase its HIVE drips and the remaining 75% is paid to RUG holders in the form of staked DBOND tokens. The project is 7 weeks old and has had an average APY of 68%.

As an investor

From our 2500 DBOND we have...

• Minted 404 DAB tokens with a current market value of 808 HIVE (based on the current highest buy order price on hive-engine)
• Received HIVE drips from DAB equal to 348.58 HIVE over a year.

Because DBOND is pegged to 1 HIVE, our initial investment is still worth 2500 HIVE but our rewards are worth 1156 HIVE when combined giving us a 46% ROI for the first year.

I say ROI and not APY because DBOND are a no-risk investment. This ROI is our ROI and for individuals (you) it will be higher or lower depending on what actions have been taken. Someone who stakes DAB will receive daily drips of DBOND instead of HIVE might have a slightly higher ROI. People who sell DAB at over 3 HIVE will have a high ROI but at the same time have no daily HIVE drip coming in. Others who bought DBOND for 1 HIVE and sold them for over 2 HIVE exiting altogether more than doubled their investment. On the flip side, people have overpaid for DAB to get the HIVE drip only to see they need to mint DAB to keep up with the same HIVE drip. There are thousands of ways to play the DAB eco-system but the above gives an example of just buying DBOND and passively holding them for 1 year with no actions taken.

As an operator

As the operator, we basically own the HP that is not allocated to the DBOND token. Currently, the @dailydab account has 130,062 HP with 125,271 DBOND in circulation. We also sold a CLUB token (for perks) for DAB and raised HBD which we use to get coding work done and pay monthly dev maintenance fees. Lastly, we hold HIVE on @rugem which is being used to provide liquidity and buy back DBOND tokens for RUG rewards.

So it looks like

• 4791 HP in the @dailydab account
• 1591 HBD equal to 8408 HIVE
• 1086 DBOND equal to 1080 HIVE

Thats a total of 14,279 HIVE profit for SPI and BRO for its 1st year

1/2 the amount we've made in the @dailydab account has come in the last 3 months so it is speeding up. 6 months ago, the account was producing 100ish HIVE profit per week but since the launch of RUG, it's increased to between 300-400 HIVE per week profit.

Much like EDS, DAB/DBOND are 100% invested in HIVE and things will compound which is good for both investors and us as operators. Win/win. DBOND and EDS share many traits but one of the main differences between them is that @eddie-earner feeds into SPI while RUG feeds into @dailydab (which SPI owns).

Thats the Post

I think that pretty much covers everything, the post is already long enough. I try to write shorter 400-500 words post but without the help of AI to condense it, it looks like 1000 words is my present. lol.

I hope this post gives you a better idea of how much a DAB/DBOND investor can expect to make and how much SPI is making from running the project. Goes without saying, that SPI profits are 50% of the amount shown as it is a shared ownership project with BROfund.

Questions are welcome!

Click to view RUG Launch/Tokenomics Post

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Getting Rich Slowly from June 2019

Token Name	Main Account	Link to hive-engine
SPI token	@spinvest	SPI
LBI token	@lbi-token	LBI
Top XV token	@spinvest	XV
Eddie Earners	@eddie-earner	EDS
EDS miners	@eddie-earner	EDSM
EDS mini miners	@eddie-earner	EDSMM
DAB	@dailydab	DAB
DBOND	@dailydab	DBOND

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