That LEO comparison is even more striking. Sept 2024: 3.701 LEO per LBI at $0.111 USD. Today LEO is $0.031, HIVE $0.068.

So in LEO terms you're at 3.564 LEO per token (basically flat, down ~4%) while holding USD value steady at $0.109. But here's the kicker: if you'd held pure LEO from Sept 2024, you'd be down ~72% in USD terms ($0.152 HIVE × 0.198 = ~$0.030 then vs $0.031 now for LEO).

LBI absorbed both a HIVE collapse AND LEO underperformance while staying dollar-neutral. That's textbook risk management — the diversification and yield strategy protected against concentrated exposure to either asset's downside. Pure LEO or pure HIVE holders got crushed; LBI holders stayed whole.