Yesterday I paid out the Weekly Delegation Payments for our Community Curation Project and in the process I did a bit of a review on the project finances. Hive has been doing well recently and the project has been running fairly smoothly, but we still want to stretch our raised funds as far as we can so (as promised) I’ve started tapering off some of the leases we acquired through Hive-Engine. We only have 1 x 5K lease left on there and I didn’t pay to renew it yesterday so most likely it’ll drop off in the next day or so.
That should put the Hive Power for Precious at around the 430K mark and I’m cautiously confident that we can hold at that level and fund our off-market leases well into 2025. We still are holding project funds in the SWAP:HIVE – SPS Liquidity Pool which currently contains about $185 worth of value and we have accumulated a bit of LEO Token on the community account which I’m also selling off.
Our current Powerdown yields 812.341 Liquid Hive per week and our Weekly Delegation Payments will now drop to 872.91 so the deficit is closing a little. However, the current Powerdown will expire in January and the next one will yield less. It’s hard to know just how much less but that’s the tricky part about managing the project funds and tapering off our Hive Power leases this way.
I am cautiously confident that we can stretch the current funds into late February or early March 2025 and so the community can decide a bit later what to do next. The Monster Raffle fundraiser has always been a big hit every time we’ve put it together but I don’t think we’ve yet held one during a raging Bull Market. Personally I’d wonder if it’s a wise decision to be raising Hive if the price is going on a tear and, lets face it, that’s what we all hope will be happening in early 2025.
It’s a good problem to have because if the Hive price is going strong then our Upvotes and Author Rewards will also be going up, so it wouldn’t matter so much if we decided to keep tapering off our Hive Power and stretching the existing project funds while the going is good. Regardless it’s not a decision we need to make right now but something to keep in mind for down the road.
