Welcome, thank you for the nice comment.

You missed 1 thing at the end. The HBD interest is all converted to HIVE but after that, it is split into 2 parts. 505 of the HIVE is used to mint EDS tokens at a value of 1 HIVE each and the other 50% is powered up to the @eddie-earner account. Effectively all the HIVE is powered up which increases the weekly EDS HIVE income pool.

The EDS income pool is equal to a 12% APY of the @eddie-earner HIVE POWER balance so the more HIVE we power up the higher the HIVE income pool will be each week.

You can check this post out for more information