Some things have changed for LBI lately, in terms of our asset base and direction. This post will cover off some recent updates and then hopefully I can get the full update post out tomorrow (or maybe Monday) with the specifics.
After chatting with a few people on discord, it was pretty unanimous that it would be a good idea to shift away from HBD as our back up store of value, in the short run anyway. HIVE was drifting ever lower, and it felt like the HBD peg breaking was approaching inevitability. We held 1000 HBD directly in savings, and another 1000 as EDSD (a fully HBD backed part of the 
The EDSD withdrawal completed, and it has been trickled into a few things, but mainly SWAP.BTC. The HBD from savings was (mostly) converted using the blockchains conversion method. The crypto gods blessed us with favourable market moves (Hive went back up a bit) and the value of that conversion ended up being 130 HBD (Hive equivalent) more than we started with. Rather than just adding that gain into assets somewhere, I decided to sent it out as a one off bonus dividend to all LBI holders.
The main goal of the shuffle was to increase the BTC holding we have, as a hedge against HIVE dropping lower. BTC is the best store of value in crypto (arguably) and when everything looks doom and gloom, I'd rather be sitting on BTC than HIVE or HBD or whatever. We have built up so far to 0.0123 liquid SWAP.BTC in our main wallet, plus a little more in the LP with cent, and some P.O.L. in the LBI/SWAP.BTC pool.
Overall now the portion of our funds assets in BTC is over 10% now, and likely to add more. I still have 5000 liquid HIVE and 600 liquid HBD to work with.
We have been doing very nicely with HSBIDAO. The pool with THREE (in the 
The 
Despite the recent baby boom and overall burst of activity, we have retained our number 1 position on the leaderboard, but a number of accounts are rapidly closing in. I have used profits to buy a couple small packs to keep us on top, but we will undoubtedly be overtaken at some point. 
Guilds are coming to the game as the next major update (no timeline yet). I do think that we will set up and lead a guild. What I am thinking is to make a requirement to enter the LBI guild being a small holding of tokens in the LBI/HSBIDAO pool. Something around 20 LBI paired with HSBIDAO minimum requirement, just to show commitment to the position. I won't be worried about the size of your THREE account in game, just want to build a guild for LBI holders really. As top of the leaderboard, I am wary of building a guild stacked with top accounts to dominate too much, the game needs balance and LBI has an important role to play to ensure we don't become a problem for the games growth.
Anyway, with guilds on the way, if you want to take a look at the game and have not yet joined up, here is our referral link
The amount of LBI in the pools has been solid lately. 11.2% of all LBI are held in pools, which gives decent liquidity to the token. My main goal would be now to grow the depth of the SWAP.HIVE pool, and for it to take over from the LEO pool as our deepest. HSBIDAO also hold nice depth and is neck and neck with LEO pool for liquidity.
I have in the back of my head a plan to cut costs, for both the weekly dividend payment and also for liquidity pool rewards. Having to constantly buy BEE to renew pools is an expense I'd like to avoid if possible. I've got something in mind, but it is probably a few months off.
Rewards for the SWAP.BTC/LBI pool have just been renewed.
Here is what the current performance of the different pools looks like:
Well there you go, I think those have been the main changes over the last couple of weeks. Hit me up in the comments if you have thoughts or questions or concerns at all.
Sorry, it's a fairly wordy post, but I just wanted to cover off some stuff quickly. Thanks to those that expressed thought in discord about the move from HBD, I thought it necessary but didn't want to pull the trigger without opinions of holders.
Here is what our current asset mix looks like. This little HIVE price increase in the last few days has pushed us back to $9,500 total fund value. It will be interesting to see where we go from here.
Thanks for taking the time to check out this post.
Cheers,
JK
A little footnote: we are completely sold out of LEO now. Our LEO premium runs out in two weeks and that finally link to the LEO eco-system will be gone. If LBI holders want to keep a connection to LEO, the LEO/LBI pool will remain active and supported as an option.
