RE: RE: Should LBI Limit Off-Chain Investments
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RE: Should LBI Limit Off-Chain Investments

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5y

There's alot of good points there. Sadly since dividends started, LBIs net earnings each week are 400ish LEO which is about 0.001% of the total fund. Works out to around 5% per year which is far from 20%. I've not converted LEO in a few months, it's just building up as a liquid balance until we have something to do with it. LBI was launched just before the Project Blank shilling started so I personally see the price of LEO today being fair because it was built on hype and nothing was delivered.

When you look at total holdings from the latest report, you can see that only 67% directly is LEO. This was a lot higher when LEO was worth more in dollars but our Kingdom holdings have increased while LEO has declined and this is the reason why the LBI token is 1.62 LEO each today. We earn 30%+ on CUBfinance and 5% net on LEO, one gonna grow quicker. We've not invested off the platform for months, a few weeks before dividends started if I remember correctly and even when we were investing into CUBfinance it was all into the bLEO/BNB LP. We converted CUB harvests into BNB and matched it off with whatever we had to convert that week so no LEO was converted to BNB. Our BTC/BNB, beltUSD, beltETH and CUB kingdom holdings were all got from weekly harvests, we never paid for any of them. I have written briefly in a few weekly reports that if LEO goes back to 50 cents, the LBI token will go down in LEO value. I would actually like to see the price of LBI go down in LEO value, same for SPI, the lower the HIVE price the better.

LEO has been going down while everything else has been going up. It's not that we've been investing alot off-platform. These CUBfinance holdings are not forever. As with SPI, I'll sell when I think the price is high and wait until the bear market takes over and then rebuy back in harder. We have to think about taking advantage of the market cycle stages and how we can increase our bags with a few transactions over long periods of time. I'd guess when we sell off our BTC/BNB LP and others hopefully within the next 3 months, alot of it will come back to our LEO wallet to lock in a higher floor LBI price. Right now we have 251k LEO and 233k LBI's circulating giving an absolute floor price of 1.08 LEO. Would be killer to achieve a floor price of 1.50+ LEO during year 2 but have to see what happens as time marches on.

Anyways, right now we need to find a way to build more LEO income to increase our net earnings each week and then we can talk about what to do with our weekly income. Staking has been enabled for CUBlife and will launch officially on Friday so this will help to grow income from that but other than that, I can't think of how to increase LEO earnings other than staking to earn more from curation. I dont wanna start converting CUB harvests to LEO because then it would be subject to a 60% cut as earnings.

@silverstackeruk: There's alot | Ecency