This post has been compiled and uploaded to explain each part of the EDS ecosystem and how everything feeds into EDSI. By the end of this post, you should understand EDS completely.
EDSI is an inflation-proof HIVE income Bond/token. Each EDSI is backed and pegged to 1 HIVE with the price never increasing or decreasing. Investors simply hold EDSI in their hive-engine wallet to receive a HIVE income payment each Monday. No staking is required. The weekly HIVE income pool is equal to a 9% APY of the 
Weekly HIVE income pool formula
@eddie-earner HP Balance * 0.09 / 52.18EG,
100,000 HP * 0.09(%) / 52.18 (weeks in 1 year) = 229.97 (Weekly HIVE income pool)
EDSI is a 100% HIVE-based token so everything it receives is converted to HIVE and powered up to the main account
EDSI mintage is slow and is projected to take another 18 years before all 500,000 are in circulation. We have planned a slow release of EDSI tokens over a long period because we must ensure all EDSI that are minted are backed with 1 HIVE/HP each. Since its launch in August 2020, EDSI has never fallen under its peg and never will while under my management.
HP balance growth is built into the EDSI model through how it handles its HIVE and HP incomes against having to pay out HIVE incomes. HP growth is very important to EDS because it ensures the weekly HIVE income pool increases each week. We earn HIVE and HP through HP leases, delegations, HP inflation and content rewards from weekly update posts. We base the HIVE income payments on a 12% APY of the HP balance because this is the minimum amount we should earn from HP and any income over 12% is saved/compounded into the HP balance. We can earn 18+% based on getting 12-15% from private leases, 3% from HP inflation and 2-6% from content rewards. EDS-vote and EDSD boost this further again.
@eddie-earner HP growth works exampleIf we have 100,000 HIVE POWER
We earn an 18% APY equal to 345 HIVE per week
We pay out 9% of 100,000 as HIVE income pool equal to 230 per week
We can power up the remaining 155 HIVE to@eddie-eaner
This is equal to over 6% HP growth on the HP balance per year
This results in the EDSI HIVE income pool increasing by 6% per year making your HIVE income payment inflation-proof.
The End Goal for EDSI
The end goal is to sustainably mint EDS tokens into circulation that are backed by 1 HIVE each until all 500,000 tokens are minted. By this time, the
We will have an ever-increasing HP balance and a hardcapped token resulting in a higher HIVE income payment each week being split into a set amount of tokens. Inflation and future proof.
EDS has 2 sold-out miner tokens.
Both EDSM and EDSMM are set to reward a yield of 20% on average per year for 20 years in EDS tokens. Both miners distribute EDS using the same hive-engine code as many tribe miners use which is lotto-based. Below is some key information about EDS miners.
| EDS Miner Stats | EDSM | EDSMM |
|---|---|---|
| Minted | 2500 | 50,000 |
| Each sold for | 10 HIVE | 1 HIVE |
| Total HP raised | 25,000 HIVE | 50,000 HIVE |
| EDS Allocated for rewards | 100,000 EDS | 200,000 EDS |
| Reward draw frequency | Every 8 hours | Every 1 hour |
| Reward amount (20 rewards per draw) | 0.228 EDS | 0.057 EDS |
| EDS minted per day | 13.68 EDS | 27.36 EDS |
| EDS minted per YEAR | 4996.62 EDS | 9993.24 EDS |
Both miners combined mint 287.28 EDS per week, 14,990.27 per year. These mintage amounts are set in stone and will not change anytime in the future. This lets EDSI slowly and consistently mint new EDSI into circulation while being able to back them with HIVE/HP at the same time. Because EDS miner rewards are set, we are minting the same amount of EDS into a larger circulating supply each year which results in a decreasing EDS token inflation. EDS's inflation will drop to 0% in around 2042 when EDS miner rewards stop and EDSI hardcaps at 500,000 circulating tokens.
In 2024, we have 50,000 circulating EDS and EDS miners mint 15,000 tokens. This results in a 30% EDS token increase.
In 2039, we'll have 450,000 circulating EDS and EDS miners mint 15,000 tokens. This results in a 3.34% EDS token increase.
Impact of EDS miners on EDS
We sold 75,000 HIVE worth of miners and all that HIVE was powered up directly to the
Since EDS miners sold out, the EDSI APY has been on a slow decline as per its model. Between 2023 and 2024, the APY dropped from 37% to 28% with a current weekly decline of under 0.13% per week. As our HP balance/income grows and EDS miner rewards are set, the EDS APY decrease slows down to a point when it starts to increase. We call this the EDS flip. This is when EDS can produce enough income to pay both the weekly HIVE income pool and back newly minted EDS without having to eat into its HP balance surplus. EDS mining rewards are set but our HP balance earning and growth potential is unlimited.
@eds-vote?This curation account is set up to reward EDS tokens in exchange for HP delegations to
Each HIVE account gets 1000% of voting power each day (x10 max upvotes per day). We have split our voting power between proxy curation and small upvotes for
All HP earned from curation is powered down from
In the table below, you can see estimates of how long EDS-vote can run for depending on how much HP is being delegated in and how many EDS it will mint per year versus its allocation.
| HP Delegated in | Run Time | EDS Minted Annually |
|---|---|---|
| 50,000 | 20.62 years | 2000 |
| 100,000 | 15.14 years | 4000 |
| 150,000 | 13.52 years | 6000 |
| 200,000 | 12.23 years | 8000 |
| 250,000 | 9.80 years | 10,000 |
| 300,000 | 5.70 years | 12,000 |
| Delegating 1000 HP yields | NA | 40 EDS per year |
** Based on earning an average of 8% APY from HP curation
*** The EDS allocation set aside for
Impact of
EDS-vote powers down all the HIVE it earns from curation rewards and mints 1 EDS for every 2 HIVE it powers up to
Currently, EDS-vote funnels 400 HIVE per week into
EDSD tokens are EDS Dollars. EDSD tokens act as a HBD bond being backed and pegged to 1 HBD each. Investors can buy these directly through their HIVE wallet and cash out any amount with a 3-day cash-out time. All incoming HBD to the 
The reward model for EDSD is the same as EDS-vote with 50% of rewards being used toward minting new EDS and the remaining 50% being powered up to
When HIVEs dollar price is low, EDSD will mint more EDS and in reverse when the price of HIVE is high, EDSD will mint less EDS. From my POV, HIVE under $1 is cheap and when we think 10+ years out, under $1 is very cheap.
If we think long-term which we do, earning 20% with HBD is good but HBD will never increase in value and it is pegged to 1 dollar which is losing value/spending power due to inflation. Taking your HBD interest as EDS tokens that are pegged to HIVE which over time should increase in value might yield more long-term. Plus you'll earn a growing weekly HIVE income from your EDS rewards.
To make a case why EDSD could yield better than HBD savings wallet long-term. HIVE bottomed at 9 cents in the 2018-2021 cycle and has bottomed at 25 cents in the current cycle. Thats a 3x difference bottom to bottom which is much better than earning 60-80% from compounding HBD at 20% per year for 3 years. If you believe HIVE's price will increase each cycle as I do, it's a no-brainer.
Example
If HIVE goes to $2 in this coming cycle, all the EDS issued by EDSD at under 40 cents would be worth 5x the dollar value. This would be equal to earning a 50% APY for your HBD if sold at that time.
EDSD was started with a 500 liquid HBD kitty balance its holds in 
Impact of EDSD on EDS
All of the HBD interest earned from the
Everything under EDS (EDS miners, EDS-vote and EDSD) has been created for 2 reasons.
1 - As a way to sustainably mint new EDS into circulation
2 - To accelerate growth for the
We have the end goal for EDS to ensure all 500,000 EDS are backed to at least 1 HIVE/HP each when the hardcap takes place and because this is a #1 priority, this was factored in heavily when creating the models for EDS miners, EDS-vote and EDSD. We have also made each sub-project investment currency different. EDS & EDS miners are traded for HIVE, EDS-vote deals with delegated HP and EDSD deals with HBD covering the 3 main ways people invest within HIVE.
The EDS eco-system has been modelled to ensure EDS can not fail. I don't say that lightly either, it's not possible. By the time the last EDS is minted into circulation, the
@eddie-earner account currently has 110,000 HP (at time of writing)@eddie-earner after HIVE incomes are paid.@eddie-earner.@eddie-earner.If it takes 20 years for EDS-vote and EDSD to issue their allocations
Totals = 590,000 HP
I show the example over 20 years because EDS miner rewards will have stopped by this point and this will be the earliest time EDS will be able to hardcap. I have also not factored in HP compounding or increased earnings to show conservative numbers. It's better to set the bar low and then clear it by miles!
That is how everything within EDS works together and feeds into
This is no longer as easy question to answer because the answer is changing all the time. When EDS was only EDS and EDS miners, we could predict HP incomes and EDS miners mint a set number of EDS so this was easy. When we added EDS-vote and EDSD, they added a lot of new variables into the mix and we can no longer show charts and tables because they would be soon outdated. What if EDS-vote lost 100k in HP delegations as an example, this could add months to the flippening.
I can still look into my projection spreadsheets and make a decent ballpark.
Based on all of today's numbers as of 24th March 2024, the EDS APY bottom will happen in 442 weeks at 16.71% and then it will start to increase in 459 weeks. By the time we hardcap, we're projected to have 930,843.47 HP. These projections factor in HP compounding and earnings growth.
It's an ever-changing number but one thing is for sure, it'll not happen anytime soon and EDS is 100% for the long-term investor. Think of your EDS as burnt and now you get a lifetime of weekly HIVE income payments paid out each Monday. The flip will happen when EDS is ready, there are ways to speed it up but for the foreseeable future, we are minting EDS slowly into circulation, we're growing the HP balance nicely and EDS token holders are enjoying weekly HIVE incomes equal to over 20% APY. We are not in any rush, happy with growth and ok to let the model do its thing over time.
(Populated from questions in comments)
Last edit - 04/05/2024
Last edit - 03/04/2026
