Hello and welcome to this weeks EDSD post.
What are EDSD tokens?
EDSD @eds-d are the last to be released token from @eddie-earner because now all 500k EDS are allocated. Some will be aware that I have been itching to release an HBD-backed token for EDS for a long time but I could never think of a good model. I was thinking how can EDSD compete with the 20% APY being offered for saving HBD currently? This was the wrong way of thinking, let me explain.
I am aware that there is a demand for EDS tokens because they have a small mintage and pay out a handsome HIVE income equal to over 25% APY. We seen from @eds-vote that investors were happy to split rewards and receive 50% of the curation rewards as EDS with the other 50% being powered up to @eddie-earner which increases the EDS HIVE income pool. Win/win. EDSD is based on this model.
EDSD tokens are equal to a HBD Bond that you buy, hold a long time, get a yield and when you want your HBD back, you convert your EDSD back into HBD. All HBD collected from issuing EDSD is added to the @eds-d saving wallet. 100% of the interest earned is converted to HIVE with 50% used to mint and issue EDS at the value of 1 HIVE each to EDSD token holders and the remaining 50% being powered up to @eddie-earner. Basically, 100% is powered up and we issue EDS rewards on half the amount powered up.
After you exit, assuming you stacked your EDS, you will have an HIVE income for life or at least as long as mine, (38). The longer and more EDSD you hold, the more EDS you will get and the higher your HIVE income will be. Pretty simple, buy it and forget about it. EDSD will not last forever as they have a set amount of EDS allocated to them and when the allocation is done, EDSD will either wrap up or introduce another reward. We're talking a few years, not a few months.
For full information about EDSD and FAQ's, please click below
Week 25s Update
Get ready to embark on another rollercoaster ride through the wild and wonderful world of EDSD with our Weekly Report. This edition is juicier than a pineapple at a tropical crypto party, price shenanigans, and tech breakthroughs that even Elon would raise an eyebrow at. Let's get into it.
We saw a nice pump in the circulating EDSD supply to 6590 this week. We had x1 3-figure cash-out and x1 4-figure buy which is ok with me as long as more EDSD are in circulation.
The HBD interest payment for this week was 24 HBD which converted in 104.34 HIVE at a ratio of 4.35 HIVE to 1 HBD. This is the first time we have converted an interest payment into over 100 HIVE and with our continued growth, it will not be the last time. Ideally, HIVE corrects back to 30-32 cents before 20-22 cents becomes the new norm but I said the same when it drops from 40 cents down to 30 cents. I cant see it dropping to 10 cents but if it does, EDSD will be minting out massive EDS rewards.
Talking about rewards, this week EDSD minted 52.18 EDS which is amazing when I said only 3 months back I was happy that EDSD was minting around 25 a week.
Of course, none of this growth is possible without the support of EDS fans so big pat on the back. Next target, 100 EDS minted a week!
Investors' Path Start to Finish
- Send any amount of HBD to @eds-d
or - Set up a HBD recurring payment to @eds-d (for Saturday Savers 🤑)
- Receive EDSD in your hive-engine wallet a few moments later
- Hold EDSD to receive weekly EDS rewards each Monday
To exit
- Request cash out in the weekly EDSD post
- Send your EDSD tokens to @eds-d
- Receive your HBD back after 3-4 days
