We've moved LEO funds - Get the scoop!

Hello SPIer's, 2 days ago i wrote about SPinvest-leo powering down it's LEO balance to get involved with the CUB.finanace bLEO/BNB LP and this is an update to show that's it done.

For those that are unaware, Hive account@jk6276 runs the backend for the spinvest-leo and this investment was his idea. He'll be the one with the responsibility and the one running it. He has served us well with the LEO and tribe curation and our wLEO/ETH LP so I'm confident enough he'll do us proud.

Yesterday morning, there was 9500 LEO in the spinvest-Leo account so I transferred over 500 LEO from the Eddie-earner account to bring JK's total to 10,000. After this, he converted it all to bLEO. While he was doing that, I cashed out all of our wBTC/ETH LP for $14,000 (cost price $5500). I had planned to cash out 50% but with ETH's recent pump to over $3400, the IL has actually left us -$70 in fees somehow so I cashed the lot out as I hate ETH fees and it wasn't making us money. I used Binance as a bridge so that was free. The fees were around $65 to cash out the LP, $12 to send the ETH to Binance, $16 to send the wBTC to Binance. I could have converted to wBTC to ETH on UNIswap but the fees were around $80 so instead I converted the wBTC to ETH on Binance for almost free and then paid like 30 cents to send it to our BSC wallet. After this, I converted enough ETH to get enough BNB to cover a 10,000 bLEO LP which was just under 9 BNB and sent it to the spinvest-leo BSC wallet.

About 15 minutes after this, JK sent me a snapshot of our new bLEO/BNB LP. The below snap is an up to date one that JK sent this afternoon. The CUB/BNB LP is not included in this, JK's had this one for a month are so and i think his plan is to just compound this down and grow it. You can see that we are already down 350 LEO but this is the LPing game.

Here's is a snap from JK's update

Since being set up, the bLEO/BNB LP has earned us 32 CUB which have been converted to 121 bLEO. The result for this week and 36 hours of farming is 60.8 LEO being powered up to the spinvest-Leo account and 60.8 being sent to spinvest as earnings.

We're off to a great start and I thought I would write a quick post to sure the news that is has been set up and is now running. You can expect SPI dividends to increase a little next week :)

Thank you for taking the time to read this post.