Welcome to this weeks update from the 
Position changes this week:
The main change this week is a continuation of the SPS unstaking. As stated previously, the combined SPS holdings in liquidity pools is considered more than sufficient weighting for this wallet. Most of the funds from this unstake have continued to be moved in to the BXT position, which is now looking quite solid.
Current holdings:
SPS/BNB pool - $1098 (down $37)
SPS/HIVE pool - $1115 (down $23)
SPS/ETH pool - $1110 (down $51)
SPS Stake - $169 (down $101)
BXT/HIVE pool - $1045 (up $74)
Staked BXT - $309 (up $5)
HIVE Power - $264 (up $8)
vexPOLYCUB - $46 (flat)
ETH liquid - $30 (flat)
BNB liquid - $12 (flat)
Asset exposure
Using the above values, and splitting pool positions into their components, we can calculate the total exposure to each asset for this wallet.
SPS - $1831 - 35%
BNB - $561 - 11%
ETH - $585 - 11%
HIVE - $1344 - 26%
BXT - $832 - 16%
vexPOLYCUB - $46 - 1%
Commentary:
One of the main things happening is that the APR earned by staked BXT tokens seems to be drifting lower. I like it as its HIVE liquid yield, but with the apr dropping, it might make more sense to unstake those tokens and add them to the liquidity pool instead. The APR for the staked BXT is now just under 10%, while the BXT/HIVE pool is around 24%. Feels like steadily unstaking BXT and moving it into the pool is a better option.
I am also looking at which pool will be the next one I start building a position in. I'm now looking at two options, either the HIVE/BNB pool - which carries an APR of just over 20%, or the HIVE/SIM pool. For those that are not aware, SIM is the primary token for the dCITY NFT game. This pool yields in a couple of ways. The LP itself earns a small amount of BXT, and a decent yield in the SIM token (around 20%) plus some other Hive engine shitcoins that appear to be worthless. However, that is not the end of the yield, as the SIM you hold in the pool also counts to your "SIM power" in dCITY. SIM power is based on a 30 day average of your SIM holdings, and pool liquidity is included. SIM power yields around 30% in liquid HIVE, paid out daily.
So this combination of yields make this pool attractive to me. 20% on the total pool liquidity, paid in SIM, plus 30% on the SIM pool component, as liquid HIVE. Moving into this pool is definitely the higher risk option, compared to the safer HIVE/BNB option. In addition, I have not really followed the progress of dCITY for a while, so I'm not sure on the long term viability of the SIM token. However, building a position in the LP is liquid, and the position can be exited without any unstake period.
What do you think?
Totals and conclusion:
- Total asset value last week: $5323
- Total asset value this week: $5198
- Weekly gain/loss: Drop of $125 for the week.
100 HIVE sent to for weekly dividends.
Thanks for taking the time to read our weekly update. If you would like to learn more about
Also, last week I posted the update into the Spinvest community, which has not been used for ages, and suggested we revive it now with the communities function on the Leofinance front end now live. Anyway, it seemed there were some technical glitches and people couldn't see the community within Leofinance. It seems that has been fixed, and you can click here for the Spinvest community
I would like to see this become the home for all Spinvest related content, but that is really up to others to jump on board, and fill the community up with threads discussions and long form content.