SEED Holdings Report #52 - alts rotation, SEED buybacks & Third tr...

Hello everyone, March is almost over, and with a steady rise in temperatures and the Spring on the horizon, it's time for a regular holdings report.

For today I have updates on a few diverse fronts.

Swapped our ETH position entirely for ORN at an average price of 0,92$/ORN.

ETH is great, but it won't beat the explosive earnings (in the short term at least) which will be yielding lower caps when another round of growth happens. ORN is one of those projects which have been followed for ages, and I believe they are building something special. But on the economical side, the bear market and the bad decisions from 2020-21 destroyed the token price-wise.

I could keep talking about 'reasons', but the only thing I know it's that when the time comes. this thing will fly x5-x10 easily.

Bought back 4K SEED more at an average price of 1,45$, Hive account@seed-cold now holds 12K SEED. That's over 12% of the total supply! This strengthens the project completely as it opens the door to different possibilities in the future. Not to mention it's less floating supply.
For the third time, and after giving it a lot of thought I've decided to add some liquidity (200$) to the SEED-HIVE pool. I'm keeping it simple and conservative:

No rewards associated with the pool. So no burden.
Intention is to add very small amounts over time but always prioritize accumulating HIVE/HBD into Hive account@seed-cold.
SEED added will come from the open market. Not from the 12K which we already own.

This should help to alleviate the huge gap in HE 'over time'. At least to allow very small purchases for users who like to transform posting rewards into SEED without a gap in HE of 1$ or more. There's literally no sell-side and some users try to game this. I have no problem with that but at least we'll be taking a small cut from the pool fees.

Let's take this approach from here and see how it evolves over time. I'll be keeping track of the liquidity pool numbers in the same way as I do with the HIVE and HBD accumulation chart.

This is how we're standing:

As you can see, my fellow reader, I've consolidated the HIVE and the HBD which we're accumulating through Hive account@seed-cold into the 'core' section.

I've also added another section called 'Pool' with the snapshot of the pool numbers at the time of making the report.

We consolidated a bi this week as we can see in the bar chart (although this numbers isn't 100% accurate as I'm not counting the value of the SEED tokens held by Hive account@seed-cold.

This couple of weeks we powered up +1148 HIVE and since I've returned our debt denominated in DAI/USDC I'm counting the 5K HBD that we had already in savings. Apart from that, we added +30,35 HBD in savings.

And as I've said before I'm adding another chart for the progress of our SEED-HIVE liquidity pool. the numbers are pulled directly from beeswap.

Current SEED Stats

Circulating supply: 100K (full released)
Total value of AUM: 140800$
Backed value of each SEED: 1,4$
Backed value of each SEED discounting owned by Hive account@seed-cold (12K SEED): 1,59$ (140/88)
Redeemable value of each SEED: 1$