Spinvest-leo weekly update post - 24 Feb 24

Welcome to this weeks update from the Hive account@spinvest-leo account. This wallet manages a small portion of the overall Hive account@spinvest fund, and sends HIVE back to Hive account@spinvest each week to contribute to the pool of funds for dividends. This wallet is managed by Hive account@jk6276. The main focus of this account is to generate yield to contribute to the weekly dividends for holders of SPI tokens. 50% of the income generated each week is sent to Hive account@spinvest to contribute to the weekly dividend. Primary holdings are positions in SPS liquidity pools, other BeeSwap pools, along with some Hive engine based investments.

Position changes this week:

No changes this week - we just compound what we can, and cash out roughly half of income to HIVE to go to Hive account@spinvest for dividends. Income is well down on where it was a month or so ago, with ZING being the main change. The pool yield has dropped as it has matured (expected), and the value of that yield has also dropped (again expected). The next boost to yield is likely to come along from COLONY, when it starts the daily airdrop to SPS stakers. I considered swapping some HIVE pool funds into GLX to get a big drop at the start, but have elected not to. We will build our COLONY position slow and steady.

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Current holdings:

• SPS/BNB pool - $1129 - up $2

• SPS/HIVE pool - $492 - down $6

• SPS/ETH pool - $1132 - up $16

• SPS Staked - $551 - down $24

• SIM/HIVE pool - $481 - down $12

• BXT/HIVE pool - $199 - up $8

• ZING/HIVE pool - $397 - down $38

• Staked BXT - $636 - up $1

• Staked LEO - $26 - up $1

• HIVE Power - $303 - up $5

• Miscellaneous - $59 - up $2
  (vexPOLYCUB, liquid ETH & BNB)

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 - $1928 - 35.66%

• BNB - $575 - 10.63%

• ETH - $587 - 10.86%

• HIVE - $1088 - 20.12%

• SIM - $241 - 4.45%

• BXT - $736 - 13.61%

• ZING - $199 - 3.67%

• LEO - $26 - 0.48%

• vexPOLYCUB - $28 - 0.52%

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Commentary:

Pretty much sideways overall for the week. A couple of little ups and downs, but ZING is probably the only real move of note, down $38 for the week for the ZING/HIVE pool. Net decrease for the week in value of $45 is insignificant really. 38.791 HIVE sent for dividends to Spinvest was almost identical to last week, which is good as it means that maybe the big drop in yield has stopped, and this is the weekly number we can work on building up over time.

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Totals and conclusion:

• Total asset value last week: $5450
• Total asset value this week: $5405
• Weekly gain/loss: Down $45

38.791 HIVE sent to Hive account@spinvest for weekly dividends.

Thanks for taking the time to read our weekly update. If you would like to learn more about Hive account@spinvest, and the $SPI token, check out the main account and review the weekly update post.

This post authored by Hive account@jk6276 on behalf of Hive account@spinvest-leo. 50% beneficiary set to Hive account@jk6276