HBD Backed EDS tokens | EDSD Weekly Updates and Charts #2

Hello and welcome to this weeks EDSD post.

What are EDSD tokens?

EDSD Hive account@eds-d are the last to be released token from Hive account@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 Hive account@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 Hive account@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 Hive account@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 Hive account@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 2s 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 increased this week's HBD balance by around 260 which is decent. I hope to see this increase for the next while. People say I should have done this when HIVE was cheap and you guys would get more EDS on the HBD to HIVE conversion rate but it's too late just yet. HIVE bottom was 25 cents and it's 33 cents today, I'd say that HIVE is still very cheap, lol. It will be amazing when this hits 5000 HBD and we're getting 1000 HBD a year in interest.

This week the HBD reward pool was 13.64 HBD in total. This converted into 40.24 HIVE at a ratio of pretty much 2.95 HIVE for 1 HBD. It will be interesting over time to see how the ratio between HBD and HIVE looks on the chart. When HIVE is over a $1, the orange line will become the blue one. We're off to a good start.

We minted 20.12 EDS for Hive account@eds-d this week and is a great start. Only on week 2 and the account is earning 40 HIVE a week in interest and minting 20 EDS into circulation and this will grow over time. I see a few people are taking advantage of the recurring payment feature.

So, on week 2 we are already minting over 1000 a year, lets double that up.

Investors' Path Start to Finish

• Send any amount of HBD to Hive account@eds-d
  or
• Set up a HBD recurring payment to Hive account@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 Hive account@eds-d
• Receive your HBD back after 3-4 days

EDS Rewards paid out each Tuesday