Welcome to this weeks LBI token earnings and holding post
What is LBI?
The LeoBacked Investment (LBI) token is the first of its kind, the 1st token to be valued completely in LEO. Each LBI token represents a percentage ownership in the overall fund including all LEO, HIVE, off-chain and wallets operated by 
LBI is a long term HODL token based on SPI's model. Because these tokens are backed and valued in their primary assets, the value only increases. Think of it as putting $1000 in the bank and earning interest. In theory, you should never have fewer dollars. The $1000 is the LEO you give us to buy your LBI token and the interest is the earnings we produce with that LEO.
Earnings are still not great and we're being eroded from all angles. LEO.voter, HIVE content/curation and inflation are all now earning us half of what it used to because the price of LEO has doubled against HIVE over the past 6-8 weeks.
45% of our assets are staked LEO but because more people are using the platform or more posts are being created coupled with crazy high inflation, we are earning much less from LEO content and curation. Curation based on this week's income is equal to a 3.58% ROI.
Bought back some more LBI tokens this week, only 200 but we will buy back more soon. I have done a 100k LEO powerdown and will use this to buy LBI token back from the market at around 95% value. The price between LBI and HIVE fluctuates alot because its LBI which is a mixed basket of holdings into LEO and then into swap.HIVE to transact on hive-engine as the 5% buffer is added in to cover for this. The first 25k LEO powerdown will arrive in around 6 hours from this post being uploaded.
Our HIVE wallets are performing as normal, we have a few more HP and HBD added this week. The price of HIVE outperformed LEO this week but only by a fraction.
Converted harvests into BTC as I've been doing every week for the past few months, we are getting closer to having 5% of 1 BTC. I think that is pretty cool because this BTC has been bought from defi harvests and is pretty much for free. When you look at the LEO values, you can see that our BTC is already worth over 10% of our non-HIVE wallet and for free!! Our stable LP and EMP holdings are also from earlier defi harvests so most of our non-HIVE wallets have been got from harvest yields. Very happy we never compounded madly into CUB. It's currently down over 99.9%. We harvested nearly 3000 this week, thats a crazy amount when we think back to when it was trading at over $1 or even over $5 for a few days.
LBI token price is near touching 2 LEO again and things start to stabilize a little. Thats have a look at the coming back buy.
Based on a current LEO price in HIVE of 0.23, each LBI would be worth 0.46 HIVE and I'll be buying back at around 0.44 HIVE. The first powerdown is for 25k LEO, this is around 5,750 HIVE which would buyback around 12-13k LBI each week for the next 4 weeks. These numbers will change as the price changes but should give you a good ballpark figure and an estimate of funding to buy back 50k over the next 4 weeks.
I seen someone asking about dividends in last week's report. LEO earnings are lower than ever and most of our income is in the form of HP. We have been growing this HP stake to increase our delegation to leo.voter that will provide us with more liquid LEO each week but the price of LEO has doubled against HIVE so we earn half the amount of LEO each week from LEO.voter. LEO curation is paying out under 5% and there's not much we can do with that. To beable to start issuing dividends again, we need a good source of LEO income. LEO.voter is the best yielding but because its priced in HIVE, we have swings in rewards.
Thats about it, it will be interesting to see how quickly the buy wall gets wiped out. Thanks for checking out the report this week, have a great weekend.
Get LBI on LeoDex - https://leodex.io/market/LBI
Get LBI on Hive-engine - https://hive-engine.com/?p=market&t=LBI