Welcome to this weeks update from the @spinvest-leo account. This wallet manages a small portion of the overall @spinvest fund, and sends HIVE back to @spinvest each week to contribute to the pool of funds for dividends. This wallet is managed by @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 @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:
Minimal changes to the mix this week. I have continued staking all the LEO we earn, and we are slowly rebuilding our LEO stack. Once it gets staked, it then gets delegated to @meowcurator for passive earnings. Slow and steady for this. Everything else is unchanged, and the 50% of earnings that is not sent back to Spinvest is getting compounded to grow the ZING/HIVE LP position.
Current holdings:
SPS/BNB pool - $965 - up $23
SPS/HIVE pool - $652 - up $16
SPS/ETH pool - $1022 - up $4
SIM/HIVE pool - $561 - down $25
BXT/HIVE pool - $632 - up $13
ZING/HIVE pool - $11 - up $6
Staked BXT - $289 - down $3
Staked LEO - $5 - up $1
HIVE Power - $313 - down $9
Miscellaneous - $72 - down $4
(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 - $1320 - 29.18%
BNB - $490 - 10.82%
ETH - $542 - 11.99%
HIVE - $1241 - 27.44%
SIM - $281 - 6.2%
BXT - $605 - 13.38%
ZING - $6 - 0.12%
LEO - $5 - 0.11%
vexPOLYCUB - $34 - 0.75%
Commentary:
A mixed bag this week, with some small gains and losses. Overall, SPS was the best performer, and helped the portfolio maintain an overall positive week. After such a big jump last week of over $500 in value, I was expecting a bit of a pull back. To maintain growth in value in a choppy week is a good sign. It is really nice to see SPS performing better lately, and we are well positioned to benefit from future gains if they happen.
The income sent back to @spinvest this week is slightly lower than last week, mainly due to a smaller post payout amount. The returns from pools and staked assets are all fairly stable, broadly speaking. The biggest variable week to week is post payouts. For this report I have switched back to using the inleo front end - lets see if that makes a difference.
Totals and conclusion:
Total asset value last week: $4500
Total asset value this week: $4522
Weekly gain/loss: up $22 for the week
Total income generated - 59.452 HIVE
29.726 HIVE sent to @spinvest for weekly dividends. This is down 0.644 HIVE from last week.
Thanks for taking the time to read our weekly update. If you would like to learn more about @spinvest, and the $SPI token, check out the main account and review the weekly update post.