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
Position Changes This Week:
A much more settled week for this wallet, compared to last weeks dramatic changes. Settling in to our newly updated portfolio, not a lot has changed overall. I am unstaking our staked SPS position, as the liquidity pools provide plenty of exposure to SPS and our stake is not really being used for as it should. Each week, as SPS unstakes, I swap some to HIVE to cover the weekly 100 HIVE transfer for dividends. Remaining funds are currently going to continue building our BXT position, boosting the BXT/HIVE pool on BeeSwap.
By setting the 100 HIVE aside at the start of the week, then I can simply compound all earnings into positions during the week. Once the SPS unstake ends, then I will have to revert back to swapping income out to HIVE until the 100 level is hit, and then compound the rest till report time.
Once the BXT/HIVE pool is around a similar value to our other LP positions, the next target is the swap.HIVE/swap.BNB pool. This carries a decent APR rewarded in BXT tokens, and will increase our BNB exposure gradually over time. It is probably still a couple weeks away before I start building this new position.
Current holdings:
SPS/BNB pool - $1135 (up $23)
SPS/HIVE pool - $1138 (down $48)
SPS/ETH pool - $1161 (up $9)
Staked SPS - $270 (down $80)
BXT/HIVE pool - $971 (up $83)
Staked BXT - $304 (down $7)
HIVE power - $256 (down $3)
vexPOLYCUB - $46 (down $1)
Liquid ETH - $30 (down $1)
Liquid BNB - $12 (down $1)
Commentary:
A bit of a random week. The drop of SPS is obviously because of the power down. Likewise, I pulled a small amount out of HIVE/SPS, explaining its small drop. Overall SPS itself is slightly up for the week, so all is good. BXT dropped a little this week, offsetting some of the added funds put in this week.
The overall portfolio value remains virtually unchanged from last week, which is a really good result as last week we had a really big jump (beyond the the top up funds added from Spinvest)
Overall, very happy with the week, and looking forward to seeing what next week brings.
Totals and conclusion:
- Total asset value last week: $5349
- Total asset value this week: $5323
- Weekly gain/loss: drop of just $26 for the week.
100 HIVE sent to @spinvest for weekly dividends.
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.
P.S. Now that the new communities option on Leofinance is working, I have posted this update post (and will do so for future posts) straight in to the Spinvest. Hopefully it shows up and we can get this Community operating again.
@silverstackeruk may have to update some things, but it would be nice to have all Spinvest (and connected projects) content in the one place.