Spinvest-leo weekly update post - 20 Jan 2024

Edit: i accidentally posted this from the wrong account - should have been from @spinvest-leo. Apologies for the mix-up. I will leave it as is now - no point in re-posting it.

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:

No significant changes this week to positions. Compounding earnings into the BXT pool, and the SPS pool this week as SPS has been weak lately and I compound into whichever pool is lowest value each day. This week that has mostly been SPS, so that and BXT is where the funds have gone. SIM has held value ok this week, and ZING is out in front.

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Current holdings:

• SPS/BNB pool - $1313 - down $53

• SPS/HIVE pool - $489 - down $24

• SPS/ETH pool - $1402 - down $98

• SIM/HIVE pool - $494 - down $19

• BXT/HIVE pool - $35 - up $14

• ZING/HIVE pool - $601 - up $1

• Staked BXT - $644 - up $78

• Staked LEO - $18 - flat

• HIVE Power - $294 - down $7

• Miscellaneous - $75 - down $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 - $1602 - 29.86%

• BNB - $665 - 12.39%

• ETH - $741 - 13.81%

• HIVE - $1104 - 20.57%

• SIM - $247 - 4.60%

• BXT - $662 - 12.33%

• ZING - $301 - 5.6%

• LEO - $18- 0.34%

• vexPOLYCUB - $27 - 0.50%

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Commentary:

Just plodding along this week. SPS drifting down is hurting our values a bit, but BXT had a better week so it softened the blow a little. I don't plan to change much in the short term, just keep farming and compounding. around 75 HIVE each week is a good amount to be sending back to @spinvest for the weekly dividends. I expect ZING yields to slowly decline as either more people fill the pool up, or the price drops.

The main thing I am waiting for is the launch of ZING LP's on other chains. I'd expect BSC and ETH to be most likely, and when that happens, I intend to downsize our SPS pools on those chains, and move some of those funds to the ZING pools to take advantage of the likely high early yields. This account is all about chasing yield, so that feels like a good play.

Not much else going on this week, just steady as she goes.

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Totals and conclusion:

• Total asset value last week: $5475
• Total asset value this week: $5365
• Weekly gain/loss: down $110

74.706 HIVE sent to @spinvest for weekly dividends. this is up slightly from 73.134 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.

This post authored by @jk6276 who will receive a 50% beneficiary on post payouts.

Posted Using InLeo Alpha

Posted Using InLeo Alpha