Hello and welcome to this weeks EDSD post.
What are EDSD tokens?
EDSD @eds-d are the last to be released token from @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 @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 @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 @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 @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 9s 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've had our first 2 cashouts this week, I will not publicly name and shame them because I value repeat business, haha.
This does not a button of difference to the rest of us, the yield we earn from EDSD is to set to half the HBD interest we earn. You yield is the same if there is 1000 HBD or 2 million HBD in the savings wallet. We where getting close to 5000 HBD but hey, we'll get there just a little later.
besides...
The price the HIVE mooned over 20% this week which means we less HIVE for the HBD interest. I understand this will be offputting to people as the price of HIVE increases and EDSD gets less HIVE but we need to remember that EDSD is a HBD token.
Let me phrase it another way. Is it better to earn 20% from HBD are 10% from EDS in a bull market?
If you expect the price of HIVE to at least double in the coming bullrun, then getting EDS which is pegged to 1 HIVE and currently trading at over spot is the better selection. If HIVE goes to $2 from here, the EDS you receive today would be worth 5x more are 2.5x more than HBD interest. Sounds like a sells pitch but its true. Converting HBD into EDSD could yield you much more than earning 20% in stable token interest if you expect HIVEs price to increase.
Mintage is down this week, just under 20 EDS were minted. We are still small potatoes here with mintage but recurring payments keep coming in and everyday we have new HBD to add to the savings wallet so it'll increase slowly and surely over time. In 3-4 years, we'll have 20,000 EDSD issued and minting tons of tokens but for now, we're doing ok.
Investors' Path Start to Finish
- Send any amount of HBD to @eds-d
or - Set up a HBD recurring payment to @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 @eds-d
- Receive your HBD back after 3-4 days
After some time I will get them to Ins by delegation in the same way because this project is very strong.