HBD Backed EDS tokens | EDSD Weekly Updates and Charts #011

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 11s 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 finish this week 70 HBD shy of 5k, we might hit it next week and we'll be earning 1k a year. For only being 11 weeks old, I think thats really good and im very happy with this. As with everything EDS-related, we've received great support for this. If the trend of the above chart can continue, I'd be a happy camper.

The crypto market is bleeding and HIVE is down 21% so this weeks HBD interest payout gets us more HIVE which is turn mints us more EDS.

You can see our HBD interest (blue line) has been steadily increasing as we issue more EDSD tokens. The orange shows the amount of HIVE our HBD converted into. This orange line is basically a weekly HIVE price chart but in reverse cause we're buying HIVE not selling it. I dont know how to explain that one. When the price of HIVE goes up, we get less and when the price of HIVE goes down, we get more.

Anyways, we got way more HIVE this week compared to last week. 25% more.

Good EDS mintage with 24.65 being put into circulation about 15 minutes ago. This is our second-best week so the only way is up... fingers crossed. Of course, the price of HIVE heavily factors in and I'd assume the trend for the next 12-18 months would be less EDS being minted as the price of HIVE increases overall.

We can fix it easily, just buy moar EDSD tokens and HODL them to mint EDS!

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

EDS Rewards paid out each Tuesday