HBD Backed EDS tokens | EDSD Weekly Updates and Charts #012

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 12s 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.

Yee-haa, we our now over 5000 HBD strong and that means we are earning over 1000 HBD per year. Not that important but the more the better, right? Of course, yes! I am really enjoying this growth, each week we get a little stronger, earn more HBD interest and convert it into HIVE to mint more EDS and add HIVE to @eddie-earner.

HIVE decided to jump 8% in the past 24 hours so we got less HIVE (orange line) of our earned HBD interest (blue line). The blue line should slowly increase over time as EDSD matures and catches the eyes of more people. The orange line is just going to be a see-saw act each week cause we cant predict what HIVE will do from one week to the next. With HIVE being up 17% from last week, getting 43.55 HIVE is not half-bad.

Less HIVE means less EDS being minted. I have just shipped 21.78 EDS to the eds-d account to be issued to EDSD token holders already so you should ahve got your reward already.

Just an FYI.
You can send EDSD to @ eds-d to cash out but never send EDS to @eds-d because it will get distributed to EDSD token holders and you make alot of new friends. The same goes for @ eds-vote, if you send EDS to that account, it'll distribute them to @ eds-vote delegators.

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