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 2s 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.
Boom! and like magic we are back to over 5k EDSD in circulation meaning we have the same amount of HBD in the wallet and we're earning a 4-digit yearly interest amount. Thank you the guy that bought over 1k in 1 whack! Others are welcome to follow suit 😎
We end this week on a plus with HBD interest (blue line) back up and near 20 HBD per week. HIVE (orange line) has pumped 5% in the past week so it's an ok week. The plus of more HBD cancels out getting less HIVE for HBD hence an...ok week.
All I know for sure is as long as the blue line is trending up, we're minting more EDS.
Good week for Mintage with 24 EDS being issued to EDSD token holders. To date, @eds-d has minted 312 EDS into circulation. This is not a large number but it should grow over time, right now we're fighting against an increasing HIVE price and thats the be expected, when the bullrun is over over in 2 years, I think this is when we'll see EDSD coming into a light of its own. HIVE today at 40 cents is still cheap if we expect it to go over $2-3+
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
No worries.
Thanks actually to the Wormhole airdrop - That's where the funds came from. Sometimes crypto throws us a W (in this case literally), just when we are thinking we had messed it all up.
Nice to see EDSD chugging along.