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.
Small increase in the HBD saving wallet this week, a win is a win and we love it. We're on our way to 7000 HBD and at this pace, we'll soon be one of the biggest HBD wallets on the chain. @eds-d is currently the 154th biggest HBD wallet, we should crack the top 100 by the end of 2024. Makes no difference but its nice to see the wallet grow.
Our HBD interest payment is consistently increasing shown by the blue line and the amount of HIVE we get for it is up as well. We seen HIVE moon from 32 cent to 38 cents a few days back but today it's back down to 30 cents so our HIVE conversion this week was good.
When our HBD interest payment increases and the price of HIVE drops, we mint more EDS and this is shown in the above chart. We mint over 35 EDS from @eds-d for the first time and it's good.
People say it's too late to buy EDSD because we're already in the bull cycle but HIVE is still trading for 30 cents so I dont see it. HIVE is a small marketcap crypto and its growth comes more towards the end of the cycle in 2025. There's still lots of time to buy HIVE cheap, believe that.
EDSD will continue to earn its HBD interest and convert it into cheap HIVE 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
edsd is more consistent in printing eds than i tho
and 35 eds a week is pretty nice to start
So far, its been working out really well.
And the thing i think alot of people miss is earning EDS is the same as earning HIVE which can 5x over the next 18 months and then on top of that, EDS sell for 1.20+ HIVE each.