With 2024 almost behind us, I thought it might be a good time to look at the year ahead, and what we might do with the LBI investment fund. Over the last year the fund has been re-launched under new management, we brought our off chain assets back on to HIVE, and started to build a HIVE and LEO based income and growth fund. With that said, I don't feel that the job is over of turning the ship around, rather I feel like we are just getting started.
LBI is no get rich quick token. It is a mature investment with a history and track record over years. Initially, @silverstackeruk launched the fund off the back of his success with SPI (@spinvest). The fund rode an early wave of success along with LEO (with the project known at the time as Leofinance). It then struggled like most during the deep bear market and difficulties over the last couple of years. Just like Leofinance rebranded and relaunched as Inleo, so to the LBI project underwent an overhaul to re-imagine what it is and what it could be.
Over the last 22 weeks, we have set LBI on a new course, designed to diversify income streams, and build a fund that it based around LEO, but with holdings across a number of other HIVE based projects as well. This approach is not just good for LBI token holders, it is also good for LEO itself. Generating HIVE revenue, and converting it into LEO to distribute through our weekly income split adds regular buying activity for the LEO token, and also importantly some velocity for the token. LEO is bought (usually out of the liquidity pool generating fees for LP's) and then sent out, some to LBI holders as dividends, some back to the fund to build more investments, and small chunks in other ways. All of this spreads out the LEO token, and adds volume to LEO markets.
To get an overview of where we are currently, here is our full asset spreadsheet:
And last weeks full income statement:
Let's break down each of our wallets, like I do each week in the income and asset update posts, to look at the plans for the year ahead.
HIVE Wallet.
I'd love more HIVE Power, to delegate to boost our income. @leo.voter's has become much more reliable, and is definitely a delegation I'd like to build over the year ahead. I think a good target for this would be 20,000 HP delegation (we are at 9,000 currently). I'd like to boost our BRO delegation also up to at least 5,000, and maintain our PWR around 10,000. So all up, to hit those goals we would have to add around 13,000 HP over the year, which works out at 250 per week. Currently we are well below that number, only adding around 50 to 100 per week. Much to be done to achieve that goal.
I have started an unstake of some of our HBD, and will have just 2000 HBD remaining in savings once that finishes. I have some plans for those funds, but suffice to say for now that they will be invested in HIVE valued assets to boost our long term growth profile. I'm not excited about boosting our HBD balance in the short term, but it may become a focus later in the year. No target for the year beyond maintaining 2000.
Goal 1: 35,000 total HP, adding 13,000 over the year.
Hive Engine Wallet.
This is the biggest portion of the fund currently. We are at our target of 200,000 LEO, and my goal is to just maintain that. 200K is a good bag, we are set if LEO does what many are expecting and performs well. I'm not feeling the need to grow beyond that, we need to make sure there is plenty of LEO to go around. Concentrating too much in the hands of a few whales is not healthy for a growing platform, imho. I don't want LBI to be a part of that problem. My goal now is to build our income, not our bag. Growing other assets, like BXT and INCOME, so we have more funds flowing through our income distribution it my goal for the year ahead.
Goal 2: 2500 BXT (up from 1122 currently)
Goal 3: 300 INCOME (up from 138 currently)
@lbi-eds wallet.
Here is were income growth will build over time. The way EDSI is designed is genius, and with our EDSMM miners we are well positioned to build our EDSI position passively. The math's is simple on this - ours EDSMM should mint us 800 EDSI in 2025, and our HP delegation a further 200. So that means at a minimum we should have 1420 EDSI roughly, with all things remaining equal. I'd like to do better than that, so lets set a goal of hitting 2000 EDSI by the end of 2025. Watch this space, I hope to have something to announce in the coming days to boost this up.
Goal 4: 2000 EDSI (up from 427 currently)
@lbi-dab wallet.
Similar to the EDS wallet, this DAB wallet is designed for passive growth. If SSUK maintains the returns he is currently getting on the RUG token, we should be able to grow by 50 DBOND per week. This adds up to 2600 over the year, on top of the 3200 we already have. The DAB mintage at the end of all this depends on a number of factors - primarily on us growing our percentage of the overall DBOND tokens. So, lets make this goal a little challenging and set 7000 DBOND as our target. As you can see from the above, 5800 is realistic through letting it happen passively. 7000 will require a bit more funds added or some other creative ways to boost our position.
Goal 5: 7000 DBOND (up from 3200 currently.
@lbi-pwr wallet.
Here we grow by 2.5 Hive value per day, from a combination of pool rewards and the delegation from the main HIVE wallet. Currently the wallet has a HIVE value of 1477. Add 912 (2.5 * 365 days) and that gives 2389 (as the passive projection). Let's look for a bit more than that, and target 3000 HIVE value here.
Goal 6: 3000 Total wallet HIVE value (up from 1477 currently).
@lbi-sim wallet.
I don't really have a goal here. I'd like to see things work out, but SIM might be shaping up as a mistake for us to have gotten into. The position is currently under review, and I'm considering options. No targets for now.
Off Chain wallet.
Maybe 2025 will be the year our bHBD unwrap gets processed. Once that is all done, I'll shift the BNB back to HIVE and close this portion of our wallet.
So there you have it - LBI's basic plans and goals for 2025. Of course if something comes up, plans can be changed, but this is the path for now. I'm not setting any price or value goals, HIVE could go to $3 or $0.15 - who really knows. Likewise, LEO could go to $1 or to $0.01. Setting a goal for the value of the fund would be foolish. All I aim to do is build on what we have started this year, and let the market take it's course. I'm not a trader, so setting this up for the long run, and not trying to trade our way into profits is the best course of action.
Let me know what you think.
Just to recap, here are our 6 primary goals for 2025:
- Goal 1: 35,000 total HP, adding 13,000 over the year.
- Goal 2: 2500 BXT (up from 1122 currently)
- Goal 3: 300 INCOME (up from 138 currently)
- Goal 4: 2000 EDSI (up from 427 currently)
- Goal 5: 7000 DBOND (up from 3200 currently)
- Goal 6: 3000 Total wallet HIVE value (up from 1477 currently)
Posted Using InLeo Alpha
Not that you care about my input, but I think you should delegate more towards BRO or even Empo-voter than Leo voter, but that's just me.
Of course I care about your input. I'll look again at the options before finalizing any delegation changes.
Cheers mate, thanks for the support and encouragement this year, and let's look forward to a great 2025.
Looking forward to it! Thanks for taking this over and moving it forward!
That's the attitude I don't like. We're literally doing Inleo a favour getting nothing in return. No quid pro quo here. We're financing their business while not demanding them to honour their promises. This is wrong.
I am voting for the idea of growing our HP, but I vote against increasing our delegation to @leo.voter. Actually, I vote for revoking the whole delegation until they give us OUR funds back.
You should deliver the condition directly to Khal.
@trumpman @bozz @onealpha
What's your opinion?
I have pinged Khal again in the ticket, so we will see what happens. Jumping up and down and shouting is not my style, I'd rather work quietly behind the scenes for a resolution. Different styles, and maybe my style is not satisfying peoples expectations.
I will reassess growing the leo.voter delegation due to the negative feedback, and look at other options.
Thanks for the feedback.
That's why I didn't ping him here. As long as you're getting closer to the solution is fine by me
My heart is with the sentiment of these other two commentors.
We came to the conclusion that DAB might be better than DBOND, of course depends on the price you can get it.
Another thought - with so much INCOME token, you could easily empower another account to curate 1 post per day, perhaps rewarding or supporting your portfolio and/or your community of holders in some way, as well as assuring your updates get picked up.
!pimp
Clearly increasing the LEO delegation is not a popular move for our holders - I will reassess our options.
I'd prefer a big bag of DAB, but as we value DAB in our fund at 1 HIVE each I don't want to pay over that. Growing DBOND is the best option to increase our DAB mintage - but I will keep an eye out for any opportunities to buy DAB cheap.
I'll have to work out how we can use the curation side of the INCOME token more effectively, but the primary driver is the really reliable daily income you deliver.
Thanks as always for the input.
Do you have a link to all your evidence on the case of bhbd?
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