Welcome to this weeks update from the @spinvest-leo account. This wallet manages a small portion of the overall @spinvest fund, and sends HIVE back to @spinvest each week to contribute to the pool of funds for dividends. This wallet is managed by @jk6276. The main focus of this account is to generate yield to contribute to the weekly dividends for holders of SPI tokens. 50% of the income generated each week is sent to @spinvest to contribute to the weekly dividend. Currently, we are compounding all income earned, so transferring funds to @spinvest is not happening. The wallets funds are split between HIVE based assets, with SPS, BXT, LEO, and HIVE stakes, plus a position in the SIM/HIVE liquidity pool. The other half of this wallets funds are in the Cosmos eco-system, building an ATOM stake, alongside DYM and liquidity pools on Dymension.
Position changes this week:
No changes this week, simply compounding income and chugging away.
Current holdings:
HIVE Assets:
SPS Staked - $625 - down $63
SIM/HIVE pool - $397 - down $26
Staked BXT - $631 - down $64
Staked LEO - $96 - up $13
HIVE Power - $303 - down $33
Total for HIVE wallet: $2052 - down $173
Cosmos Assets:
DYM/stTIA - $585 - up $73
DYM/ATOM - $529 - down $15
DYM/WBTC - $208 - up $9
ATOM stake - $148 - down $9
DYM stake - $805 - up $59
Total for Cosmos wallets: $2275 - up $117
Asset exposure
Using the above values, and splitting pool positions into their components, we can calculate the total exposure to each asset for this wallet.
SPS - $625 - 14.44%
HIVE - $502 - 11.59%
SIM - $199 - 4.59%
BXT - $631 - 14.58%
LEO - $96 - 2.22%
DYM - $1466 - 33.88%
stTIA - $293 - 6.76%
ATOM - $413 - 9.53%
BTC - $104 - 2.40%
Portfolio Split this week:
- HIVE: $2052 - 47.42%
- Cosmos: $2275 - 52.58%
Commentary:
Very mixed bag this week. Hive assets dropped, but we got some LEO added from doing the cash out thing with our vexPolycub. Overall HIVE assets dropped a bit. Cosmos was itself a mixed bag, with DYM and stTIA up a bit and ATOM down. Overall we gained a little after a big drop in the last couple of weeks.
Airdrops for our DYM stake may start to flow over the coming weeks, and this could give this wallet a boost along.
The only other thing I'll add is to note I have put out a proposal from my personal account to take over as the operator of the LBI project. This could affect my personal involvement here with Spinvest, and is subject to negotiations.
Totals and conclusion:
- Total asset value last week: $4383
- Total asset value this week: $4327
- Weekly gain/loss: down $56
Currently compounding 100%, so no funds sent to @spinvest for dividends.
Thanks for taking the time to read our weekly update. If you would like to learn more about @spinvest, and the $SPI token, check out the main account and review the weekly update post.
This post authored by @jk6276 on behalf of @spinvest-leo. 50% beneficiary set to @jk6276
Posted Using InLeo Alpha