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:
Minor tweaks this week compared to the major shifts made last week. Building a new pool on Dymension, with DYM/WBTC added to the mix. DYM and most Cosmos assets dropped this week, so that wallet has declined a bit. The real growth will come over the coming months, as the Dymension chain is upgraded and new projects start to roll out. As airdrops starty to roll in, opportunities will be around. Until then, we will just hold ground, and keep building the ATOM stake and the DYM/WBTC pool.
No changes this week for our HIVE wallet. Down a bit with SPS the worst performer again. SPS has been really struggling lately, so I'm unsure of whether to hold on or move on.
Current holdings:
HIVE Assets:
SPS Staked - $752 - down $113
SIM/HIVE pool - $460 - down $53
Staked BXT - $809 - down $105
Staked LEO - $59 - up $3
HIVE Power - $369 - down $32
Total for HIVE wallet: $2449 - down $300
Cosmos Assets:
DYM/stTIA - $701 - down $338 (some funds removed)
DYM/ATOM - $701 - down $320 (some funds removed)
DYM/WBTC - $235 - new position
ATOM stake - $167 - up $102 (funds added)
DYM stake - $1061 - down $181
Total for Cosmos wallets: $2865 - down $502
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 - $752 - 14.15%
HIVE - $599 - 11.27%
SIM - $230 - 4.33%
BXT - $809 - 15.22%
LEO - $59 - 1.11%
DYM - $1880 - 35.37%
stTIA - $351 - 6.60%
ATOM - $518 - 9.74%
BTC - $118 - 2.2%
Portfolio Split this week:
- HIVE: $2449 - 46.09%
- Cosmos: $2865 - 53.91%
Commentary:
Our wallet certainly took a nasty hit this week. It has been a real yo-yo ride of late, up big one week, down big the next. Overall, at a bit over $5300 we are at around the value we had at the start of the current market cycle. Gains have come and gone over and over.
I'm looking forward to the first decent Cosmos airdrop to roll in, and to building the Cosmos eco-system wallet. Not much else to report this week. Hopefully it'll be a better report next week.
Totals and conclusion:
- Total asset value last week: $6116
- Total asset value this week: $5314
- Weekly gain/loss: Down $802 😱
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
This weeks update, in GIF form:
Posted Using InLeo Alpha
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