Don't mind me. I was just grouchy this morning and it came as a shock to me that you were planning on selling LEO at these prices. I appreciate the fact that you continue to work on this when nobody else wants to. As you say, it's not like it's making you rich. Hopefully one day that will change.
In the meantime, I guess I was just under the impression that we would be trying to make each LBI backed by more and more actual LEO over the long haul. Like we have 200k now and maybe in a couple years it's 250k, so each LBI is actually worth more LEO tokens. Not just dollar amount, but actual LEO tokens. I like a few of the things you've done with Hive and HBD as well as EDS. I'm not very familiar with DBOND and PWR but...it's your call. Like I said, my biggest problem would be selling LEO here. Even if it goes from 4% to 12% return, you lose any chance at the asset itself making gains. Personally, I don't think we should ever go below one actual LEO token per LBI in existence. And, again, I'd like to see us grow that number.
It is what it is. You're the boss. I've got enough of my own LEO that LBI is no longer something I factor into my long-term goals. I just don't think selling LEO at these prices to try and make an extra 8% on something this cheap is worth doing. If LEO just goes back to 2 cents that's a 50% return from here and we miss it trying to squeeze out an extra 8%? Just my 2 cents...no pun intended. 🙂
One thing I'll incorporate from this feedback for sure is to keep track of the LEO owned per LBI with the new set-up. I agree building our LEO holdings (per token) in the long run is a good goal to have.
I guess the other possibility would be to pull out the remaining HBD savings, and use that to fund the HP and LEOM positions, keeping the 200K LEO intact and return to growing it. I have some LBI holders that won't like that, I'm already below where I wanted to have our HBD savings.
Might make a post to gather feedback on the options - I'll tag you in it so you don't miss it.
BTW, are you aware we have an LBI/LEO liquidity pool? It has 35K LEO in it from LBI holder deposits. If you have any spare LEO to pair with your LBI tokens? It has the daily pool yield (currently around 8%), plus the tokens in the pool still get included with the weekly dividend calculation. Anyway, just thought I'd throw that out there also.
I do appreciate the feedback, and will keep your 2 cents in mind before I make any final moves.
Cheers,
JK.