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.
A solid week with about 200 HBD in growth. We will see a dip next week as a 1000 EDSD withdrawal request has been put in but it's all the same. We are halfway through our interest-earning month so the rest of us will benefit from the extra HBD earned. I can expect withdraws like this to happen from time to time because we offer direct cash-outs.
It's a bummer to see a dip in the chart and to see the wallet get smaller but it's nice to offer investors an exit so the good of offering a cash-out outweighs the bad of seeing a temporary dip in the above chart when someone uses it.
Our overall thread continues to be upwards 😁
We can see that our HBD interest payment is steadily increasing in the blue line, this line mirrors the HBD balance of the wallet. HIVE's price increased 3-4% in the past week and this results in us getting less HIVE for our HBD. This orange line could represent a reverse of HIVEs price chart. This week's HBD to HIVE ratio was 3.1 HIVE to 1 HBD.
The overall amount of HIVE we get this week might have been lower than last week but it was not that much lower and we were still able to mint and issue exactly 36 EDS tokens this week to EDSD holders. These are not huge numbers but I think it's important for EDS to cover HIVE's main 3 ways to earn form. HIVE, HIVE POWER and HBD.
I think EDSD is plod along and grow slowing for the next 18 months and then 2026 will be the year EDSD comes into its own as people are cashing out and needing to find somewhere to park some dollars. Thats my hope anyways 😝
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
Great and interesting project.
Thank you, its nice to cover all of HIVE's 3 main ways to invest. EDSD will grow over time, keep an eye on it
Great work
Thank you, glad you like the project.