HBD Backed EDS tokens | EDSD Weekly Updates and Charts #044

in #leofinance3 days ago

Hello and welcome to this weeks EDSD post.

image.png

image.png

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.

image.png

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

image.png

image.png

Week 44s 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.

image.png

Small dip this week as we had a small sell back so not much change in the EDSD circulating supply. Steady at just over 5000.

image.png

The price of HIVE is down against HBD so we get more HIVE and mint more EDS. Minting EDS at this cost will pay off big time in a years time when HIVE is over $1 each.

image.png

42 new EDS were minted this week and sent to EDSD token holders. We can see we've been minting more EDS the past few weeks as the price of HIVE declines.

image.png

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

image.png

image.png

EDS Rewards paid out each Tuesday

Sort:  

compound working

not really because we remove the interest and use it to mint EDS tokens.

Hi @eddie-earner and @eds-d, I'd like to cash out my EDSD position. EDSD tokens have been sent. Thanks for the fun opportunity! I'm moving into some other options at the moment, but I might be back later! :)

I have started the withdraw now, will be 3-4 days.

Congratulations @eddie-earner! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You distributed more than 49000 upvotes.
Your next target is to reach 50000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out our last posts:

Our Hive Power Delegations to the October PUM Winners
Feedback from the November Hive Power Up Day
Hive Power Up Month Challenge - October 2024 Winners List