I'm feeling glad to see our beloved chain showing some strength! It was about time. For Hive Power Ventures it's been a busy month with quite a few updates, so let's recap.
- Introduced upvotes for PWR holders. If you hold 100 PWR or more (either in your wallet or in the pool), you could be eligible for periodic upvotes from empo.voter.
You haven't received any yet and you qualify? Let me know below in the comments. I'm managing the list manually for more control over it, so it's possible I've missed some names from the holders list.
- Roadmap for 2025 + Future Changes for PWR. If you're into PWR for the long term you surely don't want to miss out this post. Basically I unveil here what are my plans/expectations for the token PWR over the next year.
- Power-Down Started. As I mentioned in the previous post, I want to be liquid in case HIVE continues to rise. Better to be liquid and have options instead of being locked in and not being able to do anything. If HIVE goes up significantly I'll probably start accumulating some HBD in order to have a warchest for the future bear market.
Current Status of the Holdings of the Project:
@empo.voter (the delegation & curation account) keeps providing @vventures (the holding account) with a weekly flow of curation rewards.
@empo.voter currently holds ~17K HP which is in a permanent power-down (~1400 HIVE/week).
@vventures stays flat at 50K HP and started a 100% powerdown in order to have more liquid funds available. Those funds will be kept there fully liquid and only be sold for HBD when/if the time comes.
My idea is to use those HBD to overpeg PWR when the next bear market comes.
Surprise Update: Venturing into Pools and HE Projects
Now that @vventures is in full powerdown mode, I asked myself what to do with the HIVE which enters weekly from @empo.voter...
It was already public, but I'm now disclosing that over the last month I started accumulating a couple projects from Hive-Engine with Hive Power Ventures funds: @Holozing and @Gifu.
Although I'm a heavy suporter of both, Hive Power Ventures is NOT officially affiliated with any of them.
If these projects make a run over the next months, I want to be ''partially'' exposed to them. All the profits coming from this venture will fat our HBD counter when the right time comes.
Holo
I managed to get some ZING early... enough to be the top liquidity provider for the ZING-SWAP.HIVE Pool.
Just WOW (Not intentional to be the #1 LP by any means):
It would be irresponsible to keep adding there, so I'll farm that juicy APR for now.
Gifu
Bought a decent bag and acquired the 0,2% of the total supply. It's not much in $$ terms. But again if this makes a run it would be solid multiplier. Might add some later.
Plus they added some PWR before: Gifu invests into Power Ventures!
So it's only logical to collaborate there. Happy to follow the Gifu train!
PWR
With the remaining HIVE I've started DCA'ing (again) into the PWR-SWAP.HIVE Pool.
This will be the ''default plan'' for now.
100% of curation rewards will now be used to stabilize PWR at 1:1 with HIVE.
If PWR it's pegged with HIVE (or above), this HIVE will be added to the Pool, further improving pool depht.
I'm obviously tracking this; all on HIVE terms:
And this is everything for this report.
Enjoy the HIVE gains my fellow hivians.
@commentrewarder set up as beneficiary (3%).
- Check Hive Power Ventures Docs: https://hive-power-ventures.gitbook.io/hive-power-ventures/
- Vote for my witness (100% of witness rewards go back to @vventures)
Is PWR still kept soft pegged to HIVE on the upside? Or PWR at 1 HIVE is now only the baseline that is defended, but not pegged if PWR appreciates in value?
Yes, as you said.
It's soft pegged on the downside (if the ratio goes below 1:1 I'll stabilize with project funds).
I WON't If it goes up (but I'm still allowed to sell my own tokens).
For practicity you should assume it's still soft-pegged to 1. It will appreciate when it's overpegged IMHO.
(I mean, I wouldn't encourage buying it above 1, better to farm it).
Thanks. Important clarifications.
Seems like some good moves to me. I think I have exposure myself to pretty much everything you mentioned here.
Good plans for the project. I've just checked on the documentation page you sent me, and it's wise to give the project a shot.
It's a great plan to covert to HBD and then buy cheap Hive, back later
I Like the idea of coupling the PWR Token to HIVE price since that is the Core of our ecosystem here.
Am I eligible to get the empo.voter 's votes? Your project is very nice and transparent. I really like the strategy of buying HBD now and then buying cheap HIVE later.
You need to hold a minimum of 100 PWR, as far it's the case, yes you are.
I want to get PWR in the most suitable period. I think it is necessary to contribute a little to the Hive/PWR volumes in Hive-engine. The volume seems insufficient.
In the bear period, Hive is bought and power up is done. In the bull period, Hive is sold and cash needs are met in the bear period.
We goin to the moon sir
Very good plan..I think everyone will want this project of yours. appreciate for your plan..
I wish I had de knowledge to understand this. Everything sounds very interesting but I don't understand the information 😔😩
@empoderat, you're rewarding 9 replies from this discussion thread.