The @spinvest-leo wallet has had many ups and downs over the the years that it has been operating. A small sub-wallet of the overall @spinvest fund, as admin I (@jk6276) have always tried to run it with the best interests of $SPI token holders at heart.
The time has come to wind up the wallet.
In case you have missed it, I have proposed to step in and take over running the @lbi-token and the $LBI fund overall. As part of that, I am winding up @spinvest-leo to give LBI my full focus and attention.
So anyway, here are this weeks numbers. Please note that these are a little outdated, HIVE has recovered a few cents since these numbers.
Current holdings:
HIVE Assets:
SPS Staked - $348 - down 31
SIM/HIVE pool - $278 - down 62
Staked BXT - $473 - down 113
Staked LEO - $85 - down 4
HIVE Power - $208 - down 49
Total for HIVE wallet: $1392 - down 259
Cosmos Assets:
DYM/WBTC - $298 - down 55
ATOM stake - $293 - down 24
DYM stake - $337 - down 118
NIM stake - $111 - down 2
MAND stake - $3 - new airdrop
Total for Cosmos wallets: $1039 - down 196
Portfolio Split this week:
- HIVE: $1392 - 57.18%
- Cosmos: $1042 - 42.82%
Commentary:
This wallet has lost lots of value over the last few weeks. It is probably time to put it out of its misery tbh. To be fair, the recovery in the last few hours of HIVE would mean these values are currently not as bad as the above numbers.
I have started the unstake process for all assets in this wallet. Much of the Cosmos wallet will take 3 weeks. HIVE as we know will vary, 3 days for BXT up to 14 weeks for the HIVE power. (13 weeks to power down plus the undelegate period) For the Cosmos wallet, I will wait until everything is liquid and transfer those funds over in one transaction back to @spinvest as HIVE. For the HIVE wallet, I will do similar, and send one transfer in a few weeks, and the remainder at the end of the HIVE power down.
I'll update as this process occurs.
Totals and conclusion:
- Total asset value last week: $2889
- Total asset value this week: $2434
- Weekly gain/loss: down $455
Just wanted to sign off this post by thanking all SPI holders. It's been a lot of fun over the years running this wallet. We have had some good times, sending plenty of funds back to @spinvest for dividends. Kinda sad to be ending things at around all time lows, but it is what it is. The overall SPI fund is very healthy, and @spinvest-leo is now not much more than a rounding error really.
Looking forward to the challenge of taking over the admin of LBI - fresh challenges await.
Thanks all, but in particular @silverstackeruk and @shanibeer.
Cheers,
JK.
Posted Using InLeo Alpha
@jk6276, thanks for all your work, really appreciate the time and commitment, and the steady stream of income for SPI dividends.
It's good to know when to call time and have an orderly wind-down.
All good wishes for LBI, it's great to have your experience behind that token.
5 years mate,
I will be sad to see this account wrap up but your moving on to bigger things and i have full failth you'll do LBI token holders proud.
SSUK