Spinvest-leo weekly update post - 1 June 2024

in #spinvest7 months ago

Welcome to this weeks update from the @spinvest-leo account. This wallet manages a small portion of the overall @spinvest fund, and sends HIVE back to @spinvest each week to contribute to the pool of funds for dividends. This wallet is managed by @jk6276. The main focus of this account is to generate yield to contribute to the weekly dividends for holders of SPI tokens. 50% of the income generated each week is sent to @spinvest to contribute to the weekly dividend. Currently, we are compounding all income earned, so transferring funds to @spinvest is not happening. The wallets funds are split between HIVE based assets, with SPS, BXT, LEO, and HIVE stakes, plus a position in the SIM/HIVE liquidity pool. The other half of this wallets funds are in the Cosmos eco-system, building an ATOM stake, alongside DYM and liquidity pools on Dymension.

Position changes this week:

I have not posted these updates regularly of late. The real world has been challenging, and all I have done is update the numbers each week in discord. So, over the last few weeks, I have not really changed any positions around, simply just compounded any income. More on what has been happening with these positions below.


Current holdings:

HIVE Assets:

  • SPS Staked - $500 - down $33

  • SIM/HIVE pool - $384 - down $11

  • Staked BXT - $634 - up $28

  • Staked LEO - $85 - up $6

  • HIVE Power - $292 - down $9

Total for HIVE wallet: $1895 - down $19

Cosmos Assets:

  • DYM/stTIA - $306 - up $35

  • DYM/ATOM - $281 - up $9

  • ATOM stake - $219 - down $1

  • DYM stake - $615 - up $41

  • NIM stake - $192 - down $22

Total for Cosmos wallets: $1613 - up $62

Asset exposure

Using the above values, and splitting pool positions into their components, we can calculate the total exposure to each asset for this wallet.

  • SPS - $500 - 14.26%

  • HIVE - $484 - 13.8%

  • SIM - $192 - 5.47%

  • BXT - $634 - 18.06%

  • LEO - $85 - 2.42%

  • DYM - $909 - 25.91%

  • stTIA - $153 - 4.36%

  • ATOM - $359 - 10.24%

  • NIM - $192 - 5.46%

Portfolio Split this week:

  • HIVE: $1895 - 54.02%
  • Cosmos: $1613 - 45.98%

Commentary:

Over the last couple months, there has been a fair bit of asset value decline in this wallet. DYM has declined quite a bit, and the NIM position was bought with very bad timing, and it is well down on what was paid for it. Basically, the average price I bought was around $0.20, and it is now trading at around $0.07.

Long term, I still think these will turn out ok. NIM has a strong AI narrative, and if it gains some traction it could do well. DYM will become the home for many projects, and could spawn numerous airdrops over time. Time will tell, but I think these will do ok.


Totals and conclusion:

  • Total asset value last week: $3465
  • Total asset value this week: $3507
  • Weekly gain/loss: up $42

Currently compounding 100%, so no funds sent to @spinvest for dividends.

Thanks for taking the time to read our weekly update. If you would like to learn more about @spinvest, and the $SPI token, check out the main account and review the weekly update post.

This post authored by @jk6276 on behalf of @spinvest-leo. 50% beneficiary set to @jk6276

Posted Using InLeo Alpha