RE: LBI Weekly Holdings and Income report - Week 33 - week ending 16 March 2025

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RE: LBI Weekly Holdings and Income report - Week 33 - week ending 16 March 2025

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dagger212 in #lbi • 9 days ago

Am I understanding you correctly? For a token/fund named Leo-Backed Investments, you're planning on unstaking the LEO and selling it?! Plus, you're planning on doing it while it is priced under 2 cents?! That makes no sense to me. If anything, I feel like this fund should be buying LEO here. When I look at the total assets of the fund, the asset with the most potential is LEO in my mind. If it goes back to 5 cents from here it's damn near a 4x. I see nothing else in here with that potential. The income being generated should be adding more LEO here while it's cheap. If HIVE makes a run, great. But if it goes to $1 (4x), LEO will probably get dragged with it to 10 cents (7x). You've already got the LEO-BACKED FUND down to a whopping 13% of LEO. Granted, that low number is partially caused by the low price, but again, if anything, this fund should be BUYING more LEO, not selling it.

The fastest way I know to go broke is to move a bunch of shit around when everything is down. Throughout all the changes and the malaise of not really having anyone doing anything with this, I was at least comforted by the thought the fund had a bunch of LEO in the bank. This is totally opposite of what I signed up for in the beginning.

9 days ago in #lbi by dagger212

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tbnfl4sun 9 days ago

This is why I have been staking more LEO!

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lbi-token 8 days ago

Hey, thanks for the feedback - I think I have probably not explained things clearly.

The plan is not to sell all the LEO. I'm moving it to a separate wallet, and do plan to sell some of it. The thinking behind this is long term, and not really factoring in pricing. The goal is to increase LEO income, and get back to growing our LEO bag in the long run. It may seem like a step back in the short run, but if we can make 60 or 70 LEO per day instead of 20-30, passively, then we can have a much bigger bag in years to come.

To answer some specific points here:

I feel like this fund should be buying LEO here.

We buy 600+ LEO each week, from external sources (our other Hive investments) and split that a few ways. Last week we bought 671 LEO, and sold 351. I strongly believe that generating non-LEO income and bringing it into the LEO economy is a net positive for LEO, and for LBI.

The income being generated should be adding more LEO here while it's cheap

The income would be getting generated if we hadn't invested in non-LEO Hive projects. The fund had HBD earning interest, nad that was about it for non-LEO income.

You've already got the LEO-BACKED FUND down to a whopping 13% of LEO.

That was over 40% just 3 months ago, and it's not dropped because of us selling anything. We have more LEO now than we did then. Here is the link to the weekly update on December 8 2024 for comparison

Throughout all the changes and the malaise of not really having anyone doing anything with this

LBI was most likely to have been wound up if I didn't step up and offer to take over. Token holders would have been offered around 2.5 LEO per LBI to shut down.

I'm sorry you are not happy with this direction. I have had a number of token holders suggest to move completely away from LEO completely - rebrand and focus on other areas. Others have been ok with keeping our exposure, but building the other incomes as a priority. In 8 months, yours is the first comment suggesting we should be buying up more LEO. Juggling a majority of the remaining active holders wanting to scream and shout about our bHBD unwrap that is still waiting after 33 weeks with no end in sight, and trying to do what's best for everyone hasn't always been easy. Sorry that you are not happy. For $1 to $2 per week that I am collecting for running LBI, maybe I should have just left it alone to be shut down.

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dagger212 8 days ago

Don't mind me. I was just grouchy this morning and it came as a shock to me that you were planning on selling LEO at these prices. I appreciate the fact that you continue to work on this when nobody else wants to. As you say, it's not like it's making you rich. Hopefully one day that will change.

In the meantime, I guess I was just under the impression that we would be trying to make each LBI backed by more and more actual LEO over the long haul. Like we have 200k now and maybe in a couple years it's 250k, so each LBI is actually worth more LEO tokens. Not just dollar amount, but actual LEO tokens. I like a few of the things you've done with Hive and HBD as well as EDS. I'm not very familiar with DBOND and PWR but...it's your call. Like I said, my biggest problem would be selling LEO here. Even if it goes from 4% to 12% return, you lose any chance at the asset itself making gains. Personally, I don't think we should ever go below one actual LEO token per LBI in existence. And, again, I'd like to see us grow that number.

It is what it is. You're the boss. I've got enough of my own LEO that LBI is no longer something I factor into my long-term goals. I just don't think selling LEO at these prices to try and make an extra 8% on something this cheap is worth doing. If LEO just goes back to 2 cents that's a 50% return from here and we miss it trying to squeeze out an extra 8%? Just my 2 cents...no pun intended. 🙂

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lbi-token 8 days ago

One thing I'll incorporate from this feedback for sure is to keep track of the LEO owned per LBI with the new set-up. I agree building our LEO holdings (per token) in the long run is a good goal to have.

I guess the other possibility would be to pull out the remaining HBD savings, and use that to fund the HP and LEOM positions, keeping the 200K LEO intact and return to growing it. I have some LBI holders that won't like that, I'm already below where I wanted to have our HBD savings.

Might make a post to gather feedback on the options - I'll tag you in it so you don't miss it.

BTW, are you aware we have an LBI/LEO liquidity pool? It has 35K LEO in it from LBI holder deposits. If you have any spare LEO to pair with your LBI tokens? It has the daily pool yield (currently around 8%), plus the tokens in the pool still get included with the weekly dividend calculation. Anyway, just thought I'd throw that out there also.

I do appreciate the feedback, and will keep your 2 cents in mind before I make any final moves.

Cheers,

JK.

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jocieprosza 6 days ago

Are you aware we started this fund when Leo was at $1 and it's the other assets that keep us afloat? I'm against buying any more Leo, we may keep some for the x7 event you're talking about, but that's all.
This project is not backed by Leo, it's denominated in Leo, it's backed by other assets that didn't loose 98% of the value

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