Spinvest-leo weekly update post - 29 November 2023
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. Primary holdings are positions in SPS liquidity pools, other BeeSwap pools, along with some Hive engine based investments.
Position changes this week:
No changes this week - simply saving up half the income to send to Spinvest main account for dividends, and adding the other half of income in to the HIVE/ZING pool.
Current holdings:
SPS/BNB pool - $925 - Down $40
SPS/HIVE pool - $629 - down $23
SPS/ETH pool - $1053 - up $31
SIM/HIVE pool - $536 - down $25
BXT/HIVE pool - $607 - down 425
ZING/HIVE pool - $21 - up $10
Staked BXT - $273 - down $16
Staked LEO - $6 - up $1
HIVE Power - $305 - down $8
Miscellaneous - $74 - up $2
(vexPOLYCUB, liquid ETH & BNB)
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 - $1304 - 29.43%
BNB - $469 - 10.58%
ETH - $560 - 12.63%
HIVE - $1202 - 27.13%
SIM - $268 - 6.05%
BXT - $577 - 13.02%
ZING - $11 - 0.24%
LEO - $6 - 0.14%
vexPOLYCUB - $35 - 0.79%
Commentary:
A bit of a boring week really. Hive has dropped a bit, bringing down most of the Hive pool values. Interesting to see the variance between the SPS/BNB pool and the SPS/ETH one. ETH up, and BNB down - I goes to show where the market is heading - are BNB's glory days over?
Income is up a little, compared to last week. The Zing pool position, though still very small, is contributing already to the income pot as it still has very high yield, and the price has held up. How much longer will it hold before it drops significantly is anyones guess, but I think the way we are playing this with a "little and often" approach, daily DCAing into the pool is the best bet.
Not much else to report - post payouts are similar to last week and we just chug away.
Totals and conclusion:
Total asset value last week: $4522
Total asset value this week: $4429
Weekly gain/loss: down $93
Total income generated - 66.586 HIVE
33.293 HIVE sent to @spinvest for weekly dividends. up 3.567 on last week.
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.
Posted Using InLeo Alpha
