We continue to build and grow on the HIVE blockchain, and one of the faces of this effort has been our Synergy fund, represented through the INCOME token. Through this mechanism I have worked to use my skills to help projects and users involved in the fund, along a mutually beneficially 'synergy' model.
Our fund holdings are what is backing the INCOME token, of which there are just 10,000 in existence.
HIVE holdings
We have surpassed 30 thousand HP on the account, and much of that remains delegated to returning the liquid hive income that we use each day on our daily divvies and power up faucet for new users. We also delegate to @utopis for UTOPIS drips!
We also have 1000 HP delegated to our a subsidiary fund project, @ecosaint, which operates a bot curation program through the EDENBUXX token. I think that project is probably big enough to support itself, so I will undelegate. Constantly managing these tokens is how the fund stays fresh.
HIVE holding totals:
30949.37 HIVE
389.178 HBD
HIVE SBI
HIVE SBI was one of the first members of the fund, and still controls a number of INCOME tokens to this day. They have just released the V1 of their HIVESBI.COM SITE, where you can go and check the balances for any user!
I am happy to report that this new development was done by a colombian friend of mine who I faciliated into completing the bounty work for HIVE SBI, this is one of the services I can and have offered through the SYNERGY fund, helping projects find devs and communicate well to the devs what needs to be done.
I don't advertise much this service because finding good devs is really hard and generally its a lot more work than people think every little detail when it comes to 'doing it yourself' by paying a dev person.
We continue to expand our HIVE SBI holdings with the dCity Digest, and currently we have 16061 units valued at 8030.5 HIVE, as well as some scattered units on STEEM still.
HIVE SBI totals: 8030.5 HIVE
HIVE-ENGINE WALLET
We have a number of different long term holdings, the recent star of which of course is the LVL token. We have taken 500,000 LVL and traded them in for a commercial plot, as well as purchasing two small plots for the bargain price of 100 HIVE. This items are speculative and could become valuable especially if the @psyberx metaverse continues to get built.
Let's see our main holdings:
We had sold some WORKERBEE on a pump, and now it looks like we landed some again on a dip, I plan to power these up and delegate them to @archonbank with the rest of the WORKERBEEs, we are getting daily BEE dividends from there:
BYT is up to 1.8 HIVE on HIVE-ENGINE, rumor has it that the ABV of these tokens may be as high as 2.4 HIVE, and they pay liquid swap.hive divs. This is basically a COSMOS backed project now, as the BLURT in question benefits from all the airdrops the blurt chain is getting into now on its cosmos marketing front.
Since we bought in at 0.9 HIVE, we are happy to be taking small bits of profit off the top as the price moves up. 1.8 is now a 100% gain!
You may also notice we have some LEO liquid to see if we might take advantage of whatever pumps come from their PolyCub endeavors, which so far seem meager.
I made a large power-up of ONEUP tokens into the fund, this is in preparation for something I have cooking up to give our INCOME token a little boost, something that we used to do but I haven't done in a while, more hopefully as soon as next week on this.
I also decided to recieve the CARTEL payment for the deposit of some dcity population assets into the @cartel-dcity account, a post about which is in draft mode and coming soon. Since @ecoinstats has been patiently holding those basic homes for so long, I decided to give it a taste of the CARTEL tokens by landing them into the fund.
We also have some SPS liquid and awaiting the PKM token launch, as we plan to be participating in the liquidity pool for that token as part of the fund.
HIVE-ENGINE Totals: 30531.127 HIVE
HIVE-ENGINE Liquidity Pools
Don't forget about liquidity pools, as we have stuffed a lot of value into some interesting pools. We are still in the SIM:SWAP.HIVE pool, even as the global reward including holding rewards has fallen to about 49% apr.
But our biggest liquidity position now is LVL:SWAP.HIVE, with another half a million level filled up in there. We thought it only responsible management, especially as the @psyberx team released the pool just in time for use to pare back and hedge. We are still holding on to 'technically' too many of them, but we are very excited about what the growing team is doing over there.
We also have some of our liquid LEO holdings in two different pools, taking advantage of some alternative on-HIVE strategies to earn yield with our LEO while we wait for it to moon.
NFTs
Long ago we discounted the dCity NFTs in on the SYNERGY fund account, as I use these as I see fit in my bid to become the top dCity player in the world, but it should always be remembered that the flows generated from the storage of these NFTs on the fund account count towards the fund, and we use them generally for liquid rewards and for the dCity digest posts, which also increase our HIVE SBI units.
Currently valued at ~6800 HIVE, these assets produce some liquid HIVE flows each day, principally from ranking rewards currently, and most of that from being rank #2 on the Population Leaderboard.
This all combines with our SIM holding rewards, UTOPIS rewards, @archon-mining rewards and DHEDGE drips to give us the liquid HIVE cash flow we require on the account.
And let's not forget about @psyberx NFTs, visible on https://nftshowroom.com/ecoinstats/gallery
We have listed these NFTs for sale, and its hard to equate to them a value until they sell, but if any of them do sell, it will be an enormous boon for the fund.
Fund ABV
Without including any STEEM assets or SP, or NFT values, our fund Asset Backed Value looks like this:
HIVE + HIVE POWER: 30949.37 HIVE
HBD: 418.471 HIVE
HIVE SBI: 8030.50 HIVE
HIVE-ENGINE totals:30531.671 HIVE
Liquidity Pools: 6134.279 HIVE
Total: 76064.291 HIVE
NEW ABV: 7.606 HIVE per INCOME
This means each INCOME token is backed by 7.606 HIVE worth of assets, with a big cushion there because there is quite a lot of value that is being discounted, I haven't even mentioned TARUK tokens recently.
And I am currently selling INCOME in the market for 5.3 HIVE each.
Why I am selling INCOME token
I bought most of the tokens, and I have continued to manage this fund as if it were my own, because it is my own. Including the ~790 INCOME listed on the market, I currently own 78.3% of the fund, that is 7830 out of 10,000 tokens. If I sold all the ones on the market (up to 5.9 SWAP.HIVE in price), I would still hold just over 70% of the fund.
And I don't mind managing the fund this way, its an entertainment based product, but for me the assets are always in my control so in a way, I can trust myself the most.
Currently I am squeezing my portfolio, looking to extract as much loose value as I can to buy land, and many good opportunities have presented themselves to me down here where I live. If you are interested into hedging into my fund of investments, now is the time to take advantage of a 30%+ discount on the assets in the fund and hold some INCOME tokens in your portfolio. More on the benefits of this in the next post.