RE: INCOME Synergy Fund Daily Update Jan 23, 2024

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🌄 Good morning!☕

"This fund is backed by a number of powerful and interesting projects. Some positions have changed over time, but some of our fund members have become absolute staples of our long term portfolio."

Is there a separate listing of Hive-Engine LPs into which this fund has invested? If so, is BXT:HIVE LP on the list?

I do not see BXT on the list above, so thought I would ask.

Thank you for the mention and support!👍 Have a great day there in Colombia!! 👋

faucet
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Great question, the BXT on the fund is currently staked. We currently are in no pools of consequence, our largest position (outside of the 'corporate' SWAP.HIVE:INCOME) is this, which we earned completely from delegating RCs and are now free riding:

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Hmmm. Okay, glad I asked, since ...

"... the BXT on the fund is currently staked."

... I was not aware that staking any of these L2 tokens was even an option. With the one exception of knowing about staking SPS in Splinterlands, with their separate UI allowing for that ...

Where do you go to stake BXT and do you advise that over providing liquidity for the BXT:HIVE LP? Or, if you wouldn't mind providing me a link where I can read up on it, I'll save your valuable time by looking into further myself, once pointed in the right direction.

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(Edited)

Never mind (a bit sleep deprived here ...), I found it on BeeSwap ...

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I'd still be very interested to get your perspective on investing BXT this way vs. being in the BXT LP.

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I like BXT a lot, and agree with what JK said about real yield - its actually earning money by providing a service and that is 'real'.

That said, price becomes the next important variable to consider. Awhile back I thought it was probably overpriced, somewhere above 2 HIVE each, and sold most of the holdings.

Now the price is very tempting again. It seems to be ranging from 1.1 to 1.4 - now this is key. When its at 1.1, the staking apr is actually better than the pool apr! At the time of writing, at the high end of this range, the pool apr is slightly better than the staking apr (which depends more heavily on price than the pool apr).

Of course LPs also have swap fees (+) and some possibility of IL (-).

In the end, I definitely try to keep some BXT on hand because I think it will pump one day when the new NFT updates comes out, check out the whitepaper.

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Excellent @ecoinstant! Exactly what I was hoping for, as I know you have more understanding and experience with these tokens than I ever will.

For me, your response this morning was consistent with something you said a long time (at least in "crypto time" ...) ago:

"In this expanding digital world, its still 'who we know' and 'who we can trust'. I just want to say ~~~, welcome to my digital family and if there is anything I can do for you ..."

A man of your word. Integrity. So little of it to be found these days, it is very refreshing ... 🫡

Thank you sir! I will now take steps to get some more BXT into both my account, as well as that of the Venezuelan people's account, who I am endeavoring to help.

I hope the rest of your day goes well! 👍🙂

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