Hello EDSers and welcome to this week's EDSI report
What Are EDSI Tokens?
Eddie Earner Income (EDSI) tokens are income-generating tokens on the HIVE blockchain that pay weekly dividends every Monday. These dividends come from 12% of the total HIVE POWER balance held by the
@eddie-earner account, providing token holders with an impressive annual percentage yield (APY) of over 22%.
Token Supply and Mining
EDSI has a hard cap of 500,000 tokens, with an initial public sale of 20,000 tokens priced at 1 HIVE each. New EDSI tokens can be minted in two ways:
- Staking EDS Miners (EDSM) or EDS Mini Miners (EDSMM).
- Delegating HIVE POWER to @eds-vote.
- EDSM miners yield approximately 20% annually.
- EDS-vote provides returns of about 4-5% per year.
Focused on Growth
The EDSI project converts all earnings, airdrops, and tribe tokens into HIVE, emphasizing maximum HIVE POWER accumulation. Managed by
@shanibeer (Saturdays Savers Club) and
@shanibeer (wallet) for SPinvest, this long-term project encourages users to
buy,
hodl, and
grow their EDSI tokens.
How to Grow Your Earnings
- Buy EDSM miners to mint EDSI tokens automatically.
- Reinvest regularly to increase your token holdings and boost your weekly dividends.
- Alternatively, purchase EDSI directly from the market. Place a buy order at 1 HIVE per token and wait for it to be filled—miners often sell their rewards to secure profits.
In summary, EDSI offers a simple, hands-off way to earn passive HIVE income. Buy miners, stake your tokens, and watch your wealth grow over time!
This Weeks EDSI Report
There were 502 EDSI minted over the past week bringing our total in circulation to 84,121. Mintage appears slow but we need to remember that each EDSI token minted is backed and pegged with 1 HIVE each.
A fairly standard week with 579 HIVE powered up to the account. In roughly 6 weeks time this will drop to around 450 per week as the powerdown from eds-vote is reduced from 550 per week to 400-450 per week.
The income pool this week is 325.66 HIVE. Since the above charting began 163 weeks ago, we've paid out over 37,100 HIVE to EDSI token holders.
For the second week in a row, the EDSI APY has dropped by -0.05% which is strange as it was dropping by 0.04% for the past month. We've 4-5 weeks time we'll drop to paying out over 20% for the first time in ever 3 years. Its not shown on the above charts but the EDSI APY started out at 12%.
Im half tempted to release a few EDSMM tokens for sale to boost the APY again, haha.
Weekly Roundup
To share a thought. I notice that for the past 6 weeks, we have been powering up 50-100 more HIVE than we minting EDSI tokens. In theory, the EDSI APY should be increasing because the HP balance is growing faster than the EDSI mintage but it's not, why?
To put it simply, HP does earn what it used to.
When EDSI launched, the idea of making the income pool equal to 12% of the HP balance was a no-brainer because it was easy to get a 15-20% APY from delegating HP. We could earn say 15% of delegating to some project and then 3% inflation for a total of 18%. The idea was simple enough, pay out 12% and use the remaining 6% to increase the HP balance.
Today, few projects offer such rewards and the ones that do with no liquidity to sell rewards into. Currently, we earn curation plus inflation thats roughly 11-11.5%. EDSI still continues to pay out 12% of its HP balance as weekly rewards and this is the reason why the EDSI APY is still dropping a fraction each week instead of increasing.
There are a few ways to fix this but to be straight, when conditions change, we need to change as well. Paying out 12% while earning under 12% is not sustainable long term. I will write a more detailed post about this in a couple of days and lay out a few options to ponder over.
Thank you for taking the time to check out this weeks EDSI report!
Getting Rich Slowly from June 2019
Stay up to date with investments, and fund stats and find out more about SPinvest in our discord server
SUB FOR WEEKLY EDSI UPDATES
Ask in the comments below to get tagged to these weekly EDSI update posts
@siddhartaz,
@siddhartaz,
@siddhartaz,
@siddhartaz,
@siddhartaz,
@siddhartaz,
@siddhartaz,
@siddhartaz,
@siddhartaz,
@siddhartaz,
@siddhartaz 
