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[ANN] [USDbitfnx]The first dividend paying USD asset(~30%p.a.) !!>250 DAYS OLD!!
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Author Topic: [ANN] [USDbitfnx]The first dividend paying USD asset(~30%p.a.) !!>250 DAYS OLD!!  (Read 75106 times)

jungian

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Time for another dividend no?

Spreadsheet update?
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sparta_cuss

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Time for another dividend no?

Spreadsheet update?

+1
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nxt: NXT-Z24T-YU6D-688W-EARDT
btc/xcp: 19ULeXarogu2rT4dhJN9vhztaorqDC3U7s

Bitfinex_USD

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Paid out and updated everything.

I hope you guys don't mind that I only update once a week, there isn't much happening anyway.

There are 2 withdrawals pending, but I can only pay them out once one loan closes:


Account overview
deposit
USD    16,025.94
USD Swap total:    15,947.32
USD Swappable balance:    0.00
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sparta_cuss

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I hope you guys don't mind that I only update once a week, there isn't much happening anyway.

I don't mind infrequent nxtforum updates, but I think we would all like to see regular updates to the spreadsheet - say, every two or three days.
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nxt: NXT-Z24T-YU6D-688W-EARDT
btc/xcp: 19ULeXarogu2rT4dhJN9vhztaorqDC3U7s

humbot

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Received dividend. Thanks.
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Bitfinex_USD

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I hope you guys don't mind that I only update once a week, there isn't much happening anyway.

I don't mind infrequent nxtforum updates, but I think we would all like to see regular updates to the spreadsheet - say, every two or three days.

I will try to do that bi-weekly.
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Bitfinex_USD

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Updated spreadsheet as promissed.

Also processed all payments, humbot you will need to contact me, if you still want to cashout. Otherwise the USD will not be kept for withdrawals (that doesn't earn interest)
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Bitfinex_USD

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Update:

Updated the spreadsheet.

Screenshot of the account overview:

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Bitfinex_USD

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Dividend will be paid out the day after tomorrow
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Bitfinex_USD

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Dividends paid out. Details can be found in the spreadsheet.
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Bitfinex_USD

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If anyone is interested, I am still open for deposits.

Also if you guys want, I can put up a sell order for USDbitfinex slightly above value for an easy buy-in.
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igmaca

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good job, thx!  :)
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nxt is the divine matrix with which everyone can forge anything

Bitfinex_USD

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Recap:

Asset ID:10294386916428132892

The USDbitfnx asset ran successfully for over 100 days and has achieved a compounded 9.15% interest in those 107 days and 833$ paid out and 52$ pending dividend.

Now we can calculate the average yearly return, that we can expect with this asset:   1.0915^(365/107) = 1.348 = 34,8% yearly interest!



Reminder: USDbitfnx is a USD backed asset, that has deposits on Bitfinex and uses that USD to participate in the swap market on that site. This currently yields 34.8% yearly with USDbitfnx's swapping strategy. The balance is always 100% and this was/is audited by Damelon.

There are two ways to get USDbitfnx:

- Send NXT or BTC to me, those will be sent to Bitfinex and exchanged for USD, you will get USDbitfnx tokens into your account.
- Buy them on the exchange.

(Both ways are also open for selling/redeeming the asset)

Why would you buy USDbitfnx?

- With USDbitfnx, you can speculate on falling BTC and NXT prices
- Gain more interest than on a bank account via dividends
- Trading gains (this asset was once sold for 17 NXT, now it is worth over 50 NXT, so much volatility)

Update: I have placed a sell order with the issuer account. Once someone buys USDbitfnx from that offer, the NXT will be immediately sold and transferred to Bitfinex.
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Bitfinex_USD

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Why should you hold USDbitfnx in your portfolio?

Dividend paying USD asset (backed by bitfinex swaps): https://nxtforum.org/index.php?topic=3884.0
Asset ID:10294386916428132892

Lets assume the following:

Investor A holds 50000 USD and wants to invest into the following 3 assets for exactly 1 year
-Riskfree rate is 5% (this is way to high obvious)
-Asset 1 = USDbitfnx --> 35% expected return with a SD of 10%   (Sharperatio = 3.5)
-Asset 2 = NXT --> 100% expected return with a SD of 50%         (Sharperatio = 2)

Also: No shorting is allowed.

He will allocate his funds in the following way, if he wants a return of (with the minimum portfolio variance):


ROI = 10%:  RF=43240$ Asset1=6030$   Asset2=730$     
ROI = 20%:  RF=29723$ Asset1=18095$ Asset2=2180$
ROI = 30%:  RF=16206$ Asset1=30159$ Asset2=3633$
ROI = 40%:  RF=2688$  Asset1=42223$ Asset2=5087$
ROI = 50%:  RF= 0$      Asset1=37500$ Asset2=12500$

Optimal Portfolio of only Asset 1 + Asset 2:
Asset 1: 89.25% Asset 2: 10.75%
This portfolio has a SD of 11% and a expected rate of return of 42%. (Sharperatio = 3.82)



You can clearly see, that under this assumptions the addition of USDbitfnx to the NXT portfolio has an extraordinary reward/risk ratio. Even if you tilt the number to extreme scenarios, you should still add considerable amounts of your portfolio into an asset like USDbitfnx.

Thank you for the attention
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printshop

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Dividend will be paid out the day after tomorrow

great movie, great analysis :)

Bitfinex_USD

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Dividend will be paid out the day after tomorrow

great movie, great analysis :)

Thank you!
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Bitfinex_USD

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Business as usual. I updated the spreadsheet and I try to maximize the return of the swapping.

The asset is seeing some funds inflowing finally, we might see 10000 USD soon.

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Bitfinex_USD

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Updated the spreadsheet. We now are over 10,000 USD again!

Next step 15,000 USD!
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printshop

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Updated the spreadsheet. We now are over 10,000 USD again!

Next step 15,000 USD!

I wanted to buy more for KNS, but there are bids for 6% and 7% up from the fund's value already, which aren't being filled. When can we expect an entry closer to 3-5%?

Bitfinex_USD

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Updated the spreadsheet. We now are over 10,000 USD again!

Next step 15,000 USD!

I wanted to buy more for KNS, but there are bids for 6% and 7% up from the fund's value already, which aren't being filled. When can we expect an entry closer to 3-5%?

I put up 1000 USDbitfnx @ 52.5 NXT. If 1 NXT = 0.02$ this is about +5%
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