Five bullet Friday - Issue #81

    You must have received the corrected Schedule K-1 for 2020 yesterday. Please use the file dated on March 10th and discard the previous one. It is nice that you have some capital losses that you can use to offset against gains from other parts of your portfolio. The statement from Tower Fund reflects both your unrealized and realized gains and losses. Your schedule K-1 only reflects your realized gains or losses. 

1. This week we have claimed our income from the 7 dark nodes of REN. This produced an income of 0.84 RENBTC tokens. These tokens are similar to BTC, but exist on ethereum blockchain. We started running our Dark nodes last year in May, when REN token price was $0.06. It was cheap to run a dark node. Today it costs more than $116,000 to run a dark node, as REN is trading at $1.16 today.

2. During last week, KBTC price went below bitcoin's price for the first time since it launched. As a result, we did not get any income in our Boardroom staking. When the price goes below bitcoin's price, it enables us to convert KBTC tokens to KBOND at a discount. I have converted our KBTC to kbonds, when they were trading at 30% discount. Now we need to wait till KBTC price crosses bitcoin price to redeem at full value.

3. Last week we did not receive any income in the klon Boardroom staking as KBTC price went below bitcoin. I have changed our strategy to stake our KLON tokens in Uniswap to generate income. This does not produce as much income as boardroom, but it is decent. This only happened in the last 3 days, but generated 213 KLON tokens as our reward. See our Retained Earnings spreadsheet for more details.

4. After a long wait, YFI finally launched their version 2 vault for YFI. I was expecting it almost 3 months ago, but it arrived. It is generating a superb 165% annualized yield in the form of nce crosses bitcoin price to redeem at full value.

3. Last week we did not receive any income in the klon Boardroom staking as KBTC price went below bitcoin. I have changed our strategy to stake our KLON tokens in Uniswap to generate income. This does not produce as much income as boardroom, but it is decent. This only happened in the last 3 days, but generated 213 KLON tokens as our reward. See our Retained Earnings spreadsheet for m