dCITY update - Changes to DIVS - read on for more info bros by brofund

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @brofund · Sep 5 '21

$63.31

dCITY update - Changes to DIVS - read on for more info bros

Hello to all the bros, @brofund is going ahead strong, everything is clicking, and divs keep coming day after day. As your dCity manager, I have been doing my best to get the most from our dCity investment, even though we distribute the SIM income every single day. That means we have not been able to reinvest and grow, only adjust and modify.

![image.png](https://files.peakd.com/file/peakd-hive/brofund/23yTh3kaJeEKcr9z2PLxk1aHuPbFsqJFUspjwBHpbbvBxTjgtWVBjiZ3a3gobbgt9FC2V.png)

And today I would like to announce a huge modification -

## SIM divs will cease starting today!

Its not as cataclysmic as you might think, but we need to take some time to reorient our selves and our strategy with regards to this game.

First, with all the [new updates going on in dCity](https://peakd.com/dcity/@ecoinstant/what-we-know-so-far-about-the-defi-foundations-being-built-under-dcity) and its related defi foundational platform being built up (check out the new [BeeSwap](beeswap.dcity.io)), its important to note that we do not think that dCity is dead. In fact, the returns are pretty great, but the meta has shifted towards holding SIM, and since we have been paying SIM dividends, we've basically gotten bubkiss to show for it, all you BRO holders have got everything! So either you sold it or hold it, but it was in your hands.

Looking at our options, @raymondspeaks and I decided to take a different tact, to sell off our city for SIM, and pool that into the Liquidity Pool (swap.hive:SIM). Holding SIM is paying HIVE rewards (100+% apr at todays prices), plus liquidity providers are getting paid SIM, BEE and soon to be BXT.

Our plan is to accumulate a position in the liquidity pool, and start to pay out that SIM to you BROs. We will keep the HIVE, BEE and BXT to grow, for now at least this is the plan.

I took the first step today and moved all the cards over to @brofundholdings. SIM divs will stop, yesterday was the last time, for a bit, while we get everything organized.

![image.png](https://files.peakd.com/file/peakd-hive/brofund/23xAyFx2V6AqTM6WLqYBnfmZz7fWP7UyTHhTrwBDJbQc2W8SsmiH4wA3VDt27sYjWgJNg.png)

You may notice that @brofund has some of the earliest cards ever printed! I will do my best to sell off our assets for great prices, and not rush the sale as to lose value. Now is a good time to sell for SIM, since we will get more SIM for our tokens. I will also do my best to maintain a working, yet shrinking, city on the @brofundholdings account while we are selling off, this should maximize returns in both the long and the short term.

https://images.hive.blog/0x0/https://files.peakd.com/file/peakd-hive/ecoinstant/23tRzfYx6E5x3mbysJYCNFHpANxcLm78YCDVCussnjWex9MLc9j9NGJ9RkPhKxY99yEkZ.png

I hope this transparent update let's you know exactly what we are doing with @brofund's funds, leave me a question or comment down below and I will be sure to address it!

## Freedom and Friendship!

👍 trafalgar, jphamer1, leo.voter, buildawhale, aggroed, steembasicincome, trumpman, themarkymark, stayoutoftherz, steemychicken1, fredrikaa, joshman, traf, slobberchops, enjar, ash, chronocrypto, therealyme, urtrailer, penguinpablo, sbi2, melbourneswest, justinparke, jlsplatts, roleerob, archon-gov, investegg, r0nd0n, dera123, simplifylife, netaterra, vipservice, raindrop, daveks, erikah, ruth-girl, johannpiber, whatsup, jeanlucsr, linco, wiseagent, abrockman, diabolika, ew-and-patterns, enforcer48, splatts, vincentnijman, bashadow, oldmans, ecoinstant, jaraumoses, tsnaks, cryptomaniacsgr, sam99, cmplxty, ninnu, pixresteemer, simplymike, forexbrokr, fixie, dcityrewards, manniman, gadrian, cryptonized, and 270 others

properties (23)vote details (334)

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@bitcoinflood · Sep 6 '21

What is BXT?

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@ecoinstant · Sep 6 '21

@gerber has been dropping hints, no official post yet. 

https://peakd.com/dcity/@ecoinstant/what-we-know-so-far-about-the-defi-foundations-being-built-under-dcity

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@bobthebuilder2 · Sep 5 '21

I'm still trying to figure out how to play the game... lol

Thanks for the heads up!

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@cmplxty · Sep 5 '21

Decent change and one I think will be good long term. Keep it up folks!

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@eirik · Sep 8 '21

Okay.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@eirik/re-brofund-6ka5ej)

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@jfang003 · Sep 5 '21

$0.02

So selling SIM and putting them into the LP is better overall for rewards? I have just been sitting on my SIM and it hasn't even reach 8k for the holding rewards yet.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-brofund-33gkmf)

👍 boycharliefamily

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@ecoinstant · Sep 6 '21

$0.03

It appears that way for now, though it should balance out over time.

👍 dustsweeper, jfang003

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@khan.dayyanz · Sep 5 '21

It5's been a quit a while since I checked my dcity. So not sure what i have to say here. Keep doing what you believe is best.

properties (22)

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@melbourneswest · Sep 5 '21

Sounds great and well done on all the work. Keep it up!

properties (22)

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@melbourneswest · Sep 5 '21

!pizza

properties (22)

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@pixresteemer · Sep 5 '21

<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 71 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-71-and-start-week-72) just started...you can now check the winners of the previous week!</center><center><sub>10</sub></center>

properties (22)

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@poshtoken · Sep 5 '21

https://twitter.com/TheManCaveProj1/status/1434543156582883334
<sub> The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>

properties (22)

@renovatio · Sep 5 '21

$0.24

dCity has been a source of headaches since day one for everyone so anything that simplifies the management of the funds ventured in there is fine ^_^

👍 ecoinstant

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properties (23)vote details (1)

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@stickupboys · Sep 5 '21

Interesting stuff! @stickupmusic have some !PIZZA

👍 stickupmusic

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stickupmusic	0 B		1,824,646,971	100%

@pizzabot · Sep 5 '21

<center><p>@brofund! I sent you a slice of <b>$PIZZA</b> on behalf of @stickupboys.</p>
<p>Did you know Pizzabot speaks Spanish if you use the command ESPIZZA?
<sub>(1/20)</sub></p></center>

properties (22)

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@stickupmusic · Sep 6 '21

I'm still new to dCity, and it is somewhat baffling; interesting to hear what big players such as yourself think of it.

properties (22)

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@trumpman · Sep 5 '21

Pump it

properties (22)