Blurt Economic Indicators - 13 February 2022

My weekly look at Blurt's economic indicators.

All rises and falls are relative to last week.

Blurt Economic Indicators

BLURT Supply = 450.2 million
Vested BLURT = 53.8% (+0.1)

Reward Pool = 1.978 million BLURT (rising)
Recent Claims = 132.2 TRshares (rising)

Vote Yield estimate (100k BP) = 29.6% APR (rising)

Author/Curation Yield estimate = 14.8% APR (half of the Vote Yield)

You can also see the raw numbers on a blockchain explorer.

Insights

With vested BLURT nudging up, the reward pool nudging down and the recent claims continuing to rise, is very much "steady as she goes" for the Blurt economy. Vote yield has nudged down to below 30%; still rather high given the blockchain's inflation (minting) rate, so as we onboard more users expect this to drift further down.

Comparisons

The Blurt yields at the moment continue to be high - I don't think I can any longer say that they are higher than defi pools, but they definitely don't suffer any "impermanent losses".

A comparison with the other Graphene chains done using the DLease delegation rates.

Steem DLease rates: max 29.1% APR (average 22.7%)
Hive DLease rates: max 11.7% APR (average 8.4%)

Those rates have always tracked the profitability of each chain and have the advantage of being one simple number.

With the three Graphene chains diverging in terms of their economic models, I do wonder how useful such comparisons are, except perhaps to gauge how those different models behave at the macroeconomic level.

Although Vote Yields are expressed in terms of financial returns, they are also fundamental expressions of the level of activity on each chain relative to the coin minting rate.

Hive has undergone HF25 and, as predicted, rates have fallen towards the chain yield. Steem is higher due entirely to the high SBD; however, note it has been oscillating wildly as SBD price oscillates and the system is now close to a debt-ratio maximum.

We now have a BLURT price feed within the Blurt wallet, so I no longer need to give my weekly price comparisons. Instead, I shall show the difference between our BLURT feed estimate and the BBLURT price.

BLURT feed: $0.0318 (+9%/week)

BBLURT price: $0.0300 (-2%/week)

Bitcoin surged above the important $42k level and is now retesting it as a support. Other coins have largely followed suit, easing off their rallies.

Note that any swap pool price will not necessarily reflect open market prices. A swap price will only change when there is an actual trade; buying BBLURT will increase the price and selling BBLURT will lower it. There are no "open orders", so every transaction will have an effect. This is how arbitrageurs make their money: buying and selling price discrepancies across different markets.

We have an issue now with Probit since they enforced KYC on all users. Volume has fallen dramatically and been exported to Ionomy and Hive-Engine. The issue is that BLURT really needs one more market that is picked up by the price aggregators such as CoinGecko and CMC. This is being looked at but has to be done in a manner that is strategic and cost-effective.

I hope these numbers will give members some insights into how the Blurt economic system is managed and, more importantly, how each individual user can both benefit from and affect the whole chain.

Blurt Better!

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Buy BLURT on Probit, Ionomy, Hive-Engine.

Buy BYT on Hive-Engine

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