Blurt Economic Indicators - 13 June 2021

My weekly look at Blurt's economic indicators.

All rises and falls are relative to last week.

Blurt Economic Indicators

BLURT Supply = 423.8 million
Vested BLURT = 50.0% (-0.1)

Reward Pool = 2.18 million BLURT (rising)
Recent Claims = 73.7 TRshares (falling)

Vote Yield upper estimate (500k BP) = 54.6% APR (rising)
Vote Yield lower estimate (500 BP) = 53.9% APR (rising)

Author/Curation Yield lower estimate = 26.9% APR (half of the Vote Yield)

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

Insights

We continue to see the metrics change fairly quickly since HF6, as expected, with the upper yield estimate rising from 48.0% to 54.6%. We shall see next week if it attenuates to around 60% APR. Again, as predicted, this will not be far off what it was just before HF6.

Also note that the differential between the upper and lower estimates is about 1.5%. This is low enough to be barely noticeable by users whilst retaining the mathematical consequence that splitting a large account into alts is financially pointless.

Now that HF7 has activate author rewards being paid 25% in liquid BLURT, I would expect to see the percentage of vested BLURT slowly fall - unless some meaningful new powering-up takes place.

Comparisons

As I've said before, such yields at the moment are higher than many defi swap pools - and without the danger of "impermanent losses". With BLURT coin prices being so low, this is also a good time to increase one's Blurt Power and accumulate for a future rise.

We continue to see other crypto socmedia sites struggling, and sometimes failing, because they really do not have a robust economic model. Blurt has had its issues, but the aims have not changed, so I hope to see the next phase of economic improvements soon - probably in 4 to 6 months, being conservative.

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

Steem DLease rates: max 44.3% APR (average 22.7%)
Hive DLease rates: max 13.8% APR (average 10.8%)

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

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.

This week, the Steem values are skewed higher by a small number of high-APR but low-value delegation requests. Significant amounts are around the 31% level.

As we don't seem to have a functioning price feed on the explorers, these price snapshots may also help users decide where to trade BLURT.

Ionomy/Probit: 8/12 sats/BLURT (approx $0.0036)
Hive-Engine: 0.009/11 HIVE/BLURT (approx $0.0037)

The HIVE market appears to be the most active and the most volatile, so these are numbers for the current price range and best conversion to USD. We see the three markets being fairly close to each other at the moment.

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.

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Thanks!

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