Blurt Economic Indicators - 17 April 2022

My weekly look at Blurt's economic indicators.

All rises and falls are relative to last week.

Blurt Economic Indicators

BLURT Supply = 457.0 million
Vested BLURT (BP) = 54.3% (+0.3)
BP Voting Capacity = 36.0% (+0.0)

Reward Pool = 1.990 million BLURT (falling)
Recent Claims = 134.0 TRshares (rising)

Vote Yield estimate (100k BP) = 29.5% APR (falling)

Author/Curation Yield estimate = 14.7% APR (half of the Vote Yield)

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

Insights

Yet another week with very slight changes. The collective Blurt Power has nudged up, as have the recent claims, thereby lowering slightly the gross vote yield, but we're still hovering around the 30% mark - this means curation rewards come in at about 15% APR.

We are also seeing the BLURT price consolidating from last month's lows. We shall need a few more weeks to see if this continues.

Not much else to say this week! Some thoughts below on HBD.

Comparisons

I was going to remove these comparisons with other Graphene chains, but we are approaching yet another Hive economic change, so maybe worth keeping these. If for no other reason, the three tokens share at least three exchanges, so the metrics below may help aid understanding the flow of coin trades.

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

Steem DLease rates: max 28% APR (average 21%)
Hive DLease rates: max 13% APR (average 8%)

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

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: $0.0231 (+23%/week)

BBLURT price: $0.0224 (+19%/week)

The two prices have converged again this week, and moving upwards. In the last 3 weeks BLURT has moved up some 30% in USD terms and about 50% in BTC terms.

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.

Hive has thrown a challenge to its bloggers: if you're not making more than 20% APR from blogging, then just buy HBD and rake in 20% doing nothing. This has a few consequences. Because HIVE can now be converted into HBD, this will reduce the HIVE supply and hence increase the vote yields.

In the old economy, this would have led to the debt ceiling being reached very quickly. This no longer happens because there is a system to hide much of the HBD and not count it as debt. This means that the automatic HIVE price at the debt ceiling increases. The hope, on their part, is that this will both increase the market price of HIVE while also increasing the voting yield.

I mentioned before that the next logical step in that system would be to keep increasing the debt ceiling - and this is precisely what they are doing. This is a huge hike from 10% to 30%. We shall see how their continued financial manipulations pan out. All I would say is: don't sell your HIVE just yet! Wait for the pumps.

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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