Blurt Economic Indicators - 28 August 2022

My weekly look at Blurt's economic indicators.

All rises and falls are relative to last week.

Blurt Economic Indicators

BLURT Supply = 471.2 million
Vested BLURT (BP) = 55.8% (+0.1)
BP Voting Capacity = 42.9% (+6.7)

Reward Pool = 1.792 million BLURT (-0.012M)
Recent Claims = 169.4 TRshares (+8.4T)

Vote Yield estimate (100k BP) = 21.6% APR (-1.2)

Author/Curation Yield estimate = 10.8% APR (half of the Vote Yield)

SWAP.HIVE:SWAP.BLURT Average Yield = 26.8% APR (BeeSwap)

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

Insights

Activity continues to grow, as both the voting capacity and the recent claims further increase. The BP percentage has also nudged up, but by about 2%, much less than the almost 20% rise in claims.

Hence, we see the vote yield heading towards the 20% mark. However, what would normally be considered a strong trend has done little to halt the sliding coin price, so we must assume that this activity is not due to any new members but rather existing users cashing out their profits.

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 19% APR (average 16%)
Hive DLease rates: max 11% APR (average 9%)

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: $0.0043 (-27%/week)

BBLURT price: $0.0050 (-12%/week)

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.

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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Thanks!

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