Blurt Economic Indicators - 29 May 2022

My weekly look at Blurt's economic indicators.

All rises and falls are relative to last week.

Blurt Economic Indicators

BLURT Supply = 461.6 million
Vested BLURT (BP) = 55.3% (+0.3)
BP Voting Capacity = 37.0% (+0.5)

Reward Pool = 1.965 million BLURT (-0.014M)
Recent Claims = 141.9 TRshares (+3.0T)

Vote Yield estimate (100k BP) = 28.0% APR (-0.7)

Author/Curation Yield estimate = 14.0% APR (half of the Vote Yield)

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

Insights

Strong numbers this week regarding activity. With claims rising and the pool falling, the vote yield has dropped to 28% APR.

Vesting continues to be robust, so that more BP is being used for voting.

Despite the cold crypto winter, Blurt still has the heating on!

I hope the gross yield will drift towards 25% in the next 2 or 3 months.

Not much else to say this week!

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 23% APR (average 16%)
Hive DLease rates: max 12% APR (average 10%)

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

Steem is now above its debt-ratio ceiling, so that the SBD printing rate is currently zero. Strangely, this isn't yet reflected in the DLease rates, although I note the average has dropped about 5% in a week - so a few people are paying attention.

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: $0.0205 (-8%/week)

BBLURT price: $0.0203 (-6%/week)

BLURT has continued to drift lower in USD terms, being dragged down by the rest of the market, but continues to hold firm against BTC and HIVE (our main exchange rates).

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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