Blurt Economic Indicators - 7 November 2021

My weekly look at Blurt's economic indicators.

All rises and falls are relative to last week.

Blurt Economic Indicators

BLURT Supply = 439.5 million
Vested BLURT = 52.9% (+0.3)

Reward Pool = 1.924 million BLURT (falling)
Recent Claims = 95.5 TRshares (rising)

Vote Yield estimate (100k BP) = 39.0% APR (falling)

Author/Curation Yield estimate = 19.5% APR (half of the Vote Yield)

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

Insights

This week has seen a strong move in a positive direction for both activity and price.

The vote yield estimate has taken a sharp turn downwards from 42% to 39%, and the vested BLURT continues to rise as a percentage of the supply.

Both the reward pool and recent claims are moving in their correct logical directions to indicate an increase in on-chain activity - that means voting.

Not really much else to add this week!

Comparisons

The Blurt yields at the moment continue to be 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 seem to be seeing that now!" I kept that so you could smaile :-)

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

Steem DLease rates: max 28.0% APR (average 21.7%)
Hive DLease rates: max 11.5% APR (average 7.3%)

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.

Hive has undergone HF25 and, as predicted, rates are falling towards the chain yield. The Dlease rate seems to be yanked up and down by just one account, so oscillates between 10% and 13%. Steem is higher due entirely to the high SBD.

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: $0.0350 (+43%/week)

BBLURT price: $0.0383 (+43%/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.

This week, the BLURT price has again risen dramatically, and across all active markets. Prices do remain volatile as liquidity can dry up on one side of the trade - not forgetting large moves in the swap pool.

I would also note that those users who are concerned about the BLURT statistics on CoinGecko realise that their price is now taken only from Probit and the BBLURT pool. So, if you wish to influence the public manifestation of the BLURT price then buy it on one of those platforms! Probit has by far the lowest transfer fee of just 0.1 BLURT.

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.

And finally, great to see Reblurts working once again! You can see the announcement post on my blog feed :-)

Blurt Better!

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Buy BLURT on Probit, Ionomy, Hive-Engine and STEX.

Buy BYT on Hive-Engine

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Please vote for my witness account @busbecq.
Can be done directly here.
A witness is more than a machine.
Thanks!

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