The reward payouts this week have a headline rate of 25.6% APR, and the yield at par price of 1 HIVE is 52.2% APR.
The actual distribution has increased from 219.0 to 251.0 SWAP.HIVE.
BYT token holders will see their rewards in their SWAP.HIVE account - not in their BYT holdings.
The Numbers
This week:
SWAP.HIVE per 100 BYT Payout = 1.004
BYT Headline Yield at ABV = 25.6% APR
BYT Yield in BLURT = 30.6% APR
BYT Yield at par 1 HIVE price = 52.2%
BYT Program Total = 1,852,000 BLURT equivalent
HIVE/BLURT Rate = 36 BLURT per HIVE
BYT ABV = 2.04 HIVE (2.16 USD)
Remember: multiply Headline Yield with the ABV will equal the Yield at par.
Read this for further explanations of how the metrics are calculated.
Insights
A good week, the steep rise in payouts is due to a swing in the HIVE/BLURT rate, down from about 42 to 36. This can also be seen in the BYT token ABV nudging above 2.0 HIVE.
This is the first time we have paid above 1 HIVE per 100 BYT since 22 November 2021. That date was also the most recent yield above 50% APR at par and, interestingly, was the last time the two coins were at a similar swap-rate. However, the coins now are over 30% up in value compared to then so that, in USD terms, the yield this week is far more valuable.
This is the BYT price chart. Hive-Engine does not keep a full history, so worth seeing how the price has moved from the start.
We can see the 1.7 HIVE price as a resistance level at the moment. With BYT ABV continuing to rise, let's hope we can push through that this week.
Every week, I add one, or possibly two, new price-points close to that week's ABV. But the price is not always about just the capital value, but also the yield, so the market price can be both at a premium or a discount to the ABV depending on perceptions of future growth. There are also buybacks in place should anybody feel the need to sell. We are nowhere near the 100k token limit, but rest assured no more new tokens will be placed on the market once we reach that limit.
No Random Bonus this week - maybe next week!
Live long and prosper!
Buy BLURT on Probit, Ionomy, Hive-Engine.
Buy BYT on Hive-Engine
BYT Backs: Reward Distribution of 54% APR for 7 February 2022
BYT Backs: Reward Distribution of 44% APR for 31 January 2022
BYT Backs: Reward Distribution of 47% APR for 24 January 2022
BYT Backs: Reward Distribution of 46% APR for 17 January 2022
BYT Backs: Reward Distribution of 49% APR for 10 January 2022
BYT Backs: Reward Distribution of 47% APR for 3 January 2022
BYT Backs: Reward Distribution of 45% APR for 27 December 2021
BYT Backs: Reward Distribution of 49% APR for 20 December 2021
BYT Backs: Reward Distribution of 45% APR for 13 December 2021
BYT Backs: Reward Distribution of 44% APR for 6 December 2021
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News BYT: Rewards Distributed - 13 Sep 2021
News BYT: Minimum BYT Holdings
BYT: Blurt Yield Token Guide (best basic info)
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Grabbed 2 more BYT yesterday. Cool way to earn while holding BLURT! #Way2Grow
Can you point me to more information about the BYT token .It Looks interesting and I would like to understand it better. Thank you.
It's in the footer links = https://blurt.blog/byt/@blurtyield/byt-blurt-yield-token-guide
thx :-)
The only real change from that launch doc is the addition of some Cosmos investments, largely motivated by the DIG token airdrop.
Amazing