BYT Backs: Reward Distribution for 21 February 2022

in byt •  3 years ago 

The reward payouts this week have a headline rate of 23.6% APR, and the yield at par price of 1 HIVE is 56.6% APR.

The actual distribution has increased from 251.0 to 280.0 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 = 1.089

BYT Headline Yield at ABV = 23.6% APR
BYT Yield in BLURT = 28.4% APR
BYT Yield at par 1 HIVE price = 56.6%

BYT Program Total = 1,875,000 BLURT equivalent
HIVE/BLURT Rate = 30 BLURT per HIVE

BYT ABV = 2.40 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

Another good week, the steep rise in payouts is due to a swing in the HIVE/BLURT rate, down again, this time from about 36 to 30. This can also be seen in the BYT token ABV moving up to 2.40 HIVE.

This is another new high in terms of paying out over 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 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 - there will definitely be one soon as it is the last week of the month!

Live long and prosper!



Buy BLURT on Probit, Ionomy, Hive-Engine.

Buy BYT on Hive-Engine



BYT Backs!

BYT Backs: Reward Distribution for 14 February 2022

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
...
News BYT: Rewards Distributed - 13 Sep 2021

News BYT: Minimum BYT Holdings

BYT Token Launch Success

BYT: Blurt Yield Token Guide (best basic info)

BYT Discord
BYT noise.cash



Posted from https://blurt.one

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!
Sort Order:  
  ·  3 years ago  ·  

BYT Looking awesome indeed! Definitely my favorite Token with passive income on Hive Engine.

Long may it continue ... 🤑 I'm most HAPPY √

  ·  3 years ago  ·  

Thanks - and random bonus coming soon - not so random as only a few days left in the month ;-)


Posted from https://blurt.one

  ·  3 years ago  ·  

Thank you for another great report and week.

Congratulations, your post has been curated by @r2cornell-curate. Also, find us on Discord

Manually curated by @abiga554

logo3 Discord.png

Felicitaciones, su publication ha sido votado por @r2cornell-curate. También, encuéntranos en Discord

Posted from https://blurt.one

  ·  3 years ago  ·  

Congratulations, your post has been curated by @techclub


Manually curated by @samhenrytenplus

@techclub banner

Follow @techclub for more updates and use tag #techclub for tagging content

you can also delegate to @techclub to support curation