BYT Backs: Reward Distribution for 28 February 2022

The reward payouts this week have a headline rate of 24.3% APR, and the yield at par price of 1 HIVE is 59.9% APR.

The actual distribution has increased from 280.0 to 306.0 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 = 1.153 (+0.335 Bonus = 1.488)

BYT Headline Yield at ABV = 24.3% APR (30.6% inc Bonus)
BYT Yield in BLURT = 29.8% APR
BYT Yield at par 1 HIVE price = 59.9% (75.6% inc Bonus)

BYT Program Total = 1,945,000 BLURT equivalent
HIVE/BLURT Rate = 30 BLURT per HIVE

BYT ABV = 2.47 HIVE (2.50 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 reminder that Random Bonus FEB-B-22 was paid last week and the values have been added above to show the total distributed rewards for the whole week.

This week, the HIVE/BLURT cross-rate has moved very little, being slightly down but looking flat to the nearest whole number. The real increase in earnings has come from the Cosmos chain, so expect some nice bonuses in March.

Here is a weekly chart of the returns expressed as HIVE per 100 BYT.

I thought it would be hard to achieve the same level of returns as the ATH back in November 2021. The fund was much smaller than and the swing in coin values was quite large. But looks like the bonuses may help get close to those levels.

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.

Don't Panic!

Buy BLURT on Probit, Ionomy, Hive-Engine.

Buy BYT on Hive-Engine