The reward payouts this week have a headline rate of 36.5% APR - up slightly from last week.
The actual distribution has increased from 49.9 to 68.6 SWAP.HIVE.
BYT token holders will see their rewards in their SWAP.HIVE account - not in their BYT holdings.
The Numbers
This week:
BYT Headline Yield = 36.5% APR
BYT Yield in BLURT = 42.8% APR
BYT Yield at par = 35.2%
BYT Program Total = 1,091,900 BLURT equivalent
HIVE/BLURT Rate = 131 BLURT per HIVE
Read this for further explanantions of how the metrics are calculated.
Insights
Some interesting changes to the metrics this week. The yield in BLURT has nudged lower, and is in line with the changes in the blockchain yield. Both the other two yields have risen, showing how new BYT tokens sold take at least a week to earn their value.
But perhaps the most interesting change is the sharp increase in the yield at par value. Note that if this ever goes higher than the headline rate, then that means a BYT is worth more than 1 HIVE - or at least, is yielding as if it were valued at over 1 HIVE.
The reason for this sharp rise is wholly due to the relative changes in coin prices, as can be seen in the 1 HIVE being about 131 BLURT. It had for some weeks been around 150-170, although when BYT launched it was down to about 115.
The new BBLURT token and BBLURT/BNB swap pool seem to have helped raise the BLURT price as well as, lest we forget, BYT itself buying up over 100k last week.
BYT shall be buying even more BLURT this week as we have had quite a few sales in the last couple of days.
And... BYT has finally reached its 1 HIVE par token price.
So... another good week!
Buy BLURT on Probit, Ionomy, Hive-Engine and STEX.
Buy BYT on Hive-Engine
BYT Backs: Reward Distribution of 35.9% APR for 27 September 2021
BYT Backs: Reward Distribution of 37.2% APR for 20 September 2021
News BYT: Rewards Distributed - 13 Sep 2021
News BYT: Minimum BYT Holdings
BYT: Blurt Yield Token Guide (best basic info)
Awesome. Buying more BYT every day….. Whatever I can afford…. Great investment. It’s my #2 Holding on Hive-Engine after POB .
Thanks!
and the way it is set up, if the HIVE price increases, then each token is worth more in HIVE, and if the BLURT price increases, the APR goes up :-)
I added some more BYT coins. Good luck to @blurtyield.
Thank you.
I’d like to eventually have 10,000 BYT ….. 10,000 POB… 10,000 SPS ….. and 10,000 AXS.
Yeah, I have over 5k BYT in my personal holdings - but I hope to see sales pick up so I can slow down buying.
That 5k yielded 36 HIVE this week - that's about 0.1% per day :-)
That’s awesome. …. With High staking yields … eventually more people will buy.
Congratulations, your post has been curated by @r2cornell-curate. Also, find us on Discord
Felicitaciones, su publication ha sido votado por @r2cornell-curate. También, encuéntranos en Discord