BYT Backs: Reward Distribution of 37.6% APR for 25 October 2021

in byt •  3 years ago 

The reward payouts this week have a headline rate is 37.6% APR - a notch lower than last week.

The actual distribution has increased from 71.9 to 98.5 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 = 37.6% APR
BYT Yield in BLURT = 42.0% APR
BYT Yield at 1 HIVE par = 45.5% APR

BYT Program Total Value = 1,219,200 BLURT equivalent
HIVE/BLURT Rate = 100 BLURT per HIVE

Read this for further explanantions of how the metrics are calculated.

Insights

As promised, this week's rewards are a bit later than usual, but still on time.

Some interesting numbers this week. The headline yield is flat compared to last week, with the BLURT yield nudging lower and in line with the Blurt blockchain vote yield. However, the eye-catching number is that the yield at par has shot up to over 45% APR and is, for the first time, much higher than the headline yield.

What does this mean? If you divide the yield at par by the headline yield, you end up with a price estimate for one BYT of just over 1.2 HIVE. This means that BYT tokens are now more valuable than their sale price!

The two yields may now start to make sense. If you think of your BYT as worth 1 HIVE then this week's rewards are equivalent to 45.5% APR, whereas if you think of BYT in terms of its asset-based value of 1.2 HIVE then the same actual rewards are equivalent to 37.6% APR at this variable price.

It has taken a few weeks to reach this point for two reasons: early tokens were sold at a discount; and the BLURT price has increased more than HIVE, making each BYT worth more.

There remain over 78,000 BYT left on sale at 1 HIVE. If I see the value consistently rising above 1 HIVE, I shall change the token distribution and insert some more price-points. This also means we will have a real market quicker as, at the moment, it is largely a place to buy.

I trust you are all entertained!



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

Buy BYT on Hive-Engine



BYT Backs!

BYT Backs: Reward Distribution of 37.9% APR for 18 October 2021

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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 Token Launch Success

BYT: Blurt Yield Token Guide (best basic info)

BYT Discord
BYT noise.cash

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Sort Order:  
  ·  3 years ago  ·  

@blurtyield, Thanks for this week's rewards. I have received the reward.

Interesting.

  ·  3 years ago  ·  

Hi, good to see Mr Utopis here :-)

Hi you doin, let me see what I can do with your project and with mine.

  ·  3 years ago  ·  

OK cool - maybe hook up on discord - this account is quite new and has a narrow focus, but I do hold UTOPIS in other projects.

Maybe half a dozen "fund" tokens on hive-engine. What I find concerning is how brittle they are to HIVE price pumps and money draining out.

  ·  3 years ago  ·  

Awesome… earned 3 Hive…l bought 3 more BYT …. Best yield anywhere

BYT: https://hive-engine.com/?p=market&t=BYT

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  ·  3 years ago  ·  

Thanks! I don't wish to add even more numbers, but 37.6% compounded weekly yields 57.2% APY :-)

  ·  3 years ago  ·   (edited)

Woo hoo…the magic of Compounding interest… I just bought a bunch more. I think I need a few thousand BYT.

  ·  3 years ago  ·  

nice one we just got some more lol

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