The reward payouts this week have a headline rate of 26.0% APR, and the yield at par price of 1 HIVE is 45.9% APR (54.1% APR including Bonus).
The actual distribution has increased from 197.0 to 219.0 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 = 0.883 (+0.161 = 1.044 inc. Bonus)
BYT Headline Yield at ABV = 26.0% APR (= 30.6% inc Bonus)
BYT Yield in BLURT = 30.9% APR
BYT Yield at par 1 HIVE price = 45.9% (= 54.1% inc. Bonus)
BYT Program Total = 1,858,000 BLURT equivalent
HIVE/BLURT Rate = 42 BLURT per HIVE
BYT ABV = 1.77 HIVE (2.10 USD)
Read this for further explanations of how the metrics are calculated.
Insights
Notice I have included the recent random bonus as I wondered how many members even noticed. A week runs from Monday to Sunday, with Monday's distribution calculated from the previous week; so, unlike my first idea, it makes more sense to add the bonus to the next payout rather than the previous one.
OK, time for some visuals. Here is a chart of the BYT payouts expressed as HIVE per BYT - actually SWAP.HIVE, but never mind.
The spike upwards was in November, due to a fortuitous price movement whereby HIVE was falling while BLURT was rising. This gave us the lowest cross-rate of 24 BLURT per HIVE. Compare this to the recent rate that has been hovering around the 40s.
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.
I've mentioned before, that it was a rather slow start, with obviously too many tokens on sale. Once I reduced the tokens on the market and allowed the price to approach the asset-backed value, ABV, the chart is now a better reflection of the value of each BYT token.
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.
The Random Bonuses will continue, even if met with rather a whimper, so there will be one more this month. I'm not sure the Roman numerals work, so the next bonus will be coded as FEB-B-22. Each subsequent month will be MMM-A/B-YY.
Not much else this week.
Live long and prosper!
Buy BLURT on Probit, Ionomy, Hive-Engine and STEX.
Buy BYT on Hive-Engine
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
BYT Backs: Reward Distribution of 36% APR for 29 November 2021
BYT Backs: Reward Distribution of 65% APR for 22 November 2021
BYT Backs: Reward Distribution of 104% APR for 15 November 2021
BYT Backs: Reward Distribution of 96.1% APR for 8 November 2021
BYT Backs: Reward Distribution of 33.1% APR for 1 November 2021
BYT Backs: Reward Distribution of 37.6% APR for 25 October 2021
BYT Backs: Reward Distribution of 37.9% APR for 18 October 2021
BYT Backs: Reward Distribution of 35.7% APR for 11 October 2021
BYT Backs: Reward Distribution of 36.5% APR for 4 October 2021
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)
Thanks for the feedback
This information from the good news, thank you very much.
We just hold BYT in hive-engine and recieve swap.hive?
Yes, just buy n hold - no staking needed as there is no staking option anyway :-)
Got it.
Oh THAT's what my BYT are for. I did wonder. Had no clue what to do with them.
so... you bought them on a whim!? lol
or were they a prize? can't remember.
no, @ajerkoff gave me them as a random pressie. Didn't say why, well he did, he said 'coz I can' then I wondered why I was holding blurt tokens on hive when I don't like hive. So here we are.
Ah yes... I recall now! :-)
Now ya know! (and so do I)
I received and noticed the bonus, much appreciated.
Also, keep in touch with Blurtconnect-ng family on Telegram and Whatsapp