As per the Proposal to Extend the BYT Program Beyond August 2022, the final result is: 81% YES, 0% NO, 19% no-vote.
We shall therefore extend the BYT program for a further 3 months. This takes us to the end of November 2022, during which month there will be another vote.
The aims of the BYT program shall remain the same: to maximise the income of token holders. Our main documents can always be seen as links in the footer of our weekly distribution posts, such as the BYT: Blurt Yield Token Guide.
The growth in the overall fund will, of course, depend on further token sales. These have been very sluggish in the past 3 months, hence the slow change to hold more yield-bearing coins, such as Tribaldex pools. Most pools are due to end their incentive structure very soon and it remains an unknown as to whether some will then initiate a new cycle of rewards.
So, in the absence of significant recent growth in the active token base, I have shuffled the relative weightings of the fund holdings so as to focus more on passive income. The slide in BLURT price has also influenced this. But one bright spot in our metrics is the so-called headline rate, that has remained fairly constant over recent months at about 22% APR. One thing that can be done is to lower this value a bit and accumulate capital instead. This can most easily be achieved by making the bonuses a bit lower. It's not a question of making more profits, but whether those profits appear as income or capital. A few people have asked me about what the "winding down" process would look like, so I think I shall post on this soon.
For now, enjoy the extra 3 months - and a half!
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BYT is supported by the @busbecq witness.
Very pleased to hear this great news ~ Thank you √√√