BYT Back: Reward Distribution Done for 18 July 2022

in byt •  2 months ago 

This week's reward distribution has been done. Payouts in SWAP.HIVE.

SWAP.HIVE per 100 BYT Payout = 0.337 (down) (+ 0.328 Bonus = 0.665)

Headline Yield: 16.6% APR (assuming ABV) (down)

Yield at par: 17.6% APR (assuming 1 HIVE price) (down)

BYT ABV: 1.06 HIVE (UP)

The headline yield has been bouncing around the 20% mark for many weeks. Although it has never been this low, at least we know the reason for it. Once those "lost" 3 days have flushed out, we should be back up to the 20% region.

The loss of 3 days out of 7 is equivalent to about a 40% drop, but note that the drop in yield is only about 20%. This shows our diversification across two other networks does have an effect.

Remember: multiply Headline Yield with the ABV will equal the Yield at par.

Full post will come in a few hours. As usual, this brief post sets a timestamp for the distribution.

Any BYT token purchases made after this distribution will receive rewards next week.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!
Sort Order:  

I wish people wpuld take this more seriously , this is such a perfect staking .

Yeah, actual tokens held has been flat for over 2 months - kinda bored now.
Was seriously looking at a parallel token on Juno - just before that imploded with their naive "fair" airdrop - why don't people put their black hats on and stress-test their naive assumptions?
I need to think about that again - get a new audience.
Thanks!

Well , isnt that one till August ?
I dont mind another stretch though
But i understand it can be bored for you ...

Not to worry, just thinking out loud, as will need to write it down in a couple of weeks anyway.
Don't worry, I've been managing similar tokens for 5 years and have never abandoned any of them - there is a technique to an orderly wind-down, or an expansion, so BYT then becomes a component of a broader fund. Is not hard, but it is hard work if done properly and that's why it really needs to be bigger.
Managing $1m is kinda the same amount of time as $50k!!

And at some point , market will recover , for almost all projects .
Same amount of time , i am not surprised .