BYT Backs: Reward Distribution & Market Analysis for 11 July 2022

in byt •  3 months ago 

The reward payouts this week have a headline rate of 21.0% APR, and the yield at par price of 1 HIVE is 21.9% APR.

The actual distribution has increased a notch from 190.0 to 191.0 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 = 0.421

BYT Headline Yield at ABV = 21.0% APR
BYT Yield in BLURT = 22.9% APR
BYT Yield at par 1 HIVE price = 21.9%

BYT Program Total = 3,061,000 BLURT equivalent
HIVE/BLURT Rate = 64 BLURT per HIVE

BYT ABV = 1.05 HIVE (0.508 USD)

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

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

Insights

Metrics and distribution are fairly flat compared to last week. As post rewards have a 7-day cycle, the recent blockchain down-time has not had an immediate effect. It was good to see that the chain kept all the virtual transactions and processed them as the hotfix 0.7.2 came into effect.

However, those 3 days without voting will have an effect next week. Although our Random Bonuses are supposed to be random - or at least unpredictable - this is a good time to distribute one of them. We have plenty of cash to do so, and the new low BYT price has encouraged some buyers. Expect one this week!

I mentioned last week that if the ABV does rise significantly, then I shall remove the lowest priced tokens. A difference of 20% seems reasonable, so an ABV of 1.10 HIVE will trigger the removal of the 0.9 HIVE tokens etc. I don't wish to micromanage this on a daily basis, but trading volume remains low, and as long as members understand the mechanisms they should be happy to see the market price rise again.

A reminder that BYT remains a fixed-term program, and that a new vote shall take place in August regarding whether to extend the program for a further 6 months. There are other options that will be described nearer the time.

Here is a weekly chart of the returns expressed as HIVE per 100 BYT.

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 am aware that this is not so much fun to look at, but income is still being generated, and BYT has paid out the equivalent of 0.45 HIVE per token since the start.

Don't Panic!



Buy BLURT on Probit, Ionomy, Hive-Engine.

Buy BYT on Hive-Engine



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...

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