BYT Backs: Reward Distribution & Market Analysis for 2 May 2022

in byt •  2 years ago 

The reward payouts this week have a headline rate of 20.2% APR, and the yield at par price of 1 HIVE is 41.2% APR.

The actual distribution has increased from 281.0 to 332.0 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 = 0.793

BYT Headline Yield at ABV = 20.2% APR
BYT Yield in BLURT = 23.7% APR
BYT Yield at par 1 HIVE price = 41.2%

BYT Program Total = 2,727,000 BLURT equivalent
HIVE/BLURT Rate = 32 BLURT per HIVE

BYT ABV = 2.04 HIVE (1.73 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

Amid all the crypto chaos, BYT continues to churn out profits. The 332 HIVE distributed is a record high, the previous being in November 2021. So, although the gross amount distributed should rise as the program becomes larger, we did have a spectacular month back in November, seeing the BYT fair value reach 3.7 HIVE. Back then, the HIVE/BLURT ratio had dropped to a low of 24; we are now at 32. But now BYT is double the size, so I'm not sure we can repeat the 2 SWAP.HIVE per 100BYT metric - the 0.8 will have to do this week!

I have added some fresh tokens at the 1.9 and 2.0 HIVE price-points.

Do note that open orders on Hive-Engine (and Tribaldex) expire after 30 days, so if you see some of the numbers change, or one particular price-point disappear, then that order has expired and I will place it again as soon as I notice. This 30-day limit is annoying for a token admin, but I suspect exists to avoid their parachain from bloating with speculative open trades.

There is, however, a small cloud hovering over part of our portfolio, with the Cosmos network tokens following Bitcoin's slide, otherwise our fair price would have been about 2.2 HIVE. I shall keep a watchful eye on this but, as I've said before, there is still a significant amount that can be released as bonuses.

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.

Don't Panic!



Buy BLURT on Probit, Ionomy, Hive-Engine.

Buy BYT on Hive-Engine



BYT Backs!

BYT Backs: Reward Distribution & Market Analysis for 25 April 2022

BYT Random Bonuses Paid APR-B-22 & Announcement

BYT Backs: Reward Distribution & Market Analysis for 18 April 2022

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

BYT Backs: Reward Distribution & Market Analysis for 4 April 2022

BYT Backs: Reward Distribution & Market Analysis for 28 March 2022

BYT Backs: Reward Distribution for 21 March 2022

BYT Backs: Reward Distribution & Market Analysis for 14 March 2022

BYT Backs: Reward Distribution and Market Analysis for 7 March 2022

BYT Backs: Reward Distribution for 28 February 2022

BYT Backs: Reward Distribution for 21 February 2022

BYT Backs: Reward Distribution for 14 February 2022

BYT Backs: Reward Distribution of 54% APR for 7 February 2022

...

BYT Program Extended to August 2022

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

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:  

Very nice Token if I do say so myself 🥓👍