BYT Backs: Reward Distribution & Market Analysis for 8 August 2022

in byt •  2 years ago 

The reward payouts this week have a headline rate of 23.2% APR, and the yield at par price of 1 HIVE is 19.2% APR.

The actual distribution has dropped slightly from 173.0 to 169.0 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 = 0.369

BYT Headline Yield at ABV = 23.2% APR
BYT Yield in BLURT = 24.1% APR
BYT Yield at par 1 HIVE price = 19.2%

BYT Program Total = 3,320,000 BLURT equivalent
HIVE/BLURT Rate = 88 BLURT per HIVE

BYT ABV = 0.83 HIVE (0.490 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

The BYT ABV has dropped once again in HIVE terms, but notice that it is actually stable compared to last week in USD terms. The actual payouts, in USD terms, have actually risen, as HIVE has risen. As always, it is up to each individual to judge the investment value compared to other sources.

It may be hard to be positive within a downtrend, but like any managed fund, the proof is in how far down the fund has gone relative to the market. If we take the June 13 report, the ABV was at 2.42 HIVE and the HIVE/BLURT rate was at 25. Today that HIVE/BLURT swap rate is about 88; if we plug those numbers in, and ignoring the earnings, we should now see an ABV of about 70 cents. Instead, we have an ABV of 0.83 HIVE, plus accumulated distributions of about 0.04 HIVE per BYT. This is about 25% more than if I'd just let the program drift and did nothing. Hopefully, this will be more obvious at the next upturn.

I have held off adding any new price-points for a week, just to see how markets move. It strikes me as a balance between being able to purchase modestly priced tokens compared to those wishing to sell. It seems reasonable now to add tokens at a price of 0.9 HIVE.

August is the month in which to decide how BYT moves forward. I haven't forgotten, and will post this coming week.

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 0.47 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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