Blurt Economic Indicators - 19 September 2021

in blurt •  last month 

My weekly look at Blurt's economic indicators.

All rises and falls are relative to last week.

Blurt Economic Indicators

BLURT Supply = 434.2 million
Vested BLURT = 51.9% (+0.1)

Reward Pool = 1.98 million BLURT (falling)
Recent Claims = 78.9 TRshares (rising)

Vote Yield estimate (100k BP) = 47.8% APR (falling)

Author/Curation Yield estimate = 23.9% APR (half of the Vote Yield)

You can also see the raw numbers on a blockchain explorer.

Insights

The recent claims and vested BLURT continue to rise slowly; the reward pool is also falling slightly. All of this means that the blockchain activity continues to increase, moving in the right direction, but at about the same rate as the coin-minting.

This is all summed up in the vote yield falling again. A reminder that this is a good thing for the Blurt economy.

Some of this is undoubtedly due to the new BYT token; the fund has accumulated over 700k BLURT in just over 2 weeks and continues to grow.

Comparisons

As I've said before, such yields at the moment are higher than many defi swap pools - and without the danger of "impermanent losses". With BLURT coin prices being so low, this is also a good time to increase one's Blurt Power and accumulate for a future rise.

A comparison with the other Graphene chains done using the DLease delegation rates.

Steem DLease rates: max 30.5% APR (average 24.1%)(rising)
Hive DLease rates: max 13.2% APR (average 9.5%)(rising)

Those rates have always tracked the profitability of each chain and have the advantage of being one simple number.

Although Vote Yields are expressed in terms of financial returns, they are also fundamental expressions of the level of activity on each chain relative to the coin minting rate.

Hive has undergone HF25 and, as predicted, rates are falling towards the chain yield. Steem is higher due entirely to the high SBD.

As we don't seem to have a functioning price feed on the explorers, these price snapshots may also help users decide where to trade BLURT.

Ionomy/Probit: 8/10 sats/BLURT (approx $0.0052)
Hive-Engine: 0.005/007 HIVE/BLURT (approx $0.0048)

As I have written for many weeks, the price spread on Hive-Engine has always been very wide. Note that this is now narrowing, although still wider than on Probit and Ionomy.

Note also that the average BLURT price has been edging upwards. This is also due to the new BYT token as those 700k BP have had to be purchased. It still has a long way to go to reach its estimated maximum of 10M BLURT - assuming all tokens sold.

I would also note that those users who bemoan the Blurt statistics on CoinGecko realise that their price is taken only from Probit and STEX. So, if you wish to influence the public manifestation of the BLURT price then buy it on Probit! It also has by far the lowest transfer fee of just 0.1 BLURT.

I hope these numbers will give members some insights into how the Blurt economic system is managed and, more importantly, how each individual user can both benefit from and affect the whole chain.

Blurt Better!


Buy BLURT on Probit, Ionomy, Hive-Engine and STEX.

Buy BYT on Hive-Engine


Please vote for my witness account @busbecq.
Can be done directly here.
A witness is more than a machine.
Thanks!


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What makes you think the price of blurt is going to rise? There is nothing in blurt's history that would lead an investor to have expectations of a price rise in the near term, medium term, or even the long term.

Congratulations, your post has been curated by @dsc-r2cornell. You can use the tag #R2cornell. Also, find us on Discord

Manually curated by @blessed-girl

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Felicitaciones, su publicación ha sido votada por @ dsc-r2cornell. Puedes usar el tag #R2cornell. También, nos puedes encontrar en Discord