Welcome to the MPATH Weekly Report.
This has been a decent week, and I've found some extra money lying around! This has allowed both our reward distribution and token price to increase compared to last week.
When MPATH was created with an airdrop to MAXUV members, we also simplified the program accounts and now have fewer voters. This means there is still some money coming in from these slow power-downs - not a huge amount, but enough to see our fund value increase further.
We see our payouts have increased from 57 to 59 HIVE, and our official buyback price has increased from 0.505 to 0.509 HIVE. This may not seem like much, but is a +41% price increase when annualised. Our overall earnings have nudged up at about 22% net and 37% APR gross, with members earning somewhere between those two values, depending on their holdings and posting.
As promised, we have held the MPATH token sale price at 0.60 HIVE as the buyback slowly increases to 0.55 HIVE.
We have seen some volume of MPATH token transactions, with both buyers and sellers. Although there remains some liquidation pressure, this week has seen an increase in active tokens. We shall continue to convert HIVE into SWAP.HIVE as long as we see the demand is there. As always, just use the market mechanism - that's what it's there for.
As ever, I give the caveat that individual member returns depend on many things, but these are our baseline figures to see how income changes from week to week. This is also a good time to remind members that such high returns may require adjustments at times so that our Voting Power does not get too low. We have plenty of capacity left, so this is not an issue, as yet, but members with 2000 MPATH tokens are getting votes from about 35k HP, so even if the VP is down to 60% that's still an effective vote from a 21k HP account.
A final reminder that the maximum holding to receive votes is 2000 MPATH, and the maximum to receive reward distributions is 5000 MPATH. You may, of course, own more than this as an investment. We shall increase these if we see the demand to do so, but they are there to attenuate the effects of large accounts and thereby help the smaller accounts. Also worth a reminder that any accounts below 1 MPATH will receive no benefits.
For full details, please read How the MPATH Program Works [May 2020].
Have a good week!
The MPATH headline figures are:
MPATH tokens active = 38,715
Earning HP = 39,665
Voting HP = 36,640
HP in MPATH = 19,435
Other HIVE = 820
Total HIVE = 20,255
MPATH ABV = 0.509 HIVE (+0.004, +41% APR)
Estimated Gross Earnings = 7.08 HIVE per 1000 MPATH = 36.8% APR
(7.08 = 1.54 income + 5.54 votes)
Estimated Net Earnings = 4.31 HIVE per 1000 MPATH = 22.4% APR
(4.31 = 1.54 income + 2.77 votes)
Total MPATH Distribution = 59.0 HIVE = 98.0 MPATH tokens (at 0.60 HIVE sale price)
Note that "Other HIVE" is the sum of all holdings not powered up as HP: liquid HIVE and HBD plus holdings within Hive-Engine. Also note that such values are volatile, especially any holdings priced in US$, so the above numbers are a snapshot and may have changed when you look at the @MPATH account.
The Asset Backed Value (ABV) is our total holdings calculated in HIVE divided by the number of active MPATH tokens.
Any questions, please ask in the comments below or in our public chatroom.
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