Our weekly report for both delegators and token-holders of M.
Delegators have received their token distribution and token-holders see the price rise a significant amount.
M News
A fairly good week, with reward distribution flat on last week.
The price increase is the equivalent of 12.0% APY, with the distro coming in at 15.0% APR.
the big news is that HBD has spiked to about $1.50; this makeslittle difference to the yield of a vote as calculated, but obviously makes a big difference to the author-rewards. We hope to see this manifest in next week's figures.
Third party income remains good, although I see DCity is undergoing a price stumble, so that may affect next week's yield. However, our NAV remains some 6% above the buyback price precisely as an insurance against anything catastrophic.
DCity earnings are, indeed, down but we have other sources of income too. The modest diversification means we are not wholly reliant on the voting economy.
The Numbers
Distribution to delegators = 0.287% = 15.0% APR
Buyback price = 0.922 HIVE (+0.002) = +12.0% APY
Hive gross actual vote = 15.3% APR
Hive gross linear vote = 24.2% APR
The Hive vote estimates are calculated based on the average weekly prices. The "gross actual vote" is calculated based on our HP; the "gross linear vote" is calculated based on a stake of 1 million HIVE and hence approximates to the reward curve's linear asymptote.
The buyback price increase is shown as an APY because members are automatically compounding their tokens, whereas the distribution uses an APR value as that reflects the delegation income. Older-style info can be seen in our last post using the old format. The new format is explained in more detail here.
Have a fine week!
Any questions, please ask in the comments below or in our public chatroom.
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BEER.In my opinion lately, prices have dropped compared to other times, however the important thing is that the APR continues to remain fairly stable.
I hope that prices in the dcity will improve soon, I want to be optimistic about it and hopefully it will happen that way for the good of all.
Hi, do you mean the DCity prices or the M token price?
mmm... re DCity, before the current drop, most income-cards were priced at a break-even within 100 days, but that means the yield is about 200% APR! Great, but not exactly sustainable, hence either the price or SIM-yield will need to fall. Those random disaster simulations we see will at some point kick in - will players still be happy if the overall yield falls by half?
yes, I mean dcity and of course the APR is incredibly good, And if half falls, I don't think most of the players will be very happy.
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