Almost back at level before rebalancing
A bit more than a month ago, we started a rebalancing movement for CTPSB. This meant that we were powering down the account and burning the according number of tokens in circulation. The purpose of this was to give more liquidity to the market maker. When we started the power down, the @ctpsb account owned a total of 33'779 Hive Power. During 3 weeks, we powered down 200 Hive per week. After the power down was finished, there were 33'535 Hive Power on the underlying account of the project. Today, we are at 33'713. This means that within a week, we will have reached the level of stake that we had before the rebalancing started.
A good tool to keep the token market liquid
This shows, that a potential rebalancing is just slowing the account growth. However, since the number of tokens in circulation is also reduced in correspondent manner, the token value of CTPSB continues to grow at a similar or even faster rate. This is proven by an average growth of 15.1% APR during the last 3 weeks. Rebalancing is therefore a very good tool to insure enough liquidity for the market maker without slowing down the token growth of CTPSB.
The numbers of this week
| Assets | Amount | Increase over last week |
|---|---|---|
| Hive Power | 33713 | +88 |
| Tokens in circulation | 9257 | -2 |
| Burnt tokens | 2241 | +2 |
| Token value | 3.642 | +0.01 |
| APR | 15.1% | +0.0% |
Learn more about the CTP Swarm Booster:
A project run by @liotes
thanks for the update.
!BBH
!CTP
!ALIVE
You are welcome!
It's an excellent work and token. I've been using it in my SORT token for a while, and it allows for always-on liquidity, which keeps it growing.
I'm happy to see that you find usage for the token in your project!
The rebalancing had to happen, and it's good to see it nearly back at the levels before the rebalance.
That's true and the project will probably need it again in the future.
Thanks for the update.
!ALIVE
!WINE
thanks for your comment!