CTPSB power down stopped !

After 5 weeks, we have today stopped the power down of the underlying account @ctpsb. We have managed to bring 1500 hive of liquidity to the market maker and in total we have burnt 375.66 CTPSB tokens. This means, that in spite of the power down, since the start of it, the token value has passed from 3.972 to 4.018 today. The growth of the token during this power down was slightly lower than the previous weeks but still above 11.5% APR.

During the 5 weeks, not only could we refill the market maker with liquidity, we also managed to save money on the burn account. During the 5 weeks of power down, there were no tokens burnt through the natural burning mechanism. Instead we used this money to purchase more CTPSB tokens that will be burnt in the coming weeks and push APR up.

Market maker in good health

In addition to the liquidities of the power down, the market maker also managed to sell a big quantity of tokens and now there are around 2400 liquid have to buy back tokens, which is the highest level in a long time. Since, we can't predict the market and if people want to sell tokens, we can't be sure that we will stop the power downs for a long time. Ideally, we will stop them for as long as possible to keep the hive power on the underlying account as high as possible.

The numbers of this week

Learn more about the CTP Swarm Booster:

• The CTPSB Website
• The market on Hive-Engine