Growing the burn account
We have paid close to 700 Hive in dividends last weeks to 30 holders of CTPSB NFT's. This was the last dividend payment related to these NFT's. The power down on the ctpsb.ctp account continues until the account is empty. The resulting hive will be sent to the ctpsb.pal account where it will be powered up and added to the organic burn mechanism. There will be therefore about 140 additional hive added to this account.
The project is evolving nicely and it's great to see that in spite of burning 2 CTPSB every week, the money on the ctpsb.pal account is not really getting much smaller. It's refilling with the rewards related to the liquidity position LEN:LENM and the delegation of hive power to the liotes.voter. The money is coming in on a regular basis and almost covers the costs of the 2 CTPSB that we burn on a weekly basis. This definitely helps to keep APR up and will continue to do so in the long term.
The numbers of this week
Since we calculate the APR over the last two weeks, we have a little drop since last week we grew a bit less. There was no post reward and this is directly visible through the APR.
| Assets | Amount | Increase over last week |
|---|---|---|
| Hive Power | 33415 | +91 |
| Tokens in circulation | 9438.4 | -2 |
| Burnt tokens | 2060 | +2 |
| Token value | 3.54 | +0.01 |
| APR | 14.0% | -1.6% |
Learn more about the CTP Swarm Booster:
A project run by @liotes
Thanks for the news.
!BBH
!WINE
Thanks for stopping by!
It looks like everything is stable with the burn accounts. Those diesel pool rewards are working out well for the burn account.
The burn account is fed with the rewards from the LEN:LENM pool and the delegation of it's HP to liotes.voter. It's quite interesting to see how the income allows to keep the burn rate at 2 ctpsb per week at the moment.
Thanks for the update.
!BBH