Keeping the APR stable at 16% without issue
When I did the report today of CTPSB, I was quite happy to see how relatively easy it was to keep the APR at 16%. The only thing that was needed to reach it, was to take 10 Hive from the built reserves and power it up. Last week, more Hive was necessary. What is also interesting to know is that every week these reserves are refilled with the income from second layer tokens like the produce of LENM staking.
This means that the target to keep APR at 16% is actually easier than expected. We also managed to sell the remaining 160 LEO tokens after the final power down and the reserves are now at 829 Hive, which is the highest level ever. Taking into account that we need a minimum of 200 Hive for the project to be functional, we have a surplus of over 600 Hive that we can use to boost the APR to 16%. If we only need to take 10 hive from it every week to reach it, this means that these reserves will last around 60 weeks or more than a year. That means that if nothing unpredictable happens, the APR of CTPSB will be at 16% for quite a long time. That's a good feeling :-)
Here the numbers of this week
| Assets | Amount | Increase over last week |
|---|---|---|
| Hive Power | 34829 | +100 |
| Tokens in circulation | 9233 | -2 |
| Burnt tokens | 2265 | +2 |
| Token value | 3.772 | +0.011 |
| APR | 16.0% | +0.0% |
Learn more about the CTP Swarm Booster:
A project run by @liotes
It is great to hear that the APR will stay up there for an extended period of time. 16% APR is a great rate compared to other projects.
I believe so too. Without major issues, I believe we should be able to keep it at 16% for around a year, maybe longer.
It's nice to hear that earning 16% seems reasonable without using too much of the reserves.
I'm quite happy about that, to be able to provide such a high return almost in a sustainable manner :-)
Thanks for the news.
!ALIVE
!INDEED
Thanks for stopping by!
Congratulations @ctpsb! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next payout target is 26000 HP.
The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts: