BTCPOP Instants Account Performance - August 23rd, 2016
BTCPOP Instants Account Performance - August 23rd, 2016
Here is the latest update on the performance of the instants account. We keep capturing information, obtaining data points and drawing up statistic. Even though we recently started collecting data, we feel we are able to make comments regarding short term trends at this point. First, let us start by pointing out the APR for today was lower, than the average we are carrying. We continue to watch a descend into the sub 1% APR. This bringing our long term (9 days) average down from 1.284% to APR 1.179% APR. Also, the number of payments was lower than average (7.45). We are getting worried again that our average payment, number of payments and return per day are being dragged down. We are hoping long term with the plans to have the number of users of the site growing and verification working again, that the instants loan will be more used and we can get better returns.
Also noteworthy is that by itself, the return for today was of 0.381% APR which is close to 0% and at this rate will not get close to the 5% the savings account is currently offering. We want that so we can make more on the instants than the savings account. We don't know if that is actually going to be a thing seeing that the more people that move into instants, the lower the payout is for each of them. And as many of you know, the savings account is coming to an end so everyone is going to flock into instants. Although the move into instants account from the savings account is nearing, we don't have an exact or proximate date yet. So seeing that there hasn't been a payout above 5%, we are a bit worried when the time comes we will earn considerably less. It is noteworthy however, that the rates are somewhat in line with what you would be getting doing margin loans on an exchange, so we think this is an good place to diversify to.
Anyway, with no further due here is the information we collected for August 22nd, 2016:
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Summary:
| Amount | Cummulative Amount | Number of payments | Daily Return | APR | Average APR | Date |
| 0.00001041 | 0.02956% | 6 | 0.00104% | 0.381% | 1.179% | 23/08/2016 |
| 0.00000282 | 0.02852% | 5 | 0.00028% | 0.103% | 1.284% | 22/08/2016 |
| 0.00000229 | 0.02824% | 3 | 0.00023% | 0.084% | 1.459% | 21/08/2016 |
| 0.00000033 | 0.02801% | 2 | 0.00003% | 0.012% | 1.695% | 20/08/2016 |
| 0.00012877 | 0.02797% | 14 | 0.01288% | 4.812% | 2.040% | 19/08/2016 |
| 0.00000205 | 0.01510% | 4 | 0.00021% | 0.075% | 1.376% | 18/08/2016 |
| 0.00005486 | 0.01489% | 8 | 0.00549% | 2.023% | 1.818% | 17/08/2016 |
| 0.00003697 | 0.00941% | 13 | 0.00370% | 1.359% | 1.726% | 16/08/2016 |
| 0.00005708 | 0.00571% | 12 | 0.00571% | 2.105% | 2.105% | 15/08/2016 |
| Average | 7.444444444 |
| Type | Loan | Amount | Date |
| Payout | Instant Collateral Loan | 0.00000002 | 23/08/2016 20:01 |
| Payout | Instant Pool Loan | 0.00000168 | 23/08/2016 13:36 |
| Payout | Instant Pool Loan | 0.00000003 | 23/08/2016 12:09 |
| Payout | Instant Pool Loan | 0 | 23/08/2016 03:22 |
| Payout | Instant Pool Loan | 0.00000834 | 23/08/2016 03:18 |
| Payout | Instant Collateral Loan | 0.00000034 | 23/08/2016 02:59 |
