BTCPOP Instants Account Performance - August 31st, 2016
BTCPOP Instants Account Performance - August 31st, 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 a bit lower, than the average we are carrying. This bringing our long term (17 days) average down from 1.634% APR to 1.598% APR. Also, the number of payments was above average (20 vs 8.24); but 12 of those 20 were zero... which is a lot. So one could argue we missed a lot of payments but in reality they wouldn't had made much of a difference in our overall return. Unfortunately, we continue to observe sub 5% APR on the instants account. 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. Speaking of, Verification is back online meaning new investors can get verified and apply for instant loans. It will be interesting to see in the next few weeks if the number of payments increases and later on if the amounts also, indicating a healthy growth of the instants account and of BTCPOP as a whole.
Also noteworthy is that by itself, the return for today was 1.146% APR. We want above 5% 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 be moved into instants. Although the move into instants account from the savings account is nearing, we don't have an exact or proximate date yet. With all the delays we've experienced, we hope this one keeps getting pushed back for a while. 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.
We remain a bit pessimistic regarding the short term returns, but cautiously optimistic about the medium to long term. We are hoping to see returns normalize around the 3% mark, but only time will tell. We are observing more activity at BTCPOP with verification services back on but we are yet to see that reflected on the instants account.
Anyway, with no further due here is the information we collected for August 31st, 2016:Summary:
| Amount | Cumulative Amount | Number of payments | Daily Return | APR | Average APR | Date |
| 0.00003122 | 0.07724% | 20 | 0.00312% | 1.146% | 1.598% | 31/08/2016 |
| 0.00000115 | 0.07412% | 8 | 0.00012% | 0.042% | 1.634% | 30/08/2016 |
| 0.0000314 | 0.07400% | 12 | 0.00314% | 1.153% | 1.747% | 29/08/2016 |
| 0.00008829 | 0.07086% | 7 | 0.00883% | 3.275% | 1.798% | 28/08/2016 |
| 0.00000008 | 0.06203% | 1 | 0.00001% | 0.003% | 1.699% | 27/08/2016 |
| 0.00000012 | 0.06202% | 5 | 0.00001% | 0.004% | 1.847% | 26/08/2016 |
| 0.00000655 | 0.06201% | 10 | 0.00066% | 0.239% | 2.021% | 25/08/2016 |
| 0.00031799 | 0.06136% | 10 | 0.03180% | 12.305% | 2.208% | 24/08/2016 |
| 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 | 8.235294118 |
| Type | Loan | Amount | Date |
| Payout | Instant Pool Loan | 0.00000007 | 31/08/2016 21:41 |
| Payout | Instant Pool Loan | 0.00000003 | 31/08/2016 18:40 |
| Payout | Instant Pool Loan | 0.00000003 | 31/08/2016 18:33 |
| Payout | Instant Pool Loan | 0.00000016 | 31/08/2016 16:19 |
| Payout | Instant Pool Loan | 0.000008 | 31/08/2016 16:03 |
| Payout | Instant Pool Loan | 0 | 31/08/2016 12:24 |
| Payout | Instant Pool Loan | 0.00000438 | 31/08/2016 09:14 |
| Payout | Instant Pool Loan | 0.00000438 | 31/08/2016 09:12 |
| Payout | Instant Pool Loan | 0 | 31/08/2016 06:28 |
| Payout | Instant Pool Loan | 0 | 31/08/2016 03:24 |
| Payout | Instant Pool Loan | 0 | 31/08/2016 03:21 |
| Payout | Instant Pool Loan | 0 | 31/08/2016 03:18 |
| Payout | Instant Pool Loan | 0 | 31/08/2016 03:15 |
| Payout | Instant Pool Loan | 0 | 31/08/2016 03:13 |
| Payout | Instant Collateral Loan | 0.00001417 | 31/08/2016 03:12 |
| Payout | Instant Pool Loan | 0 | 31/08/2016 03:08 |
| Payout | Instant Pool Loan | 0 | 31/08/2016 03:05 |
| Payout | Instant Pool Loan | 0 | 31/08/2016 03:01 |
| Payout | Instant Pool Loan | 0 | 31/08/2016 02:58 |
| Payout | Instant Pool Loan | 0 | 31/08/2016 02:56 |
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