MAP Rewarder: Distributed Rewards to Delegators for 21 January 2019 (17.4% APR)
This week's distributed profits are 0.334%, equivalent to 17.4% APR.
Total rewards to delegators, including bonuses, are 0.344%, or 17.9% APR.
Our payouts this week are slightly above last week, and significantly higher than all but one of the bidbots listed on iSteemd. This again illustrates the advantages of having a managed fund compared to using just one algorithm.
This post will be slightly different to previous ones; am experimenting with making it shorter!
The values below that relate to the Steem blockchain are given as 7-day averages to give a fairer picture of what has happened during the whole week.
The week is defined as Monday to Sunday, with this payout taking place on the Monday immediately after the weekend.
Let's lay out the different percentages to make them clearer. These are all calculated in terms of STEEM per SP.
Value of Steemit upvotes = APR 22.4% [1]
Value of Steemit rewards payouts = APR 16.6% [2]
Distributed MAPR payouts = 0.334% (APR 17.4%) [3]
Total MAPR payouts = 0.344% (APR 17.9%) [4]
[1] Theoretical maximum value of Steemit upvotes, assuming 10 full upvotes at 100% power for 7 days, averaged over 7 days and expressed as an APR.
[2] Theoretical value of Steemit upvote rewards, assuming 25% curation rewards, 50-50 split of post payouts and SBD print rate, averaged over 7 days and expressed as an APR.
[3] MAP Rewarder distributed payout sent to delegators this week; this is 85% of our gross income.
[4] Total payouts for the week, including bonus upvotes, free full upvote, free SBI and this week's distribution. This increases our overall payouts to about 90%.
Our MAPR distribution [3] is higher than the average blockchain author rewards [2].
Also, the total amount MAPR has given out as distribution, prizes and upvotes, [4] is higher than [2].
Overall, I am satisfied with the results this week, being consistently around the 18% APR mark for total payouts.
Profits will be paid today to SP delegators in STEEM.
Benefits of Delegating to MAP Rewarder
A new post has been published: Delegating to MAP Rewarder: Benefits for Small SP Accounts
This gives more details on the rewards distributions plus the bonus upvotes, Free Vote Friday and Free SBI Saturday.
Any further questions, please ask.
How to Delegate to MAP Rewarder
To delegate SP to MAP Rewarder, please read our Introduction document and the recent update.
You can also delegate using these links:
[10 SP], 20 SP, 30 SP, 40 SP, 50 SP, 60 SP, 70 SP, 80 SP, 90 SP, 100 SP, 500 SP, 1000 SP, Other.
Please note that the minimum delegation is now 20 SP. Any delegations below 20 SP will not be accepted.
As described in the updated document, the distribution of MAPR benefits has been designed so that low value delegators have the potential for significantly higher benefits as a percentage of their SP; higher value delegators receive higher benefit amounts but not as high in percentage terms. The weekly distributions are, however, proportional to the delegated SP.
In order for this to work mathematically and to maintain the stability of the fund, delegations below 100 SP have been capped for some weeks now. Once a particular SP slot has been filled, we shall no longer accept delegations at that level. If and when slots free up, we shall announce it in one of these Sunday posts.
If you do not have spare SP to delegate, then you can still follow our Curation Trail or Fanbase on SteemAuto (or follow us on Steem Voter), and gain some higher-than-average curation rewards.
MAP Rewarder News
I have changed the layout of our numerical data; I hope the different numbers are slightly clearer!
The curator-support upvotes have all been moved to the account @rycharde. This means curators will receive more upvotes and this MAP Rewarder account can concentrate on earning income. It also means I no longer need to show the data for such upvotes, hence some of the numbers have been removed as no longer relevant.
All our percentages are calculated like-for-like based on STEEM so that these are real returns in STEEM per delegated SP (which is also priced in STEEM).
A reminder that we have two missions: to be profitable to delegators and to support our MAP Curator Trail and thereby improve the quality of posts on Steemit; 5% of income will go to supporting the Trail.
To people thinking about delegating to MAP Rewarder, I have done some analysis about the ability to upvote every undervalued post we find and, in order to do so, we can comfortably manage about 500k SP. We therefore have plenty of room to grow.
Although we do not have a referral system, inviting new delegators will increase income to existing members. The value of the bonus upvotes depends on our SP, so the higher the SP the greater those upvotes will be!
Blockchain News
The main news is that the SBD debt ratio has fallen below 10% and the print ratio is back up and heading towards 100%.
As SBD remains below $1, it is advisable to use the 100% Power Up option for rewards unless, of course, you have a good reason to need liquid coins. If the price hovers around the $1 mark, it will be a judgment call as to which payout option you prefer.
One further consequence of SBD being printed again is that the maximal blockchain rewards have taken a slight dip downwards; author rewards have dropped from 17.1% down to 16.6%, although these are averages over the week.
See you next week!
Next rewards distribution will be on Monday 28 January.
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@rycharde manages the AAKOM project and the MAP Trail.
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STOPTo support your work, I also upvoted your post!