MAXUV Weekly Statement & Token Distribution - over 21% APR - 28 February 2021 [MAP Steem FinTech]
Welcome to our weekly MAXUV account statement.
Our hybrid votes-and-rewards model seems to be working well, with total income significantly higher than many other programs for a similar stake.
This week has seen an increase in income and in reward distributions, plus a further increase in active tokens. One thing that has dropped a touch is the relative vote-yield compared to our income-yield.
However, the calculations below have always been done using the blockchain assumption that SBD is valued at $1 worth of STEEM. So, for some weeks now, the real vote-yield - what authors actually get as rewards - has been much higher. I could boost our perceived returns, but would not be comparable with past earnings. Also, as has always been the case, the true benefits of every member depend on the number of MAXUV tokens; this has nothing to do with how MAXUV has been structured but the change to a non-linear curve where vote-values as a percentage can be very different whether you have 2000 tokens or 20 tokens.
We have yet again seen a bit of income from both TRX and BLURT. The numbers are modest, so will do this as and when they add up to a meaningful amount.
SBD continues to hold its high value, so posting continues to be profitable. I suspect those holding the price high have understood the effect on the debt-ratio, so are limiting voting activity. If this continues, then we should see some oscillations in weekly overall yields.
Dlease rates seem, to me, to still be very high, but is good for delegators. Indeed, as users realise the value of TRX tokens, we may see these leasing rates 10-20% higher than the historical values that closely tracked vote-yields.
A further reminder, that the voting will remain at 100% for 2,000 tokens, and the capital limit is 5,000 tokens for a share in the weekly rewards. You may, of course, hold more than this like a deposit account. Minimum holding is now 10 MAXUV tokens.
The difference between MAXUV and MAPR is that MAXUV will have no delegators and will be paying out in MAXUV tokens whereas MAPR does accept delegators, pays out in tokens to auto-compound but does not give upvotes nor measures posting activity.
I hope these two programs will help members achieve greater rewards from both staking and posting.
Enjoy your week!
The MAXUV headline figures are:
MAXUV tokens active = 21,500
SP in MAXUV = 10,940
Earning SP = 20,150
Other STEEM = 134
Total STEEM = 11,074
MAXUV ABV = 0.52 STEEM
Estimated Gross Earnings = 5.28 STEEM per 1000 MAXUV = 27.5% APR
(5.28 = 2.35 votes + 2.93 income)
Estimated Net Earnings = 4.11 STEEM per 1000 MAXUV = 21.4% APR
(4.11 = 1.18 votes + 2.93 income)
Total MAXUV Distribution = 63.0 MAXUV
Note that "Other STEEM" is the sum of all holdings not powered up as SP: liquid STEEM and SBD plus holdings within Steem Engine. Also note that such values are volatile, especially any holdings priced in US$, so the above numbers are a snapshot and may have changed when you look at the @MAXUV account.
The Asset Backed Value (ABV) is our total holdings calculated in STEEM divided by the number of active MAXUV tokens.
Full details of how the MAXUV token operates can be found at our launch document, although there have been tweaks and updates since.
Any questions, please ask in the comments below or in our public chatroom.