Officially 1 month away from dividends and from APR reduction from 12% to 8%. Are you ready? This is when things start getting interesting.
People will quit delegs? Will stay for the juicy dividends? People will buy? People will delegate and sell anyway?
Probably it will be a bit of a mix of everything. But i like how PWR is evolving overall.
Let's go reporting.
Dividends coming next month.
APR reduction for delegators next month (from 12% down to 8%).
Documentation for Hive Power Ventures released.
As announced recently dividends are coming next month and in anticipation for that I prepared a few things to guarantee the process is as smooth as possible (basically preparing funds in advance).
This ''anticipation'' is what justifies the sudden jump in PWR tokens circulating. (well, 'circulating' in the strict sense, but not freely at all).
Minted 5000 PWR and matched them with 5000 HIVE. This LP is now owned by the project as POL. More details down in the Dividends post .
Minted 2000 PWR more in exchange for 2000 HIVE more. This Hive is sitting in savings on @vventures and will serve as an initial (minimum) buffer for dividends
Notice that those 2000 HIVE will be paired with 2000 PWR when dividends start.
This means that, if the same level of liquidity is maintained as now, the initial APR will be around ~14%*
(7% paid in PWR and 7% paid in HIVE*).
However, let me comment that my intention is to make this APR much higher.
But this 14% is already a decent starting point.
Current Status of the Holdings of the Project:
@empo.voter (the delegation & curation account) keeps providing @vventures (the holding account) with a weekly flow of curation rewards.
@empo.voter currently holds ~10K HP which is in a permanent power-down (~500 HIVE week until last week, soon more with +10K HIVE ).
@vventures keeps adding and it's at ~28K HP (~26K last month).
Moderate growth this month of 'only' 2K HP which will again increase soon as I set up a new power-down from empo.voter.
Eagerly curious for next month. let's keep stacking.
Posted Using InLeo Alpha
Cool!
I've also read the documentation page, well structured, easy to understand and a good addition!
Very good story you have here park
Meh