This week's distributed profits are 0.335%, equivalent to 17.5% APR.
Total rewards to delegators, including bonuses, are 0.353%, or 18.5% APR.
Our payouts this week are significantly higher than all of the bidbots listed on iSteemd. I don't know why the bots seem so low this week; I can only imagine the drop in activity. The modal range for leased delegations this week is 16-18%. 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.
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 22.8% [1]
Value of Steemit rewards payouts = APR 17.1% [2]
Distributed MAPR payouts = 0.335% (APR 17.5%) [3]
Total MAPR payouts = 0.353% (APR 18.5%) [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 new year has brought some vigour in the development of the Steem blockchain. This is especially visible in the SOS Discord server set up by @pennsif; please read his recent posts for updates and ways to participate.
The Steem blockchain continues to be entrenched in its price tonsure (aka haircut), meaning that the official blockchain price of STEEM is still significantly higher than the market price. The amount of SBD in circulation has dropped a lot in recent weeks but not yet enough to bring the debt ratio down to well below 10%. Converting SBD into STEEM is the only process available to users to lower the debt ratio, but this is having marginal effect as the SBD print rate sometimes pops up above 1%, then falls back down again. What is really needed is an increase in the market price of STEEM but that is beyond our individual control.
Having said that, the Steem blockchain profitability continues to edge upwards, with a full vote now worth just shy of 23% APR. For those who continues to embrace the Steem ecosystem, this will hopefully be looked back upon as a good time to have accumulated some extra coins.
See you next week!
Happy New Year!
Next rewards distribution will be on Sunday 13 January.
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- -Please Comment, Resteem and Upvote. Thanks!
@rycharde manages the AAKOM project and the MAP Trail.
Everytime I see your alert, am happy I joined this platform.
Posted using Partiko Android
Cool! Thanks very much.
So few people seem to comment these days, although am always grateful for the upvotes.
I hope the RC-cost of comments will change at some point; this is supposed to be a social platform.
thanks:]
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