EDSvote update #31 | Now Minting Over 300 EDS a week!

Welcome all to this week's EDSvote update where we look at a range of different things. Please follow the @eddie-earner account to make sure all our reports are going into your feed and you can easily stay updated on your investment.

What is EDSvote?
Eds-vote is an account that people can delegate HIVE POWER to. In return for their delegation, they will receive EDS tokens each Monday.

The delegated HP will be used to curate content on HIVE and provide small upvotes for those that hold over 100 EDS tokens. Delegating HIVE POWER to @eds-vote will not result in an upvote. This is not a delegation to upvote service. It is a way to distribute the remaining reallocated EDS into circulation.

What are EDS tokens?
EDS tokens are HIVE income tokens that are pegged and backed to 1 HIVE each. They pay out weekly dividends every Monday based on 12% of the total powered-up HIVE balance of the @eddie-earner account. This is currently paying out an APY to token holders of roughly 35%.

How does it work?

For full details, please see How EDSvote works and How EDSvote affects the EDS APY long over the next 25 years

Report #31

Let's have a look at the numbers in chart form as this is the best way to see performance and predict the future.

We had a great week with 13k more HP being delegated in bringing us to a total of 328,331 HP excluding the nearly 7000 HP we have there to keep the powerdown going for @eddie-earner. We're voting with 335kHP

HP curation APY this week is 9.61% which is amazing, its seems that curation rewards have increased over the past few months. Its seem the standard now is at least 9% up from 8% when we started @eds-vote

HUGE HP curation rewards of 604.85 HP. If we can keep this up, that'll be over 31k HP per year which is a massive number when we think it could all come from curation. I love the look of the above chart

302 EDS tokens were minted this week, going by our recent 15k HP boost, we should be able to get used to minting over 300 EDS a week. There are plenty of EDS allocated to @eds-vote but when they are going, they will be gone forever cause EDS has a small hardcap of only 500k.

Thank you for taking the time to read through this
If you have any questions are would like to leave some feedback, please do so below and I'll get back to you at some point soon.