EDSvote update #43 |
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 #43
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 have a small dip in incoming delegations this week and drop down to 122k HP. We will have weeks like this as people need their HP back for other things. Hopefully next week, we'll have an increase and get back onto track.
Our curation APY this week is high at just over 9%. This is high because we are looking at last week's curation weeks from 132k HP to today's 122k HP. I am not complaining and a higher curation APY equals a higher APY for delegators.
Rewards this week in HP were 212 which is great because we are currently doing a 200 HIVE per week powerdown and if we can continue to earn over 200 HP per week, we will not need to downsize our next powerdown.
106 EDS tokens were minted and issued to delegators this week. Another over 100 is good and keeps us in triple digits.
Round-Up
A pretty standard week with nothing exciting happening. A little bit of a bummer to lose 10k HP in delegations but it happens and we move on.
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.
Hmmmm. Left you a msg. in Discord about this ...
Yes, indeed. Perhaps funds were needed, for some IRL issue, and they will come back, at some point. 🤞
This project is good and is giving good profit to people, if it brings me some money, I will definitely invest in it.
Greetings my friend. Well although it was not the ideal week, I am convinced that better weeks will come. As you mentioned these are things that are supposed to happen, just hope for better weeks to come.
Keep up the good work.
I think I did not receive any EDS on my Hive delegation since this:
02/05/2024, 5:40 AM Tokens Transfer eds-vote mightyrocklee 1.13 EDS
Is something wrong with the delegation rewards?