Introduction: how my surge is doing
An analysis of the recent ledger and historical purchase data reveals that the SURGE investment, a token on the Hive blockchain, is currently generating a substantial return that significantly outperforms the standard decentralized finance (DeFi) stablecoin yield.
Investment Overview
The total cost basis for the 3,527.522 SURGE tokens was calculated to be $1,689.52. This figure was derived from the total 15,359.23 SWAP.HIVE spent, utilizing the assumed conversion rate of $0.11}$ per SWAP.HIVE. This historical cost basis is the crucial anchor for calculating the true Return on Investment (ROI).
Yield and Performance
The ledger, covering approximately two months of activity, showed a total of 109.327 HBD received from surge.yield. With HBD pegged to the US Dollar, this translates directly to $109.33 in earnings over that period.
By averaging these 10 weekly payments, the current earning power of the investment is estimated at $ 10.9327 HBD $ per week.
The Projected ROI
Annualizing this current weekly yield provides a clear forward-looking metric for the investment's profitability. The projected annual earnings are calculated to be $10.9327 x 52 weeks = $568.50 in 52 weeks.
When measured against the principal of $1,689.52$, the projected Annual Percentage Rate (APR) is calculated as: $568.50 Annual Earning divided by the cost of capitol $1,689.52 = X times 100 = 33.65%
Conclusion
The $33.65% projected ROI is a powerful demonstration of the yield-generating capacity of the SURGE token.
This rate is markedly higher than the APR currently offered by the native HBD in the Hive savings account, highlighting the elevated yield potential of this investment vehicle within the Hive ecosystem.
While past performance is not a guarantee of future results, the 33% figure provides a robust, evidence-based measure of the investment's success to date.
The End
@Shortsegments
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This post was written by Shortsegments, who has been writing about cryptocurrency, the blockchain, digital ledgers, bitcoin, ethereum, and decentralized finance; where digital ledgers and smart contracts meet finance, for seven years. You will find his articles here on his blog Link to his blog.
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