Welcome to the MPATH Weekly Report.
Some good news this week as the MPATH reward distribution has risen slightly, mainly due to DCity income, although the vote yield has slipped a notch. This too should increase next week as the HIVE from fresh sales of MPATH tokens have been powered up.
Our buyback MPATH token price will continue to rise in line with the whole fund's asset value. I do, however, see users buying and selling in the current large spread between our official buy and sale prices. That's all fine and the reason we have a market.
I trust that Hive's HF24 will proceed without drama, but just a reminder that should there be any downtime or transaction errors, or any problems that may affect income or votes, we shall try to minimise this. If there is any blip in income, we can't do much about that, but if upvotes are missed we shall try to do them manually as and when the system appears stable again.
And on to my usual closing remarks...
As ever, I give the caveat that individual member returns depend on many things, but these are our baseline figures to see how income changes from week to week. This is also a good time to remind members that such high returns may require adjustments at times so that our Voting Power does not get too low. We have plenty of capacity left, so this is not an issue, as yet, but members with 2000 MPATH tokens are getting votes from about 35k HP, so even if the VP is down to 60% that's still an effective vote from a 21k HP account.
A final reminder that the maximum holding to receive votes is 2000 MPATH, and the maximum to receive reward distributions is 5000 MPATH. You may, of course, own more than this as an investment. We shall increase these if we see the demand to do so, but they are there to attenuate the effects of large accounts and thereby help the smaller accounts. Also worth a reminder that any accounts below 1 MPATH will receive no benefits.
For full details, please read How the MPATH Program Works [May 2020].
Have a good week!
The MPATH headline figures are:
MPATH tokens active = 41,085
Earning HP = 39,970
Voting HP = 36,445
HP in MPATH = 19,650
Other HIVE = 2,660
Total HIVE = 22,310
MPATH ABV = 0.525 HIVE (+0.002, +20% APR)
Estimated Gross Earnings = 7.15 HIVE per 1000 MPATH = 37.2% APR
(7.15 = 1.77 income + 5.38 votes)
Estimated Net Earnings = 4.46 HIVE per 1000 MPATH = 23.2% APR
(4.46 = 1.77 income + 2.69 votes)
Total MPATH Distribution = 72.0 HIVE = 120.0 MPATH tokens (at 0.60 HIVE sale price)
Note that "Other HIVE" is the sum of all holdings not powered up as HP: liquid HIVE and HBD plus holdings within Hive-Engine. Also note that such values are volatile, especially any holdings priced in US$, so the above numbers are a snapshot and may have changed when you look at the @MPATH account.
The Asset Backed Value (ABV) is our total holdings calculated in HIVE divided by the number of active MPATH tokens.
Any questions, please ask in the comments below or in our public chatroom.
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