BroFi in numbers - APR for each token .
Good evening to everyone , we all know about BRO token which is an one of a kind investment / dividend yielding token on Hive .
Now they have their own DeFi project .
BROFI
BROFI is hive's very own on-chain DEFI project where you can earn BRO for delegating either Hive, or your tribe tokens to @brofi.
This is a great initiative by BRO as we Hivers can't or won't curate in all tribes but we have tons of tokens sitting IDLE in our wallets .
How does it work ?
In simple words , you delegate certain tokens to @brofi and in return you get BRO everyday in return.
Which all tokens can you delegate ?
- LEO
- Hive
- CTP
- STEM
- NEOXAG
- LOTUS
- PAL
- WEED
- CCC
Where did you say I need to delegate this again ? - to @brofi .
Currently staked tokens in @brofi
These are the tokens and quantity of each token staked by @brofi .
But remember , only the above listed 9 tokens are eligible right now to earn BRO .
Payouts - Token wise
CCC
| Date | BRO distributed | Amount of CCC delegated to @brofi |
|---|---|---|
| 2021-03-16 | 0.009 | 7359.813 |
| 2021-03-17 | 0.063 | 18287.628 |
| 2021-03-18 | 0.062 | 53693.931 |
| 2021-03-19 | 0.062 | 128835.517 |
LEO
| Date | BRO distributed | Amount of LEO delegated to @brofi |
|---|---|---|
| 2021-03-16 | 0.579 | 13366.914 |
| 2021-03-17 | 8.075 | 27811.892 |
| 2021-03-18 | 7.995 | 33446.5 |
| 2021-03-19 | 7.937 | 38271.268 |
STEM
| Date | BRO distributed | Amount of STEM delegated to @brofi |
|---|---|---|
| 2021-03-16 | 0.145 | 15598.581 |
| 2021-03-17 | 1.009 | 20203.606 |
| 2021-03-18 | 0.995 | 30749.775 |
| 2021-03-19 | 0.992 | 51117.246 |
CTP
| Date | BRO distributed | Amount of CTP delegated to @brofi |
|---|---|---|
| 2021-03-16 | 0.29 | 36853.332 |
| 2021-03-17 | 4.037 | 88222.964 |
| 2021-03-18 | 3.833 | 224966.213 |
| 2021-03-19 | 1.984 | 122671.585 |
PAL
| Date | BRO distributed | Amount of PAL delegated to @brofi |
|---|---|---|
| 2021-03-16 | 0.018 | 6814.566 |
| 2021-03-17 | 0.126 | 33796.28 |
| 2021-03-18 | 0.124 | 83957.789 |
| 2021-03-19 | 0.124 | 124933.845 |
WEED
| Date | BRO distributed | Amount of WEED delegated to @brofi |
|---|---|---|
| 2021-03-16 | 0.005 | 1902.499 |
| 2021-03-17 | 0.032 | 8735.082 |
| 2021-03-18 | 0.031 | 11060.099 |
| 2021-03-19 | 0.031 | 11798.692 |
LOTUS
| Date | BRO distributed | Amount of LOTUS delegated to @brofi |
|---|---|---|
| 2021-03-17 | 0.252 | 8465.307 |
| 2021-03-18 | 0.249 | 15778.67 |
| 2021-03-19 | 0.248 | 22280.026 |
NEOXAG
| Date | BRO distributed | Amount of NEOXAG delegated to @brofi |
|---|---|---|
| 2021-03-16 | 0.002 | 305623.372 |
| 2021-03-17 | 0.505 | 972139.097 |
| 2021-03-18 | 0.497 | 2015507.219 |
| 2021-03-19 | 0.496 | 2037229.946 |
HIVE
| Date | BRO distributed | Amount of HIVE delegated to @brofi |
|---|---|---|
| 2021-03-17 | 2.019 | 9852.214 |
| 2021-03-18 | 3.998 | 22198.7 |
| 2021-03-19 | 3.968 | 29055.875 |
Note - The Delegation amount is calculated during the payout time . So if you check for today it would have increased .
APR calculation -
Steps for calculating this -
Take the most recent payout .
Convert the delegated amount of the token to Hive equivalent
Convert the BRO paid out to Hive equivalent .
[(3) * 365 / (2)] * 100
Here are the APRs
- CCC APR = 53.50 %
- STEM APR = 96.97 %
- LEO APR = 25.91 %
- CTP APR = 48.87 %
- LOTUS APR = 78.60 %
- WEED APR = 24.13 %
- NEOXAG APR = 50.37 %
- HIVE APR = 44.31 %
Note
All the above calculations are made by taking the latest price of each token and latest price of BRO . So when you calculate it may change based on the latest price .
Will this APR continue ?
The following conditions determine it
It will continue if
- There are no more delegations
- The prices of both BRO and tokens remain the same
- The payment of BRO remains around 15 totally .
It will change if
- There are more delegations or undelegations .
- The prices of BRO or tokens change .
- The payment of BRO is less than 15 totally .
I will post next week on Saturday again so that we can check .
What are your thoughts about this ? Let me know in the comments .
Follow me on twitter - https://twitter.com/NaveshSapad
Regards, MR.
Posted Using LeoFinance Beta
https://twitter.com/NaveshSapad/status/1373280240730923010
It's interesting that STEM has the highest APR I wonder why. Oh and I need help with the SEO bot on my latest post, I can't seem to summon it
Posted Using LeoFinance Beta
I am not sure about that too , I manually checked couple of individual users payouts and it is actually right .
I checked your latest post , you have commented SEOcheck without ! .
Posted Using LeoFinance Beta
nope I used "!"
Posted Using LeoFinance Beta
I guess I should have been more clearer ;p . Use the ! always at the beginning so that it recognizes it as a command .
Posted Using LeoFinance Beta
Very useful information when deciding to delegate. Thanks!
Most welcome :)
If it helps I am happy but make sure you read the last part which is important ( will the APR remain the same part )
Posted Using LeoFinance Beta
Yes, thank you for the warning. I will keep myself aware of this part. :)
Yes, thank you for the warning. I will keep myself aware of this part. :)
I think a daily report would be good during the first week or 2 :)
Posted Using LeoFinance Beta
Yeah ? I was thinking more like a weekly report but if it helps I will post it daily , not a problem for me .
Posted Using LeoFinance Beta
Well after the craze of the beginning and everything settled a bit, once a week would be just fine. But right now with all the on boarding, things are changing really fast.
I’m sure it could help newcomers to take an informed decision.
But let’s see if people agree with that ;)
Posted Using LeoFinance Beta
You are right ;)
I just don't want people to think I am spamming that's all lol . I will definitely post this on @leomarkettalk everyday .
Posted Using LeoFinance Beta
!SEOcheck 2
Posted Using LeoFinance Beta
Title is of good length- Perfect
Permlink is of good length-Perfect
Header 1 found but Header 2 not found- Add H2
Image available-Perfect
Title keywords are used in header-Perfect
Internal link found-Perfect
External link found-Perfect
Title is of good length- Perfect
Permlink is of good length-Perfect
Both headers found - Perfect
Image available-Perfect
Title keywords are used in header-Perfect
Internal link found-Perfect
External link found-Perfect
Great job!
Posted Using LeoFinance Beta
Hey thank you @eirik .
Posted Using LeoFinance Beta
Congratulations @amr008! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 9250 replies.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPAnother example of your amazing calculation skills ;-). It's nice to see these return levels.
From a tokenomics point of view, I was wondering what you were thinking about the fact that brofi will actually sell a part of the curation rewards in Hive-engine tokens to buy back Bro tokens. Won't this affect negatively the prices of the tribe tokens in the long run? Or maybe I didn't understand the concept correctly :-)
Posted Using LeoFinance Beta
Thank you very much Achim :)
You make a very good point but we can view this from another angle too .
What if those who were earning CCC , NEOXAG , PAL were just dumping their token for Hive ? Now they stopped it and staked them and delegated it to @brofi right ?
No what you ask is a valid question , I believe that is how it works and the tribes just have to keep up their game . If you see STEM , it is giving 96% APR from BRO so what is my initial thought ? I will go and buy them to stake and get BRO so it is positive news for the tribe . In the long term if @brofi is a success and provides good APR then what users buy and stake will even out with what BRO sells according to me .
Posted Using LeoFinance Beta
That's a very valid point. Actually the demand for a token might go up because of the return that can be achieved through brofi. People would buy the token to delegate it to Brofi and get this return!
Yeah exactly. If you see another one of the comments in this post , a user asked so it is good to convert to STEM sand delegate?
That means he will buy STEM because of good APR
Posted Using LeoFinance Beta
Good question! It's not as simple as just selling the tokens and making a big red line downwards - the selling will take place with the volume :)
Posted Using LeoFinance Beta
The point that @amr008 is mentionning is actually very pertinent. Thanks to the APR that Brofi allows to realize with certain tokens, this would give an incentive to buy these tokens to delegate them to Brofi. What you say is also a good point: thanks to brofi, there will be an increased volume in the markets of these tokens which is quite positive I believe.
Thanks for calculations. Really enjoying it. :)
Me too :) So many stuff happening on Hive , it is a celebration .
Posted Using LeoFinance Beta
So after your examples it is the best, to convert all Tokens to Stem and then delegate to brofi?
Posted Using LeoFinance Beta
For now yes . But if STEM price increases ( since you are converting all the other tokens to STEM ) it will definitely decrease the APR right ?
Posted Using LeoFinance Beta
Its a great idea to have stem delegated to Brofi at the moment. But i am surprised that sports is not a part of this project
Seems like that but if too much STEM is delegated then it will lose the APR it has right now .
SPORTS might be added in the near future .
Posted Using LeoFinance Beta
The data is nice and I think it will only stabilize towards the value of BRO eventually so I guess an APR of around 10-25%. However I am unsure so what is the curation APR of each token versus the these APR?
Posted Using LeoFinance Beta
I was thinking the same . The BRO holders right now get 20% APR so even BroFi may end up doing the same is that I feel .
This is an interesting question , if I have to calculate this I will have to calculate based on each token because I am not sure how many of the tokens have linear , how many have non-linear curation first but it will be an interesting calculation .
When I calculated last time for LEO , it was 15% . So I guess for all other linear curation it will be around 15-17% itself .
CTP when it was non-linear was 12-13% ( if you voted using full VP 10 votes ) .
So right now the returns are definitely more .
Posted Using LeoFinance Beta
So many places and projects to get involved with. lol I love seeing the bits and pieces flow into my account every day. We'll just have to check everything out in a month and see where it all stands. Hard to get a clear picture at the beginning here. Thanks for the info as always. It really is invaluable.
Posted Using LeoFinance Beta
This is what I thought too but if you see the data , everyday the delegations are increasing so if you get in early and delegate early you will earn more returns .
Right now STEM has 96% APR but I am sure it won't be the same in 2 weeks right ? But in 2 weeks you can earn a lot of BRO from it .
You are too kind :)
Posted Using LeoFinance Beta
Mind blowing stats! Look at the amount of Delegation that took place especially on 18th & 19th. It's a great way to compound your earnings over time and observe exponential gains. Thank you for this info @amr008, will help me make my decisions. So cool.
Posted Using LeoFinance Beta
I agree with this completely.
We have great opportunity on Hive to create a passive income and compounding is a main part of that.
Posted Using LeoFinance Beta
Fingers crossed. 🤞
Thanks for this bro👊
Posted Using LeoFinance Beta
My pleasure @agr8buzz . Will post a new one tomorrow to see how everything has changed in a week :)
Posted Using LeoFinance Beta
Thanks for this. I've delegated all but LEO. I keep my LEO as I want to increase it faster.
The whole ecosystem around delegations is going crazy at the moment, which is a good thing, as development is accelerated.
Posted Using LeoFinance Beta
I get it , that is the same reason I have delegated only those which I can't curate myself .
Totally agree and this is how it should be . we always talked about author rewards and curation rewards , now it is time to use the delegation feature to the fullest .
Posted Using LeoFinance Beta
I must admit that you make really good posts which are analytical and help the readers to take action. After reading your post, i decided to delegate my tokens to brofi. Before that i never even thought of delegations
Thank you @gimmetricks1 . I was just typing a new script actually to get the numbers for last week for @brofi .
Glad you got involved in it .
Posted Using LeoFinance Beta