Good evening to everyone , I hope you all are doing well .
It has been over one month and a half since @brofi was released .
I had already posted about during the first week after its release and now I think it is a good time to revisit it .
April 1st to May 13th .
I have taken the above period data to see how brofi is performing , is it consistent in returns , which token delegation has the most APR etc .
Now to begin with , at present what's the delegation status to @brofi ?
|Symbol||Amount delegated to @brofi|
Now let's see some numbers
Daily BRO payments from April 1st to May 13th
Well it has been very consistent actually . All the quantity you see are in "BRO" since @brofi pays BRO everyday .
The only exception I see in this is on 8th May which is almost double than the other days . So I went and checked what happened and seems like there was a double payment on 8th May .
The average BRO payout daily is - 14.5 BRO .
The median is - 14.24 BRO .
Not a big difference here . So you can expect to see the same in future too : 14 BRO daily payment for delegations .
Number of unique users who are receiving BRO from @brofi for delegations .
Well on April 1st 304 users received BRO dividends from @brofi but now on 13th May - 339 users received it .
The maximum number of users was on 6th May ( 340 users ) .
Total delegations vs converted to Hive delegations -
If we just calculate the delegation amount of each token without converting it to Hive , it doesn't make much sense because you can check in the above graph , SPORTS has the highest delegation ( absolute number ) but we all know the tokenomics of each token is different . So we have to convert it to Hive before comparing . So after converting to Hive , Hive itself stands in number 1 position and 2nd position is taken by LEO .
Note: These numbers are as of 13th May ( even the price of each token is calculated not on 14th (( date of posting)) but on 13th May ) .
Symbol wise payment .
There are 26 tokens accepted right now and not each and every symbol gets equal payment from @brofi .
Let's see which token delegation has received the highest BRO rewards in this period .
Majority is Hive . It has received 302.7 BRO in the above period .
Next comes LEO with 153 BRO .
Then STEM , CTP , NEOXAG , POB , CINE and others .
Now , since Hive has highest delegations , obviously it will get more BRO rewards right ? So if we want to calculate returns then we have to look at the APR for each symbol to get better insight .
Yesterday's payment BRO proportion symbol wise.
Well if we consider yesterday's payment Hive got 50% of the rewards , LEO 25% and the rest among others ( not equally )
APR of each symbol
Note: This APR is calculated based on the price of each token on 13th May and the returns from @brofi on 13th May .
STEM has the highest APR with 70% . NEOXAG , LEO are also doing great with respect to APR . Others are not so great but not so bad either .
If you delegate each and every token , then you will get average APR of 7.41 .
But if you delegate say only HIVE and LEO ? Which seems to be the popular combination .
If you delegate only HIVE and LEO then the APR is - 18.12 % APR .
Here are the top earners .
So he has received 54.85 BRO for the total period , that's around 1.1 BRO per day which is awesome .
We have seen that the BRO payments have remained more or less very consistent around 14 BRO per day . If this doesn't increase and in case the delegations increase then we will see the APR decreasing .
What users needs to do ?
- They need to delegate to @brofi if they believe in BRO and can't curate themselves or earn themselves.
What the @brofi needs to do ?
- Increase the payment of BRO . 14 BRO isn't gonna be enough if they expect the delegations to keep on increasing .
- Release another token as a subsidiary of BRO called SIS to use for @brofi alone :p ( Just kidding )
That's just my opinion based on the analysis , I know raymond knows what's the best to do .
This is it from me today . I will be back soon with another analysis . Take care , feel free to ask me questions here in the comment section .
Posted Using LeoFinance Beta