MAP Rewarder: Distributed Rewards for 14 October 2018 (24.0% APR)

This week's distributed profits are 0.460%, equivalent to 24.0% APR.

After a turbulent 2 weeks, this has been our best distribution in some months!

I increased our activity to take advantage of the post-HF20 steep rise in blockchain upvote values. This appears to have worked as our returns are higher than all the bidbots listed on iSteemd. More news and views below.

The values below that relate to the Steem blockchain are now given as 7-day averages to give a fairer picture of what has happened during the whole week.

Let's lay out the different percentages to make them clearer. These are all calculated in terms of STEEM per SP.

Gross turnover inc. payouts = 0.562% (APR 29.4%) [1]
Gross income ex-payouts = 0.541% (APR 28.2%) [2]

Value of Steemit upvotes = APR 31.9% [3]
Value of Steemit rewards payouts = APR 23.3% [4]

Distributed MAPR payouts = 0.460% (APR 24.0%) [5]
Total MAPR payouts = 0.481% (APR 25.0%) [6]

[1] Gross turnover generated for the week.
[2] Gross income minus the random free upvotes, SBI shares given to delegators and MAP upvotes.
[3] Theoretical maximum value of Steemit upvotes, assuming 10 full upvotes at 100% power for 7 days, averaged over 7 days and expressed as an APR.
[4] Theoretical value of Steemit upvote rewards, assuming 25% curation rewards, 50-50 split of post payouts and SBD print rate, averaged over 7 days and expressed as an APR.
[5] MAP Rewarder distributed payout sent to delegators this week; this is 85% of [2].
[6] Total payouts for the week, equal to {[5] + [1] - [2]}.

The Steem blockchain upvote value [3] peaked at over 36% last Sunday and has been falling sharply since then. This means the effect on our distributions has straddled two periods.

Notice that our turnover, which includes all incomes and upvotes given out, is almost as high as the blockchain value: [1] is close to [3].

Our MAPR distribution [5] is higher than the average blockchain author rewards [4].

Also, the total amount MAPR has given out as distribution, prizes and upvotes, [6] is higher than [4].

Overall, I am please with the results this week. However, as the Steem upvote value continues to fall, I expect our returns to be commensurate with this.

Profits will be paid today to SP delegators in STEEM.

Benefits of Delegating to MAP Rewarder

= a high weekly payout in STEEM. Our returns are higher than many other income sources on Steemit - just compare our returns with various bidbots. On top of this weekly payout, we have:

= free upvotes to delegators. These are currently set to come from the @accelerator account. These are "bonuses" and can add a significant return, especially for smaller SP delegations.

= random free full upvote and free SBI share once per week. See our recent Free Vote Friday and Free SBI Saturday.

So, three different sources of rewards plus a high weekly payout!

I hope this will stimulate some further delegations and will help some users make a significant return on their SP. But please remember that the first distributed profits will be received on the first Sunday after 7 day from the time of delegation - the cut-off is midday GMT on Sundays.

How to Delegate to MAP Rewarder

To delegate SP to MAP Rewarder, please read our Introduction document.

You can also delegate using these links:

10 SP, 20 SP, 50 SP, 100 SP, 500 SP, 1000 SP, Other.

If you do not have spare SP to delegate, then you can still follow our Curation Trail or Fanbase on SteemAuto (or follow us on Steem Voter), and gain some higher-than-average curation rewards.

News

I have changed the layout of our numerical data; I hope the different numbers are slightly clearer!

Much of what I used to write here in the News section can now be read at the top of the article as addenda to the table.

All our percentages are calculated like-for-like based on STEEM so that these are real returns in STEEM per delegated SP (which is also priced in STEEM).

A reminder that we have two missions: to be profitable to delegators and to support our MAP Curator Trail and thereby improve the quality of posts on Steemit. The @accelerator account, ignoring the delegated SP, is growing slowly but steadily and forms the basis of our upvotes to curators who are in the MAP Trail.

Important News

The recent hike in upvote values seems largely due to the days of inactivity immediately post-HF20. As soon as I was able to make transactions, I increased activity in the expectation of an inflation in the reward pool. This is an advantage of having a managed fund where automated processes can still be tweaked in response to changing conditions.

I expect our returns to fall in line with the upvote value. It has not flattened out yet, so we shall see what the new equilibrium level will be. With many users still voting before 15 minutes, I suspect the new reward pool equilibrium will be slightly above the pre-HF20 level, but possibly not by much.

One parameter that has bounced around wildly is the curation rewards; these have seen a range of 21-29% of an upvote. This is because they are very sensitive to the price of SBD (and to a lesser extent STEEM), and especially as SBD has oscillated above and below US$1. I am not in a position to predict prices, but just be aware that any upward movement in SBD will see the percentage of curation rewards drop.

See you next week!

Next rewards distribution will be on Sunday 21 October.

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Please Comment, Resteem and Upvote. Thanks!

@rycharde manages the AAKOM project and the MAP Trail.