Last week we stopped the power down of the underlying @ctpsb account because the liquidity provider has now well enough liquidity for the market situation. The power down lasted 4 weeks and we burnt in the process about 300 CTPSB tokens. At the same time, we are now around 1000 Hive Power below the highest level 5 weeks ago. If there are no additional power downs necessary, we will reach the same amount of hive power in around 12 to 13 weeks, seeing that we grow at a rate of around 80 Hive Power per week.
In other words, the circulating supply of CTPSB tokens has decreased by 3.26% over the last 5 weeks. The hive power however has decreased by only 2.73%. This means that in the process, all the token holders had actually seen an increase of their tokens.
Return of CTPSB
The average return during the past weeks for the CTPSB token was around 11.7%. It was quite stable for about 4 weeks. Ideally, we will try to push this apr a bit up with more regular posts and the continuation of the systematic token burns (around 2 tokens per week)
The numbers of this week
Assets Amount Increase over last week Hive Power 35524 +80 Tokens in circulation 8819 -2 Burnt tokens 2679 +2 Token value 4.028 +0.01 APR 11.7% -0.0%Learn more about the CTP Swarm Booster:
- The CTPSB Website
- The market on Hive-Engine