EDSvote update #36 |

Welcome all to this week's EDSvote update where we look at a range of different things. Please follow the @eddie-earner account to make sure all our reports are going into your feed and you can easily stay updated on your investment.

What is EDSvote?
Eds-vote is an account that people can delegate HIVE POWER to. In return for their delegation, they will receive EDS tokens each Monday.

The delegated HP will be used to curate content on HIVE and provide small upvotes for those that hold over 100 EDS tokens. Delegating HIVE POWER to @eds-vote will not result in an upvote. This is not a delegation to upvote service. It is a way to distribute the remaining reallocated EDS into circulation.

What are EDS tokens?
EDS tokens are HIVE income tokens that are pegged and backed to 1 HIVE each. They pay out weekly dividends every Monday based on 12% of the total powered-up HIVE balance of the @eddie-earner account. This is currently paying out an APY to token holders of roughly 35%.

How does it work?

For full details, please see How EDSvote works and How EDSvote affects the EDS APY long over the next 25 years

Report #36

Let's have a look at the numbers in chart form as this is the best way to see performance and predict the future.

We took a small dip this week of just over 3000 HP, this happens and if we can remain over 100kk being delegated, that would be amazing. Things are still good and we are still trending upwards.

Things are back to normal this week with a curation APY of 8.69%. This is over our benchmark of 8% so it's a good week. Im glad I hammered the VP and we got the most out of that 30k delegation while we had it. We're back to a VP of over 90% so everything is back to normal on that front as well.

This week HP rewards took a bigger dip and declined by 50 HIVE and again, this is an effect of losing the 30k delegation. Earning 186 HP per week is still amazing considering we are still powering down 150 HIVE per week. If we can remain at earning over 150 HP per week from curation, we will not need to reduce the next powerdown.

Rewards dipped and EDS mintage follows curation rewards. We still were able to mint over 93 EDS which is cool but over 100 sounds so much better, haha. Im sure we'll get back to minting over 100 a week again someday.

Thank you for taking the time to read through this
If you have any questions are would like to leave some feedback, please do so below and I'll get back to you at some point soon.