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
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 see a small increase of delegated in HP this week which is always great. What target should we set for the end of 2024? I think 200k is to high but 150 is to low so 175k would be amazing. Let's see how things go, 52 weeks to go.
There is a small dip in curation APY this week, but we still finish at over 8%, so that's a win. Voting Power is back up to around the 95% mark so I'll need to start using a fraction more to pull it back to going sideways. Great start to the week.
Curation rewards this week were just over 180 HP. Im happy as long as this stays over 150 HP per week so we can keep up our 150 powerdown per week.
91 EDS minted this week so pretty much the same as last week. To date, eds-vote has minted and issued 2585 EDS. This represents around 5% of the current EDS circulating supply which is impressive considering EDS is 3 years old and eds-vote is only 37 weeks old.
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.