Last month I did not make it in time to publish the monthly report in a timely manner so this month the number goes up from 19 to 21!
Let's take a brief recap of what has been happening with PWR over the past 2 months:
In mid-April I announced the implementation of a change I had been planning for some time. The 'relaunch' of PWR as a growth token. If you've been under a rock I recommend this read.
Since the changes implemented and in less than a month, thanks to some lucky moves, PWR is now overpegged!
Further adjustments to staking rewards + bonus airdrop in mid May.
Higher Delegation rewards for Hive Power Delegators. From 8% up to 15% (minimum until 2026).
Which brings us to today :)
This is an updated graph for the Total Circulating Supply of PWR:
Nothing spectacular. Circulating ticking up a bit after the introduction of staking rewards in January + increased delegation rewards from very recently.
@empo.issuer (account which distributes PWR to delegators) still holds ~2950 PWR.
2950/40 => 73 days of rewards (assuming all numbers equal).
PWR into the empo.issuer account are already being counted into the circulating supply of the graph above. Which makes me think about how much PWR are entering daily into circulation.
Which brings us a TOTAL of ~61,5 PWR daily which translates into 22400 PWR/year.
Gross numbers, but next to the total supply, 22,4K equals to a ~18,51% yearly inflation.
It may seem like a lot, but in reality it is not so much when we take into consideration curation rewards from @empo.voter or recycled rewards funneled into
@vventures.
Let's take a brief look into our external ventures.
Remember you can check in real time through this [hidden].
Not much movement lately in terms of new coins/positions. I kept DCAing into ETH and LUMIA basically.
ETH gives us a massive core position with the perfect mix of stability and upside potential (10K$ ETH is programmed IMHO).
ETH is the 'safe' play.
LUMIA is my conviction play for the RWA sector.
Lumia was trading at ~2$ last December. Give me back those prices (which aren't unrealistic at all) and our 30K tokens are worth 60K$.
Only thing to note is to keep an eye on this. The 28K$ which we are borrowing.
Overall net APR is -1,7% so assuming static prices we are good (for now). Our liquidation price is ~1570$/ETH.
With 40K$ AUM 1 PWR -> 0,33$ or ~1,37 HIVE. This is the current backed value of PWR.
For Christmas My (un)realistic targets are:
10K$ ETH
5-10$ LUMIA
100% not financial advise based on my crystal ball. Can happen, or can not. Most people doesn't have stomach to handle such swings. I have.
20 ETH x 10K$ => 200K$
30K LUMIA x 10$ => 300K$
Wrap it those into 500K HBD. Get 15%. Buy HIVE, buyback more PWR. Repeat. You know, I'm writing it there just in case I forget about the initial plan.
Yesterday I was talking with @resiliencia about my ''strategy''.
I may look like a gambler. But to make a x10-x20 you have to be willing to eat a drawdown -90%.
I've endured this kind of pain before, I've endured it this cycle. I will hold for a massive ride up to Valhalla.
I've ride AVA from 0,1$ up to 5$.
AUTO from 150$ up to 10K$
ORN from 2$ up to 20$
Lost so much, many times. I'm still alive. That's more than most can boast (about staying alive and mentally healthy).
Such is life. such is the market. Happened before, will happen again in the future.
Do you want to share this journey with me? PWR is the key.
Delegate some Hive Power to @empo.voter for a ride (and a great 15% APR).
More than ever... Onwards!
You're not voting for my witness yet and love what I do? Don't ask me more: