Analyzing DHEDGE Drips

Words
380
Reading
2 min
Listen
Play
6y

image.png

A question came up in Discord about the ROI of the DHEDGE token. Like BRO & INDEX, DHEDGE gives out daily dividends (drips) to anyone who holds it. I like to know things, and prefer to calculate things rather than guess.

I need a user with a decent supply of DHEDGE to be able to calculate a return.
I used DHEDGE token holder enforcer48@enforcer48 who has over 310 DHEDGE tokens to analyze things.

enforcer@enforcer daily drip


image.png

DHEDGE drips 18 tokens on a daily basis.

I took the daily drips and calculated the yearly totals for each token and then calculated the yearly Hive value of the drip. I used yearly as it is the best way to get an APY value and some of the drips are too small to get a Hive value based on daily drips.

Drip annual returns

TokenDaily DripYearly DripYearly Hive Value
BEER0.000025760.009170560.00191
BEE0.000973950.355491750.25147
GAMER0.01063.8690.0007
LEO0.0010.3651.38702
WEED0.001662180.60669570.08069
SWAP.EOS0.000078250.028561250.54267
BRO0.000024910.009092150.08182935‬
SWAP.STEEM0.000262440.09579060.14274
SWAP.HIVE0.000201370.073500050.07350005
Hive0.0124.38‬4.38‬
BLURT0.13750.005‬2.25173
SWAP.DOGE0.004075671.487619550.40187
DHEDGE0.009908473.616591551.10306
NEOXAG0.023836678.70038455‬0.0281
PAL0.0031.0950.16425
STEM0.0017680.645320.09848
ARCHON0.0367666013.4198093.22075
SIM1.893690.9452.17648

Conclusion

The Hive value of all drips is 16.3872494‬‬ Hive/year.
enforcer48@enforcer48 has 310.62731084 DHEDGE at a total value of 100.953876 Hive at current mint purchase price.

Selling tokens will generally drive the price down due to liquidity issues, and buying tokens will drive it up due to similar liquidity issues, so these numbers are in an ideal world where you can buy / sell without limits.

At 16.3872494‬‬ Hive/year it would take around 6.16 years to break-even or roughly 16.2 APY.

UPDATE: Looks like you can mint DHEDGE tokens for a fixed 0.325 Hive. This adjusts the final numbers a bit as you are now looking at roughly 100.953876 Hive to get 310.62731084 DHEDGE.

UPDATE #2:
I was also told you get Hive drip as well, I only looked at Hive Engine tokens, with that factored in it changes the numbers quite a bit.

These calculations are on today's price, and yesterday's distribution, and assumes zero slippage.


Securely chat with me on Keybase

Why you should vote me as witness

alt

Analyzing DHEDGE Drips | Ecency