Author Topic: BitShares Balances Estimated Yield  (Read 2683 times)

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Offline cryptosile

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There is no "yield" however, BTS does go up in value when delegates who have a < 100% pay rate burn BTS.


Offline islandking

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There is no yield on BTS. You only get a yield on the assets.
You can take a look at the yield percentages on bitsharesblocks: http://bitsharesblocks.com/assets/market
I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party. - Satoshi

Offline yak

When I go to Accounts to check the Estimated Yield for my BitShares, there's never anything there.  Should there be?  If not, how do I find out the interest rate/rate of return on my BitShares?  Any help will be greatly appreciated.  Thanks.

like people have said there is no yield on bitshares themselves, but on the bitassets in bitshares (for example bitusd)
i'm super new here so only really starting to get a decent handle on things, i've noticed the wiki entries sometimes are pretty outdated and such, but here is the entry relating to bitassets http://wiki.bitshares.org/index.php/BitShares/bitAssets and in there you can see a specific example of yield with the bitusd asset
Quote
Yield on BitAssets

BitAssets will now yield a return for their owners from the transaction and market fees involving that asset. This is a variable yield and not a guaranteed ROI. It will be payed on any bitAsset, not just the bitUSD, but for the sake of simplicity the following will describe the mechanics by means of the bitUSD.

Users will not have to do anything to benefit from this yield, it will automatically show up in their balance and transaction records as part of normal use. Every time you make a transaction that withdraws from one of your balances it will pay any yield due back to that balance.

The yield can be calculated as:

ACCOUNT_BALANCE / BIT_ASSET_SUPPLY  *  TOTAL_ACCUMULATED_FEES * PERCENT_OF_YEAR_HELD

After 1 year you hit the maximum yield percent. Simply move your funds once per year and you can see the maximum benefit.

You can estimate the "current APR" as

TOTAL_ACCUMULATED_FEES / BIT_ASSET_SUPPLY.

The following things can reduce the current yield estimate
    New BitUSD being created with a market fee less than (TOTAL_ACCUMULATED_FEES / BIT_ASSET_SUPPLY)
    Someone cashing out some of their yield.

The following things can increase the current yield estimate
    Market Transactions with more overlap than (TOTAL_ACCUMULATED_FEES / BIT_ASSET_SUPPLY)
    Transactions with BitUSD fees paid.

So what kind of yield can one expect to see?
    $0.05 per transaction, 0.01% or more BitUSD trade volume. Up to 10% on new BitUSD issuance based upon existing demand. Perhaps less.
    Assume we get to 1 TPS in BitUSD the network would earn $1.5 million from transaction fees, if there were $15M BitUSD in circulation then that would be a 10% yield. Every time someone submits / cancels a bid with BitUSD it counts as a transaction. $15M BitUSD in circulation would mean $30M BTSX locked up as collateral.

i'm not sure how much of that is 'current' but its probably a good starting point, as well as the post on the forums here:
https://bitsharestalk.org/index.php?topic=8520.msg110779#msg110779

as an example tho, yesterday i traded some bitshares for bitusd in the client (27bitusd), today my client is saying this: (keep in mind i transferred some of my bitusd to a friend to show him how it worked so its not exactly 27 anymore)



i'm not sure at what time i did the exchanging to bitusd, but i think it was at about 8am est, so i'm guessing that yield is not completely *accurate* for a full day.


hope this helps you out a little bit.
edit: just as i posted this i looked at my client and it is now 0.0007 estimated yield
« Last Edit: January 12, 2015, 05:05:57 pm by yak »

Offline kamir.tam

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There is no yield for Bitshares.
« Last Edit: March 25, 2015, 04:33:00 pm by kamir.tam »

Offline islandking

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You just transfer the funds to yourself and it should update you balance to include the yield.
I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party. - Satoshi

Offline Gentso1

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If you move your asset you will collect the yield whatever it is so just vote or transfer it to yourself and see what happens.

Offline onceuponatime

When I go to Accounts to check the Estimated Yield for my BitShares, there's never anything there.  Should there be?  If not, how do I find out the interest rate/rate of return on my BitShares?  Any help will be greatly appreciated.  Thanks.

There is yield on bitAssets such as bitUSD, bitCNY, bitGOLD and bitSILVER ofr as long as you hold them. There is no yield from holding BTS.

The yield from any bitAssets you hold will show up daily in the Estimated Yield section you see on your account. It will get transferred into the Balances section when you make a transaction with the bitAsset.

Offline biophil

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For bitshares? Not bitAssets? There is no such thing as yield on BTS.

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Offline sbsc20015@ymail.com

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When I go to Accounts to check the Estimated Yield for my BitShares, there's never anything there.  Should there be?  If not, how do I find out the interest rate/rate of return on my BitShares?  Any help will be greatly appreciated.  Thanks.