BitShares Forum
Main => General Discussion => Topic started by: Shentist on January 18, 2015, 03:21:10 pm
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Bitsharesblocks.com now shows the yield for every bitAsset class.
I am not sure how this is calculated. As far as i know i get more yield if i hold my 1 bitUSD for a year, compared to someone who holds it just a day.
Is this still right? If yes, i would like to discusss, why we do this and not make the yield the same for every day? In my opinion it makes no sense and complicates the message to the
masses
I am a big fan of "keep it simple and stupid" and in this case we should make it as easy as possible. So if the yield in bitsharesblocks.com shows 1% it is the yield i can assume i get for a year and shouldn't depend how long i holded the bitAsset.
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I am not sure how the yield works. I think you have to have the bit asset in your wallet for a certain amount of time before you start getting a yield.
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if not changed it is really complicated and the shown yield on bitsharesblocks should be far away, because in the beginning you get less and later you get more.
would like to get a post from bytemaster
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Everything that goes into the reserve fund
(http://www.bitshares.org/infogfx/feeflow/btsx-feeflow.png)
is used to pay the yield .. to get a yield you need to hold your bitUSD for at least 24h. The announcement with equation and description is here:
https://bitsharestalk.org/index.php?topic=8520.msg110779#msg110779
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The yield I'm displaying on bitsharesblocks is simply (collected_fees / current_supply). It's an estimate of the annual yield, as explained by BM in the post xeroc linked:
You can estimate the "current APR" as TOTAL_ACCUMULATED_FEES / BIT_ASSET_SUPPLY