Our weekly report for both delegators and token-holders of M.

Delegators have received their token distribution and token-holders see the price rise a significant amount.

Apologies this is going out two days late but have been very busy the last week.


<center>https://i.imgur.com/jju1jSH.jpg</center>

### M News

This week we see overall earnings drop a bit but the distribution rise a little. Overall, we are flat compared to last week, but these small changes are due to a large number of tokens being sold, so a higher proportion of the profits get paid to delegators compared to token-holders.

Indeed, the weekly price increase has only gone up to 0.933 HIVE, to adjust for this and the on-going slow-down on DCity. I hope to raise it to 0.935 next week. We have plenty of cash, is just liquidity; the current larger power-down will help those waiting to sell tokens.

Note that the yield on M tokens is higher than the vote-yield for our level of HP (14.6% APR) and higher than what is available on Dlease (also 14.6% APR).


We continue to navigate through a volatile period. It is, of course, good to see coin prices rise, but it is also good to plan ahead for the next down-turn.

### The Numbers

Distribution to delegators = 0.291% = 15.2% APR

Buyback price = 0.933 HIVE (+0.001) = +5.7% APY

Hive gross actual vote = 14.6% APR (+0.1)
Hive gross linear vote = 22.7% APR (+0.2)

The Hive vote estimates are calculated based on the average weekly prices. The "gross actual vote" is calculated based on our HP; the "gross linear vote" is calculated based on a stake of 1 million HIVE and hence approximates to the reward curve's linear asymptote. 

Minimum delegation is 10 HP. Changes in delegation, including new ones, start earning rewards after 2 days.

The buyback price increase is shown as an APY because members are automatically compounding their tokens, whereas the distribution uses an APR value as that reflects the delegation income. Older-style info can be seen in our [last post](https://peakd.com/hive-175254/@accelerator/map-fintech-m-token-distribution-to-delegators-and-price-increase-21-december-2020) using the old format. The new format is explained in more detail [here](https://peakd.com/hive-175254/@accelerator/map-fintech-m-token-distribution-to-delegators-and-price-increase-28-december-2020).


Have a fine week!


Any questions, please ask in the comments below or in our [public chatroom](https://discord.gg/yWmrVFC).

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