create account

Rebalancing started by ctpsb

View this thread on: hive.blogpeakd.comecency.com
· @ctpsb ·
$5.14
Rebalancing started
![rebalancing started.jpg](https://files.peakd.com/file/peakd-hive/ctpsb/23u6Z9rbHtAxHbxrXwYPEUepGcSE5hFZWcUjyUhMWNFmWUqcxiso1aimyHqZPHTDnhvS6.jpg)


From the very beginning of the CTPSB project, there was a market maker actif for the token that would reproduce the value of the token that is defined by the hive power on the @ctpsb account divided by the number of tokens in circulation.

In the first years the account continued to grow and when the market maker was running out of CTPSB tokens, it would purchase them from the project who would power up the according hive power. In the last two years, the tendency is a bit reversed and we have most of the time a good balance between the people who want to buy and who want to sell the token. Is this balance is maintained, the market maker manages to buffer the small diversions. 

## What happens when a lot of people want to sell CTPSB
This is the situation we are in at the moment. There are several people who are selling their token and getting out of hive. We feel this also with CTPSB and we see that the market maker has a disbalance with the owned CTPSB tokens growing and the hive diminishing. In order to face such situations and to provide buy orders for people who want to sell tokens, we have a rebalancing system in place. This system has kicked in last week and will continue until the balance is established again.

## How does the rebalancing work?
It is triggered when the market maker has less than 15% of its fortune in the form of liquid hive. This means that 85% or more is composed of CTPSB tokens. When this happens the rebalancing starts. 

In the first step, the project buys for around 200 hive from the market maker. In the second step the project starts a powerdown of 200x13 (around 2600 Hive). The market maker has now 200 hive more to buy back tokens. After 7 days, when the first power down is completed, the project burns the CTPSB tokens that it has bought from the market maker one week before. 
The process is then continued week by week until the market maker has at least 15% of its fortune in the form of liquid hive. 

Since with the rebalancing the number of tokens burnt and the equivalent hive power are both erradicated from the equation, the value of the CTPSB token stays unchanged. Thanks to the rebalancing, it's possible for the project to adapt to the market demand and help the market maker to provide a minimal liquidity for buy orders. 

We have started a rebalancing last week and it will continue until the market maker has enough liquidity again.


## The numbers of this week


Assets|Amount|Increase over last week
--|--|--
Hive Power|33779|+92
Tokens in circulation|9430.4|-2
Burnt tokens|2068|+2
Token value|3.582|+0.011
APR|15.4%|+0.9%

<hr>

Learn more about the CTP Swarm Booster:
- [The CTPSB Website](https://ref-hunters.ch/ctpsb/index.php)
- [The CTPSB NFT's Website](https://ref-hunters.ch/ctpsb/nft.php)
[The market on Hive-Engine](https://hive-engine.com/?p=market&t=CTPSB)

A project run by @liotes 
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 84 others
properties (23)
authorctpsb
permlinkrebalancing-started
categorytribes
json_metadata{"app":"peakd/2025.4.6","format":"markdown","tags":["tribes","bbh","aliveanthriving","archon","proofofbrain","pimp","cent"],"users":["ctpsb","liotes"],"image":["https://files.peakd.com/file/peakd-hive/ctpsb/23u6Z9rbHtAxHbxrXwYPEUepGcSE5hFZWcUjyUhMWNFmWUqcxiso1aimyHqZPHTDnhvS6.jpg"]}
created2025-04-27 20:07:48
last_update2025-04-27 20:07:48
depth0
children9
last_payout2025-05-04 20:07:48
cashout_time1969-12-31 23:59:59
total_payout_value2.580 HBD
curator_payout_value2.562 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length3,028
author_reputation134,787,083,046,413
root_title"Rebalancing started"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id142,357,598
net_rshares14,802,704,907,738
author_curate_reward""
vote details (148)
@edgerik ·
$0.03
Excellent.

!BBH
!WINE
👍  , ,
properties (23)
authoredgerik
permlinkre-ctpsb-2025427t161149985z
categorytribes
json_metadata{"tags":["tribes","bbh","aliveanthriving","archon","proofofbrain","pimp","cent"],"app":"ecency/4.0.3-vision","format":"markdown+html"}
created2025-04-27 20:11:51
last_update2025-04-27 20:11:51
depth1
children1
last_payout2025-05-04 20:11:51
cashout_time1969-12-31 23:59:59
total_payout_value0.014 HBD
curator_payout_value0.014 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length22
author_reputation117,729,232,393,733
root_title"Rebalancing started"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id142,357,666
net_rshares85,091,824,722
author_curate_reward""
vote details (3)
@ctpsb ·
Thanks for stopping by!
👍  
properties (23)
authorctpsb
permlinkre-edgerik-svivb0
categorytribes
json_metadata{"tags":["tribes"],"app":"peakd/2025.4.6"}
created2025-04-30 08:23:24
last_update2025-04-30 08:23:24
depth2
children0
last_payout2025-05-07 08:23:24
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length23
author_reputation134,787,083,046,413
root_title"Rebalancing started"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id142,412,255
net_rshares0
author_curate_reward""
vote details (1)
@imfarhad · (edited)
$0.04
people will come and go, as long as the project gets rebalanced, those who believe will stay.

The retention rate is not good on Hive. I see X joined. But, how many are actually active and contributing is not clear.

There are also bad apples in the system, their motto is just to milk the rewards in whatever way possible.

!BBH
!ALIVE
!CTP
!PIZZA

👍  ,
properties (23)
authorimfarhad
permlinkre-ctpsb-svfmfy
categorytribes
json_metadata{"tags":"tribes"}
created2025-04-28 14:19:12
last_update2025-04-28 14:20:33
depth1
children1
last_payout2025-05-05 14:19:12
cashout_time1969-12-31 23:59:59
total_payout_value0.018 HBD
curator_payout_value0.019 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length350
author_reputation273,728,718,753,741
root_title"Rebalancing started"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id142,373,537
net_rshares111,565,153,426
author_curate_reward""
vote details (2)
@ctpsb ·
There is a lack of positive dynamism on hive at the moment I believe. But we can all contribute to steer towards a better future :-)
properties (22)
authorctpsb
permlinkre-imfarhad-svivea
categorytribes
json_metadata{"tags":["tribes"],"app":"peakd/2025.4.6"}
created2025-04-30 08:25:21
last_update2025-04-30 08:25:21
depth2
children0
last_payout2025-05-07 08:25:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length132
author_reputation134,787,083,046,413
root_title"Rebalancing started"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id142,412,277
net_rshares0
@jfang003 ·
$0.04
@jfang003 "It's too bad people are getting out of Hive, but I..."
It's too bad people are getting out of Hive, but I am glad that there is a rebalancing effort to make sure the token value is kept.
👍  ,
properties (23)
authorjfang003
permlinkre-ctpsb-2abigy9pm
categorytribes
json_metadata{"app":"leothreads/0.3","format":"markdown","tags":["leofinance"],"canonical_url":"https://inleo.io/threads/view/jfang003/re-ctpsb-2abigy9pm","isPoll":false,"pollOptions":{},"dimensions":[]}
created2025-04-28 04:37:15
last_update2025-04-28 04:37:15
depth1
children1
last_payout2025-05-05 04:37:15
cashout_time1969-12-31 23:59:59
total_payout_value0.018 HBD
curator_payout_value0.019 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length131
author_reputation640,972,860,052,945
root_title"Rebalancing started"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id142,364,552
net_rshares111,774,137,276
author_curate_reward""
vote details (2)
@ctpsb ·
People are free to do as they wish and that's why it's important to have such a rebalancing mechanism to adapt to situations.
properties (22)
authorctpsb
permlinkre-jfang003-svivcj
categorytribes
json_metadata{"tags":["tribes"],"app":"peakd/2025.4.6"}
created2025-04-30 08:24:21
last_update2025-04-30 08:24:21
depth2
children0
last_payout2025-05-07 08:24:21
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length125
author_reputation134,787,083,046,413
root_title"Rebalancing started"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id142,412,270
net_rshares0
@mypathtofire ·
$0.04
Great. Appreciate the update. 
👍  ,
properties (23)
authormypathtofire
permlinkre-ctpsb-2025427t223148812z
categorytribes
json_metadata{"type":"comment","tags":["tribes","bbh","aliveanthriving","archon","proofofbrain","pimp","cent"],"app":"ecency/3.3.0-mobile","format":"markdown+html"}
created2025-04-27 20:31:48
last_update2025-04-27 20:31:48
depth1
children1
last_payout2025-05-04 20:31:48
cashout_time1969-12-31 23:59:59
total_payout_value0.018 HBD
curator_payout_value0.019 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length30
author_reputation606,106,093,518,046
root_title"Rebalancing started"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id142,358,058
net_rshares111,994,222,884
author_curate_reward""
vote details (2)
@ctpsb ·
Thanks for the feed-back!
👍  
properties (23)
authorctpsb
permlinkre-mypathtofire-svivba
categorytribes
json_metadata{"tags":["tribes"],"app":"peakd/2025.4.6"}
created2025-04-30 08:23:33
last_update2025-04-30 08:23:33
depth2
children0
last_payout2025-05-07 08:23:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length25
author_reputation134,787,083,046,413
root_title"Rebalancing started"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id142,412,257
net_rshares596,494,818
author_curate_reward""
vote details (1)
@pizzabot ·
<center>PIZZA!


$PIZZA slices delivered:
@imfarhad<sub>(2/5)</sub> tipped @ctpsb 


<sub>Come get [MOON](https://moon.hive.pizza)ed!</sub></center>
properties (22)
authorpizzabot
permlinkre-rebalancing-started-20250428t141935z
categorytribes
json_metadata"{"app": "pizzabot"}"
created2025-04-28 14:19:33
last_update2025-04-28 14:19:33
depth1
children0
last_payout2025-05-05 14:19:33
cashout_time1969-12-31 23:59:59
total_payout_value0.000 HBD
curator_payout_value0.000 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length148
author_reputation7,576,092,031,166
root_title"Rebalancing started"
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id142,373,545
net_rshares0