BTCPOP Instants Account Performance - August 25th, 2016

in #btcpop8 years ago

BTCPOP Instants Account Performance - August 25th, 2016

Here is the latest update on the performance of the instants account. We keep capturing information, obtaining data points and drawing up statistic. Even though we recently started collecting data, we feel we are able to make comments regarding short term trends at this point. First, let us start by pointing out the APR for today was lower, than the average we are carrying. Yesterday we were speculating about the high payout we got (12.305% APR)... and today we are back to the sad days of sub 1% APR. This bringing our long term (11 days) average down from 2.208% APR to 2.021% APR. Also, the number of payments was stable and above than average (10 vs 7.7). We continue to see sub 5% APR on the instants account. We are hoping long term with the plans to have the number of users of the site growing and verification working again, that the instants loan will be more used and we can get better returns. Speaking of, Verification is back online meaning new investors can get verified and apply for instant loans. It will be interesting to see in the next few weeks if the number of payments increases and later on if the amounts also, indicating a healthy growth of the instants account.

Also noteworthy is that by itself, the return for today was not 12.305% APR, rather is again sub 1% (close to 0%) we were so used getting. We want above 5% so we can make more on the instants than the savings account. We don't know if that is actually going to be a thing seeing that the more people that move into instants, the lower the payout is for each of them. And as many of you know, the savings account is coming to an end so everyone is going to be moved into instants. Although the move into instants account from the savings account is nearing, we don't have an exact or proximate date yet. With all the delays we've experienced, we hope this one keeps getting pushed back for a while. It is noteworthy however, that the rates are somewhat in line with what you would be getting doing margin loans on an exchange, so we think this is an good place to diversify to.

We remain a bit pessimistic regarding the short term returns, but cautiously optimistic about the medium to long term.

Anyway, with no further due here is the information we collected for August 25th, 2016:

Summary:

Amount Cumulative Amount Number of payments Daily Return APR Average APR Date
0.00000655 0.06201% 10 0.00066% 0.239% 2.021% 25/08/2016
0.00031799 0.06136% 10 0.03180% 12.305% 2.208% 24/08/2016
0.00001041 0.02956% 6 0.00104% 0.381% 1.179% 23/08/2016
0.00000282 0.02852% 5 0.00028% 0.103% 1.284% 22/08/2016
0.00000229 0.02824% 3 0.00023% 0.084% 1.459% 21/08/2016
0.00000033 0.02801% 2 0.00003% 0.012% 1.695% 20/08/2016
0.00012877 0.02797% 14 0.01288% 4.812% 2.040% 19/08/2016
0.00000205 0.01510% 4 0.00021% 0.075% 1.376% 18/08/2016
0.00005486 0.01489% 8 0.00549% 2.023% 1.818% 17/08/2016
0.00003697 0.00941% 13 0.00370% 1.359% 1.726% 16/08/2016
0.00005708 0.00571% 12 0.00571% 2.105% 2.105% 15/08/2016
Average 7.909090909
Details:
Type Loan Amount Date
Payout Instant Pool Loan 0.00000002 25/08/2016 19:49
Payout Instant Pool Loan 0.00000018 25/08/2016 13:45
Payout Instant Pool Loan 0.00000018 25/08/2016 13:44
Payout Instant Pool Loan 0.0000008 25/08/2016 10:21
Payout Instant Pool Loan 0.0000002 25/08/2016 10:20
Payout Instant Pool Loan 0.00000001 25/08/2016 01:46
Payout Instant Pool Loan 0 25/08/2016 01:26
Payout Instant Pool Loan 0.00000172 25/08/2016 00:28
Payout Instant Pool Loan 0.00000172 25/08/2016 00:24
Payout Instant Pool Loan 0.00000172 25/08/2016 00:23
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