** State of the Stakes Report **
I will start to provide these reports periodically so we can monitor our growth.
We had an amazing go-live with this version, Tribulation, and we made leaps and bounds in progress in two areas this quarter: Hybrid UTXO stakes being locked as 'self directed retirement accounts' for our users which will eventually be part of our Christian Dashboard, user (rebound) growth in general, and less of a liability in the sell order book on SX.
Our current SOS report:
"Total BBP": "600641483.57999996",
"Total BTC": "2.00074121",
"Total DASH": "33.34649736",
"Total LTC": "39.40525533",
"Total Foreign": "74.75249390",
"Total Hybrid BBP": "722724505.82999994"
Side Note: We have 25 sanctuaries that are not being paid and that are not sponsoring orphans but have locked coins- hopefully those sancs will learn about UTXO staking.
This report shows that we have 722MM total BBP locked up in UTXO stakes already (this is 600MM lone bbp + 122MM hybrid bbp). That is an amazing amount of progress, and obviously due to people transitioning from podc, and existing users to utxo staking. However we did see an increase in leaderboard participation from 40 to 51 in one week. Hopefully we will see a growth of at least 1-5 new users per day in the leaderboard and that will show natural word of mouth and expansaion in utxo staking.
We see 2 BTC, 33 Dash, 39 LTC, and a total of 74 foreign coins staked! No DOGE is staked.
On the very positive side, this means a very high percentage of BBP is already locked (making us rarer). We have about 225MM locked in sancs + 722MM stakes = 947MM out of 2.5B circulating, meaning we have about 40% of our coins already locked. (See gettxoutsetinfo for circulating coin information).
As far as the sell side order book in SX, we improved from 100MM outstanding in sell side to 89MM, a very positive trend.
Our DWU is stabilizing at 18.9% for single BBP stakes and 36% for hybrid-foreign stakes with 722MM stakes locked. This is really positive, because in 30 days when we increase our UTXO payout (during the time we retire PODC), this means even if our locked coins increases by 30%, the DWU will remain very high potentially attracting more users (of the 450MM distinct users available currently). This is also positive in that there is ample room to add Ethereum.