Beneficiaries On Hive Are Now More Than 20% From Authors Rewards | What Drives This?

3 mo
LeoFinance
3 Min Read
505 words

A short explanation for those who are not familiar with beneficiaries rewards. When someone is making a post, he/she can choose another account to receive a share or all the rewards from that post. This basically means that the original author is transferring those payouts to other account. Beneficiaries are still under the category of authors rewards, just realocated to other account.

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Beneficiary is a very handy tool for platforms, referrals, projects participants etc. For example I’m making the @leo.stats report and my account is a beneficiary for the payouts from that post.

Thing is this share keeps increasing and it is now more than 20% from all author rewards. Let’s take a closer look.

Authors and Beneficiaries Rewards

First let’s take a look at the historical data for the authors vs beneficiaries rewards.

Here is the chart.

image001.png

This is a chart for the all time authors and beneficiaries payout. The yellow are payouts to beneficiaries.

This is quite a long timeframe, starting from 2016 up to now. We can notice the big fluctuations in the first year, and then later in 2019 a drop in the authors payout, when the payouts transitioned from 75% authors, 25% curators to 50% - 50% share.

Note that this is Hive Power payouts only, so the total author and beneficiaries payouts are double when we add HBD.

When we zoom in 2021 – 2022 we get this:

image003.png

We can notice that there is a small drop in the overall payouts, but the beneficiaries’ rewards seem to be growing.
In May 2022 on average 13.5k Hive Power is being rewarded per day, out of which 3k are going to beneficiaries.
In January 2022 the total author rewards was 16.9k per day, while the beneficiaries share was 2k.
The overall author rewards have reduced, but the beneficiaries’ rewards have increased.

When we plot the pie for May 2022 we get this:

image005.png

A 22% share for beneficiaries in May 2022.
In January 2021 this was 12% share.

Top beneficiaries

Here is the chart for the top beneficiaries in May 2022.

image009.png

The @hbdstabilizer is on the top here with 160k Hive Power received as beneficiary in May 2022. When we add the HBD payouts it accounts for double than the above.
This is coming from the @hbd.funder account that is creating daily comments and setting up the stabilizer as a beneficiary. From all the beneficiaries the stabilizer is accountable for 75% share of it.
These funds are going to the stabilizer as an additional funding for maintaining the peg. Some of the top Hive stakeholders are supporting and upvoting the @hbd.funder and it seems that it has grown over the year.
The @reward.app is on the second place. This account is giving a service and is paying in liquid HIVE. Next is the 3Speak @spk.beneficiary for users that post through the 3Speak app. The other users on the list are around the 1k HIVE mark.

All the best
@dalz

Posted Using LeoFinance Beta


https://twitter.com/Dalz19631657/status/1537042845420470272
The rewards earned on this comment will go directly to the people(@dalz) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

0

Well, it’s king of necessary to keep HBd as stable as possible, so quite normal in my opinion

1

Edicted with his weird self-beneficiary'ing.

Posted Using LeoFinance Beta

2
3 mo

Haha yea ... he does that because he likes 100% Hive Power payouts, and when posting from leofinance there is some strange issue that you need to put yourself as bene to be able to do this ... he was complaining about it long ago.

2

that explains that xd

1

rofl, srsly rofl

0

Yeah that is really strange but fits his persona overall.

0

:D

Posted using LeoFinance Mobile

0

One thing that puzzles me is about payments to either the publisher or the recipient being received via HBD. So why our balance value on the site is with hive price not with Hive dollar power?

1
3 mo

Not sure what you mean.... payouts are in both, Hive Power and HBD.

0

I mean when you want to make payout 100%, why it's not with HBD ?

0
3 mo

Because HBD is paid as liquid only

0

I think that the percentage of beneficiaries is large, which is an excellent thing if the publisher has many followers, demand and interaction, while the percentage should be equal otherwise.

1

In my chess posts I use a 70% beneficiary to feed the price pool. Works perfectly.

1

Thanks for interesting breakdown, keeping this blockchain support growing steadily.

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1

It's nice to see the stabilizer fund receiving more and more rewards, in order to keep the ecosystem healthy.

!1UP

0
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0

Those are interesting stats. I think that this might also be because not everyone knows about it when they start out on Hive unless they really delve in (most don't). I only started using it after many months. I like to put my favourite communities as beneficiaries as it's a way for me to give a little back to the ecosystem.

2

I think with this kind of development, hive will be a better community in the future, where authors and beneficiaries co-exist . am still new in the platform, so am taking my time to study how things are done here.

1
3 mo

Welcome!

0

That's quite interesting. I was actually not expecting this, at all. However, it is clear that this is mostly driven by a single account (and this is logical, knowing the purpose of it). Any other is much rarer. Do you have a version of the plots without the hbdstabilizer contribution, or with this contribution singled out?

0
3 mo

Something like this?

image.png

0

Precisely, thanks a lot. It is cool to see more actual authors (on top of apps) :)

Cheers!

0

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0

Interesting stats.

0

Interesting stats.

0