### This week's distributed profits are 0.332%, equivalent to 17.3% APR.
### Total rewards to delegators, including bonuses, are 0.352%, or 18.4% APR.


Our payouts this week are significantly higher than all of the bidbots listed on [iSteemd](http://isteemd.com/). I don't know why the bots seem so low this week; I can only imagine the seasonal drop in activity. The modal range for leased delegations this week is 16-18%. This again illustrates the advantages of having a *managed* fund compared to using just one algorithm. 

This post will be slightly different to previous ones; am experimenting with making it shorter!

The values below that relate to the Steem blockchain are given as 7-day averages to give a fairer picture of what has happened during the whole week.

<center>https://i.imgur.com/MtKq9KV.jpg</center>

Let's lay out the different percentages to make them clearer. These are all calculated in terms of STEEM per SP.

Value of Steemit upvotes = APR 22.5% [1]
Value of Steemit rewards payouts = APR 16.9% [2]

**Distributed MAPR payouts = 0.332% (APR 17.3%)** [3]
Total MAPR payouts = 0.352% (APR 18.4%) [4]

[1] Theoretical maximum value of Steemit upvotes, assuming 10 full upvotes at 100% power for 7 days, averaged over 7 days and expressed as an APR.
[2] Theoretical value of Steemit upvote rewards, assuming 25% curation rewards, 50-50 split of post payouts and SBD print rate, averaged over 7 days and expressed as an APR.
[3] MAP Rewarder distributed payout sent to delegators this week; this is 85% of our gross income.
[4] Total payouts for the week, including bonus upvotes, free full upvote, free SBI and this week's distribution. This increases our overall payouts to about 90%.

Our MAPR distribution [3] is higher than the average blockchain author rewards [2].

Also, the total amount MAPR has given out as distribution, prizes and upvotes, [4] is higher than [2].

Overall, I am satisfied with the results this week, being consistently around the 18% APR mark for total payouts.

Profits will be paid today to SP delegators in STEEM.

<center>https://i.imgur.com/GV4ybl8.jpg</center>


## Benefits of Delegating to MAP Rewarder

A new post has been published: [Delegating to MAP Rewarder: Benefits for Small SP Accounts](https://steemit.com/delegation/@accelerator/delegating-to-map-rewarder-benefits-for-small-sp-accounts)

This gives more details on the rewards distributions plus the bonus upvotes, Free Vote Friday and Free SBI Saturday.

Any further questions, please ask.

<center>https://i.imgur.com/dUA2XRt.jpg</center>


## How to Delegate to MAP Rewarder

To delegate SP to MAP Rewarder, please read our [Introduction document](https://steemit.com/mapforum/@accelerator/introducing-the-new-map-rewarder-passive-income-for-delegators-doc-1-0) and the recent [update](https://steemit.com/delegation/@accelerator/delegating-to-map-rewarder-benefits-for-small-sp-accounts).

You can also delegate using these links:

[10 SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=accelerator&vesting_shares=10%20SP), [20 SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=accelerator&vesting_shares=20%20SP), [30 SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=accelerator&vesting_shares=30%20SP), [40 SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=accelerator&vesting_shares=40%20SP), [50 SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=accelerator&vesting_shares=50%20SP), [60 SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=accelerator&vesting_shares=60%20SP), [70 SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=accelerator&vesting_shares=70%20SP), [80 SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=accelerator&vesting_shares=80%20SP), [90 SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=accelerator&vesting_shares=90%20SP), [100 SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=accelerator&vesting_shares=100%20SP), [500 SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=accelerator&vesting_shares=500%20SP), [1000 SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&delegatee=accelerator&vesting_shares=1000%20SP), [Other](https://helloacm.com/tools/steemit/sp-delegate-form/?delegatee=accelerator).


If you do not have spare SP to delegate, then you can still follow our [Curation Trail](https://steemauto.com/dash.php?i=1&trail=accelerator) or [Fanbase](https://steemauto.com/dash.php?i=2&fan=accelerator) on SteemAuto (or follow us on Steem Voter), and gain some higher-than-average curation rewards.

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

## MAP Rewarder News

I have changed the layout of our numerical data; I hope the different numbers are slightly clearer!

The curator-support upvotes have all been moved to the account @rycharde. This means curators will receive more upvotes and this MAP Rewarder account can concentrate on earning income. It also means I no longer need to show the data for such upvotes, hence some of the numbers have been removed as no longer relevant.

All our percentages are calculated like-for-like based on STEEM so that these are real returns in STEEM per delegated SP (which is also priced in STEEM).

A reminder that we have two missions: to be profitable to delegators *and* to support our MAP Curator Trail and thereby improve the quality of posts on Steemit; 5% of income will go to supporting the Trail.

To people thinking about delegating to MAP Rewarder, I have done some analysis about the ability to upvote every undervalued post we find and, in order to do so, we can comfortably manage about 500k SP. We therefore have plenty of room to grow.

Although we do not have a referral system, inviting new delegators *will increase income to existing members*. The value of the bonus upvotes depends on our SP, so the higher the SP the greater those upvotes will be!


## Blockchain News

The end of 2018 brings turmoil and uncertainty. However, despite the volatility in the Dollar price of STEEM, it is worth re-stating that the STEEM economy is fairly stable, at least at the macroeconomic level. I shall post again on this, showing that the upvotes generate post rewards of about 22.5% APR, with author-rewards at just below 17%. Apart from the period around HF20, this has been stable for the last 6 months; the previous divergence was due to the high value of SBD. The current lack of SBD Print Rate, and the tonsure (aka haircut) of the blockchain STEEM price, have had little effect on these numbers. Sure, there are serious issues about the *distribution* of rewards, but their generation has also to be taken into account.

So, looking ahead to 2019, we all obviously wish for more stability at the management level, but we can - and should - promote the stability of the STEEM economic system.

See you next week!

Happy New Year!

<center>https://i.imgur.com/CeL48Qr.jpg</center>


Next rewards distribution will be on Sunday 6 January.


---

<center>- - ![](https://i.imgur.com/MtKq9KV.jpg) - - ![](https://i.imgur.com/9Mvn9fs.jpg) - -
Please Comment, Resteem and Upvote. Thanks!

@rycharde manages the [AAKOM project](https://steemit.com/@aakom) and the [MAP Trail](https://steemit.com/@accelerator).</center>