As mentioned in the last update our community curation project has taken a bit of a hit with lost Curation Rewards in the aftermath of Hard Fork 25 and it does indeed look like we will need to cut back a bit on our lease expenditure. This means we are both looking at a drop in yields for our lessors as well as a drop in overall Hive Power leased so that we can ensure the project doesn’t slowly bleed out and bankrupt itself.
For now the top market rate for leases on dlease.io is about 13.5% so that will be the new maximum lease rate for our lessors come the end of this month. Of course we like to give everyone a good heads up and a chance to find alternative places to delegate if this minor drop in yields is a big issue, but I also personally hope that our lessors will continue to support the community and accept the yield reduction which brings lease earning back in line with the evolving open market.
What this all means for regular content creators on the #silvergoldstackers tag is that the overall Hive Power behind the voting might be a little bit volatile over the short term while we work through this adjustment and review of our leases. As custodian of the project I will do my best to smooth things out and perhaps nobody will even notice any changes but I do like to be transparent about any issues that might affect members and this could be one of them.
I’ll be attempting to make contact with all of our private off-market lessors over the next week or so to discuss this change. Also, if there is anyone out there with spare Hive Power that is interested in leasing power to the project, the 13.5% yield on offer after this month is still very competitive. Delegation payments are made weekly and in advance, with a minimum delegation of 5,000 Hive Power.