Do you think this will impact the price of HIVE? Is that your goal?
Not a chance, the service has way too little amount of HP to cause any price change. Maybe in the looooong term if users will use it in large volumes?
all the benefits of HP for voting and curation, yet eliminating the 13 week powerdown.
Exactly.
Governance is not a part of the system since witness and proposal voting are done based upon owned HP, not delegated.
Yeah, so it simulates the idea proposed in the post nicely :)
It's also a way to get people to pay for LP with which money you can buy HP to delegate to your buyers and while retaining much more influence on governance than you could with your own HP alone. :)
Yep, acquired funds will be also used to increase HP (and provide liquidity on the market :).
By the way, you could sidestep the undelegation delays completely by just not delegating anything but keeping voting accounts whose votes mimic the votes of the LP token holders with the voting power used being in proportion to how many tokens they hold. Instant simulated powerdown.
That's a nice idea but it's much more complicated - I would need to calculate voting mana for each holder etc. Delegations are much more easier to manage + it's something you can see in your wallet.
That’s true.
Delegations are indeed so much easier to manage. The math would be easier if you have accounts with a fixed amount of HP and have a maximum amount of followed votes (10 per 24hrs). You would need to calculate the curation and liquid rewards as well (probably missing something). Not only for upvoting but also for downvoting.
Thought to give it a try... I wish I could code to test and play around with it, but I can't.
TOTAL POOL HP = 100% PERCENTAGE = (LP TOKENS / TOTAL POOL) * 100 VOTE WEIGHT = PERCENTAGE CURATION REWARD = PERCENTAGE LIQUID REWARD = PERCENTAGE VOTING MANA PER VOTE = (PERCENTAGE / 100)Sample:
1.000 HP = 100% PERCENTAGE = (50 LP TOKENS / 1.000) * 100 = 5% VOTE WEIGHT = 5% CURATION REWARD = 5% LIQUID REWARD = 5% VOTING MANA PER VOTE = 0.05%To add, you could incentivize a model where people can buy LP tokens that serve as shares from a specified pool. You can only add shares within X time. Whereas, the voting weight is calculated by the total amount of shares placed in an account rather than the pool size in HP.
For example, if Bob and Lisa both add 50 LP, and no one else adds LP, they both would have 50% of the pool. If the pool is 200 HP, they both doubled their power as their vote is backed by 100HP. If there are 4 more people who also add 50 LP shares, they would all have 16.67% of the pool. This means everyone would get a vote backed by 33.34 HP.
To make it all fun and games, you could simply do rounds for a period of time where everything would return (LP and followed votes would stop). Probably few people would dump LP and run some rounds with it, just for fun.