The Only Constant Is Change
There is a lot of talk about yield farming and staking in LeoFinance. I'm here to tell you about a project that has been flying under the radar on Hive for 3 years, and some of the opportunities it presents for anybody who'd click on this post because of the title.
dlux.io
It's a maturing project that already has many use cases. What isn't apparent is that it's been running it's own decentralized side chain on Hive since before it was Hive. For over a year any account who has delegated to @dlux-io has recieved a daily payout of DLUX tokens. Let's dive a little deeper into whats at play here:
DLUX has a set inflation rate of 5%. This get distributed into several different avenues such as paying the node operators for running in consensus, and content reward via Proof of Brain. This means there is a fixed amount of inflation that gets evenly distributed to delegators. Let's look at a daily payout and focus on one of our newest delegators: @johnsdowie. He currently delegates 5HP and earned 0.043 DLUX. This daily payout isn't quite daily, it lags every day by about an hour which is intended not to favor any particular geographic location. So instead of annualizing at 365, it's 347.
That's 14.921 DLUX per year.
DLUX is currently trading at 0.4 DLUX per HIVE which rounds out to an APR of 120%
120% APR
Of course, if you decide this is the best deal on Hive and go to delegate you'll dilute the pool. @dlux-io currently has roughly 40K HP delegated to it.
| Delegation Pool | APR @ 0.4 | Half-Price APR | Double-Price APR |
|---|---|---|---|
| 40K | 120% | 60% | 240% |
| 80K | 60% | 30% | 120% |
| 160K | 30% | 15% | 60% |
| 320K | 15% | 7.5% | 30% |
| 640K | 7.5% | 3.75% | 15% |
| 1.280M | 3.75% | ~1.9% | 7.5% |
Price has a huge play in the APR, so let's briefly go over some of the tokenomics of DLUX.
- Roughly 12.42 M tokens have been minted.
- 8.475 M are Powered up for Voting (6M held by @dlux-io are forbidden from voting rights by code)
- 680 K are held in governance accounts with a similar power down schedule.
- About 900 K are held for a fixed price sell(Send 1 Hive to @robotolux, get 1 DLUX)
- About 800 K are in content and marketing accounts
- Leaving just around 1.5 M in liquid accounts.
- There are currently over 2200 Hive accounts with some DLUX.
- It's likely ~1,900 accounts don't know they hold DLUX that was recently airdropped.
- These accounts will have less than 10 DLUX.
We firmly believe the technology to trustfully interact and distribute information belongs in the public domain. While you can fork DLUX or run it's code to build your own side chains to Hive, or modify the methods to be used on other blockchains. We've programmed an ICO to help raise the amount of tokens to 100M via direct sales. So if the pool of fixed price tokens ever sells out there will be up to 100K additional tokens minted at no less than 1 DLUX per HIVE. If these sell out the price will automatically adjust higher, and operates with feedback, but the floor price will not change. Once this ICO is over we won't own more than 2% of the total tokens, in what we intend to be the most fairly distributed token ever made.
This means that this additional inflation shouldn't force the price lower than 1 Hive. But it will play a factor in price movements above 1 Hive.
Now finally, what do you believe the value of Hive will do? It's a large community, with ~free transactions, powering cool layer 2's... XR networks and NFT showrooms. If you don't have a great place to put your HIVE now, I suggest reading more about DLUX and delegating, running a node, or building content. You can buy and sell tokens on our DEX with fees of 0.3% and no transaction fees... And our DEX is about to get a huge upgrade as we transition to autonomously controlled multi-sig accounts.
The minute I have more spare HP to delegate you are receiving it for this project. I was completely taken by the added VR aspect, and I plan to use it for future use. Good job
Saw that you built an immersive photogallery. I hope this medium is useful to your projects.
I'm still shaking bugs out of the proof of brain system, but when it's rolling smoothly this delegation will be used to vote on DLUX content. Earning both Hive and DLUX and to further anchor the value. :)
I do see added value for my personal projects.
I'm also thinking of opening a node, but that's going to take a bit seeing as I need a whole new desktop due to some issues.
I wouldn't recommend running a node on your PC as missed transactions can be penalized. Best to set it up on the cloud/server.
Yeah so I'm making a dedicated server for it
How do I delegate to DLUX? What are the next steps for a newbie?
Posted Using LeoFinance Beta
go to /@dlux-io/wallet
Select Update Delegation.
There are other interfaces and ways to do this, if you're using a different site let me know.
log in on the site wants active key (on keychain). I don't like it. Otherwise, I would give it a look.
Posted Using LeoFinance Beta
Near every action that you can take on the site requires an active key. From making a post with comment options to interacting with the DEX and sending tokens. Would you prefer HiveSigner or another option?
Keychain is in general my favorite. It is something I don't do in general with active key. Only if I know the transaction I do :)
Log in IMO could be with posting key. And then the user ( or in this case me) know what he is doing if he does actions on dlux.
Maybe it's only me.
You can login and put your id in then decline the transaction and refresh, you'll still be logged in. The token that is returned is a key that lets you upload content to our IPFS so it's not exactly something I want to spend a lot of time changing... But I might streamline the process so you can just hit a button to log in. All the data is public, log in just helps build relevant info on the API.
ok, thanks for the reply :) Thanks for the explanation
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Do I need to do anything with my DLUX tokens or can I just keep holding them liquid in my account? Like stake them or anything? I think I have been delegating for a while now.
Posted Using LeoFinance Beta
If you run a node you’ll need to power them up. Proof of Brain curation requires the to be powered up... but right now there is no interest or anything that makes powering them up better.
Ah, okay, no, I don't think I am running a node or anything. Thanks for the reply!
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Great news to hear! I have a small stake in DLUX. It's probably time to add more to that. !PIZZA
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@disregardfiat! I sent you a slice of $PIZZA on behalf of @vimukthi.
Learn more about $PIZZA Token at hive.pizza (3/10)