RC Delegations Just Freed Up Over 800 HP For Me

in LeoFinance2 years ago

You must be tired of how many times I've talked about RC delegations recently, before and after the hardfork.

But this is a little optimization I've done for my accounts which freed up over 800 HP which I now use for voting (for example, on you, if you take the time to comment on my posts).

As soon as I found a tool that handled direct RC delegations (now there are many of them, including PeakD), I delegated the estimated necessary RCs to all the accounts that had any HP assigned to them and were only using RCs, not the voting power. Actually, I delegated more, to be sure I'll have enough and because I have plenty RCs.

Right after that, I started the undelegation process for all the HP assigned to these accounts. Today, these HP delegations returned to the mothership.

It's something like 835 HP. Not an impressive amount, but why waste it? I immediately delegated it to this account, from where I do my curation.

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This should apply to you especially if you have dedicated accounts for gaming or renting out cards.

It may partially apply if you have accounts that are dedicated to tribes. If you only use those accounts to vote with one or more tribe stakes you have, and you do your HIVE curation from another account, then there is no need for these accounts to hold HP. Only RCs. Unless you specifically want to add a little HP curation with them too.

Likewise, if you have an account that only has Hive-Engine token holdings (of all kinds, from tribe tokens to NFTs, from income/dividend tokens to diesel pools), you don't need HP for that account. Only RCs for the custom JSONs. Same if you have tokens on the DLUX sidechain (i.e. DLUX, LARYNX, SPK, DUAT, etc.).

If you post with an account, you don't need HP. You need RCs. You need HP to vote. To curate, to vote for witnesses or DHF proposals. That's it. Of course, HP gives RCs too, but it's a waste to use it only for the RCs.


Now that the direct RC delegation is here, I'm wondering how soon will there be until we'll get some services that:

  • request HP delegations, return the equivalent RCs, and offer a small return (pure HP curation services)
  • request direct RC delegations and offer a return
  • request HP delegations and offer a significant return

The first type of service would be interesting for someone who needs (lots of) RCs, already has HP, but it's not interested in curating. The service will not have a high return but it could have a high influence on how the reward pool rewards are being distributed, thus this is something that will be carefully watched.

The second type of service is the one most people are waiting for because from a relatively low amount of HP upwards, RCs are in excess and people would love to get a return for what is in excess for them. On the other side, there are and will be many businesses requiring more and more RCs.

The third type of service would be a combination of the two above. As a consequence, the return should be significantly higher too.

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That is awesome. RC only delegation is the way ✨

I agree.

Nice cleanup! More curation rewards are on the way!
I have tried to do something similar with my "tribe curation accounts", but I forgot that hive.vote doesn't work if you don't have a certain amount of Hive Power... So, I had to re-delegate again when I noticed that... lol...

Oops! I haven't thought of that. How much did you delegate for them to work with hive.vote? Although maybe hive.vote might need an update for this requirement, now that RC delegations are possible. @mahdiyari

I think that "fixed" voting works with 15 HP, but for a "smooth" experience, I have delegated 30 HP for my "more important" accounts ;)

Thanks.

Interesting, but I'm just starting to understand delegating HP, don't even know how much RC I have or where to find it. This is new learning for me for sure.

!CTP

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You can see how many RCs you have if you hover over "Stats i" in PeakD:

image.png

Or from hiveblocks.com/@username.

Thanks! I'll check that out.

!CTP

Interesting mate enjoy your freed delegations
Thanks for sharing this info
!ALIVE
!CTP
!BBH

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Thanks, Ben! I already am. :)

Awesome mate have the best weekend
!ALIVE
!CTP
!BBH

Thanks! You too, Ben!

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@gadrian! Your Content Is Awesome so I just sent 1 $BBH (Bitcoin Backed Hive) to your account on behalf of @benthomaswwd. (6/20)

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No, definitely not tired of it at all, @gadrian. Because there is so much to learn about RC delegation vs. Hive delegation and the impact they have on an account. And it just occurred to me that I have yet to claim SPK tokens in my other accounts. 🤦‍♀ Better start this next month.
!CTP
!ALIVE

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Ok, glad to hear these posts are still needed.

And it just occurred to me that I have yet to claim SPK tokens in my other accounts.

Ouch! And I've talked about that too, claiming your LARYNX for ALL your accounts. :)

LOL! As it turned out my other accounts didn't have enough in them to get any LARYNX.
Oh well! Wouldn't have known had I not checked.
Enjoy your day, @gadrian😀
!CTP

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The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

Good Morning and Thank you, @youarealive! Enjoy your day.😀

That's a nice move! Now you have a more concentrated curation account.

Posted Using LeoFinance Beta

Exactly. I wish I could do the same with the delegations I have to a few services, but they use them to curate as well. Not sure if all of them use the RCs though.

That's the pull :) Kinda hard to take away the HP delegations to those who curate and generally help the majority :)

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Kinda hard to take away the HP delegations to those who curate and generally help the majority :)

Exactly. :)

I am going to read this again in a while just to make sure I understand. Thanks for sharing.

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Let me know if you have questions.

Thanks for sharing this. Indeed this method of delegating RC is better than committing the HP.

Posted Using LeoFinance Beta

Exactly.

Thanks, I have 800 HP delegated to my rental account that should come back to the mothership. Where can I work out how much RC I need?

Depends on how much you use. You can delegate in any increment and delegate more if you run out.

I gave it a go and so far is working great 🙂

If you are looking for a ratio (although it shouldn't be a fixed one), Splex says it's 1mil RCs for 1 HP.

i delegated 2,647 billion. probably too much then! lol

Here's a reminder to claim at least one Account Creation Token using your Resource Credits, because your RC is already above 97%. 🤗

Thanks! !ALIVE

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hahaha !ALIVE

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The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

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You know what? This post reminded me of one of my small accounts that I rarely use much anymore. Just took a look and my last post there was 5 months ago (time to write a new one). But you make a very good point on what to do with accounts such as those so that they don't lie fallow.

Thanks for pointing that out with ths post. It gives me a chance to rework some things in order to optimize my presence here on Hive. :)

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Oh, I have a few accounts where I stopped posting a long time ago. I just focus on this account now for posting. Posting daily here seems more than enough for me.

I'm glad my post made you check your other accounts.

What ratio are you using?

For example if you had 10 HP delegated to an account, how many RCs are you delegating in its place?

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I delegated more, but Splex says on their site that 1 HP = 1mil RCs. This isn't a fixed ratio, they probably used a higher amount to get people covered.


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I think it's a better model overall because it allows people to consolidate their VP. However, I wonder if there will be an RC market. I don't really think there is a need for one right now though.

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I think it's a better model overall because it allows people to consolidate their VP.

It's more than that. It allows us to use the two benefits of holding HP (RCs and voting power) separately. Until the hardfork, they were almost indivisible.

However, I wonder if there will be an RC market. I don't really think there is a need for one right now though.

Right now probably not. The bear market is on the way. :) But as the bull market comes in, we'll probably see how the demand for RCs explodes.

Very good information, Adrian.
Thanks for explaining this; I appreciate it.

!CTP

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I appreciate you dropping by, John!

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