There are so many terrific DeFi things happening.
Also add this:
- LeoFi which is allowing for leasing of LP and, soon, HP and other H-E tokens.
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There are so many terrific DeFi things happening.
Also add this:
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Thanks, Task. Haven't used LeoFi yet but I guess leasing token powers is a great idea. Similar to Splinterlands renting which is benefiting all the parties involved.
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Forgot leofi so soon, I guess I've not even gotten close to exploring leofi.
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leasing out delegation isnt for everyone. However, it is a nice way to make a consistent return. So for those who want to diversify their activities will adding a passive return, not a bad way to approach it.
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Yeah I get it isn't for everyone, I'm just saying it's a viable option especially being that it's another way to put one's stake into use.
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I might try that just to learn how it works because I never done it before
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Speaking of which, have we seen any numbers from LBI on whether they're getting better returns or not? Curious because I've thought about doing it myself. I strictly curate everything manually so if I can make myself some extra LEO by using it, I think I'd like to.
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You've gotta consider that there's more to LBI than just purely comparing your own active curation returns with theirs.
One of the cool things about LBI is that by holding the token, you're gaining exposure to more than just LEO.
Just take a look at the fund's holdings in the latest earnings report.
Hive related:
Off platform related:
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Yes, I get all that. That's why I own over 3000 LBI. :-) I'm talking about the fact that they're in the process of "testing" the LeoFi leasing project to see if by leasing some extra LeoPower at around 15%, they make more than that by using it for curation.
In other words, just for ease of numbers, say they earn 200 LEO a week on 10,000 LP by using it for curation. So, it would stand to reason that if they could lease 10,000 LP for 150 LEO a week, they could do all the same curation and earn 200 LEO - 150 LEO paid = an extra 50 LEO per week.
But, it hasn't really been tested yet. Theoretically, the numbers make sense. But I was waiting to see what the results were before I tried it myself.
The other unknown is how much activity is happening in LEO each day. If I understand it correctly, the rewards pool gets divvied up between all the different curators and authors on a daily basis. So if there is a lot of activity, the rewards for each particular user can be smaller. If there is not a lot of activity, the rewards for each user would be larger.
That's why when you peruse the pending payouts on your posts (alliteration... :-) ) they can move up and down during the day as the algorithm calculates the percentages.
I could be wrong but...that's how I understand it.
Anyway, it is why I'm waiting for the LBI token to give their feedback on how the leasing is working.
@taskmaster4450 may already know the answer but I'm thinking the post should come out shortly in the weekly LBI update.
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How much are your returns on LBI for 3000?
Right now, dividends are around 4.5 LEO per 1000 LBI you hold.
But remember, the value of your LBI tokens is backed by the fund, so their price also goes up.
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Wow, 3k LBI is quite amazing!
I have like 1% of that lol
It's a great project thou, so I do plan on increasing my holdings there
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Anything you have is creating a steady return. By putting forth the effort to accumulate more, it only enhances the entire ecosystem.
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I think the payouts on Hive use a 3 day moving average. I am not sure what they are on the trines but I would presume somewhere near the same.
As for the activity, you are correct. The less VP used on a given days votes, the more valuable. If someone starts vote a great deal of activity from the day before with a large amount, then it can change things.
So yes it is fluid.
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Certainly a lot of reasons to hold the LBI token.
Over time, the goal is to keep things growing. It is slow in the beginning although the returns so far look good.
Give it a couple more years and we will see a very healthy fund.
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I have no heard as of yet. We will have to ask @silverstackeruk what the return is. I think he is doing about 15%.
Either way, it is a part of the total of LBI so not a bad idea to diversify. Plus it is purely passive which is always good.
But you are right the numbers would be interesting to know.
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Yeah, I think the 15% is what he's *paying" IIRC. So we need to make like 20% on the curation to make it worth anything. Hopefully he'll report the numbers this week so we can see. Like I said, I curate everything manually, so if I could earn an extra 5-10% by leasing some LP (or HP) then I would be all for it.
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