Last month, the LUV level numbers were changed. Read about the details and reasons here.
The summary of the reason and the problem:
- Reason: LUV was growing very fast, was being emitted very fast.
- Problem: Resource Credits (RCs) were drawing down fast.
Altering the LUV level numbers did what was expected: LUV emission slowed and RCs were allowed to accrue rather than to draw down.
Unexpectedly, we're kind of right back at that point. There's a tipping point between (a) the draw-down rate of RCs and (b) the replenish rate of RCs (determined by the account's Hive Power amount). Evidently, this tipping point has again teetered back in the unfavorable direction...the draw-down rate is greater than the replenish rate.
So, it's time to change the numbers to LUV levels again. The chart below shows LUV emission. The yellow line is the 7-day average. The slow-down is clear around 09/08 when numbers were change then. It's also clear that the 7-day average is back to that same level, higher even. It's time for a change again.
This change will likely happen in the next few days and will likely be a more substantial increase than the last time.
You can see the current levels at https://peakd.com/hive-engine/@luvshares/about.
LUV emission rates as of 10/09/2021. blue=daily, yellow=7 day ave, green=30 day ave, red=overall ave
-written by @crrdlx with LUV
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- Check your wallet or trade LUV at: Hive-Engine or TribalDEX or LeoDEX.
- Visit the LUVstore: LUVstore
- LUVshares Discord: https://discord.gg/K5GvNhcPqR
- LUVshares Telegram: https://t.me/luvshares
- LUVshares creator: @crrdlx
Like LUVshares? You can support the project through BuyMeBerries.
@LUVshares - Share the LUV.
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I was so happy to have the opportunity of using 10 LUVs daily, that I decided to get 250 to get my badge too. After the first trading, I noticed that I had only 4 LUVs available and I thought it was an error... And now that! 😒 I have less than half for sharing and need the double to get my badge!!! 😮
Hi there. I understand your frustration. I would like for you to get that badge as well. The changes were mostly a matter of mathematics. The math determines the Resource Credits which, in turn, determine whether LUV sustains. That's all. I'll be rooting for you and that badge. !LUV
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@ylich, you've been given LUV from @luvshares.
Check the LUV in your H-E wallet. (2/10)
Very kind of you! Thanks a lot, I appreciate it! 🤗
Ok, @luvshares, don't mind, it was just an outlet for frustration at the time...! I understand the situation! 👍
So what are the new levels, and when do (did) they go into effect?
I was giving out 3 !LUV yesterday, and today it seems to be only 1.
Hi. The new levels were just posted now (I only now was able to get around to doing so) at https://peakd.com/luv/@luvshares/slow-and-steady-luv-levels and I try to keep them live all the time on the About page at https://peakd.com/luv/@luvshares/about !LUV
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@drutter, you've been given LUV from @luvshares.
Check the LUV in your H-E wallet. (3/10)
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