I've been somewhat throwing away a lot of my power on the Leo platform ever since day one. I never delegated my coins to an alt account like many others and curated separately. Seemed like a lot of work for little payoff. I find myself constantly being at 100% because a lot of the posts I upvote aren't tagged to this niche community.
That being said I'm looking for a manual curator who's willing to support the community a bit more than I am (in terms of time spent). Gonna delegate all my coins (currently 43750) to one person who I think might be up to the task. This is a lot of stake relatively to the network because it represents around 1% of all coins in circulation. Still, Leo is such a microcap project that the "winner" won't end up making much in terms of USD, but they will be able to pick up quite a few LEO coins.
What am I looking for?
For the time being, I'm simply looking for someone willing to manually curate content they believe to have some value to the network. In this regard, I want this stake to stop hitting 100% vote power and waste the influence it has over the reward pool. If this strategy changes I'll make an announcement of it.
There isn't a lot of content on LeoFinance, so you should be able to skim the https://leofinance.io/created (new posts) section and gloss over every single post on the network. Anyone taking it super seriously could theoretically read every post pretty easily depending on the time spent doing so.
Kickbacks
If you want to appeal to my sense of greed, you could offer me kickbacks in the form of upvotes on all my posts and/or a cut of curation rewards. I was going to require upvoting my content but that is pretty lame considering I use the tag on every post (even when it's not appropriate). Further, I pretty much receive 100 coins per post anyway simply from automatic upvotes, so perhaps upvoting my own content is not a good strategy for decentralization.
Maximization
This would be a strategy of trying to upvote posts that you know are going to get high payouts in an attempt to scoop more curation rewards. Seeing as curation is already 50/50, meaning you'll get half the inflation back that you distribute even on low value posts... this may not be the best strategy for winning me over, but then again that depends on what you do with the meager income you're earning.
Liquidity
LEO does not have a lot of liquidity. There are currently around 20k coins worth of buy pressure and 5k coins worth of sell pressure spanning a value of 0.13 to 0.16 Hive per coin. Considering the delegation is for ~44k coins, we can further see how locked in this stake is to the network. I'd like to keep it that way.
Truth be told, I believe this little arrangement I'm trying to facilitate can add more value to the network, not by the actual curation being done, but by giving one of you guys the ability to acquire coins by earning them through this curation process instead of having to purchase them. In this context, maximizing profits is fine because you'll be looking to HODL those coins in the first place for the long term and increase your own influence. That being said I better not see any shitposts getting consistently upvoted or self-voting alt-accounts scooping 100% of the inflation generated. Also if you want to sell some stake and even create liquidity on the market or even straight up gamble a bit, that's fine too. Everything in moderation.
Income
Looks like my upvote is worth about 8 coins at the moment. It was around 10 the other day so the reward pool is a bit variable. Assuming you generate 80-100 coins per day you might make 50 back from the curation kickback per day. At a USD value of 3.5 cents, that's only $1.75 per day.
However, as stated, I want someone who's looking to hold the coins rather than dump them on the market. Who knows, this could be your rags to riches story 10 years down the line. One could hope.
https://leofinance.io/hive-167922/@taskmaster4450le/the-leo-whale-report
Considering @taskmaster4450's recent post, it only takes 63 coins on Leo to be the equivalent (percent of network powers of inflation) of a dolphin. That means you'll be dishing out more than a dolphin's worth of stake every day, even if that is only worth pennies on the dollar as of today. Dream big, amirite?
Applications
If you're interested in applying for this delegation, simply post a comment below with the reasoning behind why I should pick you.
How long will the delegation last?
Unknown. Could be a month; could be a year. Who knows. I may also rotate candidates in and out of the position if I feel that kind of diversity has value. I also may take back the delegation to test a curation bot I've been thinking about developing, so there's that as well. There are no guarantees, and I'd rather not be subjected to the annoying drama that can revolve around money if I can avoid it. Don't expect or assume anything.
Speculation
I am a bit annoyed that I no longer have 50k coins, as that was a satisfying unit bias number. However, I've seen got around 5k Hive on HiveEngine that I may or may not pump back into the network depending on how the crypto market moves at large. Any LEO that I buy will immediately be delegated back out to my curator.
Conclusion
Who's going to throw their hat into the ring?
I am a bit curious how many applications this one gets.
Posted Using LeoFinance
Return from 43750 Leo Delegation up for grabs. to edicted's Web3 Blog
