Leo delegation a big confusion
My first experience with leopower is negative because it lacks clarity about this token:
- I converted hives this week worth more than 2800 Leo.
Why ? - 1st: To delegate to @leo.voter in order to generate passive income.
- 2nd: to take advantage of the monthly power Up (supposed to exist with leos)
=> My first surprise: Nothing obtained for the Leo monthly Power Up
=> My second surprise and disappointment: after 2 days of delegation to @leo.voter (via 1000 Leo token), I received nothing (neither rewards nor answers to my questions)
So I withdraw my delegations and now I have more than 1700 leo Pending
So, maybe leofinance is a very good system but with far too much implicitness and a lack of clear communication. I'm not saying that you shouldn't invest in leofinance, but I'm asking for more transparency and clarity for such a powerful system!!
My questions:*
- Why are delegations to @leo.voter not accepted with their leo token???
- What is the annual return for delegations to @leo.voter (my estimates give 10% while in the blog we find 16%)
Leo Power Up Day
Today @leogrowth presents the Leo Power Up Day where he advises and explains how to do a Power Up
What is still unclear:*
Should we do a PowerUp with Hive or Leo?
For total Leo Power (on the 15th) to be between 200 and 20k, do you count leo delegation's?
Once you have leos, what should you do with them, do you have the right to delegate them or what do you do with them?
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The best thing is to delegate HP to Leo.voter. That works like a charm, with daily payments
yes, these are the ones that I understood and I am contacting several authors so that they correct their posts where they say that it is possible to use Leo power. But I had no official manager to confirm.
You can earn daily LEO by delegating HP to leo.voter, but I don't think you can earn by delegating LEO. There are curators where you can delegate LEO and earn LEO, if you delegate to them, you can get a daily LEO reward.
It is enough to power up at least 200 LEO on the 15th of June.
You can delegate to someone else after power up. You just need to power up over 200 LEO.
As I am an active user, I do not delegate, but you are free to delegate to whomever you want.
In fact, if you can ask these questions on discord, you can get clearer answers.
Not : Also, remember that you will start receiving rewards after 7 days.
LeoFinance discord : https://discord.gg/E4jePHe
Posted Using LeoFinance Beta
These are some good guide you have given, I was just about saying the same. 👍
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I was a little hasty. :)
Posted Using LeoFinance Beta
I was a little hasty. :) Thanks!
Posted Using LeoFinance Beta
Thanks @rtonline for explaining some points:
=> However the doubt persists according to @Monica-ene it seems possible to make the delegation in LEO and I should have waited 7 days
If I ask the questions here, and not on discord, it is precisely to facilitate reading and give explanations with more public access.
@rtonline, he has clarified that to be a no with a solid reason.
Check the other comments
I don't think you will get a daily LEO reward by delegating LEO to leo.voter. But to be sure, you can ask on discord. Also, if you look at the posts on the leofinance blog, there is an explanation of earning 16% APR by delegating HP, I haven't seen any explanation or post about LP delegation.
Authors and curators receive rewards after 7 days, so they send the rewards after receiving them. But if you waited for LEO, I don't think you would get the reward again. I even looked at the transaction history of those who delegated LEO to leo.voter, and did not see anyone who received LEO rewards.
I believe you will find a solution when you share your problems here. You can also help others with similar problems.
Posted Using LeoFinance Beta
The payout for leo power delegations should begin to show after 7days, that is following the duration of post payout to when your delegation joined the train. maybe you should have waited.
Posted Using LeoFinance Beta
So according to you @leo.voter accept delegations with LEO
As far as I know it doesn't accept because leo.voter is HP curator, not LEO curator.
Posted Using LeoFinance Beta
Okay, better explained Here.
Thanks for the clarity.
Am saying that if it does, rewards should begin to show after 7days.
As far as I know, leo.voter does not accept LEO delegation. You can earn LEO by delegating HP. Yes, you need to wait 7 days to receive the rewards.
Posted Using LeoFinance Beta
Thank you for this.
You're welcome!
Posted Using LeoFinance Beta
So thanks to the interaction between the (very well structured) arguments of @rtonline and those of @Monica-ene and @pele23
IT IS ONLY POSSIBLE TO RECEIVE DELGATION REWARDS FROM @LEO.VOTER, IF AND ONLY IF DELEGATIONS ARE DONE IN HIVE POWER (HP) AND NOT IN LEO (LP).
@rtonline, I had another question for you regarding your choice of not delegating to @leo.voter (which nevertheless promises a 16% return on investment). But I understood your position because you are very active as your post demonstrates here =>
As a few have already reported - use leo.voter for HP delegations which should pay out around the equivalent of 16% APY, daily.
If you want to delegate LEO to earn LEO, then you can use leo-curator. There may be others, but thats the one I use, and I think it may be a weekly payout. But if you google leo-curator, you'll find more info on it.
The following post my also help:
https://leofinance.io/@sodomlv/leo-voter-vs-leo-curator-who-has-higher-apr
Posted Using LeoFinance Beta
Thanks for the link i will take a look
If you delegate to Leo.voter is do reliable. To receive daily payout you need convert Leo into Hive first !
Posted using LeoFinance Mobile
Yay! 🤗
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