Introducing Delegation Tiers | Earn Up to 22% on Your HIVE POWER Delegation
It's official! As I announced in the AMA yesterday, we've been working on integrating Delegation Tiers to @leo.voter. We built a UI to help you manage your delegation tier and added it to the Dashboard of the INLEO UI.
Right now, the Dashboard is in early access beta mode on our Labs UI.
In this post, we'll explore the new Delegation tiers and how they work along with how to use the dashboard to change your tier at any time.
Delegation Tiers
There are now 3 Delegation Tiers:
- The base APR of ~13%, paid as liquid LEO daily to your account
- 20% APR, paid as staked LEO daily to your account
- 22% APR, paid as staked LEO daily to your account
Tier 1 is for anyone who simply delegates HIVE POWER to @leo.voter. There are no other rules, stipulations or requirements beyond that. If you delegate, you earn 13% paid daily as liquid LEO Tokens.
Tier 2 and 3 is where we get to the fun part.
Let's start with Tier 2.
Tier 2 can be accessed by going to the Dashboard and selecting "Switch to Staked". When you click this button, you'll be prompted to send a 0.001 HIVE transaction to @leo.voter with the memo "staked".
After sending this memo, your Tier will be updated (keep in mind - as the disclaimer at the bottom of the page says - it can take up to 1 hour for the Dashboard UI to reflect your new APR after making the change).
When you select Tier 2, you'll be receiving your LEO payouts daily but as staked LEO instead of liquid LEO. Since you're receiving staked LEO, your APR yield is 7% higher than anyone who is receiving liquid LEO.
If you're curious about LEO Tokenomics or how Staked LEO works, check out the INLEO docs.
Tier 3 can be accessed by doing the same process as Tier 2. The only difference is that if you are a Premium user who has also chosen to receive their payouts as staked LEO, you'll get 22% APR. You need to keep up with your Premium subscription renewals each month in order to receive this tier. If you stop Premium at any time, then you'll drop back down to Tier 2 and earn the 20% APR.
HODL Mode
Edicted coined this term and I decided that I liked it. There is one other stipulation to the Tier 2 and Tier 3 levels: if you are powering down LEO, then your tier will drop back down to Tier 1.
The rules are similar to LPUD. Our API will read your account and if you have powered down LEO in the last 3 months, you won't be eligible for Tier 2 or Tier 3.
This is to encourage long-term staking of LEO. AKA HODL MODE.
If your account is in HODL Mode, then you'll be receiving Tier 2 and Tier 3 Rewards.
You can, for example, choose staked and receive Tier 2 and 3 rewards for 6 months, then decide you want to power down. That's total fine and allowed, but the day you start that powerdown, your Tier will go back to Tier 1.
How to Delegate and Earn Up to 22% APR
These changes are all officially live now.
- To earn up to 22% APR on your HIVE POWER, simply delegate HP to @leo.voter
- After delegating, you'll immediately be placed into Tier 1. To change your Tier, go to the INLEO Dashboard and scroll all the way to the bottom of the page
- To access the Dashboard, visit https://labs.inleo.io/dashboard (if you keep getting redirected to the homepage, login with your Hive account on the homepage, and then go back to the Dashboard link. You must be signed in to view it)
- Scroll to the bottom and choose "Staked"
- After choosing staked, it will take up to 1 hour for the UI to reflect the changes. You'll be placed into Tier 2
- To get to Tier 3 and earn 22% APR, then go to the "Premium" page (https://labs.inleo.io/premium) and subscribe to Premium
LEO is paid daily to delegators at approximately 6PM EST every single day. If you are Tier 1, then you will receive liquid LEO airdropped to your account each day at this time.
If you are Tier 2 or 3, then you will receive staked LEO airdropped to your account each day at this time.
Why Are We Doing This?
There are a couple of driving reasons behind doing this. Namely - growing the LEO Community's stake of HIVE POWER, growing Premium subscriptions and increasing the activity of our userbase.
Having more HIVE POWER on @leo.voter (currently 2.4M) allows us to reward users with more upvotes. This allows us to encourage more positive activities on the platform - like creating quality blog posts, subscribing to Premium, creating Threads... overall - being more active.
The main question I've seen so far is "Is this sustainable?"
HIVE POWER curation earns ~10% APR on its own. So how are we making up the extra 10-12% for Tier 2 & 3 delegators?
This comes down to value capture. Assuming the 10% baseline means we need to capture an additional 10-12% in value from the "other" impacts of having more HIVE POWER:
- More Premium subscribers
- More Bloggers on the UI
- More Threaders on the UI
- More Ad Revenue
- More Beneficiary Rewards
- More LEO Lions having more HIVE POWER
These are 6 ways we can capture value in the "Other" category. Can these 5 make up for an additional 10-12% in value? We've run the numbers and believe that they can, which is why we're trying these tiers out. Keep in mind that we reserve the right to change these tiers. We will give ample notice (perhaps 30 days notice) of any changes we decide to make. For the foreseeable future, this is how tiers will work on INLEO.
Tell Your Frens!
Tell your frens! There's a way to earn up to 22% APR on their HIVE POWER delegations! Our goal is to grow our HIVE POWER significantly and grow the influence of the LEO Community.
Relevant Links:
- New Dashboard UI - https://labs.inleo.io/dashboard
- Subscribe to Premium - https://labs.inleo.io/premium
- Delegate HP to @leo.voter using your favorite HIVE Wallet
Posted Using InLeo Alpha
PS a new update was just pushed: you can also delegate directly from the Dashboard page. It prefills all the correct info to delegate HP to @leo.voter
cool but I have done it already and with new update, it must be even easier to use
I am going to enable this HODL Mode the right way to activate 22% APR. This is crazy APR and I don't see any reason to not opting for this. It will help grow LEO power faster.
I love this change and already switched to staked rewards! !LUV
My only concern is that this way if my main source of LEO was the delegation to @leo.voter, now I will have more difficulties at joining the LPUD, unless staked rewards earned in the last 30 days could be, somehow, counted towards that Power Up.
leofinance, arc7icwolf sent you LUV. 🙂 (1/4) tools | trade | connect | daily
Made with LUV by crrdlx.
As of right now, it won't be counted since it's liquid LEO that gets staked to count for LPUD
You could always stay in liquid mode from @leo.voter, I know your APR will be lower but then you will have the liquid LEO to power up for LPUD
So a bit of a trade-off
The increased APR is too good not to take advantage of it, so I guess I'll go with it even if I won't be able to join regularly all the LPUD 😅 luckily I also earn LEO from my curation activity, so I should be able to gather 50 LEO every few monthes (and not counting what I need to buy to reach my goals!).
Haha yep only takes a few $ per month to get enough for LPUD too ;)
Dashboard is nice. I used it to up my delegation and was smooth and easy. Dashboard updated with the new amount quickly and recalced the daily and monthly.
Awesome! Glad to hear that it worked well for you! This is a brand new feature literally just released 🦁
Sensational, I've already started my delegation in stake mode! Thank you for this incredible initiative!
Love to hear it! Thank you!
Don't forget about the extra 2% (total 22% APR) you can get if you also sub to premium ;)
Sorry for the delay in responding! I'm already saving up the resources to be able to purchase the premium! It will be of great value. A hug!
Great update, I just did the switched and will check back later to see the result.
This update is amazing. Tier 2 and Tier 3 look pretty great, Tier 3 is the best for me.
Welcome to tier 3 🦁
Great news, HODL Mode it is 🚀🌕👍🏽
I'll bite. I hope you use that voting power well. Let's make more people happy.
Our curators do a great job (IMO) of finding quality content posted on inleo.io and supporting Premium Subscribers! Thank you for your support 🦁
I really liked the idea of HODL Mode. The proof of sustainability is one of the strongest side of LEO token.
I believe this is a great opportunity for both Lions and Leo team to generate more wealth in a win - win case.
Appreciated your hard work 🦁
Absolutely a win-win. We'll need some time for the economics to play out but running some numbers in a vacuum looks promising!
@tipu curate
Upvoted 👌 (Mana: 28/58) Liquid rewards.
This is great. I love Tier 3 and I will be doing that! My question now is: what if your premium ends without knowing and you renew your subscription, does it mean we would have to do the Tier 3 process back or it goes back automatically?
I didn't quite understand how the dashboard works, but surely the data being displayed are not mine. The delegation part works fine; I delegated to the project. However, the data at the top is incorrect.
The dashboard is not on the menu yet because only the delegation part referred on this post is ready. The other data are placeholders. Probably will be working by the time it's on the menu
I got it, thanks
I heard of this while listening to the AMA and thought it was related to the amount of Hive Power delegated. But I am pleasantly surprised to find out it is not and that is Great!
Let's support inleo and at same time build our own future, I will call this team work because it's a great idea, I love the dash board look and have also delegated from my little staked hp
Tye auto staking allow us not to keep track of staking every now and then...I am looking forward for 22% APR
This is a great idea, and I am in for it
Well done inleo team 👏👍
the tiers concept is good and a nice boaster for the community. But then there is a little worry on its sustainability.
I want to know if delegators have a chance of being curated by @leo.voter
The sustainability part is not a problem if Inleo is getting more than 22% value, if they get 30 and pay 22, it's sustainable for both the community and the maintenance of the site.
Regarding the curation by leo.voter, there is plenty of ways to get curation, since delegating already gives you an APR that is a good return. You have to create quality posts and use the UI, that is the way of getting curation.
Although, if you are getting the 22% APR it is because you are a premium user, so yeah, you will be getting the perks the premium users have and that includes a better curation %, as long as the post are made from Inleo and are quality content.
I can't see a way to access this from the homepage...? I tried typing in 'dashboard' to end of my URL but just get a blank page..? Nice idea, I'll try again later.
20K delegation for the new rewards. Is there any way to get our own dashboard up or just khal's??
What do you mean your own dashboard?
If you login to the labs UI with your account and then visit https://labs.inleo.io/dashboard, then you'll scroll to the bottom and see all the data for your stats
If you mean the top part, it's greyed out. Those are not live yet. Only the @leo.voter delegation part at the bottom is live
It's your stats that come up when i go into it. You can see from the avatar that i'm logged into my account.
only the delegation part at the bottom is live right now, not the top stats. Try refreshing the page and scrolling to the bottom
test2
I had already chosen staked rewards and I am already premium. Just need to delegate more
Wow! It's finally here. This is awesome! I did my delegation and upgraded yesterday but I check it now and I can see that I'm in TIER 3. This is SWEET Thanks so much @khaleelkazi and team for the changes you're bringing to INLEO.
I would like to bite but ... when I go to the dashboard link I keep seeing your statistics ...
PS: I am delegating to @leo.voter since ages and this will be "just" another step into the right direction. Which is up !LOLZ
@tipu curate
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He was stuffed.
Credit: reddit
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(1/1)
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP
!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, plus you can win Hive Power (2x 50 HP) and Alive Power (2x 500 AP) delegations (4 weeks), and Ecency Points (4x 50 EP), in our chat every day.
Just delegated 1000 HP and lets see where we stop :)
Of course I took the option of higher APR and staked LEO. Helps me to reach my LEO goals faster.
I delegated to leo.voter, but it's been 3 days and the leo tokens are not coming into my account.
Is there any way to find out what happened?
HiveSQL is down and because of this there is a pause on transfers but this should be up soon.