How to Earn a 16% ROI on HIVE POWER and Support LeoFinance's New LeoInfra Onboarding System

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Many have said that Hive was one of the first real DeFi projects. We've had so many ways to earn yield on HIVE POWER for longer than DeFi was even a term that people used. Earlier this week, we released LeoInfra V2 which introduced 3 new signup options for the LeoInfra onboarding system:

  1. Twitter Lite Accounts
  2. Direct Hive Signup Via Phone #
  3. Direct Hive Signup via Twitter Verification

These integrations along with the Metamask lite account system we built a few weeks ago have started to gain a lot of traction. We're already onboarding 20+ new accounts each day. While many of these may be Hive alts, we've already tracked many accounts that are brand new sign ups like @scaredycatguide's two friends: @gualteramarelo and @leoschein.

We'll start publishing monthly reports that show our new account sign ups along with data to show their levels of activity as well.

Scaling Up

LeoInfra doesn't work like other onboarding systems. Aside from the fact that we've built this "Lite Account" approach, we also delegate 10 HP to every new signup so that they can immediately interact with https://leofinance.io without worrying about RCs.

This creates a much better user experience, but it also creates a bottleneck for onboarding. Not only do we need account creation tokens to create new accounts, we also need to sustainably earn HIVE POWER so that we can distribute delegations to new users.

Enter @leo.voter Delegations

@leo.voter is our official curation account for the LeoFinance community. Delegators receive a 16% APR on their HIVE POWER when they delegate it to this account.

We use @leo.voter for 100% manual curation of LeoFinance community content along with the claiming of account creation tokens and delegations of 10 HP to each new signup.

With over 1.5M HIVE POWER currently delegated to the @leo.voter account, we're already capable of onboarding ~75-100 new signups sustainably per day.

While we could ask for other users to provide their account creation tokens and HP delegations to new signups, I much prefer a sustainable approach that provides a win for the users who delegate and a win for the LeoFinance community as a whole.

Having more HIVE POWER in @leo.voter means:

  1. More scalability for LeoFinance signups (account creation tokens generated per day)
  2. More HP to delegate to new users (derived from curation rewards and delegated out to signups for resource credits)
  3. Higher rewards for our existing community (larger HIVE-based upvotes)

The Best Return on Hive

@leo.voter provides one of the highest ROIs on HIVE POWER. Many have asked exactly how it works, so here is a brief explanation:

  1. User delegates HIVE POWER to @leo.voter
  2. Every 24 hours (around 7PM CST), delegators receive LEO

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It's that simple. No setup required. The most frequent question we get is:

How is the 16% APR Determined?

We take the mid price of LEO from https://leodex.io relative to HIVE. So if the price of LEO is 2 HIVE per LEO (roughly where it is today), then that is the current price we use.

Taking that value of LEO, our distribution system calculates a 16% APR based on the HIVE POWER delegated to @leo.voter. Once that is determined, it breaks that down by 365 days to give today's daily yield.

If a delegator were to sell the LEO each day into HIVE, they would earn exactly a 16% APR per year.

If a delegator expects that the price of LEO will appreciate over time, then they could hold (or stake) those LEO earnings and then potentially sell them at a later date for a higher price. This would effectively yield greater than a 16% APR on their original delegation.

LeoFinance is a Tokenomics-Driven Platform

If you're paying attention to the way we organize everything on our platform, then you'll see the various ways that we tie in our tokenomics. Delegations and scaling our onboarding are no different. Rather than take donations, we prefer to take a business-oriented approach and provide you something valuable in exchange for the value that you're providing to our platform.

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I can't remember the last time I made a post specifically about delegating to @leo.voter. I'm not one to ask for delegations, but now seems like the time to do it.

Delegating to @leo.voter is about more than just earning a 16% yield on your HIVE POWER. It's about supporting the sustainability of our onboarding as we aim to be the #1 source of new active users on the Hive blockchain.

@penguinpablo publishes stats each day on the source of new accounts and one of our onboarding accounts is already #3 on that list. We expect this to grow significantly, especially with a few of the marketing campaigns you'll see from us on Twitter this week and next.

No HIVE POWER, no Problem!

If you've already delegated to @leo.voter or you don't have much HP to delegate out, you can still have a massive impact on our efforts to onboard new users to this blockchain.

Be there and be engaged.

We have a discord channel set up on the LeoFinance Server called "Welcome to the Lion's Den". This server autonomously announces whenever a new account was created using LeoInfra.

Investing time in being engaged and following these new signups is just as valuable as providing HP to @leo.voter to get them onboarded in the first place.

After all, we want people to have an amazing experience here on Hive and LeoFinance. We're the most engaged community on this blockchain and I often think that engagement on an author's piece of content is even more valuable than your upvote.

Nobody wants to spend the time to create content and have nobody read it. So make sure you follow these new users and be there for them as they get acquainted with our site and start sharing their content with us.

November's M2M Roadmap

Our last post introducing LeoInfra V2 was so long that I didn't want to overwhelm by including our M2M roadmap. Here you'll see our progress on the targets we set back at the end of October.

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LeoFinance.io V2 P2 has already been released to our production UI. This includes over 20+ new features that we've systematically rolled out over the past several weeks. In the next few days, we'll launch a post from this account with all of the in-depth release notes on what we added and how it all works.

Again, these are internal targets. Everything on our M2M roadmaps will get done and we target the dates set on it, but depending on development delays and other factors, we may not hit them exactly. The only aspect of November's roadmap that we decided to push back is the LeoDex V6 release.

We did this for a number of reasons. Namely that we reprioritized 2 other projects ahead of that release. More details will be given in our December roadmap post from this account (again, coming in the next couple of days). To give you some hints, we recently acquired a new site for one of our upcoming projects dubbed "LeoFi" which is going to bring yet another dynamic to earning passive yield on your staked LEO POWER.

We've also decided to build a database layer for serving and storing Hive blockchain content on LeoFinance.io. I've teased this on Twitter, but the tagline of this project is: The speed of Web2 with the immutability of Web3. I'm really excited about the performance improvements that will be possible because of this new development. More details coming soon.

Then we also have our new microblogging platform launching toward the end of December and all of the various ad campaigns that we're about to launch to get Twitter users to our site. Buckle up 🚀

 

 

LeoFinance is a blockchain-based social media community for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

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83 comments
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You had me at APR!

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Admit it, that is where you stopped reading.

We know how you like to take shortcuts. 😁😁

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LOLOLOL He said 'Earn 16% ROI'....I was sold.

I did read though, promise LOL

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Just upgraded to 5000 HP delegated from my sons account! :)

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Great job. That is a help. We all can push the numbers higher.

Thank you son, after you tell him what he did. LOL

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Thanks. I've just told him. I think he is not impressed as he wanted his car toy from my desk (2 yo.). He will get in a couple of years :)

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This is an excellent initiative. If anyone has some HP, it is suggested to send some over to @leo.voter. The APY is exceptional plus it really helps the entire leo ecosystem.

Keep in mind that delegating HP will change your curating but not your governance. That is based upon HP owned, no matter if it is delegated or not. So your witness and proposal votes will NOT be affected.

More details will be given in our December roadmap post from this account (again, coming in the next couple of days).

To save yourself time, might as well go with a December/January road map. We are nearing the halfway point of December and the holidays will soon be upon us. I know its a pain to see out 45 days but might as well just do one for map for that time frame.

As we know, it can change due to a variety of factors.

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Awesome, I just sent a small delegation over. I am excited about helping out as much as I can!

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Leoinfra just became better, I think it's great the 10HP, at least if for nothing then for engagement.

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This is excellent! I will definitely add some delegation for you folks to keep it going. It won't be a heck of a lot but every bit helps! Keep up the great work, things like this are how we can become successful in many fronts instead of focusing on one.

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Great work done on onboarding, unfortunately the bottleneck is always the minimum delegation of HP to provide the necessary resources to be able to interact.

This is an aspect that should be changed especially if we aim at the onboarding of millions of potential users, we risk not having enough HP to get everyone to participate.

I have already been a delegate for a couple of months and am happy with my daily LEO reward. I hope to increase my mandate by the end of the year.

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It will be partially offset by the curation rewards (increase) that the account gets. This will help to bolster the onboarding, not only in accounts claimed but also the HP that can be delegated.

Of course, once the microblogging starts, many newer accounts will go through that quickly. They will either need bigger delegations or have to buy some HIVE and power it up.

Either way, more HIVE is needed.

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We finally reached the days of “hive
Will be a precious resource which can easily be rented out”

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The database approach is a great one and not only that you'll be able to do aggregations on your own, but also be able to search and get metadata much more easier and faster. From there on new features can be added, stats and infographics be presented and limitless possibilities. LeoFi sounds very appealing and extending this ecosystem is evolving continuously. Soon this will be a monster in the crypto and finance space!

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Since I joined LeoFinance and started to curate finance & crypto-related content instead of other stuff I delegated my Hive Power to @leo.voter. I started out with a delegation of 3000 Hive and have upped the amount for each 100 Hive I earn. I'm up to a delegation of 3300 now and have no reason to stop or change my approach.

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(Edited)

I delegated 150 HP recently . I want to delegate more , I tried to update the delegation using peakd but it didn't work . How can I delegate more on top of 150 HP? If I make a new delegation of say 200 HP , will it overwrite existing one or add to it?

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Sadly I don't have a any HivePower available as I am delegating all of my HP to my curation and support project called @aliento which is focused on supporting new HIVE users. But I'll test at least for a couple of weeks delegating some HivePower from that account to @leo.voter.

Great efforts will bring great rewards!

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I do have 4k hive delegated to the account already but might double that up. Even if it's not the best return in the long run i thinks its important to support the best performing project on hive right now and make sure that they are able to keep growing the eco-system smoothly like they have been doing up until now. Just need to move some hive around and will up my delegation.

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I think I already have some delegated but I'm not sure how to check delegations these days. I never really got into the Hive "loop". I have daily payments into my wallet which say @contract_tokens. Would that be from a delegation I made?

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I have been struggling for three days to send HP to @leo.voter and I can't, I mean don't let me but I think I will be successful tomorrow, when all the obstacles I think will be overcome. I look forward to it!

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Along with all these great things, I see manual curation and flat reward system as the biggest thing in this platform.

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Thought I was already delegating but just found out I wasn't. Corrected that mistake. Keep up the good great work!

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Wow. Some really REALLY good things in there. I like the 10 HP (LP)? delegation so that people can start with out getting the RC warning. That was a real problem for me as a newbie.

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Was already delegating but just upped by another 1,500 HP for the cause! Keep up the great work everyone!

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Great idea. It is like another way to actively invest in Leo. I will try to do my part as my account grows.

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I'm earning more leo each day. I should have stuck with it when I joined but stupid me sold it. Time to stack up again once I earn more.

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I've been upping mine gradually every week for months, it's addictive!

Do you monitor when you create accounts? The timing can make quite a difference to the amount you can create in one go... Sometimes I can create up to 14 in one go, other times it's as low as 9, so it does make a real difference when you time it!

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We use @leo.voter for 100% manual curation of LeoFinance community content along with the claiming of account creation tokens and delegations of 10 HP to each new signup.

I can imagine the addition of microblogging near the end of the month will quickly deplete the RCs of any account with only 10HP (if they are very active). Then again, I'm just guessing because it's been a long time since I last had 10HP so I don't really worry about my RCs anymore.

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It would really deplete the RCs. 10 HP is good for a few comments and upvotes.

At that point, active users would either need to buy more Hive and power up or get a bigger delegation from someone.

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I guess we can pull up the data and see into it? Number of new users who became inactive due to lack of RCs.
The thing is , it is hard to decide what amount of HP is ideal for new users . For someone who is very active and instantly likes the platform even 20 HP might not be enough and for some who is only looking at this as an investment opportunity , 20 HP is more .

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We need shared RC pools instead of relying on the user to have enough HP. That way the active users can stay active without worrying about their RC, while a spammer can be banned from the shared pool. Obviously I don't even know if that's possible since I'm not a programmer.

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Very informative post @leofinance, as we've come to expect. A retired engineer, I am a "numbers guy" and your posts are, therefore, always very satisfying to read. Many say they don't like a lot of detail. Me? 🧐 Ever the "contrarian," I am the opposite ... 😉

Although already a @leo.voter delegator, I think I will use this post as motivation to increase my delegation in the next few days. Some others are about to expire and I just think there is no better option on our Hive blockchain, at the moment, than doing all I can to support the LeoFinance community.

One question (even a link to another post would be great): Has it ever been revealed who the development team is behind LeoFinance? If so, I would love to see the list. It is truly remarkable the pace of "continuous improvement" the LeoFinance development team has been able to sustain, since I read my first "roadmap" post in July. Just going from "strength to strength' ...

Keep up the great work!

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One question (even a link to another post would be great): Has it ever been revealed who the development team is behind LeoFinance?

My guess is they are outside developers, not on Hive but that is just a guess.

It would be interesting to see.

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microbloghing platform will be a breakthrough in blockchain. Short posts will not matter to the community.That is great

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Microblogging coupled with Leo Lightning DB and our latest LeoInfra release will change the game.

Get ready for a wild 2021 ;)

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"We're the most engaged community on this blockchain and I often think that engagement on an author's piece of content is even more valuable than your upvote."

I love that mindset ♡

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Is this something that only works if you have a LeoFinance account? Because I was looking to start delegating some HP to some projects and this one looks nice. I already did 50 HP

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Indeed, the best option to earn and help the Leofinance community reach a new height in terms of the user base.

It's also a good way to lock-up some Hive. It's a no-brainer, I just wished that I had more HP since I converted it mostly with Leopower.

Anyway, all the best for this initiative. Cheers!

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Is it possible to look into dynamic HP delegation ? I am not sure how hard/easy it is .

Ex: If the user comments/votes 5 times on the day he registers , delegate him 20 HP or more.
If the user doesn't seem to be very active , keep his delegation at 10 HP only and if he is inactive for a whole week , make it 0. We gotto make the new users stay for atleast a week , I am sure by then they can see the potential .

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Awesome. Where do I find my LEO earnings after I delegated my HP? Where do I convert it to Hive?

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We have a discord channel set up on the LeoFinance Server called "Welcome to the Lion's Den". This server autonomously announces whenever a new account was created using LeoInfra.

This was a really great idea. We should put our attention to welcome the new users and not let them feel alone :)

Then we also have our new microblogging platform launching toward the end of December and all of the various ad campaigns that we're about to launch to get Twitter users to our site. Buckle up 🚀

Now that's what I call a Christmas Gift.

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I'm really sorry you postponed the release of Leodex v6, but if you have other and better goals, I think we will all be happy with that. Cheers.

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It sounds interesting to delegate and receive LEO if we consider the appreciation it could have...

Should it down my power participation in the blockchain?

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somebody help me, i really can't understand this hive, a lot of different platform. My first day

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This post remind me about this: I need to update myself in order to help the community more.

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I completely misread the whole thing. I thought the purpose was to delegate Leo. Lol! I got it now, delegated some Hive to the @leo.voter account. :)

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