$LEO Curation or $WLEO Liquidity Pool - Which is Better?
In this post: https://leofinance.io/@khaleelkazi/pdrjenja khal goes through the geyser payouts and he happened to have picked my account to demonstrate returns. But that doesn't quite answer the question that I had.
Now that the first geyser rewards have been paid out, it's time to figure out which was the better move: keeping native LEO and curating posts for rewards or pooling and making fees + geyser?
In this video I go through the math of both my actual position and what I might have been able to do if I had kept everything native.
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More info why you see this here.
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Very clear explanation, thanks! Speadsheets are great for these kind of calculations :)
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Glad it made sense
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As they are pretty close, they differ from the work put in. Curation implies building the community up, where the liquidity pool is more a passive endeavor.
For the growth of leofinance.io it is important to have curators that are active, for the growth in value on the other way the liquidity pool is important. If someone can balance a fine split between them, that would be ideal.
Thanks for the analysis.
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That's true. Curation is definitely more active. We need both though. The liquidity pool is how we get market exposure to the world, which is its own form of marketing.
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Agree, curation is more active, as low stake members are getting more of it.For the pool to be profitable, bigger chunks are needed to go in, so that the fees shall not kill the margin. Maybe instead of burning some Leo, they shall be used to create some volume in trading to cover the fees. Just an idea..
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Both are important. The pool will help raise the value of LEO by exposing it to ETH. So, offering passive yield farmers a good yield makes a lot of sense.
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Yes, both are, they are different from approach and revenue model, but both bring value in.
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Curation takes more work, but has more payout.
Even if they technically pay the same number of tokens, there is a huge value to building one's social network on LEO. When I upvote posts and comments everyone sees my name. It's free advertising of my brand.
It's possible to get upvotes on LEO and Hive that I wouldn't have gotten otherwise. People will follow me who otherwise wouldn't have, and when I launch dapps or promote my @hextech witness team more users will support us. The value of this is pretty high. It is a largely invisible and long-term investment.
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True, in the age of the attention economy, curating brings more in the end. Also with the upvotes from others, you are fully right, as they increase the ROI.
Also smart move on naming the witness, now you got a new voter. :)
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That's some solid analysis - couldn't you have just worked out your actual curation return based on your current stake using Hive Stats though? To get to your own curation habits?
That's a fair point about having a bit more exposure to Ethereum, I'm tempted to PD and stake a little more on that basis, but I do just like my stake!
And the gas fees are SO off putting.
You got a great deal on those.
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Hmm, that would have been a good idea lol.
I think that function on hivestats is still down though. I'm just getting Loading...
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Oh, even with Hive-engine, I'm used to the actual Hive stats not working, but usually the HE tokens are good.
Of course it only works if you've only got LEO earning for you, because it calculates ALL HE token earnings in LEO (and Hive and Fiat).
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Wouldn't that also mix in author rewards?
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It differentiates between the two, author and curation, but if I remember correctly you only get the total amount in LEO and then the dollar amount for the different earning sources.
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Actually another, even easier way of doing assuming you've had a stable stake it is just scroll down your day's curation rewards, get the average for all the posts you know you voted at 100% then * 10 * 365 / stake * 100
to give you yer max potential return - I just worked out mine which seems to be 18%.
So I just started an unstake to add a bit more to the pool!
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I'm averaging about 15.3% over the last 24 hours. Definitely better to pool for me.
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It's a fun game to play! Bit more marginal for me, but time to pool a bit more for sure.
Talking about that I just bought a maxed Llama mage and Hydra, I figure that's probably about as much fun as you can have with 'last stand'. Just have to wait for cool down to pass to try it out!
One game I don't enjoy playing is the 'wait for the gas fees to be 'reasonable' game.
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It was easy to understand (better) how things work now.
Great work, @nealmcspadden.
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Thanks!
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I prefer curation because I don't have many leo but I can grow my community with them by creating
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Yep, for smaller amounts that is the way to go.
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Thanks a lot for explaining! As e beginner in the community this was very helpful!
Once I get the rewards from my posts I'll start curation and the other part I'll be just holding as it is!
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Sounds like a plan!
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Thanks @nealmcspadden for the analysis and details with samples, I will go with $LEO Curation. very happy to see you getting TORUK from @onealfa.leo.
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Yeah, that's pretty fun. I hadn't noticed the TORUK initiative until now.
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Thanks a lot for the numbers. I didn't join the liquidity pool because the GAS fees were prohibitively expensive for someone with a small portfolio like me. I thought it might eat into profits and stick with having fun reading and curating on LEO.
Looks like both are in the same ballpark in ROI. I'll stick with the more fun activity of curation then :)
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You made the right decision. Gas fees are a serious issue.
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Can't wait for a Uniswap like Dapp on Hive. I've got my RC at 100% all the time. It's not enough to claim accounts. Free Tx on Hive with RC would be amazing!
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I know aggroed has talked about that for hive-engine. Not sure they are actually moving forward with it or not.
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They'll need to reach 23,348,102.693 HP in proposal votes to really start moving with the project. I hope it'll get funded ASAP. It'll be a game changer for Hive IMHO:
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As for me, I like more Leo Curation.
I can't so much WLEO Liquidity Pool.
I wrapped 40 WLEO since Geyser launch.
But, I haven't any benefit now.
That can be also my fault.
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Yeah, the LP thing is really for larger amounts. With gas fees being what they are, it's very hard to justify pooling 40.
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Thank you.
So, should I do unwrap that WLEO?
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nice
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Very good video and information. Thank you very much for this valuable information. :-)
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always stake to LEO on hive, the erc20 is more like... a kiosk at the mall... khal needs them and for peopel to man them to get that mall liquidity action
but dont spend all ur money on kiosks lol
I see WLEO as more of a business overhead cost! let the eth whales provide liquidity, stick to leo on hive (Untill we get PLEO on erc20 and PHIVE and Pswap.hive etc ) PLEO on EOS and telso will be huge for scalability
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I understand that moving on uniswap is important but curation is a better deal with autor and the curator.
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Cool video and great information shared :)
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