Earn Liquid Yield on HIVE POWER | 16% APY
LEO 2.0 is now in full effect. The team and community aligned to make a full scale change to the way that the LEO Token Economy operates. Now, LEO is:
- Supply hard-capped to 30M tokens
- 0 inflation
- Buybacks from 100% of protocol revenue
- Deflationary from Bridge revenue
These are the 4 key highlights for LEO 2.0 from a tokenomic perspective. Since LEO 2.0 went live, LEO is already up nearly 300% in price. The price hasn't stopped grinding higher and a big reason for this is that the entire LEO economy is now driven by buybacks. 100% of revenue on LeoDex buys back the LEO token for Protocol Owned LEO (POL) while 100% of the revenue on INLEO buys back the LEO token for the System Income Rewards Pool (SIRP).
In this post, we'll talk about another critical change to the LEO Token Economy that just went live last week: HIVE POWER delegators to @leo.voter now earn 16% APY for delegating HP to our community curation initiative.
Earn Liquid Yield on HIVE POWER | 16% APY
The new @leo.voter delegation system is officially live. This allows you to earn daily LEO payouts for HIVE POWER delegations to @leo.voter.
These payouts are a static 16% APY for all delegators. A major change from LEO 1.0 to LEO 2.0 is that delegators are now paid from the SIRP.
The SIRP replaced the inflationary LEO Rewards pool model.
The SIRP is entirely funded by buybacks of the LEO token. In simple terms:
- HBD is earned by @leopool as users who subscribe to INLEO Premium pay for it using HBD
- Creator subscriptions revenue is paid for and earned in HBD
- LeoAds is paid for and earned in HBD and other stablecoins
- Curation Rewards are earned in HIVE
- Beneficiary rewards earned by @leofinance (when users set us as a beneficiary for using INLEO) are earned in HBD
- Etc.
100% of all these above methods of driving sustainable revenue through https://inleo.io are then pooled into the @leopool account. The @leopool account autonomously buys LEO on the open market on Hive-Engine (Order Book and Liquidity Pool) and then distributes it every day to the @leo.tokens account (the @leo.tokens account are where SIRP payouts happen).
A % of these buybacks are sent to the @leo.bounties account. This % is earned from the SIRP by HIVE POWER delegators and funds the 16% APY that HP Delegators are earning. You'll notice that anyone delegating HIVE POWER to @leo.voter are getting paid daily tokens from @leo.bounties at 12:00 UTC on the dot.
Solving Issues From LEO 1.0 and Paying in a High Value Asset
Some of the issues we faced with LEO 1.0's delegation system were:
- Inconsistent payouts
- Missed payouts
- Complexity on staked/liquid payouts
LEO 2.0's delegation system is completely rebuilt from the ground up. It is an entirely new project that pays delegators every single day from the fixed pool of tokens that flow in from @leopool to @leo.bounties.
You'll notice that payouts happen at exactly 12:00 UTC every day and 0 payments have been missed since this system went live. The new system is incredibly robust and if a payout is missed, it will continue to retry until the payout is successful.
We listened to the community's feedback from LEO 1.0 and the following were most important:
- Reliability of payouts
- Consistency of yield
- Clarity on liquid vs. staked (now, only liquid LEO is paid out)
The Benefits of Delegating HP to @leo.voter
There are so many benefits to delegating your HP to @leo.voter. From a personal standpoint:
- You get paid liquid LEO yield every single day (as opposed to staked HP)
- You don't have to do anything. Simply delegate HP to @leo.voter and watch as payouts start rolling in every day at 12:00 UTC on the dot
- Get paid in an asset that is appreciating: this adds to the yield you earn. Not only are you earning 16% APY in liquid tokens every day but the token (LEO) you're getting paid in actually appreciates over time. Now that LEO 2.0 is in effect, you will see that LEO rises in value over time as buybacks continue to put pressure on the price and Bridge revenue removes LEO from circulation. The supply of LEO is already approaching 29M and will dwindle over time, making the non-burnt LEO tokens more and more valuable
- Support the INLEO Ecosystem of users - we curate threads and blog posts on INLEO using our HIVE POWER + LEO POWER. These curation efforts drive more users to utilize the platform daily which increases our 5+ mentioned revenue streams. This creates a positive feedback loop that grows the value of LEO over time
Liquid Payouts Await!
Your liquid, daily payouts of LEO await! @leo.voter pays the highest yield for HP delegators on the Hive blockchain and we do so in a way that is uniquely sustainable and drives real value to the Hive ecosystem (which in turn, makes your HP investment worth more over time).
Delegate to @leo.voter and start earning TODAY! If you delegate now, your next payout will start right at 12:00 UTC 🦁
Posted Using INLEO
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16% APR is awesome, and I have already delegated.
I have been a long term delegator. Keep sending those daily $LEO!
$WINE
Thanks for making this option even more reliable, will consider increasing my delegation again.
Thank you for the support!
What about the LEOM rewards? The LEO miners where supposed to give rewards.
Any news on that @khaleelkazi @leofinance ?
I've stopped receiving them.
Yes you are, check again
LEOM and MM earn a share of the SITP pool and are paid from the SIRP Pool, like all other rewards. Daily from @leo.tokens
Hey @khaleelkazi thanks for the answer. Glad to see you are still giving the LEOM rewards using a share of the SITP pool.
As you can see in the image below, they are not being sent daily right now.
The SIRP pays daily however mining rewards work the same way they always worked
They are a lottery ticket system. If you own them, you sometimes get the pleasure of "mining a LEO". This means you earn them in randomized intervals
They work identically to how they always worked and they can always be sold back to the market if you don't like the way they operate in LEO 2.0.
Please read @leofinance blog posts if you'd like to stay informed.
Thanks for the answer.
I tried to find LEOM and LEOMM information in the posts but I was not able to find it, that's why I asked.
There's a massive change in rewards, it was 10-12 LEO per day, and now in the last 5 days I got 1.25 LEO.
On the other hand the price of LEO has done a x7 in price which is nice for the hodlers.
I understand the whole LEO 2.0 changes in tokenomics to make ecosystem sustainable.
o.o congratz on fixing the problem. does leo voter take leo power delegations as well
No LP delegations but I have heard LeoStrategy might launch a service 👀
Feels weird that you guys don't take your own token Leo for delegations as Leo power. Does that mean hive power > Leo power?
look for me delegate hp to leo.voter is the best option because in other communities i must send over 1000hp to get a few rewards and the rewards system from leo is super quick :D
I'm in.
I don't delegate much because I like my little UP Vote to be as big as possible. But this 16% yield in $LEO #LEO tokens which are currently appreciating for good reason in my opinion, made me decide to delegate a little HP to @leo.voter
Best wishes to everyone involved in #LEO!!! 😀👍
How do I delegate HP to @leo.voter I would like to delegate some HP
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