Earn Staking Rewards and Curation Rewards by Staking LEO into "LEO POWER"
LEO POWER is the staked form of the LEO token on the Hive blockchain. When LEO is staked as LEO POWER, you earn rewards and gain access to powerful features on the LeoFinance.io and LeoMobile social media app.
First and foremost, staking LEO into LEO POWER will grant you access to rewards that are paid out in liquid LEO as well as added to your LEO POWER balance.
Staking Rewards Display on the LeoFinance Wallet UI
LeoFinance.io has ad partnerships to display ads on the UI. These ads are seen by the core community as well as the hundreds of thousands of unique external views that LeoFinance gets on a monthly basis.
LeoFinance Ad Partners Display In-Line Content Ads
These ads drive in Ad revenue to the LeoFinance Ad Protocol, paid in the form of Bitcoin (BTC). The protocol uses this BTC to purchase LEO and then deposit it into the LeoAds pool each month.
The LeoAds pool then pays out an equal percentage of the rewards to every user who is staking LEO as LEO POWER on their https://leofinance.io wallet.
Current Staking Rewards APY is Roughly 4-10% Annually.
Staking rewards are accumulated by anyone who is holding LEO as LEO POWER in their wallet. Curation Rewards are earned through active participation in the https://leofinance.io platform.
Both rewards can be earned simultaneously, one does not take away from the other. In fact, the staking rewards you earn are directly related to the engagement on https://leofinance.io. More engagement = more traffic which in turn leads to more ad revenue which means more LEO is bought and distributed to the LeoAds Staking Rewards Pool.
This means that Curation Rewards and Staking Rewards have a symbiotic relationship. We designed our tokenomics in this way to radically improve the game theory of LeoFinance social engagement.
With this symbiotic relationship, users are incentivized twice-over to do the right thing. They're incentivized to encourage authors to write great content and to encourage readers to engage with that content and leave thought-provoking comments. Curators encourage this activity by using their LEO POWER to upvote posts and comments on the platform.
Upvotes distribute rewards from the daily LEO rewards pool (separate from the LeoAds Rewards Pool). The amount of LEO POWER you have staked dictates your influence on the rewards pool. The more LEO POWER that you hold, the greater the value of your upvote.
Upvoting content does not "cost" you anything. It does not remove any tokens from your wallet. Instead, it uses your Voting Power (VP) to distribute rewards from the daily rewards pool. Your Voting Power is constantly recharging at a rate of 20% per day.
For example, if you vote content until your voting power reaches 79%, then you will be at 99% voting power exactly 24 hours later.
Your Real-Time Voting Power is Displayed in the Top Right Corner on LeoFinance.io
Importantly, your VP also dictates how strong your particular vote is. If your VP is all the way down at 70%, it will be less effective than if it was at 90%. This creates a sort of game theory where users want to ensure their Voting Power never reaches 100% (as every second at 100% = lost opportunity to vote) but they also want to ensure that they aren't driving their Voting Power all the way down to 40% because that would mean that each vote is less powerful.
We've analyzed best practices for daily active users vote continuously a few times per day and always keep their VP between 90% and 98%.
- Voting Power (VP)
Staking LEO for LEO POWER does more than give you rewards on the platform. While the APY for staked LEO POWER is over 20%, one of the most attractive parts of it is the influence you get on the LeoFinance Social Platform.
Influence over rewards is an extremely important thing to have. Imagine if you could just stake a bunch of Twitter stock and instantly get a blue check mark and have your name front and center on every single Tweet that you liked.
On LeoFinance, you can buy LEO, stake it as LEO POWER and instantly gain a large influence on the platform. People will follow you, vying for your upvote on their posts and comments. They'll tag you in their content and try to get your attention. When you post, they'll make sure to comment and upvote it.
Onealfa - The Infamous LEO Whale Bought a Large Stake in LEO and Immediately Saw His Influence and Recognition Skyrocket Across the Platform
Influence is about game theory and LeoFinance's LEO Token Economy ensures that the game theory plays out in favor of the platform itself. As users try to stake more and more LEO to gain more and more influence on the platform, they earn APY as LEO and it gamifies their activity.
More influence on the platform means having more ability to run initiatives and increase overall engagement. This increases the ad revenue which means your staking APY is higher in addition to your already higher curation rewards for being a highly active participant.