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LEODex Compounds Tribe Rewards

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@cmplxty
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Hi fellow Lions,

The other day I learned something awesome! LEODex!

Compounding Rewards

One of the hardest things, first world problems of course, is to earn lots of different tokens across the chain but have the voting power associated with those tokens just sitting idle not earning potential for you! Thankfully the incredible team at Leofinance killed it with coming up with a tool that’s been around for a while but I know probably a lot of people don’t know about! LEODex! The tool, as the name suggests, is a decentralized exchange for things like tribe tokens and others. What I didn’t realize though, nested into that was the ability to compound your rewards for the different tribe tokens by adding a vote weight multiplier! Sweet! Huge thanks to @erikah for this revelation!

What I find great is that I have a lot of stake, for me at least, in various tribes like palnet, neoxian and some others since I bought quite a bit of the tokens in the past few months. I did it to help out the projects but also give me good ability to reward lots of different ways instead of just a hive power vote. This was great except when it came time to making sure that the votes I was giving out were proportional to the power I have without being too strong, draining my hive voting. I ended up creating a few alt accounts and tried the auto voting that some people do for the tribes and it was okay but not really that good. I wasn’t really getting the rewards I thought I would so I eventually stopped two of the accounts but I keep my lotus alt account voting on their content because they are incredibly active with posts and voting so my voting power is never at 100% with them. I’ll take that win!

What I’ve found I really enjoy, besides manual curation, is following the voting trail of Curangel. It allows my voting power to be used and spread across many accounts on the chain thanks to the great curators for the group. That also means that my hive engine tokens actually come into play and get used with the votes! I was very happy with that so I left my auto voting on their trail as a way to do what I’ve wanted to do. My voting power in the tribes was still pretty high though, so I’m grateful for the leo team and Erika letting me know about the DEX here!

When you are logged into the website LEODex, you need to go to rewards at the top and this is where you can set the rewards multiplier on the right side, the little lightning bolt thing. I set mine pretty high on some tribes that I don’t vote in often so I want to make sure that my votes are hitting 100% as often as it can. I’m going to keep an eye on all of my settings here for a few weeks to fine tune them but damn is it cool to be able to control this type of stuff now!

Not trying to be too much of a fanboy but it’s really cool to be involved with projects like this where we can set up the great groundwork for an infrastructure that can support all kinds of different features and make things seamless. Having stake in lots of tribes and projects is awesome but add to that the ability to sufficiently use our voting power in every way so that we use those rewards is incredible!

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Posted Using LeoFinance Beta