More Details About RC Delegation Leasing

7d
LeoFinance
3 Min Read
549 words

I talked in yesterday's post about the new leasing features added to Hive-Engine, particularly of interest to me the RC delegation leasing one.

In the meantime, I tested the system some more on the RC leasing part, and I'll share some of my discoveries.

First of all, I start from the premise that more account creation tokens are kind of useless to me, as an individual not running an application or service that onboard people to Hive. I already have 100. What exactly am I going to do with more or even with these 100? They are not tradable and from previous core devs discussions on the topic, it's unlikely that work will be done to make them tradable in the foreseeable future.

Maybe some people would see ways to use those 100 account tokens and much more, including by creating new accounts with potentially highly demanded account names to sell afterwards, but I probably won't go that route.

So, I'd much rather lease out my RCs to those needing them.

With that idea in mind, and before there is any real APR discovery phase, I filled many of the existing RC lease requests on the market for a minuscule APR.

image.png

Just so you know, the duration listed on these lease requests is the max duration after which the leased RC doesn't provide any APR (unless extended, maybe).

You can undelegate your RCs at any time, it's not a fixed-term contract. I already did it with one of them, just to test things out.

Another thing that you need to know.

There is no cooldown period after undelegating RCs (unlike in the case of HP, where there is a 5-day cooldown before you have your HP back), but here's what happens:

  • your max RCs increases immediately after undelegation
  • your RC mana doesn't increase, it will replenish over time

Max RC is like a water tank. Except one where its capacity can change, which makes it kind of an unusual analogy with the real world.

RC mana is like the water that fills the tank. Consume it and the level lowers. Wait and the level rises again (from rain or whatever source fills that water tank).

So, for example, if you have your RC mana at 100%, 10t max RCs, lease 2t RCs out you remain with 8t max RCs and RC mana remains 100% (but lower, because it misses the mana associated with the 2t max RCs leased out).

If you immediately undelegate the 2t RC leased out, your max RCs return to 10t on the spot, but your RC mana is still the equivalent of 8t RCs in mana. The returned 2t max RCs worth of mana will recover over time.

Something else you need to know.

As far as I know (but haven't tested it), you need both max RCs and RC mana to be able to delegate RCs. So, for example, you can't deplete all your RCs and then lease 2t out. Because you no longer have enough mana for 2t of your max RCs.

I hope it makes sense!

Personally, I filled many of these lease requests, for now, to get the process going (and to test it out). But the APR is not satisfactory.

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So, I'd much rather lease out my RCs to those needing them.

That's really good to help out those who need them the most, particularly those who are newcomers or who do not have sufficient HP/RCs.

There is no cooldown period after undelegating RCs (unlike in the case of HP, where there is a 5-day cooldown before you have your HP back), but here's what happens:

Informative. I was not aware of this.

Thank you.

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Now there is an option. One can buy more HIVE and power it up or lease RCs from those who do/did that.

Informative. I was not aware of this.

I think I read about it from howo, but I remembered the exact details after testing it myself.

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as you said you already went through the process: What is expected to happen after clicking on the fill button? -If I hit the fill button only a countdown for another 5 minutes does appear. Contrary when I try to give some HP away. Then there is a pop-up in Keychain asking for permission.

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I think the two requests from the account with sps and dec at the end might be broken somehow. I tried them too now and received this error on both of them:

image.png

Try with the request from the account ending in wax, it seems ok, but I didn't finish the process or I would have filled the lease instead.

That's what should happen, what you described: you should be asked permission in keychain to complete the transaction.

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hmm... thx for trying! not I know at least what COULD happen. Unfortunately here it does nothing :( even when trying the account ending in wax

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Maybe there's a bug to fix, I'm not sure. When it was working, it was working, I can tell you that, lol.

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But the APR is not satisfactory.

This is another APR on top of the existing HP rewards... any little is a plus ... it might increase once the bulls are back :)

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I agree. I was thinking more in terms of 1-2% in bear market and 5%+ in bull market. Maybe I'm too optimistic, lol.

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Thank you for the further explanation. Leasing RC sounds real good

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Leasing RC sounds real good

I certainly think so.

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Thanks for keeping me updated. This is really good information to know.

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1

Yeah, I believe RC leases will be quite a big thing, especially in the bull market.

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@arcange @leofinance @threespeak @wrestorgonline
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Interesting information, Adrian.
Thanks for running the tests.

!CTP

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I was running them for myself anyway. Thanks for dropping by, John.

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Thank you Gadrian!
This makes more sense than it did 6 months ago.
Have a nice day and evening.
Barb 😊
#thriveonhive

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1

Things almost always make better sense the more time you are involved with Hive.

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@arcange @leofinance @threespeak @wrestorgonline
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Seeing VERY LITTLE demand for RC at the moment. Not sure anyone really needs it just yet. Hives chain needs to get a lot more busy before RC starts to kick in again and I think most places would rather just stack the hive right now at these low prices.

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Big player don't need it for sure, and average folks like me have enough RC to do whatever they want to do. The only use for this is helping out new accounts, which is awesome. I can delegate my unused RC while keeping my HP.
!PIZZA

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It's a good point that the big players would rather amass more HIVE at these prices rather than lease RCs. Some may prefer not to do that if they are not interested in HP, but I don't think we can expect any serious APR during the bear market.

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It's nice to know the details about it. What happens if you have a 2t delegation, cancel it then delegate out 2t again? Would the current value drop another 2t from yours or will it go from the one delegated out?

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1
6d (edited)

Say you have 10t total max RCs. If you delegate 2t, you have 8t, but you also delegate the mana associated with 2t max RCs. When you cancel the 2t delegation, you get back your max RCs immediately, but not the mana. So, you have the max RCs back at 10t, but the mana corresponds to 8t if it was full at the beginning.

When you redelegate 2t, you will have 8t max RCs again, but mana will drop to the corresponding 6t max RCs mark because you delegate another 2t worth of mana from the previous 8t level. If you wait, of course, the mana recovers.

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Lease requests? Where can I see that?

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Join us in Discord!

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I can get more Swap.Hive to invest into income tokens and keep rolling that over. For that, it might be worth it.
!ALIVE
!CTP

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@gadrian! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @lisamgentile1961. (8/10)

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Good Morning and Thank you, @youarealive! Enjoy your day.😀

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Yep, that's a way to use it. What's interesting compared to dlease is that the returns are in swap.hive too. So, you won't need to deposit HIVE to Hive-Engine and pay deposit fees when you need it, the return is kept on their platform.

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Definitely a good benefit. Even though the fees aren't much it's still very nice not having to worry about them.
Have a great day, @gadrian!😀

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Exactly. Have a great day, Lisa!

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Thank you again and enjoy your day, @gadrian😀

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Great info! Thanks for sharing what you found in your experiments! I've been very curious about this! 😁🙏💚✨🤙

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You're welcome! Let's hope this market will pick up some interest, if not now, maybe in the bull market.

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Indeed! I know Hive and everything within it will explode at some point. Sooner rather than later would be cool, but regardless I'm all in for the long haul! 😁🙏💚✨🤙

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