Would you use a LEO token leasing service?

Hello, LBIer's. I hope you are doing well. This Thursday I would like to get some feedback on an idea I've been thinking about for the past..before LBI was launched.

Before that, a quick update from last weeks post about the LBI content team getting 2 weeks holidays are year to take as they please. So the feedback on the post was excellent, I do read all the comments on the posts even if I dont reply. Let's be honest here, how many quick back to comments. So the feedback was great, sadly some people think they dont have the knowledge are, are capable to write content for @lbi-token. Writing for LBI is not hard, you just wing it. Do you think I knew what I was gonna write about today/now when I sat down 10 minutes ago? If your personal content engages users, you are worthy and have the skills required. Plus it would only be the max of 3 days so 3 posts. We have 3 content team members, 2 weeks per member is 6 weeks per year. 6 slots. Hetty posts 3 times, I post 2 times (excluding weekly report) and Task posts once. Covering taskmaster's content for 1 week is 1 post, how easy is that? I mean that's nothing. Sorry if you reading this Task, your irreplaceable but I have to make a point here 😉

Anyways, the feedback was good and im sure people will step up when we put out a post saying something like Hetty taking a week off in 2 weeks. Who wants to step up to save us from losing 50% of our LEO and HIVE content rewards for that week. Oh yes, im not under guilt-tripping people into doing stuff. It's a dirty move, i'll admit but not one I use often. Thought I'd throw that out there as I never replied back to the comments last week.

The idea This is something that I think was on the LBI roadmap, I can't remember on which edit, haha. But I think some will remember this. The idea was to create in the simplest terms dlease for LEO instead of HIVE. Create an LEO leasing service. I've never written a post about it because I did not what someone to take the idea but lately I've been thinking it's a good idea on paper and maybe not such a good idea when put into action.

The reason for never looking into it properly is I had a source telling me that Khal had already thought of it and was working on a leasing market for LEO making my idea something not required as the LEO team normally release what they say. Thing is that was over 6 months ago and I've never seen in a post from the LEO team that they were working on a leasing market. A few weeks back, I thought this was worth looking into again as I'd like to add another LEO based project under LBI sometime soon and this seemed like a great idea. I'd thought it could produce another income for us. I've be been looking at the numbers and im starting to think maybe the user numbers are not there to make the work and $ required worthwhile.

It was a great idea until i run some number through excel

To start with, there are 370 million HIVE is circulation compared to 9.7 million LEO. The top 10 LEO wallets hold 4.95 million LEO. Half that account is wrapped to either ETH are BSC. Half a million are burned, 840k are in wallets that will never power down and 1 million are in user wallets.

With around 4.75 million in circulation from wallet #11 to the last, It looks like there is not enough LEO in circulation to make this a successful project. What percentage of that 4.75 million would be leased out by users? What about 1 in every 50 LEO from the 4.75 million, that's only 95k and 1 in 50 is generous as well. So we have 95k LEO on the leasing books. If we earn a 1-5% APY from that each year for fees, it's only 950-4750 LEO per year. CUBlife as an example to compare takes almost no effort to run and is currently making LBI 8-9k LEO per year while producing a 70-90% APY.

This idea is something we can keep on the back burner and could be a great one in few years time to release when LEO has grown, more tokens are in circulation, more use cases are added, etc, etc. Dlease works for HIVE because there are so many on the market and there are more total users as well. LEOfinance is 3 years behind HIVE in terms of user growth are decline if you've been here long enough. Little joke there but 😅 for real.

I still think it's a good idea and it would get used by some people but as a hobby project for someone and not an investment project for LBI, it's not right for LBI right now. I had also thought about private leasing out some of LBI's staked LEO but no point as we are curating with it,

Thought I would share it with you guys anyway and get some of your feedback. Would you lease LEO to earn more from curation are would you put your LEO up for lease for a few percentages under curation earning percentage? Again I think it's a really good idea on paper and LeoFinanace is just not ready for it yet. With all the above said, i do like as an investor that LEO is just over 2 years old and there is under 10 million tokens in supply.

Thank you for taking the time to read through today's post. Im a little bummed as I'd been thinking of this a while and if I'd only thought about it properly, i could save myself from a bunch of hope. Let me know you think, would this are would it not be worth setting up. Might cost $1000ish to set up and $10-15 per month to maintain in server costs.

Have a great day

Posted Using LeoFinance ^Beta