Renewing Leases
When we started the Liotes project, we collected a lot of Hive during the first days of the launch sale. We then delegated this Hive Power over dlease mainly. After about 3 months, we have now some of these leases coming to the end. The offers on the dlease market at the moment are not that good and we decided to delegate a bigger part of the liotes.fund to @leo.voter which pays around 16% APR in LEO token.
We believe that LEO is quite cheap at the moment. So by delegating we would get a bigger quantity of LEO and this could be beneficial in the long term. We also decided to delegate some of the Hive power of the @liotes.fund to our own @liotes.voter.
Double advantage
Since we pay about 12% APR on the delegations to the liotes.voter, we get about the same return as if we delegated on dlease but we have two advantages if we delegate to our own voter account. First of all, the @liotes.voter account is growing in Hive Power and can give more powerful upvotes to the members of our community. The second advantage is that contrary to dlease, the lease won't run out and stay unproductive for 5 days.
The income from this delegation being covered with the curation rewards that we generate, we believe that this will be a real improvement for our economy in the long term.
The secondary layers are growing nicely
Even if we had a little bit less income from the primary investment layer, the secondary investments are progressing nicely. In one week our VIBES stake increased by 20%, the CTP stake by about 10% and the LEO stake by about 5%. This looks pretty good :-).
Liotes
A project run by @ph1102 and @achim03
Resources
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