I have been delegating HP to Leo Voter for a long time and my first-ever delegation was done on Sep 12, 2020. That time I don't remember what amount I delegated but I can clearly state what was my expectation that time. I wanted to have more Leo tokens which I can accumulate to increase my Leo power, and this is because Leo has been one of the valuable projects on the chain. There was a time when this Leo token was worth $1 approximately in the last market bull cycle. I expect that this is possible again however it might take some time and again we don't know when we are going to enter the bull market cycle again. It will happen but not sure whether this will be happening this year or the next year because it is hard to predict the next market bull cycle movement.
22% APR is Incredible
Recently the Leo team has announced that now they will be paying up to 22% of APR with certain conditions. These conditions are quite easy, and one can easily follow and I'm eligible. They have introduced three tiers offering different APR.
The base APR of ~13%, paid as liquid LEO daily to your account.
20% APR, paid as staked LEO daily to your account.
22% APR, paid as staked LEO daily to your account.
- TIER 1- 13% APR is paid when we opt for a liquid Leo reward and there are no criteria to follow because this is straightforward, and anyone can earn just by delegating Hive Power. This is good enough because through the traditional curation APR, we can earn about 9 to 10% however earning 13% is quite high.
- TIER 2- We can earn an APR of 20% and we just need to switch the reward from liquid Leo tokens to staked. There is just one action required for us to follow and we need to visit the dashboard option where a button is provided to switch the reward to staked. Once you do this then you are eligible for 20% APR and this way, we can add 7% additional APR to the reward.
- TIER 3- For this tier technically there is no action required from our side because it applies to anyone using a premium subscription. I mean to say if you are a premium subscriber of Indio then you are eligible to get this 2% additional APR and in total, you will be getting 22% of APR on your delegation.
My Dashboard
I am happy to share that I have already enabled 22% APR for me. I am a believer in Leo and I have been trying to grow my Leo power for a long time. I am happy that now with this increased APR, I should be able to grow my Leo holding faster. I have been participating in LPUD events as well so that I can power up more and this will ultimately help me to grow the overall Leo power holding. Earlier it was 16% APR where I was getting the tokens in liquid form and later I was required to power up these liquid tokens. Below is the snapshot where you can see that I have already enabled it and it is showing the current APR and whatever tokens I am getting as daily and monthly payout.
Now it's good for me because whatever I earn through the delegation will be added to my Leo power holding automatically and there is no manual intervention. I have no plan to power down and even not planning to sell anything hence I can say that this change is good for me and anyone who is planning to grow Leo Power must be happy and will be enjoying this significant apr just by making a switch.
LEO Market Price
Here I'm sharing the snapshot of the Leo token price in the market and the current price is almost $0.06 for the Leo token. I think this price is pretty good however is still a good opportunity to buy more from whoever is interested because later on it can be more valuable. Ultimately earning more tokens through the delegation is a great idea and worth doing if you are trying to grow your leo power. Even you can also do this to grow your high power holding because you can swap these Leo tokens for high and this way you can grow your overall HP faster.
This tier 3 option is an option that can be called auto stick where no manual intervention is required to power up. Although whoever stays in tier one will have liquid tokens that can be powered up on LPUD, I believe I can buy some tokens for LPU D and it is good to go with auto stake format. This 22% APR is incredible and shouldn't be missed out however I also hope that many Lions will come forward to join this fantastic APR league and enjoy this increased reward to grow their Leo power.
Thank you
Posted Using InLeo Alpha
