Staking, Power and Vote Weight Multipliers

The title makes it sound like this is the categorical textbook on these subjects... but it's more about my own journey on the Hive chain: the different things I've learned and how I'm applying them-- and also what I continue to struggle with.

It's all valuable!

I have this bad habit of putting things off until I can make them perfect. When I’m writing an information piece, I find myself getting blocked if I don’t entirely comprehend every aspect of my subject and can express it accurately and economically.

I don’t want to misspeak or misinform… I don’t want to look stupid! But I try to remind myself every day that being truly intelligent requires me to run the constant risk of looking and feeling dumb. We all need to ask questions and make mistakes to get better, to know more.

So I’m doing that with my #HiveTribes.

And yeah… that daily reminder is coming in handy! It seems like every step I take forward lands me a little further back, and I only have more questions. Hive Power, LEO Power, et cetera, curation, delegation, auto-voting, vote weight multipliers…

It’s a lot to absorb in an intelligent way. Let me briefly describe what I’m doing right now, and then the rest of the conversation-- and future posts-- will become much easier. And if I’m making any mistakes-- in either my understanding or execution-- please do point them out.

So I have a 1700 HP total baseline…

• 500 HP delegated to @leo.voter
• 500 HP delegated to @ctpsb
• 500 HP delegated to @hivelist
• 200 HP for my own curation

Each of the three HP delegations earns me a different token: leo.voter pays in LEO tokens, ctpsb pays in CTP tokens, #HiveList pays in LIST tokens-- which then, while staked, mine #HiveCommerce COM tokens. And then my own curation is rewarded with HP and HBD, obviously, based on the 200 HP that isn’t delegated.

And then I have two other important power stakes:

• 260 LEO Power, undelegated
• 1737.25 CTP Power, undelegated

Why are they important? Well, this is where I hang my hat right now… I have chosen ClickTrackProfit (CTP) and #LeoFinance as my two main Hive tribes. This allows me to focus my content, my attention and my personal tokenomics on a smaller target area. It helps me stay on track.

So when I stake the native tokens of these two platforms, my votes for the authors I curate and enjoy can actually be worth something! I think it’s much more important than most average users realize that we get more people participating in the tokenomics of their chosen communities.

I have one more token staked and undelegated, which I’ve already mentioned: LIST. One of my HP delegations pays in this token. It’s more of a whim, but I’m really liking the narrative of Hivelist and #HiveCommerce… so it’s worth a shot for virtually zero risk. I currently have 950.75 LIST tokens staked.

This is where my understanding gets a bit murky though…

Vote Weight Multipliers! WTF?!

I read a post recently in which the author talks about having their LEO vote weight multiplier at 99% and HIVE at 1%. It got me thinking about how to properly distribute the weights to be most effective in my two main Hive tribes…

Not to immediately say this person is wrong-- many of you probably haven’t even considered tweaking these settings on the rewards screen of LEODex-- but it's worth a discussion. Even the footnote on the VWM screen implies that higher multipliers are for the least frequent votes. So I was even more confused until I started testing it.

Even now, I hate to say I have more questions than answers for you at the moment… but these few things I know for sure:

• I know that ALL staked Hive Engine tokens will constitute part of your vote. So 99 and 1 is not possible if you have more than two tokens #staked.
• I know you can go no lower than 0.1% for any vote weight (which might mean that you can’t go higher than 99.9%, but I haven’t tested the high end).
• And I know that higher multipliers DO INDEED have a weighted effect… if LEO is set to 50% vote weight multiplier and other tokens set lower, my LEO power depletes much quicker.

So here are my current settings:

• LEO-- 38.5%
• CTP-- 33%
• LIST-- 10.2%
• 8 other tokens-- 0.1% each (0.8%)

And that leaves 17.5% for my HIVE vote.

In theory, that is... I haven’t figured out where to see or adjust this vote weight multiplier setting for HIVE. The only app I know of that allows me to do this, actually, is LEODex-- but only for Hive Engine tokens… not HIVE itself. So I'm assuming that my HIVE vote weight would make up for the remainder of my 100%.

So that is how my curation rewards are weighted when I vote for my favourite writers! I do most of my curation on LeoFinance and ClickTrackProfit-- and I plan to use Hivelist for gigs and classifieds-- so I want my staked power on these platforms to be a big part of my curation rewards picture.

I hope I'm understanding this correctly. Please do let me know in the comments if you have deeper knowledge of these settings. The current layout seems to be working for my voting pattern, I will say… powers are being used at rates I would expect from the way I’ve understood and described it.

In Conclusion: with great (LEO, CTP, LIST and HIVE) power comes great responsibility. Look toward the east upon first light (and cast your votes) or you shall not pass.

If you want to learn more about these topics, I suggest starting with this QUORA THREAD and this older HIVE BLOG POST about the rewarding.app auto-voter (which I actually use for some of my manual curation). These may seem like strange suggestions, but they helped me a lot. And here is a brilliant VMW STRATEGY POST by @ctpsb, which was offered here in the comments. I'm very grateful, and I hope it all helps you too. Peace out for now (you sexy, decentralized misfits)!

Posted Using LeoFinance ^Beta