Sometimes running the SGS Community Curation Account is easy and for the most part our Precious runs herself. Our established authors understand her quirks and are pretty cool to deal with when there are occasional issues...but sometimes it’s a bit trickier than I’d like it to be. At the moment I am having trouble with maintaining her Hive Power.
Our preference is always to Lease Hive Power from within our own Membership because the 13.5% APR that we offer is excellent and it’s good for SGS if our members benefit from that great value. However our members are a bit tapped out at the moment and so we do take leases from outside the membership with a minimum of 5K to reduce management overhead. Recently we’ve even gone back to DLease to try to source the extra Hive Power that we need.
DLease comes with some challenges such as managing Cash Flow and Liquidity to pre-pay for a longer term commitment. I mentioned recently that we have Precious Leases Expiring on DLease and I was hoping to shift those leases Off-Market, but I haven’t be able to do that. Then I was hoping to replace those leases with other Off-Market leases from within (and beyond) our membership...but I haven’t been able to do that either. Lastly I was going to just extend the Existing Leases on DLease Week-to-Week...but that hasn’t worked either because they’ve been having technical issues! What this means is that we have just dropped another 10K Hive Power today and if DLease can’t sort out the technical problems they’re having then we might drop a bit more in the coming weeks.
It kind of sucks to be honest because we do have some spare savings on the Community Account to sustain our elevated Hive Power but we can’t really source reliable and trustworthy leases at the moment. Bear with me while I try to sort it out and just please be advised that we may drop a bit more Hive Power until I can find a good solution. On the bright side, at least we are saving some funds in the interim!
