Poll: Proposed Change to Our Payout Strategy

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Sorry for the mass ping but this post is very important for every single delegator of DIYHub!

We hope this message finds you well. As a collective, we strive to continuously improve and adapt to better serve our community and fulfill our mission. With this goal in mind, we are considering a change to our payout strategy, and we value your input in this decision-making process.

DIYHub is a non-profit curation service, committed to paying out 100% of our curation rewards to our delegators. However, we are considering changing this payout rate from 100% to 80%. In this post, we'll discuss the reasons behind this potential change, and we invite you to help us decide by voting in the poll below.




Why We Ask For Your Vote

Curation rewards are the primary source of income for a curation project like ours. While many other curation projects do not pay out 100%, or any, of their rewards, our commitment to distributing 100% of curation rewards has been a key selling point for our delegators. However, we must confront the reality that we lack the necessary funds to accelerate our project's growth. This is why we are considering reducing the payout rate from 100% to 80%.
Our Authors
Unfortunately, our contest announcements, interviews, and update posts do not generate significant income.

Especially disappointing is the lack of engagement with our update and interview posts, which only generate 1-2 Hive per post. This low return is not motivating for our authors, considering the effort required to produce these posts.

We believe their work deserves greater appreciation and better incentives. Increasing our motivation and activity in writing requires more substantial rewards.

Our Contests
Our lack of funds also prevents us from hosting contests with larger prize pools. Although we frequently collaborate with partners who sponsor these prizes, our ideal situation would be to independently pay our authors and still have enough excess to reward contest winners.




What we would use the 20% for?

  1. First and foremost, our authors deserve a fair reward for their hard work on contests, interviews, announcement posts, and curation reports. To achieve this, we propose allocating 10% of the curation rewards for this purpose.

  2. Additionally, we aim to save up contest prizes in our HBD savings account and use them recurringly to sponsor contest prizes. We propose allocating another 10% of the curation rewards for these prize pools.




How much is 20%?

Receiver% of the rewardsHIVE per week
Delegators
80%
56
Authors
10%
7
Contest Pool
10%
7
We generate an average of 9.89 HP per day in curation rewards. For simplicity, we'll use 10 HP as our daily curation reward, which amounts to 70 HP per week. Since we pay out the rewards in HIVE, we'll continue with HIVE instead of HP in our calculations.

We hold our contests on a monthly basis, which means we would have an additional 28 HIVE to allocate to prize pools each month. Although 7 HIVE for our authors may not seem like much, compared to 0, it represents a significant increase in rewards for our hard-working authors ;)




Please Vote on The Poll

As a collective, we value community input and transparency in our decision-making process. We want to ensure that every member has a voice in shaping the direction of our project. Additionally, we deeply appreciate the trust placed in us by our delegators, regardless of the size of their delegation.

Therefore, we will be pinging every single delegator with this post to gather their thoughts and feedback on the proposed changes. Sorry for the "mass ping" but we think you should decide and there is no other way to place this poll on your desk:

hmvf@hmvf jnn10@jnn10 acguitar1@acguitar1 achara1202@achara1202 aiken666@aiken666 akumagai@akumagai amiegeoffrey@amiegeoffrey anafae@anafae ana-maria@ana-maria anna-newkey@anna-newkey aresteris@aresteris bajadera@bajadera bambukah@bambukah baycan@baycan bil.prag@bil.prag blkchn@blkchn mystic.realms@mystic.realms brianbrogan1960@brianbrogan1960 chuch@chuch condeas@condeas cryptospa@cryptospa dafne25@dafne25 danielhuhservice@danielhuhservice davideownzall@davideownzall dayadam@dayadam deathstarer7@deathstarer7 deepu7@deepu7 diosarich@diosarich dizzyapple@dizzyapple drax@drax dtube.forum@dtube.forum elizacheng@elizacheng fanyokami@fanyokami flemingfarm@flemingfarm fruityfruitz@fruityfruitz gabrielatravels@gabrielatravels generikat@generikat gerdtrudroepke@gerdtrudroepke ghastlygames@ghastlygames gillianlien@gillianlien h3m4n7@h3m4n7 hairyfairy@hairyfairy hive.samadi@hive.samadi humbe@humbe ibc@ibc jacobtothe@jacobtothe janetfund@janetfund jasonmunapasee@jasonmunapasee jerrytsuseer@jerrytsuseer jim888@jim888 jonyoudyer@jonyoudyer justclickindiva@justclickindiva kaerpediem@kaerpediem katerinaramm@katerinaramm kattycrochet@kattycrochet kryptik.tigrrr3d@kryptik.tigrrr3d leticiapereira@leticiapereira linita@linita luisgtt@luisgtt luislrt@luislrt m16uellop@m16uellop manuvert@manuvert marguimiau@marguimiau mariannewest@mariannewest marile21@marile21 mciszczon@mciszczon mitchhunter@mitchhunter monica-ene@monica-ene nane-qts@nane-qts natha93@natha93 naty16@naty16 nicolcron@nicolcron nicosistemas5@nicosistemas5 nthanhtung@nthanhtung nurul-uli@nurul-uli oceanbee@oceanbee onwugbenuvictor@onwugbenuvictor ph1102@ph1102 phoenixwren@phoenixwren pundito@pundito quinnertronics@quinnertronics quochuy@quochuy ravenmus1c@ravenmus1c recording-box@recording-box rezoanulvibes@rezoanulvibes richardfyates@richardfyates rodriguezkike232@rodriguezkike232 saffisara@saffisara skycreaperth@skycreaperth sodom@sodom solymi@solymi soyrosa@soyrosa stevenson7@stevenson7 straykat@straykat the-bitcoin-dood@the-bitcoin-dood thepromisedland@thepromisedland thethoughtpolice@thethoughtpolice thisnewgirl@thisnewgirl tsunsica@tsunsica tuba777@tuba777 tuisada@tuisada underskeed@underskeed valerianis@valerianis vocup@vocup wongi@wongi leslieebano@leslieebano tahiaarq@tahiaarq sarimanok@sarimanok growandbow@growandbow creacioneslelys@creacioneslelys littlescribe@littlescribe tibaire@tibaire vaultec@vaultec mdakash62@mdakash62 curtis90@curtis90 wolfplayzor@wolfplayzor hiveabbyftp@hiveabbyftp

Thank you!



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Poll: Proposed Change to Our Payout Strategy
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