Hello LBIers, i see a post from the LeoFinance released yesterday without polyCUB in the title so i checked i out and there's some good news for LEO tokens stakers. The Leofinance team have decided to share some of the ad revenue bought into LeoFinance to those that has LEO powered up. This is great news for us because we hold the 2nd biggest wallet on LeoFinance.
We all know that on HIVE, we earn inflation rewards when we have HIVE powered up. It around 2.8% per year and is automatically added to your HIVE POWER balance as new blocks or minted. Now LEO will not be doing everything like that because it's inflation is already fully distributed. In fact, i dont think any tribe token on HIVE pays out inflation on staked balances. I could be wrong, but i cant think of any. LeoFinance will be funding this by using ad revenue that they receive in BTC and converting to LEO.
Ad revenue is highly dependent on the number of active users LeoFinance has. More users means more content and produce higher ad revenues. They currently earn already $4k per month and at today's LEO price, this is roughly 19.3k LEO tokens. Im assuming this only applies to LEO and not, wLEO, bLEO and pLEO. If that is correct, we could be getting a nice chunk of that each month with our 3-4% holding of LEO.
Sometime in the future, we'll notice a new feature added to our Leo wallets that will be called something like "passive staking APY" with a number beside it, the APY. It is estimated LEO POWER will have an APY of 4-10% which is really good. HIVE's inflation is roughly 2.8% and if LeoFinance were able to offer a higher percentage than this, they are winning.
What does this mean for LBI?
More LEO!! that is what it means. We have 205k powered up and even at 5%, that is just over 10,250 LEO per year or 196 LEO per week. That's an instant 10% pay rise for us and it'll be auto-added to our LEO power balance so we can use other earnings for other things and know our LEO balance is growing by at least 4% per year. With LBIs yearly growth target of 20%, at minimum 20% of that target is achieved with no extra work. Curation earns 16% per year, boom, job done. Im not even needed anymore, lol. As long as I earn a higher than 20% APY with our non-LEO holdings, we'll be home dry in a boat by year-end. Im is pretty sure I can get us more than 20% as the bulk of it is invested into the pLEO/METIC LP.
This is excellent news for LBI, it's going to bring a minimum of 8000 LEO per year.
That's pretty much all I have to share today, it's great news and i look forward to the update and it starting. I knew Khal always had some plan for Ad revenue and looks like he's finally come up with a great idea. I think jk6276 give him the seed for the idea and credit owed where credit due, so thanks JK also.
What do you think about this? Obviously, it's good news for you as I assume you hold some staked LEO.
