First, let me be clear: I really appreciate Leo's efforts with LeoDex, Leo 2.0 and Inleo among other projects they have recently released. It's clear to me that overall the team is a positive force for Hive and we should be glad that they are so dedicated. That said, I do want to give Leo delegators a heads up regarding their investment into their economy.
Ever since Leo 2.0 and the token switching to a deflationary tokenomics price has been up, especially since many are also anticipating the staking rewards on the Dex soon. But it also means that Leo has to be bought back for it to be distributed back to the community. In the past Leo was simply minted so there was never a shortage. With this new model, the Leo has to come from the market. But is there enough for delegators?
I will argue: no, there apparently isn't. Leo.voter is claiming to give HP delegators a 18% APR which is quite a lot. Does that claim hold up?
For around 2 weeks I have been checking people's delegations and the answer is clear: Delegators are getting a fraction of it. In fact, current delegators receive less than what they would get with their HP curation. The results have been consistent overall; delegators on average receive 6-7% at the moment. Yes, it has been several hundred % for anyone that has delegated before the pump, but that doesn't help someone new that decides to delegate.
We can see this by checking the wallet:
E.g. 
200k * 0.06/365=33
3k * 0.06/365=0.5
The result is consistent for high and low amounts of HP delegation.
Again, I appreciate what Leo is providing, but they should also make their claims more transparent. 18% might have been paid out at some time in the past (again, it was a lot higher before the pump), but for several weeks delegators are receiving a fraction of it. I don't think many are aware of this. If one is a Leo believer that shouldn't necessarily discourage one from delegating; Leo does have the potential to "flip" Hive again. But you should know that Leo isn't paid out at the claimed amount (most likely because there simply isn't enough around - which could also be seen as positive).
With this post I simply wanted to highlight the state of Leo delegation. I myself am looking forward to stake my Leo on the Dex soon!
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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