Today Inleo announced the Delegation Tiers and with this, we have the option to earn up to 22% of APR on hive power delegation. This is a great opportunity for us to earn this fantastic APR through the HP delegation. Earlier we used to earn 16% of APR rewarded in the form of liquid leo tokens. Leo is one of the tokens in the ecosystem that is doing great in the market however it has already proven its existence in the market and there was a time when it was almost $1. The Inleo team has been working hard to bring multiple things for the hive community and after Leo Premium this is another big thing that we have got for us. I think it is great for everyone interested in earning a higher APR on the HP delegation.
Delegation Tiers
They have introduced three tiers offering different APR starting from 13% up to 22%. Below are the 3 tiers and there is a difference in the last 2 tiers. We will be getting the higher reward but the token will come in the form of staked leo and there are some conditions to follow if you are going to enable 20% or 22% APR.
The base APR of ~13%, paid as liquid LEO daily to your account
20% APR, paid as staked LEO daily to your account
22% APR, paid as staked LEO daily to your account
For me, there is no difference if I receive the token reward in the form of liquid or staked because ultimately I power up. It will make things easy for me because whatever reward I receive every day will be powered up automatically and grow my Leo holding. This can also be called as HODL mode because the more you stick to the HODL, you will earn.
I have enabled Tier 3
This is what I earn with my delegation as of now and this is the view of the user dashboard which is accessible through the link- https://labs.inleo.io/dashboard
I am delegating 4028 HP to @leo.voter and as per the current APR which is 13% I earn ~6.51 leo tokens daily. I received this reward in liquid form hence to increase it I need to switch the reward to Staked and the button is provided at the bottom of the page.
I have now changed the reward to staked from Liquid and below is the updated dashboard. You can see that my current APR is 22%. It adds up 7% to 13% which is 20% but if you are a leo premium user then it makes it 22% (by adding 2%) and this is how the 22% APR reward is derived. I will be learning 11.09 Leo every day in staked form.
Increased my HP Delegation
Undoubtedly this is a great opportunity to earn higher rewards and the only condition we have is that we cannot be in a power down situation. This time duration is three months which means if you enable power down once then you will not be able to go with tier 2 or 3 for three months. I'm not going to power down anything and I also do not remember if I ever did this because my goal is to build a bigger Leo power holding.
Now because delegating more is a good idea hence I have increased my delegation to 5k HP and with the updated HP deleagtion I would be now getting 427 Leo in a month. Its 13.78 leo daily and I can say that I will be getting this leo power added to my account every day. Indeed its a fantastic opportunity and I am happy to do this because now I need not power up and everything will be done automatically by the system itself. It's like automation is integrated into the power up and I do not need to keep the liquid token anymore which is anyways good because with more power I'll be able to earn higher curation which will help me grow my overall Leo holding faster.
In my opinion, this is a great move by the Leo team and I do not want to miss this opportunity hence I have increased my delegation as well as I have enabled this option already. I have been using Leo Premium since the beginning and this is also helping me to get another 2%. I would like to mention here that a 22% APR is very good and I don't think there is any way we can earn such a big APR in the Crypto market. I don't see any reason why anyone should not be going for this because it's a great opportunity for anyone to grow the holding of Leo Power. Many lawyers have done it already and we will be able to see a lot of people doing this in the coming days since the kind of opportunity it is nobody would like to miss it. With an APR of 22% what else you can ask for?
Snapshots taken from Inleo.io
Thank you
Posted Using InLeo Alpha
