LeoFinance has been one of the communities on Hive at the forefront of Web3. With so many projects and even passive income opportunities littered around this community, I am super impressed with what I have seen so far.
What my my knowledge about delegations, I am really eager to see how my small contribution will assist the LeoFinance community to get better with all the beautiful projects they have on hand, as well as come up with new ones.
So why would a supposed new user like me decide to delegate to @leo.voter, the LeoFinance curation account? Well here are a few of the reasons:
Supporting our numerous users: I noticed that lots and lots of posts are published each day through the leofinance interface. Of course that is the first requirement to receive support from the leo.voter account. Many of these publications have quality and are usually about Finance. Apart from sharing their knowledge, the authors hope to receive some curation from the leo.voter account. I believe through my delegation and that of many other users, we are able to accumulate more LP, giving the curation account power to support many publications.
Enlarging the pool for passive income: I believe that some form of reward comes from delegation. I delegated although not knowing the nature of the rewards. My primary aim to to contribute to the growth of Leo Finance. I do appreciate any rewards that may come to me. But then, having a large pool of LP from where other delegators can be rewarded creates a passive income opportunity for all. This way, the community is supported and grows as one.
How much LP did I delegate
First of all, I want to mention that I participated in the just concluded LPUD on 15th of November. I had zero LEO before then, so I had to buy LEO from the internal market and power it up. I was able to purchase and power up 5031 LEO. You can read more about my entry in this post.
Now having studied how much the Leo Finance had progressed, I was very impressed and decided to delegate the entire 5031 LEO that I powered up on LPUD. You can see my wallet below:
Increasing my stake in the Community ecosystem
I do not feel like stopping because I just began. My next move would be to join the New CUB Kingdom which was recently announced in the community. You can read more about it below:
The many rewards for fixed term staking and flexible staking is something too good to miss. Its true that I have little questions too to ask about the CUB, but that would be in the discord channel. I hope to do my quota to support the increase of TVL in the CUB kingdom. together we can grow the LEO ecosystem more.