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RE: LOLZ Project Update - New Governors, Auto-Farming Reports, To Do List, Daily LOLZ Giveaways, and LOLZ Free4all
Ya this seems to be an issue at some point with all the major tip tokens from my observations on hive. Elimating the error/failed responses is a genius proactive move. I would definitely delegate hive power over, will you pay out LOLZ in lieu of hive curation payouts?
From what I see on this site
Renting out hive power costs between 5 and 11% APR so a payout somewhere around these numbers would be what I would consider market rates.
Also best to have people delegate the hive power to your main bot or account, and delegate out yourself from there based on your needs which will change dynamiclly over time.
Another idea I would like to propose, is staking. I would reccomend a long unlock period so you avoid people taking and disposing of large positions in short periods, I would reccomend at least 15 days up to 30 days ideally, 60 days tops.
For staking rewards, I would say daily liquid lolz payout to begin with for sake of simplicity. Eventually, you can also if you choose, pay out a portion of liquid hive earned from curation rewards from the bots to lolz stakers, or even more interesting since I see you are talking about governance nfts. You could pay out a combination of lolz and a new token created for purposes of governance of lolz. Also you can switch the payout of hive curation from lolz staking to holders of lolz governance token, and allocation say 5-10% of the bot curation payouts eventually? Let me know what you think
!PIZZA
!LOLZ
!LUV
@forsakensushi(1/10) gave you LUV.
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lolztoken.com
He told me to stop going to those places.
Credit: benthomaswwd
@lolztoken, I sent you an $LOLZ on behalf of @forsakensushi
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/10)
Yes, we would pay out LOLZ for the Hive delegation. We were thinking in the 10% APR range. Our bot earns about 9% APR, so sticking with 110% would get us at 10% APR
Thanks for the advice on focusing the delegations on the main bot. That does make sense.
Regarding staking. It costs 1000 BEE to make a token stake-able. We may do it at some point, but are kind of happy to avoid that cost for awhile.
!LOLZ
lolztoken.com
It was the least I could do for him.
Credit: reddit
@forsakensushi, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/10)
ya that makes sense 100% about the staking. I saw you were considering adding a BEE curator bot for the #hive-engine tag, I think thats a great idea, I stake bee, and have staked workerbee also delegated to neoxian. IF you do go forward with the bee bot, I'm sure in time we can build up the bee organically without cost.
!PIZZA
!LUV
!LOLZ
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