Auto-Compounding LEO Rewards! | Announcing Meowcurator

Hello everyone!

You might've seen Hive account@meowcurator voting on your LEO posts and comments in the past couple of months. Well, this is the official announcement of it.

What is Meowcurator?

Hive account@meowcurator is basically a curation project for LEO. A couple of trusted Hive/LeoFinance users have the ability to curate posts on LeoFinance using Hive account@meowcurator's stake. Similar to OCD (and other curation projects) Hive account@meowcurator's stake comes from its delegators.

Currently, Hive account@meowcurator pays 90% of the incoming LEO rewards from curating good content on LeoFinance to the people who delegated to it. While the 10% is kept for future projects/development. While we (myself and Hive account@rishi556, the developers of Hive account@meowcurator) did not write an official announcement before, I am happy to say that we have received close to 50k LEO Power delegation and have been operating quite stable for the past few months at this point.

---

Auto-Compounding LEO Rewards on HIVE!

One of the features that we added to Hive account@meowcurator is that you can auto-compound your rewards, helping you earn more and more every day. You might be asking how does it work?

Well, it's simple. Similar to Hive account@lhp.app, we created a token called meowLEO (MEOWLEO) whereas, for Hive account@meowcurator, 1 meowLEO is equal to 1 LEO. Holders of meowLEO will earn LEO (or meowLEO depending on their choices).

Example:

Person A has 1000 LP (LEO Power) and delegated to Hive account@meowcurator.
Meowcurator sends Person A 0.5 LEO the next day.
Person A now has 0.5 LEO.
Person A powers up 0.5 LEO.
Person A delegates 0.5 LEO to Hive account@meowcurator.
Person A has now delegated 1000.5 LP to Hive account@meowcurator.
Meowcurator sends Person A 0.55 LEO the next day.

Repeat.

(numbers are obviously random, it is hard to guess exact rewards.)

It is up to Person A to decide on what to do with 0.5 LEO, they can sell it or power it up and re-delegate to Hive account@meowcurator. However, we thought that unless you'd like to sell, this was a tedious process.

Example (with Auto-Compounding):

To enable Auto-Compounding, the users can send 0.001 LEO to Hive account@meowcurator with the memo auto (or manual if you'd like to cancel auto-compounding.)

If the user has sent this transaction, their rewards will NOT be paid out as LEO, but instead, powered up to Hive account@meowcurator and equivalent meowLEO will be sent to the user.

Person A has 1000 LP (LEO Power) and delegated to Hive account@meowcurator.
Person A has 0.5 LEO pending rewards the next day.
Meowcurators powers up 0.5 LEO and sends 0.5 meowLEO to Person A.
Meowcurator sends Person A 0.55 meowLEO the next day. (1000 LP delegation + holding 0.5 meowLEO)

So in other words, by holding meowLEO and/or delegating to Hive account@meowcurator you can earn LEO!

Even if you do not like to delegate, you can just purchase meowLEO off Hive-Engine market and HODL it. You will (depending on your selection of manual and auto) receive LEO or meowLEO (default is manual.)

Basically, holding meowLEO acts as if you have delegated LEO Power to Hive account@meowcurator!

Teasing the future of Hive account@meowcurator.

We're currently working on a system where everyone can use Hive account@meowcurator to curate posts, however, your reputation will matter in terms of vote percentage (and even if you can curate it in the first place) of your curation.

The reputation will be dynamic and you'll earn/lose reputation depending on what other Hive account@meowcurator users think about you.

Soon™

That's it!

Let us know if you have any questions!