Today, I celebrate a wee milestone for this alt. It just reached 15k Leo Power this morning after 150 LEO has been added to it. Never really thought my year-end goal will be checked-off this early but I'm so chuffed it did. I credit the Adoption Campaign for that. The zealy quests made me stake almost 8k LEO last month alone. It wasn't a hard decision because I was keen on raising my Leo Power anyway so I used most of my HBD rewards from this and also from my main account including my HBD Savings and some outside funds (227 HIVE to make it happen. So yay!
But why do we need to stake LEO?
Because we are thinking long-term and staking is our way of saving.
To increase our vote value (influence) and in turn increase our share from the LEO rewards pool too.
To build our Leo Power and have a bigger share from the Leo Ads Revenue when the distribution starts.
Because we made it our commitment to build and support the growth of the ecosystem.
And maybe, just maybe when a DAO comes to Leo Finance our governance vote will have more weight too.
Hive Power Up Day
Meanwhile, the account's Hive Power is also growing albeit slowly. Staking 11 HIVE this morning made it to 1409, just 91 HP away from the number I have set for the year. Many thanks of course to those who continually support my work. This would not be possible without you all so thank you, thank you indeed.
Just as staking LEO has various perks, vesting HIVE also has certain benefits, re:
- More Hive Power means more Resource Credits. This I think is the lifeblood of any Hive account because one cannot do any transaction on this blockchain without RCs.
- More HP = Better curation rewards.
- More influence (vote weight) when it comes to Hive governance (voting witnesses).
- We earn interest on our Hive Power.
- And of course, by building our accounts, we signify our commitment to be here for the long run.
So have you HivePUD'ed yet? Congrats to you if you did😉
Cheers to many more Hive and Leo Power🥂
1st June 2023/16:55ph