In my previous post I shared with you the Different ways to acquire Steem Power in Steemit wherein one of the options is by leasing Steem Power. For some minnows who are not yet aware what Steem Power means, Steem Power (SP) is a vested Steem that gives you influence in Steemit community. The more SP you have, the higher the value of upvotes you can give to your favorite authors, the higher the curation rewards you can also get. If you want to know more about it you can check my post Different ways to acquire Steem Power in Steemit.
My today's topic is about leasing Steem Power with 
How to lease Steem Power with MminnowBooster?
Step 1: You must have Steem on your account.
You can buy Steem on blocktrades. Just navigate to your wallet and click the small drop-down arrow on your Steem and click on Buy.
On the right part you will see the Receive estimated amount just put the amount of Steem that you want to purchase and on the right where it says Send will show you how much bitcoin you need to send or you can choose which cryptocurrency you want to use in purchasing Steem.
In my account I have 9.1 Steem available and I want to use it for leasing SP. So let's see how much SP can I lease with my 9.1 Steem.
Step 2: Go to https://www.minnowbooster.net/market
Click on New Lease Request. The first thing that we're going to do is to check the current NETT APR % that leasee are offering to the delegators .
On this first page you will see that the NETT APR offers are 18.72%, 20.0%, 20.8%, 9.36% and so on. You need to find out what's the highest offer, so you need to browse until the last page.
Based on my observation the highest NETT APR offer is 27.85% next is 26.0%
Why it's important to check the NETT APR? Because the NETT APR is the "interest percentage" that the delegator will get from delegating their SP to the leasee. The higher the NETT APR offer the faster you can get a delegator. This is based on my own experience. Because this works like bidding, if you offer low APR % then there's a very low possibility that a delegator would fill in your lease request.
Step 3: Click on Lease Steem Power and fill up the leasing form
Type in your Username, the Steem Power you wanted and How many weeks you want to lease it. You will see the automatic calculation of the How may SP per STEEM per week, NETT APR and Total Steem Required.
So I decided to lease 329 Steem Power for 4 weeks (1 month). The NETT APR gives me an automatic calculation of 25.0 for 8.7 Steem. If we want to get an immediate delegator we should compete with the NETT APR offered by the other Leasee, remember that the highest NETT APR offer is 27.85% next is 26.0%, then you can bid for 26.0. You cannot directly edit the NETT APR by just clicking the field because it's disabled for editing, what you can do is adjust the SP per Steem Per week, make it lower to attain your desired NETT APR. By increasing the NETT APR the Total Steem Required also increases.
In this screenshot you will see that from 150 SP per Steem Per week, I brought it down to 144 SP per Steem Per week so I got 26.0 NETT APR for a total of 9.1 Steem, good enough for my budget :)
Step 4: Click on Lease
Confirm your request with steemconnect. Just type in your username and your key
Wait for a few minutes for the system to process your request
Step 5: Click on Active Leases
And click the last page
You should see now your Lease Request. I used my 
I placed my lease request last night before I sleep. When I check this morning I got this notification.
Tadaaann! I got my leased SP! and it only took me less than 8 hours to find my delegator!
That's how I lease SP with
So, did you learn something today? Please let me know of your feedback in the comment section. If you have any additional tips to share, please feel free to do so and it will be highly appreciated.
Other Steemit tutorial I made that you may also find helpful
- How to get extra exposure in Steemit?
- Different ways to earn SBD/Steem in Steemit
- How to effectively Bid on Steemit Bots?
- Different ways to acquire Steem Power in Steemit
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