Working Out Tribe Vote Multiplier On LeoDex & Undelegating Leo Power

avatar

LeoFinance.png

Tribe Vote Multiplier and Why You Need It

When different tribes came to Hive and they introduced their own tokens to the Hive ecosystem, I was not really that bothered mainly because I was oblivious to how things work. Things got a bit serious for me when I decided to invest in Leo and diversify my holdings and get some Leo Power.

The thing is, most of the posts I curate are on Hive and if I were to put all my attention to Leo posts then my VP (voting power) on Hive would suffer tremendously. So I decided to delegate my LEO Power to my other account that I use to curate Leo contents.

It worked for some time until I realized that it takes more of my time since I have to switch between both accounts if I'd like to make comments for example. It felt like I have a dual personality. Upvote with one account, then comment with another. Honestly, I actually ended up not engaging on the posts I vote on.

Then I read about VOTE MULTIPLIERS on Leo Dex.

Basically, it can help you vote across different tribes where you have staked tokens without draining a lot of your Hive Voting Power.

There are 3 simple steps to do this:

  1. Logon to https://leodex.io and go to rewards tab.
  2. On the rewards tab, you will find a "thunder" icon across the tribe token name and the vote multiplier pop up window will appear.
  3. Set the preferred vote multiplier.

This article by @jk6276 really helped me a lot: Tribe vote multiplier tool now on LEO DEX.

At first, I did not really understand how it would work. I thought it would only work when using the Leofinance.io frontend, and if I want to vote a post with 100% LP, I have to vote full 100%. But that ended up using 100% Hive Power Voting power too.

So I still had to calibrate my multiplier until I really understood how it worked.

Set the vote multiplier as to how much you would want your Hive VP to be multiplied to get the tribe vote %. For example, if you want to vote with only 20% Hive Power and 100% Leo Power, then the vote multiplier should be set to 5.

Using the above example, when voting through any front end, you have to upvote with only 20%. The Leo Power (or any tribe token power) will be multiplied as per the preset value.

Undelegating LEO Power

With the vote multiplier and voting power now out of the way, I am now ready to vote with my main account...

... or not yet!

I have started undelegating my Leo Power from my other account and now I don't have a clue as to when it will reflect to my main account. Then of course, it does not reflect on the curation account either. It's floating somewhere, not able to earn anything from curation. :(

Does anyone know how long it takes for the undelegation on LEO to complete? I heard it's different on different tribes...

Looking forward to your answers! :)

Cover Image Credit: Canva. Logo credits: LeoDex, LeoFinance, Hive

Posted Using LeoFinance Beta



0
0
0.000
7 comments
avatar

Very interesting I didn't really know how that worked. Although personally for me nothing would change. I simply read, comment and vote what I like without thinking about voting power or how much I give or how much I earn. Only vote for what gives you something.

Posted Using LeoFinance Beta

0
0
0.000
avatar

I don't let my VP go lower than 85% or 80% if ever I spend a longer time curating, so that is why I thought of separating the Leo from Hive power. The multiplier is really a big help now.

Posted Using LeoFinance Beta

0
0
0.000
avatar

When your hive power or Leo power reaches the thousands, you need to pay a little more attention to voting habits so you can earn decent curation rewards. It helps a lot in the long run, I’m earning 2-3 hive a day just from my voting habits so it’s not bad return for doing some votes!

0
0
0.000
avatar

I've always kept a single account for both Hive and Leo, but I was very happy when I found out about the vote multiplier and how to configure it.
My 10% Leo vote gets multiplied by 10 and therefor only gives a 10% Hive vote.
For Hive I have configured some auto votes to get the most out of my stake, but that is no longer needed when they change the rewarding structure.

Undelegating does take some time, but I don't know how much it is for Leo.

Posted Using LeoFinance Beta

0
0
0.000
avatar

The vote multiplier really is a game changer! Now I have to wait for my LP to come back to me. Haist! :(

Posted Using LeoFinance Beta

0
0
0.000
avatar

Undelegating on hive across all of the tribes I think takes 5 days.

That’s an awesome feature on there! I will have to take a look at that for sure. With me voting on all kinds of stuff following the Curangel trail, my tribe votes are amazing, I get to diversify so much it’s great! I actually completely removed my PAL account delegation and might even do it with my lotus account as well. The curation is pretty good and if I can add the multiplier to the mix and still do all of that I’m all for it!

0
0
0.000
avatar

Yes! I saw that the LP came back to me yesterday, finally. Hopefully I can get more advantage on my curation and engagement this time.

Posted Using LeoFinance Beta

0
0
0.000