BROFI in beta testing - @brofi is active!

@brofund has just done something, I am still wrapping my head around it. Teaming up with ARCHON dev @taskmanager, BroFund has launched BROFI mining pools.

This is crazy clever. Its still in testing. Delegate tokens to @BroFi account.

Delegate HP, LEO, neoxag, etc.

BRO token is the governance token. BRO holders vote on which pools are most valuable for the bro program. Pools sell some tokens to buy BRO, and send out part of their balance in BRO each day.

It sounds simple, but its huge.

Here is the 'about' text:

About:

BroFi is a fully automated, BRO user controled curation machine with advanced delegation mining.

Warning:

How isn't this DeFi:

Some aspects of BroFi are still centralized, the scripts running automation are running on a centralized server, and the source code has yet to be released

The Good News:

How is this DeFi:

Some would argue that because of the above it isn't, and in a way they wouldn't be wrong... However BroFi does allow a lot of it's parts to be controlled by it's users in a decentralized manner. Delegation pool rates are set in combination with BRO holders votes and an algorithm that gives users control over what pools get the best BRO payouts. Holders also decide who @brofi will follow for curation, with the most popular getting the highest follow weight. Users will soon get to decide even more with their votes, including market share, brofund share, powerup / powerdown rates and more. Account keys are currently shared between two users (@raymondspeaks and @taskmanager), while not the ideal number, still better than 1...

The Basics:

Any user can delegate tokens to one of the supported delegation pools, and will receive a share of BRO each day for their share of delegation. Since users are only sending delegations, all users funds are safe and protected by the hive-engine sidechain, and since BroFi has no access to BRO minting, BRO itself is safe from harm.

Users who earn BRO can hold it to receive daily payouts from the BroFund, or provide them to the market for others to receive daily payouts.

BRO holders can vote for 3 delegation pools and 3 curators they want to support. The pool with the highest amount of votes gets the best payouts with each pool getting less and less of the remaining daily BRO.
The curator with the highest amount of BRO votes gets the highest follow weight with each curator after that getting less. Earned curation is split between @brofund and the market, the market share will be used to buy more BRO for delegation pool payouts and the brofund share will better all BRO holders.

Source Of BRO:

The initial test phase of BroFi was funded with 15 BRO, and once we launch 1500 more will be added to that amount. After that, we will count on income from curation to sell on the market and buy BRO. No new BRO will be created as a result of delegation mining. Eventually users will be able to lease some of our earned staked tokens in exchange for BRO, providing more BRO income for our delegation miners.

The Marketer:

Our marketer takes a 50/50 approach with it's buys and sells. When buying or selling it will place 50% of it's order on ask, and 50% of it's order on bid. When selling, this provides a balance between getting liquid SWAP.HIVE right away for more BRO and waiting on the market to provide an even better price for our tokens. When buying BRO, 50% goes on the buy side adding glorious SWAP.HIVE on the buy side of BRO and it will attempt to use 50% to buy from the lowest priced sell order providing an instant increase in BRO payouts for our delegation pools!

The Curation Voter:

Our curation machine streams incoming HIVE blocks and looks for votes on posts from our selected curators (by BRO holders vote) and will vote for any main post they vote on (as long as it hasn't already voted on that post). Our voter will adjust follow weight based on remaining mana * follow weight, so if voting power gets low it will regenerate from reduced follow weight. Tribe weights will be adjusted each hour based on each tribes remaining mana to maxamize curation without the need of a seperate account for each tribe token.

The Maths:

Odds are quite good the maths on everything are likely to be adjusted several times over the next couple weeks during testing, and therefore it would be counter-productive to provide the math and edit this section every time one of these several adjustments are made. So until we are done testing, everyone will have to do without equasions.

This bot and all of its commands can be accessed on the BROFUND DISCORD.

Currently the top pool is LEO!

Delegate your LEO to @brofi to earn BRO daily! Currently 8 BRO daily is assigned to the LEO pool! This is a hugely profitable pool and should attract a lot of LEO delegations!!!

Testing has been going on for 24 hours. Come and ask any questions you want in the Discord listed above!

Delegate your tribe tokens to @brofi!

Freedom and Frienship!

Posted Using LeoFinance ^Beta