Hello LeoFinancers, good too see you once again at the rodeo!

In today's podcast we're going to discuss what is staking and why this feature is a bit underrated yet essential when it comes to properly distribute rewards and governance.

Staking or the process of powering up on Hive and Leofinance, provide users the benefit of distributing rewards among users, it also gives the chance to curators to get half of the rewards of the post they voted for. Curation is the pillar of properly distribution on the chain, when I say "properly" it may sound a little bit subjective because in the end is each individual who decides where to place their votes, hence, to generate and distribute rewards. The higher your stake, the more value you can give.

Regarding governance, staking plays a big role. Witnesses are choosen by individual voting yet in the end what determines their choosing is the combination of power ong individual's votes.

A big piece of action can determine what projects are in or out in the proposal system.

What separates @Leofinance from other communities is that it's users are firmly believers of the project. 75 percent of Leo is staked. That indicates users trust Leo and rewards are most definitely well distributed.

In the end staking has many benefits and we need to be aware where and how we distribute rewards on the chain. especially whales. A big stake in the wrong hands can be disastrous, just ask Justin.

Hive On!

Posted Using LeoFinance ^Beta