Investors - Earn up to 49% APR with MinnowBooster.net Delegation Leasing Market (DLM)steemCreated with Sketch.

in #minnowbooster7 years ago (edited)

For those of you who are reading about it for the first time, @minnowbooster is a "Swiss Army knife" for Steem newbies with several tools to help them on their journey. The initial tools being the Upvote Bot, where users can pay to summon a bot to upvote their posts with a greater value than what they paid (T&C's apply), and the Delegation Leasing Market which securitises Steem Power in a risk free leasing model that serves a dual role to empower minnows with greater Steem Power and rewards investors with up to 49% annual nett compounded returns.

I will focus on the Delegation Leasing Market and how to make returns on it. By way of testimony, I am currently earning 82.995 Steem per day from delegating just under 65 000 SP across 66 contracts. This means I will earn 32 293 SP in a year just by passively delegating my SP, I can earn more if I compound.

This means that 66 users are leasing my Steem Power for purposes of increasing their esteem in the Steem community and having a better user experience as a result. In the world of fiat currency, lending and leasing are tools the stimulate economies, when banks lend freely, economies thrive.

The @minnowbooster project does just that, Steem economic stimulus and decentralisation of voting power by spreading the utility of Steem Power to the masses. The proverbial "Robin Hood" of Steem Power!

The rich however need incentives to lease out their SP, so that is why there is an APR return which is roughly NETT of 41.6% after considering the 1 week SP cool down and our facilitation fees, if you consider the fact that rewards are paid out daily and if you re-invest to further delegation, you will effectively earn up to 49% APR with the compounding.

Right now we need investors to timeously fill orders and help boost the Steem economy by providing Steem Power liquidity.

Alright but how do I invest?

It's quite easy actually, first go to http://www.minnowbooster.net/market, here you will see all listed requests ready to be filled.

So what do all of these columns mean?

  • User - That's the person who wants to lease the Steem Power

+Delegation (SP) The amount in SP they want to lease

  • Delegation (VESTS)- The SP amount shown as VESTS, vests are a more accurate representation of SP as shown on the
    blockchain, basically SP x roughly 2100 + VESTS.

  • Weeks - The number of weeks the Lessee wants to lease for, minimum is one week.

  • Payment - The total payment the Lessee will pay and the Lessor (investor) will receive over the entire contract period, paid daily prorata to the investor for the security of the Lessee.

  • NETT APR - The percentage profit the investor / Lessor will earn.

  • Expires At - If the order hasn't been filled by this time, the Lessee will receive their money back and the order cancelled, this is three days from inception.

Let's Get Into it!

As an investor all you have to do is select the contract you wish to fill, note you can sort in order of ascending or descending contract size by clicking the heading.

Here we see an order of the largest contract at the top:

Now click this button:

This will time-lock the button for ten minutes so no-one else using our site can collide with your transaction.

On the next page you will see a summary of the transaction you are about to enter into.

All you need to do here is enter your Steem name you wish to lend Steem Power from and press the button, but please be sure to not delegate all your Steem Power, leave behind at least 10 SP or more.

The next page is just a summary page:

Just hit the button.

The next page requires you to sign in with your Steem name and active key :

You will then see a confirmation screen:

You will also receive a confirmation memo in your Steem wallet and then daily memos along with your daily rewards combined in one daily payment.

Once it is time for the contract to expire, you will receive a memo like the below, the only difference will be the account name of the person you delegated to will be the same as the contract you entered into.

Copy an paste the http part into your browser address bar and press enter.

This will give you a confirmation screen showing that the contract will be set to zero delegation and hence cancel it, if you have multiple delegations to the same user, this value won't be zero but rather redued to the total of remaining active contracts with this user.

Then follow the steps and use your active key again to transmit the instruction to the blockchain.

Conclusion

You now know how to delegate Steem Power to other Steem community members in a safe way, ensuring you always get paid, no need to run around and chase after payment from anyone and you are helping make a difference to many smaller users who don't know what it is like to have the utility of Steem Power to feel more engaged in the community.

Please help us fill as many orders and you can, you too can be Robin Hood and make a profit while helping others gain the utility of Steem Power, not to mention it is a form of advertising of yourself on our "Filled Orders" list as well as to the person you delegated to, who also receives a notification letting them know who their benefactor is.

Personal community lending at its best! Enjoy!

Vote my witness if you like what I do on Steem!

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Good job man!

What is the difference between: (1) Delegate SP to market, (2) Invest STEEM in MinnowBooster and (3) Delegate SP to MinnowBooster ???
And which one is the most profitable?

Hey @thecryptodrive, firstly this is really great work, thanks. Where can I get more reading material on this exact topic? Let me know so I can see what to do. Witness vote check, upvoted and resteemed

If you have a question, you can ask them in their discord channel. They are very responsive and helpful.

Thank you for that info and I'm sure they'll help me out with whatever questions I might have. You guys are doing a great job... Cheers 👍

You are welcome , @zeidlitwhips.

BTW, I am not working with @minnowbooster. I have invested some steem in their services and when I needed some help, I went to their discord channel, and they were surprisingly patient and helpful.

So, as a form of gratitude, I thought I would spread the word.

I realized that after posting the comment. I knew maybe you had used their services before and are familiar with it. I appreciate the courtesy and the help, I'll learn more about it and then I will see if they can help me abit. Cheers 👍

Heya, you can have a look at the @minnowbooster blog, specifically the first intro post. Thanks for the votes and resteem!

Also check our Discord Channel

Thanks, I will check them out as advised including the Discord channel. I appreciate the help and your posts are a big help. Cheers

This appears to be a very well thought out concept and hits the nail on the had twice over. The whales have a reason to stay and increase the platform. Whilst the newbies now have a chance to send their account into overdrive.

Fantastic stuff, I look forward to visiting the site in the coming days.

Thanks so much, will be glad to have you visit!

Thank you, @thecryptodrive for sharing. Upvoted!
How do they make sure that the Lessee is paying his (rent) daily ? Is there a kind of smart contract behind it?

Well, how it works is the Lessee pays upfront to the @minnowbooster the full amount on order, @minnowbooster acts as an escrow service which pays the investor daily in arrears. The investor can never lose rent and has full control over his asset, this is better than owning rental property.

Nice! A smart solution.
I suppose this all automatic right? I mean there is a bot behind it. You do not do it manually, do you?

BTW, I have just leased 500 SP to two contracts. I think it is a good investment.

Interesting to see my name in your list of market entries lol. I've really appreciated using this service to gain delegated SP, it's been quite helpful. As soon as it's possible I will be leasing some of the SP I have also to be able to give back. Thank you very much for providing this service. It's clearly beneficial for all parties.

That's really great to hear we are making a difference, wow that's an awesome testimonial.

It really is a great service. I've built part of my steemit growth strategy around it.

This is a nice APR! Need to try this👍🏿

Yeah better than any bank and most mutual funds, even better than using your SP to curate.

True! And you don't have the shame to upvote your own comments :)

I am pondering giving this a try but only because I know the lead people involved here and like them a lot and trust them!

@thecryptodrive has always shown himself to be patient, polite and helpful, something we all need more of in our lives.

Thanks Barry that is such a nice sentiment, thanks for being such a cool guy.

Great post. Helped to make the process easily to understand

Hey, I've seen your name on our market, I may have filled some of your orders :)

Indeed you have kind sir :-)

Development of steem power, this is a serious effort, I like, thank you for sharing information, ...