MinnowBooster has a New Feature: Renew Lease

Have you ever wanted an easy way to increase the length of your lease?

Maybe renewing it by 1 week but getting the value of 4+ weeks? (150 SP per Steem instead of 75 SP per Steem)

Or maybe a way that you can delegate through MinnowBooster repeatedly without always having to wait 7 days for the cooldown?

Well, there is one now.

Introducing: Renew Lease on MinnowBooster

As you might have noticed - there is a new Button on the minnowbooster.com user page.

When you click it - you will be taken to a page which looks very similar to the standard lease page, but with a few customisations.

First of all - the only field you can edit is the amount of weeks. The rest of the values are locked in and can't be changed.

There will not be created a new delegation which would mean an additional waiting period of 7 days for the delegation giver.

Rather, the total amount of weeks is simply getting increased through the amount of steem you send.

Take a look at the gif I made.

By clicking on "Renew Release" you will get redirected to "steem-connect".

Simple, right?

Manual Transfer

Now. Some of you might not want to put their private keys into steem connect - while I do it myself - I can understand the scepticism. Luckily, there is also a manual way - similar to the way you start a lease.

Just fill out the "weeks" field and click on Renew Lease.

After that, you will see a page looking like this.

Now simply open up a new tab - and go to your wallet and open up a steem transfer.

Paste in everything that is shown in your previous "transfer" tab.

Make sure that you only have the word "renew" - a space - and the "Delegation ID" in your memo.

You can also find it in the url while filling out the renew-lease form.

And that's it. Easy, right?

But what if ...

.. someone renews their lease - but the delegate giver doesn't want that?

The answer is simple: the delegationer always has the ability to cancel the renewed lease. In that case - the user who leased it will get a refund of their steem in proportion of how much leasing time is left.

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I'm really proud to say that this is the first feature which I implemented with help from @reggaemuffin into MinnowBooster.

But this is only the beginning. There is a lot of very cool stuff coming to MinnowBooster - even a Browser-Extension. But ... psst.. @Raycoms :P

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If you have any questions - please ask them in the comments below.

I hope you have a great day!

Until next time,
Wolf