We have a target ratio that we use to maintain a balance between sustainability and attractive ROI. We are mostly able to replace these leases with curation rewards and member upvotes.
We recently moved to much longer leases (we started with 13 weeks and now use 24, which is the longest that are available through MB market) in order to get better pricing. That helps to maintain sustainability.
I keep a close eye on all the different metrics (member growth, curation %, member upvotes, SP levels) and try to maintain an appropriate balance across pools. I don't know if you've spent a lot of time in our google sheets, but there is a table of statistics for each pool 'hiding' in the upper right hand corner of the 'Data' tab. Right now there are some imbalances, and I've been letting the SP target slide while I even it out.
I have looked at this table and it looks like you have a handle on it. I am just wondering what the long term strategy is with leasing sp. To me its a great way to get sp short term but like most here I'm in this for the long haul. (As you can see by my increase in shares on a daily basis)
I'm just worried that buying sp for the long term is unsustainable. Pumping steem to mb and being at a loss when the term runs out.
I was mainly wondering is the curation rewards and daily upvotes replacing the sp faster or at least at the same rate to catch up with the terms running out.
This project is realy interesting and as i say I'm in but like all investors in prjects its nice to know if there is a weak point and what will happen about it
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That is a weak point if we are not able to earn enough from curation and upvotes to reduce dependency on leased delegation before it expires. We were hoping to make more progress on the new system before our next wave of leases begin to expire, since we expect a big improvement in upvotes received under the new incentives structure that we will release with the new system. Unfortunately development is taking longer than anticipated.
The long-term strategy is to gradually reduce the dependency on leased delegation. That may result in a gradual reduction in ROI over time if we need to give up more return in exchange for sustainability.
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Sounds like headache.
Overall I think everyone would say a sustainable investment is the best.
However the best way to draw people in is to show a high ROI. When steem increases in price that will help sustaine ROI at a lower rate of SP. However this will have a the affect of making each share a lot more expensive driving down the amount of new shares created.
I dont envy the task that you have given yourself but I am greatful you have.
The best way i can see out of the over priceing problem is to have upper and lower tier pools. The upper pools being 1 steem each sharw and the lower pools set out at verious increments making it more attractive if the price of steem rockets.
Keep up the good work
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There's quite a lot to juggle. Hopefully we can pick up our development pace again soon so I can focus more on the financial and growth aspects and have less bookkeeping to manage!
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On another note I have 280 shares at the time of writing this. The average return per week per share being 0.04. I also have 100% bonus.
So 280 x 2 = 560
560 x 0.04 = 22.40
I post once a day.
22.40 / 7 = 3.20
I dont recieve anywhere near this. Its at least $1 short of that amount.
Is this a calculation error or am i missing a bit of info.
As with all investment I like to check that its running ok.
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Is your calculation based on UI value or is it USD? I will add some digits of precision to the sheet to check for rounding too.
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I calculated it on usd from the form and the reward recieved after voting.
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These add up to 2.06 (UI value). User keeps about 80% at the times we typically upvote, which would be 1.648. That's USD$0.824 worth of STEEM and 0.824 SBD. With SBD at 2.34963, total value is $2.76. That's definitely lower than I would expect.
I know that pool 4 is overweighted (which I'm working on fixing). I will check out the impact its overweight has on the other pools and see what I can do to resolve the imbalance more quickly.
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