First LPUD This Year - What to Do With Your Delegation

Hello Lions, Wherever You Are!

It is the 15th of the month again, which means another LPUD. For those who are not familiar with the monthly Leo Power Up Day, please check out this post by @leogrowth. It tells you what LPUD is all about, how to participate, and why it is a great idea to stake 150 LEO or more on the 15th of each month, and then posting about it. While there is no other extraordinary big even associated with it this time, the prizes you can win speak for themselves: A whole bunch of LEO you can receive for the next month in form of delegations!

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As always, I have powered up my usual 200 LEOs, which thanks to diversified delegation and diligent curation has already come back to me, ready to be staked further. So that should already satisfy the requirements, and I may finish this post just as well. Though, for this simple info I could have used a short message on the micro-bloggig site Threads. But since I've started writing a whole post, why not expand a bit on what to do with your winnings.

Making the Most out of Delegations

Okay, so far I have not actually won any of the prizes, but that's cool. That's not the main reason I'm so keen on participating regularly in LPUD anyway, and besides, one day I may still win something. However, last month's special addition to the regular LPUD was a matched delegation to everyone who took part. Since I staked an exceptional amount of 400 LEO, I also got a delegation of 400 LEO for the following few weeks. This may sound like a lot to some, but in fact it is a relatively humble amount compared to the delegations you may actually win. So I think it's fair to address the valid question: What to do if you win?

The Art of Curation

Okay, so the money you win is technically not yours. You can't spend it or convert it into anything else, and also you will have to return it after a while (or rather it will be undelegated from you, so it's not even something you can control). Still, having a large chunk of staked LEOs delegated to you can have a HUGE benefit, if you know how to use it. The keyword is curating, in other words giving out upvotes.

Normally I would look through the posts on LeoFinance and the ones that seem interesting I would open, read, and reward with an upvote. This way my staked LEO (including what others have delegated to me) increases the rewards the post will receive. Great! But having 400 additional LEO at my disposal, I could do so much more.

So after rewarding the posts I enjoyed, I would continue upvoting those that looked profitable. To determine this, I would look at the ratio of the number of upvotes a post had, and the amount of money it had generated. Since half of the reward would be shared among all upvoters, I tried to find posts with large sums of money and few upvotes. To get an idea of this in a practical sense, if the number of upvotes were lower than the value generated in USD cents, I would vote for it. If it was substantially lower, I would definitely vote for it. That's how I spent around ten votes a day, making sure that my voting power would remain over 80%, so it could recuperate within a day.

I'm not sure how this strategy eventually pays out, since even with this relatively large delegation, my curation is still dwarfed by my delegation to @leo.bounties and @leo-curator. Nevertheless, this is the most lucrative curation strategy I could think of, so I will come back to it if / when I win any of those bigger prizes for my monthly LPUD.

Posted Using LeoFinance ^Beta