Auto-Compounding LEO Rewards! | Announcing Meowcurator

Hello everyone!

You might've seen @meowcurator voting on your LEO posts and comments in the past couple of months. Well, this is the official announcement of it.

What is Meowcurator?

@meowcurator is basically a curation project for LEO. A couple of trusted Hive/LeoFinance users have the ability to curate posts on LeoFinance using @meowcurator's stake. Similar to OCD (and other curation projects) @meowcurator's stake comes from its delegators.

Currently, @meowcurator pays 90% of the incoming LEO rewards from curating good content on LeoFinance to the people who delegated to it. While the 10% is kept for future projects/development. While we (myself and @rishi556, the developers of @meowcurator) did not write an official announcement before, I am happy to say that we have received close to 50k LEO Power delegation and have been operating quite stable for the past few months at this point.

Auto-Compounding LEO Rewards on HIVE!

One of the features that we added to @meowcurator is that you can auto-compound your rewards, helping you earn more and more every day. You might be asking how does it work?

Well, it's simple. Similar to @lhp.app, we created a token called meowLEO (MEOWLEO) whereas, for @meowcurator, 1 meowLEO is equal to 1 LEO. Holders of meowLEO will earn LEO (or meowLEO depending on their choices).

Example:

Person A has 1000 LP (LEO Power) and delegated to @meowcurator.
Meowcurator sends Person A 0.5 LEO the next day.
Person A now has 0.5 LEO.
Person A powers up 0.5 LEO.
Person A delegates 0.5 LEO to @meowcurator.
Person A has now delegated 1000.5 LP to @meowcurator.
Meowcurator sends Person A 0.55 LEO the next day.

Repeat.

(numbers are obviously random, it is hard to guess exact rewards.)

It is up to Person A to decide on what to do with 0.5 LEO, they can sell it or power it up and re-delegate to @meowcurator. However, we thought that unless you'd like to sell, this was a tedious process.

Example (with Auto-Compounding):

To enable Auto-Compounding, the users can send 0.001 LEO to @meowcurator with the memo auto (or manual if you'd like to cancel auto-compounding.)

If the user has sent this transaction, their rewards will NOT be paid out as LEO, but instead, powered up to @meowcurator and equivalent meowLEO will be sent to the user.

Person A has 1000 LP (LEO Power) and delegated to @meowcurator.
Person A has 0.5 LEO pending rewards the next day.
Meowcurators powers up 0.5 LEO and sends 0.5 meowLEO to Person A.
Meowcurator sends Person A 0.55 meowLEO the next day. (1000 LP delegation + holding 0.5 meowLEO)

So in other words, by holding meowLEO and/or delegating to @meowcurator you can earn LEO!

Even if you do not like to delegate, you can just purchase meowLEO off Hive-Engine market and HODL it. You will (depending on your selection of manual and auto) receive LEO or meowLEO (default is manual.)

Basically, holding meowLEO acts as if you have delegated LEO Power to @meowcurator!

Teasing the future of @meowcurator.

We're currently working on a system where everyone can use @meowcurator to curate posts, however, your reputation will matter in terms of vote percentage (and even if you can curate it in the first place) of your curation.

The reputation will be dynamic and you'll earn/lose reputation depending on what other @meowcurator users think about you.

Soon™

That's it!

Let us know if you have any questions!