Steem Power Delegation - What, Why, and How
In today's post, I want to answer a question from @ahlawat about Steem Power Delegation. He noticed a "reduction" in my Steem Power, and was asking what happened.
The Basics
You can view information about your Steem Power by completing the following steps:
- Click your Steemit Avatar image located in the upper right-hand corner of the screen
- Click Wallet
You can view information about other Steem users' Steem Power by completing the following steps:
- Open the other Steem User's blog
- Click Wallet
How Do You Know Is Someone is Sending Or Receiving Steem Delegation?
Once you opened the Wallet information of the account you are investigating, look for the Steem Power section. Mine currently looks like this.
Although you will not be able to see the specific details about someone's Steem Power delegation in this section, you will be able to see the overall delegation trend for the account.
- No value in the parentheses = no delegation or no net change in delegation (the same amount coming in as going out)
- Negative value in parentheses = delegating more Steem Power out than what is being received (this is my current situation)
- Positive value in parentheses = receiving more delegated Steem Power than what is being sent out
Why Is Steem Power Delegation Important?
Steem Power Delegation allows a user to give control of a portion of his or her Steem Power to another account while still maintaining ownership of the Steem Power. But remember that controlling Steem Power is what gives you the ability to upvote.
Traditionally delegation is used as a way to support another Steem account, whether an individual, sub-community, or project. Both the sending and receiving parties need to understand the terms of the agreement, such as ...
- How long will the delegation take place?
- How large of a delegation will be sent or received?
- What type of stipulations are required?
- Will the account sending the delegation receive compensation?
The account sending the delegation can revoke the delegation at any time. It takes 7 days for a revoked delegation to be returned to the owner for use. This is commonly referred to as a cool down period.
Is There A Simple Way To Delegate (Or Undelegate) Steem Power?
I just learned about a tool called SteemIt SP Delegation Tool. I just ran a test to undelegate some Steem Power, and it performed as I expected it to. Disclaimer: However, I do not make any promises or guarantees of future performance, and I will not be held responsible for the actions of its operators. Research any Steem tool or service before using it.
I usually prefer tools, resources, or services that utilize Steem Connect and SteemIt SP Delegation Tool does.
The steps are simple.
You will need to have a SteemConnect.com account to complete these steps.
- Enter Delegator Name (your account information that will delegate the Steem Power)
- Enter the Delegatee Name (the account name that will receive the Steem Power)
- Enter the Amount you wish to delegate. I recommend that you send as SP (which currently is the default option)
- Click Delegate Via SteemConnect.com
- Enter appropriate user information for Steem Connect.
- Confirmed the delegation/undelegation.
If you want to increase a delegation, follow the steps mentioned above and enter the new total value that you want to delegate. If you want to undelegate (remove a delegation) then complete the steps above and enter 0 as the amount.
Hopes this information helps!
@SumatraNate
Image Source: https://pixabay.com/en/delegate-board-applying-empower-1971162/
Sebuah informasi dan penjelasan yang mendetil. Tentunya sangat bermanfaat bermanfaat bagi saya seorang pemula.Terimakasih sudah berbagi
Sama-sama. Saya senang bagi informasi kapada orang pemula.
apakah ada batasan minimal untuk bisa mendelegasikan stem power?terima ksih atas penjelasannya
Sepertinya tidak ada batasan resmi. Dulu saya hanya mendelegasikan 20 SP aja. Tapi jangan mendelegasikan SP sampai akun anda habis. Kalau begitu akan dapat error bandwidth.
So nice of you to write this. It has every possible information about delegation I could think of. Kudos! You really wrote an amazingly educational post.
Thanks for the kind comment. I really enjoy writing posts like this. It helps me think through the entire process, and of course I am glad that it can help other people.
Very well explained. I too delegate some of my SP to friends who can make better use of it than me.
terima kasih atas penjelasan anda, saya sangat terbantu dengan informasi ini
I'm having an issue undelegating my sp. It shows up as an error after finalizing on steemconnect
I am sorry to hear that. I do not have any official responsibility to with SteemConnect I am unable to speak to the matter directly. If you can take a screenshot of the error message, I recommend posting in on Steemit and see if someone can help you out.
What a helpful post @sumatranate! I know a lot of minnows will appreciate this. Resteemed!
Thanks for the kind words and resteem. I hope it will help some of our new community members.
You doing well?
https://steemit.com/friend/@ahlawat/friday-for-friend-true-friends-meet-very-hard-sumatranate
only friend!
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To support your work, I also upvoted your post!