I found the first AI curation project throuh SP Delegation!
Do you know @thoth.test ? I found the account a few days ago, and the project is what I've been waiting for so far!
As you know, SP(STEEM POWER) Delegation projects have been developed so far.
As far as I remember,
The first generation of SP Delegation projects were self-upvoting bots during 2017-2019. To get upvotings, steemit users sent STEEM to them.
The second generation of SP Delegation project was a P2P(Peer to Peer) SP Delegation platform. It had existed for 2018-2023. The platform required a platform fee for each order.
The third generation of SP Delegation projects were @upvu, @h4lab, etc. Long-term STEEM investors don't need to please SP whales anymore, which means it made them feel free to use steemit comfortably.
The fourth generation of SP Delegation projects were @nutbox.mine. It was the first attempt of SocialFi. However, it failed due to a hacking issue.
The fifth generation of SP Delegation projects is @puss. It combined the memecoin theme and SocialFi. It's sensational! As far as I remember, at one point, $PUSS marketcap reached around $10m.
Even though SP Delegation projects have been developed by many STEEM developers and enthusiasts, I think we need to bleed 🩸 to revolute on STEEM SP Delegation projects. The pain would be for a while. We need the 6th generation of SP Delegation projects.
I'm not sure @thoth.test will be able to make STEEM thrive again. If the AI curated posts well, and SP Delegators no need to upload a post everyday, and get high APY, @thoth.tesr will definitely change and innovate SP Delegation ecosystem! 🏳️
Because, someone who hasn't invested STEEM might gain rewards by the AI. It's like a self-reinforcing system. To succeed the 6th generation SP Delegation projects, the APY should be higher than other generations.
Looks Interesting
0.00 SBD,
0.11 STEEM,
0.11 SP
There's a tentative look at potential reward distributions, here and a look at past performance, here. Rule of thumb, I think the Thoth account probably needs to have about 2-3x the stake size of delegators in order to provide decent returns by default (not counting potential downvotes). Of course, as you alluded to, if Thoth attracts organic votes, then the stake size requirement is reduced.
It's definitely the goal for Thoth to provide those sorts of returns, but I don't really think it's necessary because some investors might accept lower returns in order to avoid the daily posting requirement and, hopefully, protect/grow the value of their core stake. IMO, to succeed, Thoth just needs to be near parity with the existing generations.
For small delegators, that's already happening. Unfortunately, I don't control enough stake to support larger delegators at those rates of return unless/until Thoth attracts a larger organic audience.
0.00 SBD,
0.11 STEEM,
0.11 SP
Oh I agree. If they don't need to post everyday, they might accept low APY. But, I wish it will be high somewhat.
0.00 SBD,
0.12 STEEM,
0.12 SP
Yep, I agree with that, too. And I believe it's possible. I just don't want to set expectations too high too early. ;-)
0.00 SBD,
0.10 STEEM,
0.10 SP
Thanks for posting on the topic, I don't know much about it and it caught my attention.