Managing the Voting Power of Multiple Staked Tokens
Not investment advice or likely the most desired method for some, but I think this might work for the time being.
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I follow a number of people who are now producing content picked up by the Steem front-ends, palnet.io, steemleo.com, splintertalk.io, etc, but using one account to vote (abh12345) means that there is 'spare' voting power available when a post that I vote on doesn't use the likes of #palnet, #steemleo, #spt (for splintertalk).
Often over the past couple of weeks, my Steem VP has been as low as 80%, but my PAL VP is in the 90's and it's likely that for the foreseeable future, my LEO and SPT VP are going to be sat on 100% quite a lot of the time.
Say you vote on 30 posts a day, 20 of those use the palnet tag, and only 5 use the steemleo and spt tags, the VP of the latter is going to be sat idle at 100%.
With no option on these interfaces as yet to 'idle' the Steem VP and only vote with the 'local' VP, I've gone for the following approach for now.
You will need:
- A Steem account for each tribe/token
- A little SP to delegate to said account/s
- To know your way around @holger80's https://steemrewarding.com/
- To delegate (some of?) your PAL (or other token if/when the option is added) to this account
I did almost give up but was asked by the develper, @reazuliqbal, to try Steem Keychain with Firefox instead of Chrome, and it worked like a charm.
Next, I delegated a small amount of Steem Power to @abh12345.pal using this link:
If the account does nothing but vote, I think 25 SP will be plenty and I'll be keeping an eye on the Resource Credits for the pal account via Steemworld.
The interface looks a bit scary with so many options, but the ones I changed are:
- vote to follow = abh12345
- only main post = unchecked
- vote weight scaler = 350
- min VP = 75%
- include tags = palnet
vote to follow should be pretty obvious :)
only main post unchecked - because I want the abh12345.pal to vote on comments also (when appropriate)
vote weight scaler - This is the cool one. The reason for this whole exercise is that there are less palnet posts than Steem posts, and so I've told @abh12345.pal to vote with 3.5x the weight than my main account. This is the setting I'm most likely to be playing around with in the coming days.
min VP - A limit of 75% VP for @abh12345.pal, although ideally the above setting should help with number not be breached.
include tags - palnet. Do I need this setting? Not sure but it's in there for now
Delegating PAL (Or a n other token)
This is done on https://steem-engine.com and those with staked PAL will see an icon in their wallet that looks like this
Click, chose your alt, choose the amount to delegate and off the stake goes.
Whilst writing this post, I received unofficial confirmation that delegation options will be coming for LEO in the next week or so. So basically, I'll be repeating the above to target #steemleo posts with extra LEO VP :)
A 50% vote from the main account puts me pretty low down the pecking order here:
But the pal alt account landed just after my initial vote and is sitting pretty at the top!
Result - Spare PAL VP is used on the content I like, and @meesterboom loves me more :)
With an additional account, you are free to logon to the the appropriate interface (palnet.io in the example above) and bring out some potential reward management via downvotes. Currently there is a free one for palnet and not on Steem, and soon there will be 2.5 free ones on Steem, but will palnet.io follow right away, if at all?
Anyway, this is what I'm doing for the time being, feel free to critique and/or share your approach.