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RE: @tipU Investors Report 08.05.2018: New Features Overview, New Delegations
It's basically lending your STEEM POWER to someone else :) Check out this post:
https://steemit.com/steemit/@liberosist/a-brief-guide-to-delegating-steem-power
The cool part is that even that you're lending the SP, you still have full control over it and you can un-lend it anytime you want. There is no way that someone can steal it from you or do any other harm to your steem account.
Thank you @cardboard. Still looks terribly confusing. Just reading through that post makes my head swim. (No minnow pun intended.) LOL Do you have to have Whale status to delegate?
Nope, you can delegate even 0.001 SP - this still will be tracked by @tipU.
Delegaing around 1 SP should be enough for daily payouts :)
Thanks!!