Warning! Delegation market is overfilled. Send STEEM at Your own discretion.

Hey!

So we want to post a little warning. As You may know, there have been crazy times for steemit during the last weeks. SBD prices were over $10 at one point and the price of STEEM has almost doubled. But with every growth comes it's own setbacks.

Three days ago, @minnowbooster changed their STEEM Power market delegation system to offer custom prices on leaseing SP (post here). Also, this kind of boom in SBD prices has made leasing SP very appealing to a lot of people. Those two effects combined, have resulted in a huge number of people wishing to lease SP and a lot less of people willing to fill those leases. There are over 170 open lease requests on the market right now and almost none of them are getting filled.

Right now it is not advised to send any more STEEM to @minnowpowerup until the lease market is more stable. We have 3 big lease requests up and one more has already expired as it found no delegators for 3 days. In addition, we have couple of delegations cancelled from the pool. We have tried different prices for the SP but it seems the price right now is only going up, as there are too many people who wish those delegations. Also blocktrades offer SP delegations but they have been completely sold out for a long time now. And there is smartsteem.com but nobody is using it right now.

Luckily, @minnowpowerup is still profitable but only due to the high SBD prices and only when You make posts 50/50 between STEEM and SBD. But sending more STEEM to @minnowpowerup will dillute the pool more for everybody until we can get those big leases filled. Unfortunately, there is little we can do to improve the situation as we are at the mercy of the delegation market (as stated in the intro post).