Rent & Lend Steempower on the minnowbooster market

in #steempower7 years ago

GO TO THE MARKET: http://www.minnowbooster.net/market

In the world of fiat currency, lending and leasing are tools the stimulate economies, when banks lend freely, economies thrive.

The @minnowbooster project does just that, Steem economic stimulus and decentralisation of voting power by spreading the utility of Steem Power to the masses. The proverbial "Robin Hood" of Steem Power!

The rich however need incentives to lease out their SP, so that is why there is an APR return which is roughly NETT of 41.6% after considering the 1 week SP cool down and our facilitation fees, if you consider the fact that rewards are paid out daily and if you re-invest to further delegation, you will effectively earn up to 49% APR with the compounding.

Right now we need investors to timeously fill orders and help boost the Steem economy by providing Steem Power liquidity.
Alright but how do I invest?

It's quite easy actually, first go to http://www.minnowbooster.net/market, here you will see all listed requests ready to be filled.

So what do all of these columns mean?

  • User - That's the person who wants to lease the Steem Power

  • Delegation (SP) The amount in SP they want to lease

  • Delegation (VESTS)- The SP amount shown as VESTS, vests are a more accurate representation of SP as shown on the
    blockchain, basically SP x roughly 2100 + VESTS.

  • Weeks - The number of weeks the Lessee wants to lease for, minimum is one week.

  • Payment - The total payment the Lessee will pay and the Lessor (investor) will receive over the entire contract period, paid daily prorata to the investor for the security of the Lessee.

  • NETT APR - The percentage profit the investor / Lessor will earn.

    Expires At - If the order hasn't been filled by this time, the Lessee will receive their money back and the order cancelled, this is three days from inception.

Let's Get Into it!

As an investor all you have to do is select the contract you wish to fill, note you can sort in order of ascending or descending contract size by clicking the heading.

Here we see an order of the largest contract at the top:

This will time-lock the button for ten minutes so no-one else using our site can collide with your transaction.

On the next page you will see a summary of the transaction you are about to enter into.

All you need to do here is enter your Steem name you wish to lend Steem Power from and press the button, but please be sure to not delegate all your Steem Power, leave behind at least 10 SP or more.

The next page is just a summary page:

Conclusion

You now know how to delegate Steem Power to other Steem community members in a safe way, ensuring you always get paid, no need to run around and chase after payment from anyone and you are helping make a difference to many smaller users who don't know what it is like to have the utility of Steem Power to feel more engaged in the community.

Please help us fill as many orders and you can, you too can be Robin Hood and make a profit while helping others gain the utility of Steem Power, not to mention it is a form of advertising of yourself on our "Filled Orders" list as well as to the person you delegated to, who also receives a notification letting them know who their benefactor is.

Sort:  

This post has been ranked within the top 80 most undervalued posts in the second half of Jul 19. We estimate that this post is undervalued by $9.67 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Jul 19 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

Congratulations @steemtools! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got your First payout

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @steemtools! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of upvotes

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Coin Marketplace

STEEM 0.27
TRX 0.11
JST 0.031
BTC 67138.06
ETH 3678.23
USDT 1.00
SBD 3.73