Minnowbooster Update Log #5
Hey there,
@reggaemuffin here speaking for @minnowbooster with our next update post.
If you missed our intro, read it here:
https://steemit.com/minnowbooster/@minnowbooster/introducing-minnowbooster-beta
(Be wary that some details changed since then and it is only an overview)
We reenabled dynamic pricing of SP leasing on request of @beanz. You can now specify the price at which you want to lease SP in our UI. It may not be perfect yet but @beanz will try to assist you in using it :)
(edit) @thecryptodrive here ... we have taken an executive decision to postpone the dynamic markets for a short time, to allow the current model to gain more adoption; investors/ Lessors are more difficult to attain than are Lessees, therefore we need to keep ROI high in APR terms to attract the same.
Keeping delegation ROI high, preserves the value of SP as an exclusive commodity and is ultimately also good for the Steem price. Dynamic pricing is better served once we are geared for investors to also submit a counter offer, or ASK, if the Lessee BIDs on offer aren't suitable.
We are happy to hear your feedback on where to improve. Leave a comment below and join our discord server and we will listen.
We will try to make these updates a regular thing to keep you posted on the latest happenings for @minnowbooster. If you have something we should cover in the next update, tell us.
And last but not least we now have a cute little footer made by the most epic @ryivhnn! Yes, there are cute little minnows floating around!
Minnowbooster is a @buildteam project by @thecryptodrive @cryptomancer and @reggaemuffin
Thank you @minnowbooster i use it for my posts and it gives my posts a great boost and help me earn some SP and SBD that increases the voting power and my influence in the community. I feel so great on listning that you just upgrated @minnowbooster ..
@naseerbhat Thank You
It turns out @beanz saw the APR only after submitting the fill request and realises it is very low, her intention wasn't for the APR to be so low. It is a good point to note that we will need some sort of pre-submission calculator when we do properly introduce dynamic pricing.
At this point we need to encourage investors which are harder to obtain than borrowers, when the market has reached traction dynamic pricing would be beneficial to introduce at that stage, currently we are not there yet.
I really hope you guys bring the dynamic pricing back soon though. I know @beanz probably got lucky with that fill but at the same time, it's suppose to be an open market. With that fixed pricing, it's not a really good market for buying delegation either considering that you not only have to do a lot to break even, but worry about STEEM price potentially dropping as well.
In any case, you should probably consider dropping the APR a tad bit lower to attract more people to the service...but not too much that it causes an imbalance. +40% is considerably high even from my experimentation to break-even from buying delegation power.
Thank u all for making this a reality
Awesome footer @ryivhnn! :)
Thanks 😄
Nice update :)
Nice step taken by you. It'll definitely help a lot of people now. GOD bless you and your team @minnowsupport . I am a long term follower of your blog.
ese precio esta razonable
This is a great change! I have to admit that you are improving your services a lot:)
esta super esa informcion
Is the boost down? I sent a transfer 30 minutes ago. Still waiting. :)