It's that time of the month again! Leo Power Up Day (LPUD) is upon us!
One of our most beloved events is back and with a few twists!
In fact, before exploring the news of LPUD itself, let's take a look on an important piece of news for the whole InLeo community that impacts LPUD directly, but not exclusively.
leo.voter delegation tiers
Until recently, you could delegate any amount of Hive Power to leo.voter to earn $LEO tokens at around 16% APR. About a week ago, the InLeo team decided to shake things around and create different delegation tiers for leo.voter, making it possible to get up to 22% APR on your delegation!
That's obviously good news for delegators, but how does it impact the rest of the community and LPUD?
Well, in order to make it to the top delegation tier and get that sweet 22% APR, you need, among other things, to opt to get your rewards in staked form (as opposed to liquid) and also, your account must be in HODL mode, meaning you can't have powered down $LEO in the last 3 months, or you will go back to tier 1.
And that's where things get interesting because it will likely incentivize people to hold their Leo Power, meaning less and less liquid $LEO will be hitting up the market.
That will not only contribute to increasing the token's price but will also make it potentially more difficult to participate in LPUD.
Sure, the team may adjust the minimum requirements to participate but the market will likely get a lot thinner, and that's a good thing!
Leo Power Up Day
Well, now that we have covered this huge piece of news that impacts InLeo as a whole, let's talk about what's new to LPUD, specifically.
But before that, let's take a step back and explain the basics of Leo Power Up Day for those who don't know it:
Every month, on the 15th, the InLeo community gathers to show their support for the ecosystem by powering up LEO tokens. Taking part in LPUD helps stabilize the token, therefore contributing to the community, but it can also be very beneficial to all individuals taking part in the event.
That's because there are prizes to be won!
In order to be eligible for those prizes, you must power up at least 50 or 150 LEO on the 15th. Participating with 50 $LEO will make you eligible for some of the prizes, but if you want a shot at the biggest prizes, you must power up at least 150 $LEO.
There are also a few other requirements, that you will find below:
- Your total Leo Power (on the 15th) must be less than 25k.
- You must power up at least 50 Leo on December 15.
- You must not have powered down Leo since September 15.
- Make a post on InLeo about LPUD, why are you joining, what do you think about the initiative, the community or anything related to InLeo (A Thread is not enough).
The prizes are mostly in the form of LEO Power delegations, but this month, there is an important change: 10 lucky lions who power up at least 150 LEO will get a Premium subscription!
For a full list of prizes, make sure to check out the official announcement!
My LPUD
As always, I showed my support to the community and powered up some $LEO. I always try to participate on the maximum tier and this month was no different as I powered up roughly 290 tokens.
This was potentially the last month of my being eligible for prizes since I'm very close to the 25k LEO Power range, but even when I cross that bridge, I will continue to participate and promote this event because I believe in its importance for the InLeo community.
If you made it to this point, I hope I made a good enough argument for LPUD so don't waste another minute and go power up some $LEO!
Posted Using InLeo Alpha
