Why LEO Authors & Curators Earn More than Hive | The Pool Debate

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Published on Oct 06, 2020

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Why LEO Authors Curators Earn More than Hive The Pool Debate.mp4.png

One of the core tenets of Hive is to provide the base layer for community-level tokenization and second or first layer protocols to build on the idea of a social rewards ecosystem.

LeoFinance has taken the second-layer approach and built the LEO token economy around our community. As one of the largest communities on Hive, we’ve seen an explosion in the number of users that utilize our platform and earn LEO rewards.

All of this growth has plugged us directly into the debate that goes on more broadly on the Hive blockchain over the rewards pool. The debate is generally over the way that the pool is structured.

Some argue that there is no need for a Hive rewards pool. Instead, users should focus on community tokenization which could come in the form of layer 1 or layer 2 tokens built on Hive.

The other side of the argument is that nobody would be incentivized to create content and build the ecosystem if there was no reward pool.

Where LEO has come into the mix is as a showcase of what’s possible with niche communities and layer 1/layer 2 rewards pools. Authors and curators on LeoFinance are earning more than authors and curators on Hive.

We continually track the rewards of our top 25 authors each month and have been seeing a widening gap between the rewards they earn on Hive compared to the rewards they earn on LEO.

Some of these authors - like @rollandthomas and @scaredycatguide - have been blogging about crypto & finance on Hive/Steem for years now, yet the now earn more from LEO than they ever did from Hive. In fact, 85% of Rolland’s total USD rewards each month come directly from LEO as opposed to Hive.

The key is that these authors - like many others - create content that is highly relevant and valuable to LeoFinance and our community. This is one of many benefits to belonging to a niche community that has its own token and one of the core arguments in the debate over the Hive rewards pool and how community-level tokenization comes into play.

In this video, we mention the monthly author reward leaderboard post in which we compare the top 25 LEO authors and see what % of their rewards come from HIVE vs. LEO.

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LeoFinance is a blockchain-based social media community for Crypto & Finance content creators. Our tokenized blogging platform (https://leofinance.io) allows users and creators to engage and share content on the blockchain while earning LEO token rewards.