DUO Status Update + New Proposal - 7/15/24

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It's time for an update on how things are going with DUO! There's been a lot happening, so let's dive in and see the status of the project!

Note: There is a proposal at the very bottom concerning curation, so please take the time to read it and prove input in the comments.

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HP Growth
We opened up sales to early adopters. Right now we're sitting at 6,326 HP! That is amazing considering we're not even done with the month!

Everything has been powered up to this point. We'll be staking all Hive-Engine tokens earned through July to create a baseline for curation. After that, 90% of all tokens, HBD, etc., will be sold off and paid out as dividends. Only 10% will be staked or powered up in order to grow the project.

Right now, nothing has been delegated to the HOC account while we're still growing the project. We didn't set an exact timeline for this, but we will announce this change once it's effective.

Dividends and Tipping
Just as a reminder, you must stake 200 DUO to receive dividends and be eligible for post curation. The tipping requirements are as follows:

500 staked tips 0.1 (1x/day)
1k staked tips 0.2 (1x/day)
5k staked tips 0.3 (1x/day)
10k staked tips 0.5 (2x/day)

Stakers Spotlight
Here are the most recent posts curated by DUO stakers! Check out their posts and show them some love! 😁

@dbooster
https://peakd.com/@dbooster/three-tune-tuesday-isnt-it-a-pity-i-wasnt-made-for-these-times

@elevator09
https://peakd.com/@elevator09/psychology-behind-semantic-reactions

@trumpman
https://peakd.com/@trumpman/zig-looking-good--3s9

@gwajnberg
https://peakd.com/@gwajnberg/living-with-my-codes-and-the-others-codes-av8

@crazyphantombr
https://peakd.com/@crazyphantombr/keep-growing-with-leopower-up-day-9dj

Sales
Right now, DUO is being sold for 0.5 Hive each for early adopters. Of the 20,000 available around 12,676 have been sold. We've sold over 50% of the first tranche!

The next tranche of 40,000 DUO will be sold for 1 Hive each, so get in early while there's still time!

https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO

HOC Discord
Sometimes replying in comments works, and sometimes there's a lot more to be said. You can find @bulliontools, @bitcoinman and @thebighigg in the HOC Discord chat. We encourage anyone who wants to join and chat to feel welcome to drop in any time!

https://discord.com/channels/1190475304389587005/1192933087303180388

Curation Proposal Going Forward
As you all know, we initially started with 100% upvote weight for those staking 200 or more DUO. I (bulliontools), @bitcoinman and @thebighigg remain committed to receive 50% of the vote weight as everyone else.

As more early adopters have bought into the project, we've had to reduce the voting weight percentage to keep the mana sustainable at 80% or higher, and still provide substantial votes to those staking 200 or more DUO. The voting weight is currently at 70% for everyone except the three founders of DUO, which sits at 35% respectively. Even then, it's a challenge to give the mana enough time to recover.

In order to better serve DUO stakers with curation of their posts so that it's not just a small handful of people getting curated, we're submitting a proposal for everyone. We're proposing to shift to a tiered curation weight based on the amount of staked DUO a person has. Keep in mind that as more people buy into the project, the value of the vote will continue to grow, even if you remain in the same tier. Here are the proposed tiers.

200 DUO staked - 20% vote weight
500 DUO staked - 40% vote weight
1000 DUO staked - 80% vote weight

The goal here is twofold: to maintain the mana while curating as many stakers as realistically possible, and also encouraging people to grow their stake to reach higher tiers.

Naturally, as the project's HP grows, these tiers would be reevaluated. I foresee more tiers being added in the future, as stakes continue to grow and the need arises to add more tiers. The commitment to 200 DUO staked minimum to be curated will remain. The vote percentage may shift and higher tiers added, but that will remain the minimum.

What are your thoughts on this? We are open to alternatives, and appreciate everyone's feedback.

neoxian pimp leofinance slothbuzz waivio proofofbrain cent hoc
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36 comments
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!hiqvote

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!hiqvote

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!hiqvote !PIMP !DOOK !LOL !ALIVE

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Congratulations @duo-curator! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You received more than 10 HP as payout for your posts, comments and curation.
Your next payout target is 50 HP.
The unit is Hive Power equivalent because post and comment rewards can be split into HP and HBD

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out our last posts:

LEO Power Up Day - July 15, 2024
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The system of the tiers looks like a good solution for the mana-issue indeed. Perhaps having more tiers might be better, but that can be evaluated and adapted as the system is in place. I do think indeed that when the nr of stakeholders increases, continuing to give 70% for all will not be possible, and lowering it too much for all stakers equally, would maybe not be correct.

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I feel this is good.
Yeah, this should be fine✨

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I'm happy to keep it at the current high values 😅

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As more tokens sell the HP continues to climb, even the lowest tier in the future will likely have a very significant vote!

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No 60% tier? I guess I have to work harder to get 1000 staked 😅

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In the future there will be a need for more tiers, 60% may become one at that point! We too as the management team have to buy in, so I'll be working towards that level myself!

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A new challenge for me to reach the 1000 DUO, but I understand the decision.
!LOLZ

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Where is 60% tier?
Ok we understand

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We have taken you comment into consideration, announcement coming later today!DOOK !LOL !ALIVE

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Maybe it's my low language level. My English is pretty bad. I have stacked 200 DUOs. Twice I've received a dividend in the hive, now I don't get it anymore. Is that okay?

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This is only for curation on posts. Dividends won't be affected as they are paid out according the how much you have staked. The dividends you saw were part of a test to make sure the script was working correctly. On Aug 1 the dividends go live permanently.

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Looks like I'll be buying 500 more DUO over the course of this month, then!

So far, these tiers make sense. The current vote is quite tiny, but hopefully over time, it'll grow to be more substantial.

By the way, for what it's worth, I'm willing to give up early dividends to foster further growth. I think having this option available to stakeholders (maybe in exchange for a separate tier?) could have utility and make it stand out amongst other stake-based projects.

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This proposal isn't certain, so please don't base your purchases on the assumption this is "set in stone." We're simply looking for an alternative that ensures everyone who stakes a minimum of 200 DUO gets curated, without passing anyone over.

The idea of forgoing dividends for a higher upvote could help in the short-term. We could have those wanting the higher vote simply unstake their DUO and hold it liquid. We'll certainly look into the idea and discuss it. Thanks!

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DUO curation is one of the attractive features of staking DUO. I realize that this only one feature of DUO and that the upvote will increase in value as HP grows, but here's some math for context where the DUO curation rewards stand right now, the current 70% curation will earn the investor about 32% if they are curated daily.

200 DUO x 0.5 HIVE = 100 HIVE
HP 6326, VP 80%, Weight 70% = $0.0391 x 50 % author reward = $0.01955 / $0.22 = 0.0888 HIVE reward X 365 daily posting = 32.412 HIVE = 32.412% APR (Just Daily Curation Rewards)

Source

For Tiered Curation, the investor will earn 9% - 6.5% depending on the tier.

200 DUO x 0.5 HIVE = 100 HIVE
HP 6326, VP 80%, Weight 20% = $0.0112 x 50 % author reward = $0.0056 / $0.22 = 0.0254 HIVE reward X 365 daily posting = 9.29 HIVE = 9.29% APR (Just Daily Curation Rewards)

500 DUO x 0.5 HIVE = 250 HIVE
HP 6326, VP 80%, Weight 40% = $0.0223 x 50 % author reward = $0.0111 / $0.22 = 0.0507 HIVE reward X 365 daily posting = 18.49 HIVE = 7.4% APR (Just Daily Curation Rewards)

1000 DUO x 0.5 HIVE = 500 HIVE
HP 6326, VP 80%, Weight 70% = $0.0391 x 50 % author reward = $0.01955 / $0.22 = 0.0888 HIVE reward X 365 daily posting = 32.412 HIVE = 6.48% APR (Just Daily Curation Rewards)

Of course these APR will half for new DUO stakers who purchase at 1 HIVE. Investors gain other benefits as they increase their stake, but the curation APR for curation will become less efficient as they grow their stake.

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That's a fair point. The problem is if we don't adjust the percentage then ultimately some DUO stakers don't get curated at all. We're certainly open to alternatives. What would you suggest?

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It's tricky figuring a way to curate every supporter while maintaining high voting mana, so I can understand tiered curation. The goal is to encourage larger DUO holdings and increased HP. Some ideas:

  • Bounties for DUO advertising on threads: more DUO sales for greater HP generating more attractive curation rewards
  • A DUO:SWAP.HIVE liquidity pool: more DUO ownership which does not demand curation rewards
  • HP delegation, a reward structure for HP delegations
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Hi, I've reached 1K DUO stacked and I noticed that I have 2 X 0.2 Tips (instead of 1 a day as stated)
Just to let you know, I don't complain 😀
!LOLZ

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Thank you for the information, we'll have our dev look at that. Until it's fixed feel free to use both!

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