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RE: News from Chintai - Lease out tokens in the Jungle

in #eos6 years ago

Interesting. I'm not a tech guy and a little confused on how this would work. So if I lease my EOS to someone, does it stay in my wallet? That may be a dumb question...I'm just trying to wrap my mind around it.

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In fact this is a very important question. Basically you send your unstaked EOS you want to lease out to their smartcontract, once the lease is taken you will get the fees for the lease at once. In the first version, you will loose your voting rights, but its said it will be possible later one.
Btw. my final article on trybe covers those things: https://trybe.one/chintai-eos-leasing-coming-out-of-the-jungle/