What is LOLZ Defi?
LOLZ Defi is a new way to earn passive income on the Hive Blockchain and includes these three components.
- LOLZ Curation
- LOLZ Farming
- LOLZ Dividends
Each component works together to provide value to LOLZ users, delegators, and holders. Lets take a look at each part and see if LOLZ Defi is right for you.
LOLZ Curation
When a user calls the @lolzbot using the !LOLZ or !LOL commands to tip an author an LOLZ, there is a chance that one or more of the LOLZ Curation bots will curate their comment and the author's post earning the user, the author, and the LOLZ bot some tokens.
Currently, there are 19 curation bots. The following table shows the tribes, bot accounts, and tags being used.
You might note that a couple of the big tribes are missing (LeoFinance and ProofOfBrain for example). That is because those tribes frown on automated curation and we want to be good Blockchain neighbors.
Curation earnings from the bots (with the exception of Hive, which comes 100% staked) is split in three ways - 50% is staked to the curation bot, 40% goes to the @lolz.pool to reward LOLZ holders (more on that below), and 10% goes to the LOLZ development team (@lolz.devs).
LOLZ Farming
As of today, you can farm LOLZ tokens by delegating Hive tokens to the LOLZ Curation bots (HIVE delegation coming soon!). We are rewarding delegators with LOLZ tokens equal to 110% of the value of the curation rewards the curation bots receive (calculated based on a weighted average of the last 50 trades for each token).
For example, lets say you are contributing 10% of the total MEME power to the @lolz.meme bot. In this example, for every $1 worth of MEME tokens earned by @lolz.meme, you will be rewarded with $0.11 worth of LOLZ. LOLZ Farming rewards are paid out daily to all delegators (minimum of 0.00000001 LOLZ earned per token for payout).
You can delegate your staked tokens using ether Hive-Engine, Tribaldex, or LeoDex. Here is a quick walk through on how to delegate using Tribaldex.
First find the token you want to delegate, here we are going to delegate ONEUP. Click on the arrow pointing up.
Next fill in the appropriate bot account to delegate to (in this example it is @lolz.oneup because we are delegating ONEUP) and the amount you want to delegate.
Click "Delegate" and you are done! Sit back and collect your LOLZ Farming rewards every day.
Just be sure you delegate to the correct bot account, i.e., ALIVE to @lolz.alive, CTP to @lolz.ctp, etc. LOLZ rewards will only be earned when delegating tokens to the corresponding bot. Refer to the table above to make sure you have the correct bot accounts.
There are a couple of reasons you may choose to delegate to our LOLZ Curation bots and farm LOLZ tokens.
First and for most, our bots are VERY efficient. Each bot works 24/7, 365 days per year curating at a voting power of 99% on average. That means odds are you will earn more delegating to LOLZ Project than you could by curating on your own.
The LOLZ curation bots have been running for a couple of months now, so we have some data on the kinds of returns you might expect and some of them are rather eye popping.
A second reason is that LOLZ rewards will be 100% liquid. Some tribes send out only part of their curation rewards in liquid tokens with the rest coming to you staked.
Finally, by holding your farmed LOLZ tokens, you can participate in the LOLZ Dividends program and earn even more Hive tokens.
LOLZ Dividends
How was that for a transition? !LOLZ
As mentioned above, forty percent of curation earnings are paid out as dividends to the top 125 LOLZ Stakers (updated!) LOLZ Headliners (holders of 512 or more LOLZ) on a pro-rated basis weekly. Currently, dividends are paid out for two to three tokens per day, such that all pool rewards are paid out once per week.
For example, if there are two Headliners, one with 2000 LOLZ, and one with 1000 LOLZ, the pool would be paid out to the two headliners. The first receiving 2/3rds of the dividends, and the second getting 1/3.
Questions?
We will be happy to answer any question you may have. In addition, you can contact us on Discord.
About the LOLZ Project
LOLZ Project is an engagement project with the mission of spreading laughter and joy on the Hive blockchain. Hive users can use the !LOL or !LOLZ command in comments to share a clean joke and tip the author an $LOLZ token.
Help Support the LOLZ Project
Here are a few ways you can help the LOLZ Project.
- Use the !LOL and !LOLZ command often to tip fellow Hive authors.
- Upvote and re-Hive our posts. All rewards will be used to help cover server costs and increase curation value.
- Delegate Hive tokens and earn LOLZ Farming rewards.
- If one of our jokes makes you smile, consider giving it an upvote.
- Follow @lolztoken and participate in our airdrops, contests, and giveaways.
This project is really starting to heat up!
Thanks! !LOLZ
lolztoken.com
A poultry-geist
Credit: reddit
@ggbits, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/10)
Oh my! How come I only know this after powering up my layer two tokens and doing the curation on my own. Anyhow, I am just in my first month and still have time to correct it.
!LUV !PIZZA !LOLZ
Posted Using LeoFinance Beta
@gillianpearce(2/5) gave you LUV. H-E tools | connect | <><
lolztoken.com
But it was too corny.
Credit: reddit
@lolztoken, I sent you an $LOLZ on behalf of @gillianpearce
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (2/4)
Thanks for the support! !LOLZ
lolztoken.com
A broom closet.
Credit: reddit
@gillianpearce, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (6/10)
A MEME, LOLZ curation initiative.
Count me in.
I will be delegating at some point.
!LOLZ
We knew we could count on you! !LOLZ
lolztoken.com
She had a mean spirit
Credit: reddit
@rentmoney, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (9/10)
lolztoken.com
They paint their toenails red and hide in strawberry patches!
Credit: reddit
@lolztoken, I sent you an $LOLZ on behalf of @rentmoney
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/6)
Fabulous!!!
Thanks! !LOLZ
lolztoken.com
We're a cover band.
Credit: reddit
@silversaver888, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (10/10)
Sounds like I'm going to need to pick up some more !LOLZ
lolztoken.com
A courant bush.
Credit: reddit
@lolztoken, I sent you an $LOLZ on behalf of @imno
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/6)
What great news, now I enjoy having supported this token from the beginning.
!LOLZ
lolztoken.com
now we just call him Phil.
Credit: reddit
@lolztoken, I sent you an $LOLZ on behalf of @yeckingo1
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (5/8)
You are our biggest fan! !LOL
lolztoken.com
By the number of gigs it has.
Credit: reddit
@yeckingo1, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (3/10)
very excited about this myself!
!PIZZA
!LOLZ
!LUV
Thanks for the tokens! !LOLZ
lolztoken.com
Of course, those are only round figures.
Credit: reddit
@forsakensushi, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (11/10)
@forsakensushi(5/5) gave you LUV. H-E tools | connect | <><
lolztoken.com
A horse-pital.
Credit: reddit
@lolztoken, I sent you an $LOLZ on behalf of @forsakensushi
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (5/10)
very nice initiative! !1UP100 !PIZZA !PGM !LOLZ !Giphy
100 PGM token to send 0.1 PGM three times per day
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day
Discord
Support the curation account with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
lolztoken.com
We have the same taste in clothes.
Credit: reddit
@lolztoken, I sent you an $LOLZ on behalf of @dynamicrypto
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/1)
Thanks! !LOLZ
lolztoken.com
... sky diving is not for you!
Credit: reddit
@dynamicrypto, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (4/10)
Fantastic initiative guys, really need to stack myself more LOLZ so I can call the bot more often. Added benefit of spreading some joy/tipping tokens to people you engage with.
Will be looking into what tokens I have but don't curate for that I can delegate to the bots, keep up the amazing work team.
!LOLZ
lolztoken.com
Listen buddy, i'm going to be frank with you.
Credit: reddit
@lolztoken, I sent you an $LOLZ on behalf of @dubble
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (2/4)
Thanks! Yeah, the key is getting those tokens you don't curate much earning their keep. !LOLZ
lolztoken.com
One without a spring.
Credit: reddit
@dubble, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (5/10)
You have received a 1UP from @dynamicrypto!
@meme-curator
And they will bring !PIZZA 🍕
Delegate your tribe tokens to our Cartel curation accounts and earn daily rewards. Join the family on Discord.
Thanks for the support! !LOLZ
lolztoken.com
The worst thing about time travel jokes is…
Credit: reddit
@curation-cartel, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (12/10)
These is a great initiative.
Impressive
Thanks! It took some work, but we are glad we got it done. Now to promote promote promote. !LOLZ
lolztoken.com
We have the same taste in clothes.
Credit: reddit
@vickoly, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (7/10)
Am glad you stood firm till it's achieved.
What can I do?
That was some exciting news! Great news guys definitely going to delegate you some power! Keep up your good work!
!LOLZ
Awesome! Thanks for the support! !LOLZ
lolztoken.com
By the number of gigs it has.
Credit: reddit
@lofone, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (8/10)
lolztoken.com
Mutton Honey.
Credit: reddit
@lolztoken, I sent you an $LOLZ on behalf of @lofone
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/4)
so many delegations to do :o
!lolz
!pgm
This is a fairly good initiative and I like that you want to expand the features. !LOL
Posted Using LeoFinance Beta
lolztoken.com
One without a spring.
Credit: reddit
@lolztoken, I sent you an $LOLZ on behalf of @jfang003
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/6)
This is awesome news and a great move forward!
!LOLZ
lolztoken.com
Because he conditioned it.
Credit: reddit
@lolztoken, I sent you an $LOLZ on behalf of @vcclothing
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (1/1)
!LOLZ
lolztoken.com
ERROR: Joke failed.
@ehizgabriel, You need more $LOLZ to use this command. The minimum requirement is 16.0 LOLZ.
You can get more $LOLZ on HE.
Its great we cant use more tag !lol
lolztoken.com
ERROR: Joke failed.
@johndieo, You need more $LOLZ to use this command. The minimum requirement is 16.0 LOLZ.
You can get more $LOLZ on HE.
Awesome, we always reading the jokes and love it all! Keep it up!
Thanks! !LOLZ
lolztoken.com
Fish and ships.
Credit: reddit
@stickupfilm, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (13/10)
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
PIZZA Holders sent $PIZZA tips in this post's comments:
curation-cartel tipped lolztoken (x1)
dynamicrypto tipped lolztoken (x1)
gillianpearce tipped lolztoken (x1)
@forsakensushi(1/10) tipped @lolztoken (x1)
Join us in Discord!
Keep up the good work! @tipu curate
Nice I like the idea that lolz is bringing the fun to farming
!LUV !PIZZA !LOLZ
@isaac7378, sorry! You need more $LUV to use this command.
The minimum requirement is 10.0 LUV in your liquid wallet.
More LUV is available from Hive-Engine or Tribaldex
@isaac7378, sorry! You need more to stake more $PIZZA to use this command.
The minimum requirement is 20.0 PIZZA staked.
More $PIZZA is available from Hive-Engine or Tribaldex
Cool Stuff
!LOLZ
I am unblocking my tokens to bet them on lol I hope to be able to delegate enough and increase as time goes by because I really like the offer that the bots heal for me
Sounds good. I'm not sure what "unblocking" means though.
that I have all my tokens in stake and they will be enabled from day 5
You need to keep them staked, you just need to delegate them.
!LOL
lolztoken.com
Single service.
Credit: reddit
@lolztoken, I sent you an $LOLZ on behalf of @nahueldare3627
Use the !LOL or !LOLZ command to share a joke and an $LOLZ.
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
(1/1)
Oh, and !LOLZ
lolztoken.com
He had no chance against all 5 of us.
Credit: reddit
@nahueldare3627, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ.
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
(1/10)
How do I make my comments have that? I placed the command but nothing happened, it is to tip the people who comment to me, right?
Good one. I delegated to @lolz.alive . see what will ge returned. 😁
Thanks for your delegation! Enjoy the farming rewards! !LOLZ
lolztoken.com
Lots of gigglebytes!
Credit: reddit
@splinterbin, I sent you an $LOLZ on behalf of @lolztoken
Use the !LOL or !LOLZ command to share a joke and an $LOLZ.
Delegate Hive Tokens to Farm $LOLZ and earn 110% Rewards. Learn more.
(1/10)
thank you.
Hey, do i have to stake, hodl or add the lolz to a pool to get dividends?
Thanks for your question... and love the username. !LOLZ
So a bit to unpack here.
lolztoken.com
But CAT scan.
Credit: marshmellowman
@funnylol, I sent you an $LOLZ on behalf of @lolztoken
Farm LOLZ tokens when you Delegate Hive or Hive Tokens.
Click to delegate: 10 - 20 - 50 - 100 HP
(1/10)
Thanks for the help
quiero delegar y no me sale la opcion para delegar
!LOLZ
The translation was clear 🤣 Made my first delegation to the #LOLZ bot.
It's a wonderfull oportunity, thanks, !LOLZ
This is a really old post, but I'll slap an !lolz on you none the less!
lolztoken.com
I don’t know, but the flag is a big plus.
Credit: thales7
@nony, I sent you an $LOLZ on behalf of lolztoken
(2/10)
So good opportunity for earning many rewards
Saludos, Excelente muy bien
thanks for this great explain how works
!pizza
!lolz
!contests
🙂👋💯