The community has decided in our most recent poll 📊 to reduce the delegators' payout from 100% to 80%.
This change will free up funds for @DIYHub authors and help secure our contest prizes.
is active ▶️ from now on!
As a side note: Today we are paying out less than usual because our payout cycle starts from today on. Because of that the curation rewards have been calculated over only 2 days of curation. In 7 days all the receivers will get their full 7 days payment.
🙏 Thank you all for your input and votes to make this project more successful. With this important change, we can widen our exposure, create more compelling contests, and write more content for the DIY scene on Hive! By executing this big change we are also going to be more transparent with our funds in the future!
🔃 N E W F L O W
~70 HIVE: We have estimated curation rewards of 10 HIVE per day. Our goal is to improve this of course!
💸 P A Y O U T
In the past weeks, we have collectively considered ways to ensure transparency. We all agreed to create a new account, @DIYHub.Funds. This account will receive a 100% withdrawal route from @DIYHub, while we continue our recurring 90% withdrawal to generate liquid HIVE for our payouts so @DIHub.Funds will receive all of the powered down HIVE in future.
The account @DIYHub.Funds will then manage the distribution of the curation rewards as follows:
The account @DIYHub.Funds will then manage the distribution of the curation rewards as follows:
| DIYHub Delegators | DIYHub Authors | DIYHub Contests |
| 80% | 10% | 10% |
| This pool will be split among all delegators based on their delegated stake. | This pool will be distributed among the authors of @DIYHub posts, including compilations, reports, news, interviews, tips/tricks, and more. | This portion will be converted into HBD and put into savings to utilize the high APR. |
🚀 P O W E R U P @ D I Y H u b
After we have paid out all the rewards and sent our future contest prizes to HBD savings, @DIYHub.Funds will then send 50% of the remaining HIVE to power up @DIYHub. This way, we won't lose as much HP as in the past by holding liquid HIVE. We keep 50% in @DIYHub.Funds in case we unexpectedly generate more curation rewards than usual, ensuring we don't run out of liquid HIVE. Right now this parameter is set pretty pessimistically because we want to keep being able to pay out our stakeholders every single time. We are going to decrease the 50% allocation over time as we make experiences in this new way of fund management.
🙌 3 x T H A N K Y O U
Thank you to all delegators (and everyone else) who took the time to share their thoughts and vote in our poll. Of course we also greatly appreciate your delegations, as we heavily rely on them :)
A big thank you goes out to the @DIYHub team (and those who have been in the team in the past) for their effort in writing content for @DIYHub without any compensation!
And last but not least, thank you to the creators active in the DIYHub community! Without your content and contest participation, this project would not be alive!
A big thank you goes out to the @DIYHub team (and those who have been in the team in the past) for their effort in writing content for @DIYHub without any compensation!
And last but not least, thank you to the creators active in the DIYHub community! Without your content and contest participation, this project would not be alive!
We discover posts daily in various categories:
- CREATIVE: coding, self made cosmetic and beauty products, fabric work, yarn work, pottery paper work and art tutorials
- CRAFTING: 3d printing, electronics, jewelry making, metal and woodwork, upcycling
- HOME&GARDENING: building, decoration, gardening, homesteading, repairing
Share your Do-It-Yourself projects in the DIYHub community on HIVE with members with the same passion, interests and who will appreciate your work. Let's connect in the community and build strong and long lasting relationships on the HIVE blockchain!
You can contact us at any time via our discord server: https://discord.io/diyhub
Oh! you don't have an HIVE account yet? Sign up and start sharing!
side note: The new flow is active now but there is an issue with account.collateralized_convert() in the beem library. This method does not exists anymore so we are not able to convert the contest prize payout part from HIVE to HBD for now. But we are working on it :)