Monthly Stats And Delegating Out More LARYNX Tokens!

in LeoFinance2 years ago

The first of the month is the time when I do two things, crypto-related:

  • my monthly stats, including some adjustments (if needed), about the investments I check less frequently
  • I claim my LARYNX tokens, centralize them to this account, and delegate them out (this can be thought of as part of the adjustment phase I described above, but I wanted to mention it separately)

Monthly Stats

The bear market is fun... if you don't run these numbers in USD terms. Otherwise not so much. But still, it's the best time to build, and that doesn't refer only to platforms and software, but also to our own holdings. Growing the numbers of your core assets, just not in USD terms until later on, when bulls come out again and the economy is not in such a bad shape.

I need to upgrade the way I track these monthly stats because the way I do it now is unsatisfactory. What my monthly stats tell me now is what I have and where and their USD worth, as the universal unit of account. What it doesn't tell me, is how much of each tracked asset I hold (in most cases).

Sometimes knowing how much you have isn't very helpful, like in the case of shares in liquidity pools.

In other cases, it's technically impossible, unless I go into deeper details. That's the case with my Hive-Engine holdings (apart from diesel pools). I only keep a record of their total worth in USD, not broken down by tokens (although it might be interesting for a few of them to see the evolution).

But I'll probably have to find time to track these better. Knowing their numbers AND their USD worth is helpful all the time to have a clearer picture of where you stand and it helps you take better decisions. Only a USD price creates anomalies both in the bear market and in the bull market.

Delegating Out More LARYNX Tokens

So, as I mentioned I claimed my monthly LARYNX drop and centralized it into this account.

Then, I wanted to delegate it to the same account I already had delegated before.

I ran into some issues and, in the end, I delegated my claimed LARYNX, just to a different node operator, and that worked.

Still not clear if increasing delegation to the same node operator works from the interface or not. I didn't have time to properly test that further.

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I forgot that the drop continues!

Yep. Until January, I believe. 12 months.

Nice one. I need to start DCAing into this project

I need to start DCAing into this project

That would be nice. The price already grew significantly after the delegation was activated though (noticed by the USD worth of my stash).

Yeah I missed the airdrop but stil like the project.

I just started staking my larynx a couple of hours ago myself. Great project, I'm excited to see how this goes as that community grows.

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SPK Network is a monster of a project. One of those few projects that, if successful, will drive Hive forward in big leaps.

Thanks for reminding me to claim my LARYNX.

The bear market is fun... if you don't run these numbers in USD terms.

I think I need to stick this into my brain.

Then, I wanted to delegate it to the same account I already had delegated before.

I experience the same difficulty. I cannot increase my delegation to the same node. I think I will try delegating to another node.

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I experience the same difficulty. I cannot increase my delegation to the same node. I think I will try delegating to another node.

Well, maybe they haven't thought about it when designing the interface. It's a small bug if it is. Should be easily fixed.

I hope that the next time we visit, it's already fixed.

Thanks for the reminder. I am going to claim and delegate out my tokens right now.

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You're welcome! Right now is the best time. :)

I can't stress how shithouse the DLUX interface is.

Even by Hive front-end standards it is THE WORST.

What on Earth are the SPK guys, who have money, doing?!?!?!

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Yeah, the biggest issue I see is the lag. Hopefully, they can improve on that once One Block Irreversibility comes to Hive.

The interface itself definitely needs to be better. But this wallet is an improvement over what we had before.

Great post. I need to delegate my LARYNX. I just added that to my to do list. Thanks for sharing.

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Don't forget to claim them first for this month!

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