Yes, that's the basic notion.
And I think I agree with your second paragraph; but it would be worth looking into how big typical whale curation earnings are. In my days as top curator, I was earning around 50% APR effectively. My clients were getting considerably less; say 20%. They were all top-25 best curators. So I need to look into it closer, but I wouldn't be surprised if all but the top 100 curators are earning less than 10% on their curation.