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RE: SP distribution by account sizes

in #investmentlast month

I wonder if someone could get some exchanges to start offering staking services.

It would probably be a big accounting headache to match individual staked amounts on the exchange to the amount powered up/down by the exchange account. They would probably also have a hard time tracking and reporting the "staking rewards" to distribute to individual accounts.

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Yeah, it would be a pain to code, but not insurmountable, I guess. Coinbase does it with Ethereum and other tokens.

I'm not actually sure if it would be good for STEEM, though. I am pretty sure that it would drive down the interest rate (which is small to begin with). Not sure if it would impact curation rewards.

Yeah, it would be a pain to code, but not insurmountable, I guess.

I agree that it's likely possible, but I doubt an exchange would want to do a lot of custom coding support for Steem, especially since there isn't easy API support for it.

Coinbase does it with Ethereum and other tokens.

I'm not sure how other chains do things, but I suspect their staking rewards are tied to particular transactions on the chains rather than the vests/SP thing that Steem does, so they look more like discrete transfers that can be credited to individual accounts on the exchange.

Not sure if it would impact curation rewards.

I think it would only do that if the exchange accounts voted, the rewards distribution is based on actual votes recorded on posts, not possible voting power.

I think it would only do that if the exchange accounts voted, the rewards distribution is based on actual votes recorded on posts, not possible voting power.

Yeah, that's what I was thinking...

I'm not sure who that dunamo exchange is, but with 190 million STEEM, they could maybe collect some nice fees with a staking service. Might be worth the effort. No idea, but that's a lot of STEEM.

Well, Dunamu is a company name. It operates Upbit, the cryptocurrency exchange with the largest market share in South Korea.
Hope this help. :)