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RE: Holding STEEM POWER -- why it is good for you, and all of us too. (Commitment Rewards Explained)

in #steem7 years ago

I'm still curious about the details behind "STEEM POWER accumulates even more SP just by holding it" too. Would I have the regular redeem prompt in my wallet when that happens, or does it just slowly go up on its own?

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On its own automatically. The one you push is curation + author rewards only.

To see it happen, don't push the one that asks you to claim it. Write down the number of steem you have in steem power and come back in 3 days. Watch it go up and up. Over the course of a whole year, and without you having to do anything, it increases.

Does anyone have an idea what the APR is equal to then?

https://steemit.com/steem-help/@jerrybanfield/steemit-updates-summarized-from-launch-to-19-0

It's part of the quote I used above, but goes into more detail (which is what you are looking for)

It's not a fixed rate. It's a percentage that can change. In general holding steem power always means your power increases the majority of the time. Read that blog post for more.

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