Announcement on Delegation Reward Mechanism (Effective January 1, 2026)

To ensure the long-term stability of the delegation service and to continuously improve overall voting efficiency,
xiguang will implement a structural update to the delegation reward mechanism by:

• Adopting a floating reward model.
• Continuing to keep delegation returns among the most competitive across the Steem ecosystem.
• This mechanism will officially take effect on January 1, 2026.

This approach is intended to balance flexibility with long-term competitiveness.

Delegation rewards will be dynamically determined based on a combination of the following factors:

• Actual curation performance
• Current delegation scale and voting efficiency
• Steem ecosystem and market conditions

This mechanism is designed to better adapt to reward fluctuations across different periods,
while maintaining system stability and optimizing long-term return performance.

Across previous periods, internal balancing and optimization have been applied where appropriate.
This update represents a further step toward a more standardized and sustainable long-term structure.

Thank you for your continued trust and support.

— xiguang

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关于代理收益机制的说明（自 2026 年 1 月 1 日起执行）

为确保代理服务的长期稳定运行，并持续提升整体投票效率，
xiguang 将对代理收益机制进行结构性更新，具体包括：

• 采用浮动收益模式。
• 持续保持代理回报处于 Steem 生态中最具竞争力的水平。
• 该机制将于 2026 年 1 月 1 日 正式生效。

该方案旨在在保持灵活性的同时，兼顾长期竞争力。

代理收益将基于以下多项因素进行动态结算：

• 实际 curation 表现
• 当前代理规模与投票效率
• Steem 生态环境及市场条件

该机制旨在更好地适应不同周期下的收益波动，
在保障系统稳定性的同时，持续优化长期回报表现。

在此前的不同阶段中，服务方已在适当情况下进行过内部平衡与优化调整。
本次更新，是迈向更加规范化、可持续的长期机制结构的重要一步。

感谢您一直以来的信任与支持。

— xiguang