Earning Staked $WOO Thru HP Delegation
There are a lot of ways to earn here on Hive and one of them is delegating some of our Hive Power to projects or communities. While some pay delegation rewards in the form of liquid HIVE, others like Wrestling Organization Online (WOO), InLeo, and Holozing reward their delegators in their own token ($WOO, $LEO, and $ZING, respectively). To me, that is the easiest way to earn tokens that we are interested in accumulating. And while doing that, we also support the projects in their development stages.
The good thing about delegating Hive Power to those who pay delegation rewards in any form (their project token or HIVE) is that we kind of get rewarded passively because we do not need to be actively doing things to earn something.
For example, I have delegated some HP to the WOO Hive account which is allowing me to earn $WOO tokens that I can claim manually with just a few clicks on my dashboard in their site. Currently, the APR on HP delegated to WOO is at 18.77% which is still quite decent in my opinion. And I read that there might be more WOO rewards for HP delegators.
The earnings are compounded because when I claim them (claiming can be anytime too), they are automatically added to my staked WOO, thereby increasing my staking rewards which at the time of this writing, the staking APR is at 16.74%.
Another option for the earnings could be to unstake them (it takes 4 transactions in 28 days, shorter than powering down HP) and sell or swap them for liquid HIVE to take advantage of other trading opportunities or I can choose to stake the HIVE to grow my Hive Power which in turn will increase my voting value (more curation rewards). I rarely do this though because I usually just keep the tokens as they come.
Yes, I'm temporarily losing the associated curation rewards (HP) during the period our Hive Power is delegated but it is enabling me to add another token to my portfolio which to me is still nice. In addition, I can choose what to do with the earnings (as mentioned above).
Either way, it's quite a win-win. And I like the fact that delegating to the project helps it even in the smallest way. The WOO game is still in Beta and I believe there's so much more room for it to grow. So yeah, I'm taking the opportunity to add more to my small stacks.
For infotainment only.
Lead image edited on Canva. Logo from WOO. No copyright infringement intended. 29122023/18:00ph
Posted Using InLeo Alpha
I know about the delegation but my confusion is knowing where to send my delegation to so that I can earn. I would delegated 100 of my HP now. But identifying the right project is my problem. Can you help with that?😍
It depends on what you want to earn with your delegation.
Where should I delegate to earn Hive or $Leo?
If you want to earn LEO, you can delegate HP to @leo.voter
Various communities (OCDB, Hive Pakistan, etc) pay HIVE as delegation rewards.
Right!
Thank you
Wao, this is a nice update as you have always been doing. How do I go through this process of delegating? I would love to do this so I can support the project and have a stake also. I checked through the site but I don't seem to understand them too well
You can delegate to @wrestorgonline using any means (Keychain, Peakd, Ecency etc). Or you can do it too on the site but you need to log in using Keychain.
But since you mentioned you don't understand them too well, it might be better to check them first and understand how it works before you delegate. Unless you just want to earn $WOO hehe.
Okay. I think I will just delegate to them and just earn the woo token and if there is anything else will do them later. Thanks for your update.
All the best :)
!PIZZA
Thanks ma'am
It is good to be investing in coins during this time as it will help
If we believe in their potential, then yes :)
!LADY
View or trade
LOHtokens.@ifarmgirl, you successfully shared 0.1000 LOH with @precab and you earned 0.1000 LOH as tips. (4/20 calls)
Use !LADY command to share LOH! More details available in this post.
Whenever I read this kind of post, I feel very much interested and motivated to delegate HP in every project. Later I can remember that I don't have many HP😅. So before having many HP it's not easy to delegate. In my case I need planning. According to my plan I planned to give highest 30% of my HP and everything was going well but in the middle Holozing appeared and I will need to go against my 30% rules. So after joining the Holozing party I will be blind for several months until my total delegation become 30%.
!PIZZA
$PIZZA slices delivered:
intishar tipped ifarmgirl
ifarmgirl tipped typebox
@ifarmgirl(5/5) tipped @aloysiusmbaba
ifarmgirl tipped the-lead
This is very nice and the APR is not bad too
I may give it a try
Thanks for sharing with us
https://twitter.com/LovingGirlHive/status/1740736297004937429
Information is always key , in this instance you've been able shed adequate light on earning stakes through delegations which I'm sure will be handful to individuals on here . More power to your elbow !
Thank you. I think most people already know how delegation works :)
!PIZZA
https://twitter.com/lee19389/status/1740788291711234511
#hive #posh
I think these are smart and convenient ways to channel in extra rewards on the platform. Though I may not be able to try them out because of my insufficient hp. Thanks for sharing.
Thank you and it would be good to build your stack first :)
!PIZZA
https://twitter.com/jewellery_all/status/1740843253820256682
I guess I will need to make some delegation soon also
That's nice! All the best to you :)
!PIZZA
Same ba yang WOO na listed sa Binance?
Nope, magkaiba sila :)
This is good I think I will do same soon.
All the best to you, !LADY :)
View or trade
LOHtokens.@ifarmgirl, you successfully shared 0.1000 LOH with @ijebest and you earned 0.1000 LOH as tips. (3/20 calls)
Use !LADY command to share LOH! More details available in this post.
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