Hive AutoClaim Services update - Claim your HBD interest automatically

(edited)

The Hive Autoclaim Services have been updated with a new feature to help you automatically claim your interest on HBD savings.

What are Hive Autoclaim Services?

For those who don't know yet, Hive Autoclaim Services are cloud services that automatically does all the dirty work for you and claim any available Hive and Hive-Engine token, 24 hours a day!

Every hour, it tells the blockchain to move any available Hive rewards (HIVE, HP or HBD) into your wallet. It also performs the same operation for any available Hive-Engine token(s) once per day (Hive-Engine does not allow you to do it more often, whether manually or automatically).

Not only does it frees you from the task of claiming your tokens, but it also makes your wallet grow faster!

For more information, read the userguide

What are HBD interests?

On the Hive blockchain, witnesses have the option to set an interest rate for the HBD that users hold. For a long time, this interest rate was set at zero. But the witnesses recently decided to raise it and the HBD interest rate is currently 10% per year.

In addition, as of 2021-06-30 when the hardfork 25 was activated, interest is now only paid for HBD which are stored in savings.

An important thing to know is that the interest is not paid annually, but every 30 days. This means that if you add up the interest received every month, you can obtain an effective rate a little higher than the 10% advertised.

Another important thing to know is that this interest is not paid automatically every 30 days, but you must claim it!

How to claim my HBD interest?

To collect your interest, your HBD savings balance must be changed.

Indeed, each time this balance is modified, the blockchain code checks if there is no interest that must be paid and if so it makes the payment.

There are several ways to modify your HBD savings balance:

  • Make a transfer from your Liquid HBD to your HBD savings.
  • Make a transfer from your HBD Savings to your Liquid HBD.
  • Ask someone else to transfer HBD to your HBD savings.
  • Transfers HBD from your Savings to someone else.

The amount does not matter. A transfer of 0.001 HBD will do the trick.

What if I don't claim my interests?

Nothing serious, it will continue to grow, but on the basis of the capital in your savings.

As you do not add the interest, it will increase less quickly. Therefore, you lose the possibility of benefiting from a slightly higher rate as mentioned above.

Hive Autoclaim Services to the rescue.

What if you could automate your HBD interest collection?

This is now possible thanks to the Hive Autoclaim Services and to a new operation introduced with harfdork 25: recurring payments.

Recurring payments allow you to ask the blockchain to execute transfers at regular intervals.

As we have seen previously, it is such a transfer that is necessary to modify your HBD savings balance and trigger the payment of interest. Unfortunately, the recurrent_transfer operation does not allow you to make transfers to yourself and it does not allow you to involve your savings.

If you want to automate this process, then you need a third party.

This is precisely what Hive Autoclaim offers you!

How does it work?

Each time the @ hive.autoclaim account receives HBD, it will send them back to the savings of its sender, which will automatically trigger the payment of interest payable if there is any.

You can do this transfer manually, but also automate it by creating a recurring transfer every 721 hours (30 days + 1 hour).

How can I create a recurring payment?

For the moment, only Peakd and Hive Keychain allow you to perform such an operation easily.

1. Using Peakd

Create an HBD transfer and activate the "recurring" toggle:

Note: Unfortunately, Peakd does not allow defining the recurrence in hours.

2. Using Hive Keychain

Create an HBD transfer and check the "Recurrent Transfer" checkbox:

In both cases, confirm your transfer and you're done. Every month or so, the blockchain will initiate a transfer from your account to @hive.autoclaim and the last one will bounce it back to your savings.

Warning: Be careful to create your recurring transfer when you have interest that you can claim because the first transfer will be executed immediately. You could lose a few precious days if you had no interest in claiming at the time.

So you no longer have any reason not to benefit from the best possible HBD interest rates!

Support

If you have any questions, support for this service is provided on Hivechain.app server on Discord. Use the dedicated AutoClaim channel.


Acknowledgments: Thanks @engrave for bringing this idea to my attention and asking me to implement this new feature.


Discover my apps and services


Vote for me as a witness

18.61631199 BEE
22 comments

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 74 of my contest just started...you can now check the winners of the previous week!
!LUV
12

0E-8 BEE

Very cool.

!PIZZA

0E-8 BEE

@arcange! I sent you a slice of $PIZZA on behalf of @ugochill.

Did you know you can now buy Rising Star packs with $PIZZA? (1/10)

0E-8 BEE

Thank you @ugochill

0E-8 BEE

Very useful. Thanks!

Be careful to create your recurring transfer when you have interest that you can claim because the first transfer will be executed immediately.

How can we check this?

Posted Using LeoFinance Beta

0E-8 BEE

It's visible on peakd.com on your wallet page:

0.02099641 BEE
(edited)

Thank you!

And should we wait for that to say 30 days before sesting the auto claim up?

!PIZZA

Posted Using LeoFinance Beta

0E-8 BEE

why do we actually still have to claim rewards? Couldn't we just remove this in a HF?

0E-8 BEE

The main reason I see is to lower computations and resources consumption at the blockchain level.
Having to track rewards and interest for 1.8 million accounts (for now)tm is not a small task.

0E-8 BEE

okay that makes sense!

0E-8 BEE

it is a good tool to save time, thanks for the information

0E-8 BEE

Thank you @mlrequena78

0E-8 BEE

Nice post its very informative!

0E-8 BEE

Thank you @astrocat-3663

0E-8 BEE

Your Welcome☺️

0E-8 BEE

Hi @arcange, Thanks for teaching…
09.jpg
Much success with your new endeavor.

0E-8 BEE

Thank you @elmundodexao

0E-8 BEE

Very informative post

0E-8 BEE

Thank you @blackman15

0E-8 BEE

@arcange,
Wow this is really useful, especially the re-saving feature!
$WINE

Cheers~

0E-8 BEE


Congratulations, @theguruasia You Successfully Shared 0.100 WINE With @arcange.
You Earned 0.100 WINE As Curation Reward.
You Utilized 1/5 Successful Calls.

wine_logo


Contact Us : WINE Token Discord Channel
WINE Current Market Price : 0.260

0E-8 BEE

Thank you @theguruasia

0E-8 BEE

@arcange,
Wow this is really useful, especially the re-saving feature!
$WINE

Cheers~

0E-8 BEE


Hi @theguruasia, You Already Utilized Maximum Calls Of The Day.
Please Try Again In 24 Hrs.
(We Will Not Send This Error Message In Next 24 Hrs).

wine_logo


Contact Us : WINE Token Discord Channel
WINE Current Market Price : 0.260

0E-8 BEE

!PIZZA
!BEER

0E-8 BEE

@arcange! I sent you a slice of $PIZZA on behalf of @eii.

Did you know Pizzabot in Discord has a bunch of useful commands? (1/10)

0E-8 BEE

Thanks for this info!

0E-8 BEE

You're welcome @kennyroy

0E-8 BEE

Is there a way we can check, if we are getting the savings interest ? And also see all interests paid ?

0E-8 BEE

If you use peakd, simply go to your wallet. Unfortunately, up to now, it does not display the total of interests paid.

0E-8 BEE

The wallet shows so many transactions that I don't even know how to find out the interest ones there , we definitely need a better mechanism.

0E-8 BEE

This is very informative. Thanks for this. Now I can maximize my rewards.

0 BEE

Do this @ hive.autoclaim work with HIVE interest or only HBD interest ? if i send HIVE to @ hive.autoclaim with it return my HIVE and update my interest?

0 BEE

There is no interest paid for holding HIVE into savings.

0 BEE

Useful information about hive autoclaim! Great job!

0 BEE

Thank you @shrikal

0 BEE

Note: Unfortunately, Peakd does not allow defining the recurrence in hours.

I typed in 30.05 days and it worked (PeakD displayed 721 hours and the keychain confirmation window said 30 days + 1 hour as well).

Thanks for setting this up.

0E-8 BEE

Good to know (even if not very intuitive). Thank you for your feedback @jelly13

0E-8 BEE

Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism

0E-8 BEE

Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism

0E-8 BEE

Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism

0E-8 BEE

Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism

0E-8 BEE

Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism

0E-8 BEE