The 'Other' Reason You Want Hive Power...
This is something that we have gone over a lot over the past few years on chain.
How good we have it here!
And with the rise of the 20% APR that a lot of us are enjoying from HBD, it has most definitely fit the bill when it comes to building passive residual income from our efforts here.
Our engagement, activity and value that we build on chain, literally feeds our HBD savings if you want and we all dream of the day....When we'll all make a full time living off our efforts here.
I made a post a few weeks ago about the difference between staking Hive power vs putting HBD in savings. It comes down to a simple answer for me...I want them both.
I love seeing my 20% APR from savings, but just as important, my stake rising helps me distribute the token through curation. Which is the real power of powering up your Hive.
But there's another reason I'm a raving fan of Hive Power and I wanted to share that with you tonight....
I wanted to highlight my favorite delegation project on Hive.
Many of you know about it, it's quite legendary around these parts :).
And that's Leo Voter!
Now from that screen shot, you can see....I've been delegating to Leo Voter for years now. And it goes up and down, I've had more of Hive Power delegated to it, and last year when I was in the middle of some offline drama...I had to un-delegate some of it as well.
Tonight, I added another 5,000 HP to the delegation.
Why?
I'm a huge believer in @LeoFinance Everything about this project just screams potential and opportunity. It's a passionate community, strong leadership and a massive asset to Hive as a whole.
I can add or subtract my delegation whenever I like. When things are going great, I'll delegate more but if things go bottoms up like last year, I can take it back. This is the true power of delegating your Hive Power into projects you believe in. You are always in control of your stake!
But here's the BIG reason....
(Note: Because I added an extra 5000 HP tonight, that'll add another 25 LEO a day to my total)
I get LEO....Every. Single. Day!
Now, someone who lacks vision may say...Big deal, LEO is like 3 or 4 cents right now. A whopping $1.50 or $2.00 a day....
One peak at what LEO has been up to recently, let's you know....Now is the time to stack LEO while everyone else is looking elsewhere. The potential for LEO to rocket is always there, just because they are always building!
That's why I'm all in on Leo Voter!
And bringing it back to the main point of my post.....
Sure, it's great! We can sit back and enjoy our 20% APR from HBD. We can even stake our Hive, and work to distribute the token through curation efforts which is always a win!
But the other reason we should focus on building our Hive Power....
The ability to delegate to projects we absolutely LOVE. Which helps them out but also, gives you some layer 2 tokens in return for that......Potential and opportunity that you know is coming down the road!
Posted Using LeoFinance Alpha
Once LEO project has more revenue streams, that token would go higher. And even better the curation alone would earn good too. So staking on such projects like leovoter would be a nobrainer from now. I am sure even the ad revenue from now would do some good progress. We just have to get the threads project going :)
Exactly, with what is coming, now is the time to stack. It'll bump up in value very soon and people will be scrambling!
I'd suggest you check out the @brofund community if you haven't already. If you delegate to them you get the BRO token in return. Then, by holding the BRO token, you get Hive back in dividends. The fact that the BRO token is currently sitting around 9 Hive per token right now is also something to be excited about. I moved most of my delegation from leo voter to @brofi. Leo is definitely a great project and the cool thing about delegation is you can always move it or split it or adjust it!
Oh for sure. Got a bunch of BRO!
BTW, got 100 INDEX now putting me on #98! 😁😁😁
Oh heck ya!!!
Nice little dividend payments recently there too!
I have noticed them trickling in. What is liquid in tokens I use to buy MORE Index. Lol
Slowly, but steady getting there more and more...to get my focus on it. It's simply mind blowing how it is growing. Keep it going!!! Respect
Once you get hooked here man, you won't look back!!
SO many ways to earn in hive. It's simply mind blowing. 😁
It really is. And just seems to get better and better each year here!
Wow....I entered Hive knowing it was a labyrinth of complexities. The trick is to know what you're doing so you don't get swallowed up with all the activities and movement here. Those daily Leo earnings are amazing though. No small feat at all.
Yeah, I should have put a disclaimer...When I first joined, all I focused on was Hive Power. That was my first goal, to hit a target and then it opened everything else up!
It's great to see your enthusiasm for the potential of Hive Power and Leo Voter. Delegating to projects you believe in is a smart way to support the community and also earn rewards. I agree that LEO has a lot of potential, and stacking it while it's still undervalued could be a wise move. It's exciting to think about the possibilities that may come with building passive residual income from our efforts on Hive. Keep up the good work!
Let's us become angel investors...Without needing millions of dollars to invest!
Just like you, I also wanted the two as well. I manage to find a way because we one cannot underestimate HBD's 20% and the potential residual Income that comes with it. Vesting on Leo voter and Leofinance is a great way to go. Might be some Leo, but the dollar value day is insane. Great strategy you've got there.
It's the best of both worlds. We can be active, and we can still enjoy passive income.
Exactly, sometimes, I look at your strategies and I'm blown away hahaha
20%gas his own charm and yes holding the goos Hive Power has its own feelings. In my opinion at present the blockchain is taking care if she by dividing the rewards between HBD and HP.
Leo team is one of the activity and energetic team and for sure the development by team Leo Ultimately benefit Hive itself.
Agreed. Everything LEO is building, helps Hive out in the big picture.
It's a very good way of earning LEO if you got some extra Hive power but I prefer to curate with mine. I forgot where I heard it from, but wasn't the LEO put out to reward delegators going to deplete soon. I know that they mentioned buying LEO off the market to refill it but I am not sure.
Don't remember that, but could be. I see them doing things to always buy off the market.
Well, I'm yet to begin to enjoy the HBD interests but I'll begin that soon
Slow and steady is the way to build it up!
Delegating HP to other projects and earn some passive income from them is a bit underrated in my opinion. Stacking HP is always the primary goal for me. HBD savings can come later, I hope the 20% APR stays for awhile.
Completely agree. Sometimes we forget these amazing delegation projects exist!
I would love to have the kind of HBD in the savings slot that would allow me to pay a monthly bill towards a small property. When you get to THAT level, then you are styling!
That's the goal for sure. I can't wait for the day, the majority of us are living off results from our efforts.
That would be amazing.
And thus I keep on putting in the effort!
Cheers!
!HUG
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The relaunch of Threads and their Zealy campaign made me look into LeoFinance and it's growing on me