Stacking and saving HBD or Hive Backed Dollars the Hive stablecoin is a fantastic means of saving with 20% APR while we still can.
It's Saturday well actually it is Monday again! I will get back into posting on the weekend soon...
I did take a snapshot on Saturday so that I could check on my savings goals for Hive and making my contribution to the Saturday Savers community.
So that was last week and the sun shining on our nature walk!
But back to the business in hand ....
Saturday Savers Club is for anyone who wants to save in any currency for any purpose. The Club is a supportive group of people who meet up around the weekly post, usually on a Saturday but occasionally on a Sunday, to share tips and techniques and have fun in the process.
I won't say anymore except guide you to Saturday Savers Club with @susie-saver | Year 4: 2024 Launch and FAQs | Everyone Welcome | EDS for Comments
So basically we make two goals. @shanibeer tabulates them all, and every week a post is made by @eddie-earner with all kinds of info and that is where we comment our progress or refer to our update of progress in a post.
Plus of course congratulating and encouraging fellow Hivians.
I have not made any more goals as I have been too busy with the bull run!
The main one is to become a Lion! This means having a Leo Power of 15,000. I started at 7.5k so that means doubling it.
This means having a staked Leo bag of 15,000 tokens, this was roughly double what I started with which was 7528 LP and now I am 8288 LP.
This was due to my HP delegation to leo.voter you receive staked LEO as a reward.
I now have over 200 liquid $LEO for the next lpud so should be staking my $LEO daily henceforth.
Hmm I need to do that, as I gained over 50 liquid LEO last week...
I can't stress how much fun this is, especially if like me you are so not a saver!
This year I intend to have a goal of 700 HBD.
My reasons for choosing HBD as the currency are twofold:
1 In these turbulent time, putting savings into a stablecoin you know you are minimising your risk against market dips.
2 One HBD will always be one dollar's worth of Hive, no matter what happens to the price of Hive.
The reason I wrote 700 is that I will participate in the penny savings challenge. and with accrued interest I will should hit 700 HBD.
That is the chart you can follow, and you can see for today I should be at 24.15 HBD. so let's go check ...
❌ I dropped below the target. This was an oversight, but it does bring into mind at what point might I consider not locking up my Hive in this way ...
I know from experience how hard it is doing the savings weekly especially later in the year, so if you can get a head start so to speak you have more chance of hitting that goal later on!
To keep things interesting, I am saving this HBD in my (not so) secret account @tengogaming.
By doing the penny savings challenge you will accumulate 671 of the token you are saving. As I chose HBD the interest accrued will top it upto 700 HBD.
I have been trading tokens on Solana and Cosmos/IBC and just created an Airdrop Alpha community here on Hive. There is so much going on at the moment, that just sitting in Hive we can miss out.
I have doubled my money and will keep on seeing how far I can get this year.
I have made loads of trades and turned that $24 higher, how far can I go?
But for the sake of fun, I am going to make two HP goals!
The two HP goals are both ahead!
Do let me know if you have.
If you haven't and want more info just drop me a message in the comments and in the meantime have a great year!
Stacking HBD Hive Backed Dollars the HIVE Stable coin is a great method for saving.
Posted Using InLeo Alpha
Hi @tengolotodo.leo,
Thank you for participating in the #teamuk curated tag. We have upvoted your quality content.
For more information visit our discord https://discord.gg/8CVx2Am
Luckily that unexplored land up there above BTC is being explored... hahaha.....🤣
On savings: wow, I just found out I can post here because I'm a saver. I've been on a weekly savings plan since the year started, a bit pretentious but there we go.
Congrats on your accomplishments...ha, but it gets posted on Saturday or Sunday and Mondays too. You have some backlog....
I really enjoyed reading about your savings journey! It's awesome to see your commitment to reaching your goals, especially with the Saturday Savers Club. Your progress with becoming a Lion and saving HBD is motivating. Keep up the fantastic work, and I look forward to hearing more about your adventures in the future
Congratulations @tengolotodo.leo! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 35000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP
To support your work, I also upvoted your post!
Check out our last posts:
Hi @tengolotodo.leo!
Your post about saving and reaching your goals was such a motivating read! Your dedication to becoming an InLeo lion and saving HBD is impressive.
I'm rooting for you on your journey! #lion #leo