Ways to grow our stake on Hive

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Avatar for bala41288
2 years ago

Hive is a great platform that gives us many earning opportunities. We can use that as a blogging platform or a gaming platform or an investment platform. There is room for many opportunities on Hive. We can invest our money here and see our money grow. After the introduction of HBD interests after HF25, I think that we should also slowly start accumulating our HBD on Hive to earn some staking rewards from the platform.

Growing our stake through author rewards

Author rewards are a great thing on Hive. Even though we see Hive with lots of opportunities to create money one grow our money, Writing articles and earning author rewards through them is still one of the best options. People who have experience in content writing can make use of this opportunity to increase their stake.

I agree that sometimes the author rewards can be a pure gamble because there are people who frequently vote only a set of people and most of the rewards usually go to the same set of people. Not that they are getting rewarded for low-quality articles, but there are new content writers who don't easily get recognition. But this is something that is difficult to solve I believe. Content discovery and quality rewarding have improved a lot after HF25 but still, need a lot more improvement. We do have some communities that give good support but there are still lots of room for improvement. Hope it will happen gradually.

Growing our stake through curation rewards

Not everyone on Hive is comfortable about writing articles every day or with a frequency to get author rewards. It is quite unlikely that people also engage in the form of commenting as well. So for such people, investing in Hive power and getting a curation reward from that is definitely a great deal. After Hive started giving around 10-12% APR, in the form of curation reward, this has been one of the greatest options to grow our stake in Hive.

After HF25, the curation rewards have been fair for everyone. There is no rush race or sniping or early bidding anymore on the curation part. The first 24 hours curation window is a pretty fair game for everyone where people can vote on any desired post without any penalty of losing a part of their curation reward. People who wouldn't like to stay active here on the platform doing manual curations, can also pick up automated curation and grow their stake.

Growing our stake through HBD savings

Since the price of Hive is not very stable and unpredictable, some people might find it a little uncomfortable to get the rewards from Curation by keeping their stake as Hive power. For those people, HBD staking rewards are the best choice. People easily get 10% APR from stable coin investments. I don't think any other place in the crypto world that is decentralized, gives a decent percentage like this.

People don't have to be afraid about bad markets or the up and down movements of the market if they are going to be investing in HBD as it is a stable coin investment and they can also compound their investment by claiming their interest once a month and re-invest them in the savings again.

I have already set some goals on Hive and have been working towards achieving those goals. Along with those goals, I think I will also have a side goal to increase my HBD Savings here. I'm planning to keep increasing my HBD savings and claim the interest once a month. 10% interest from HBD is definitely great and there are no decentralized options available as far as I know that gives a 10% interest for a stable coin. We can also be sure that our funds are safe and growing very well.



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$ 0.88 from @TheRandomRewarder
Avatar for bala41288
2 years ago

Comments

Staking is just the best decision especially in time like this. Atomic Wallet has been there for me to stake coins especially staking it's own token "AWC"token which offers upto 23%APR by weekly bases and it has been awesome and that's why I will encourage staking to reduce risk especially the potential coins like that. More info concerning other staking, explore - https://atomicwallet.io/staking

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2 years ago