20% HBD APR Is No Match For This
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20% HBD APR Is No Match For This
Hive really is developing quickly and we see that in the steady price it's gained and held on to. Since it's stable price of around $0.11 to it's now $0.40-$0.50 range hive has increased 4x in value since Feb 2021. Still with a rather small market cap of about 200 million (some of which can no longer be tracked due to new defi platforms and other such features) hive continues to not only hold but gain ground.
Hive has been ahead of its time for years but we are clearly seeing a shift away from web2 platforms like Meta (Facebook, Instagram), Twitter and so forth as they continue to shell out lower and lower earnings, users and in general just interaction.
Hive Shorts
I really believe if we could get some type of shorts platform setup quickly with it's own mini ad support, token etc that it could either be one powerful layer 2 token or even a sought after hive token if it remains on layer1. Everything is shifting to short video format. It's why you see Instagram almost making a full 180 just recently from pictures to reels and youtube shorts starting to account for massive amounts of video consumption in terms of watch time hours. If anyone currently is or is interesting in building such as thing lets get in touch because I feel with some serious work it could be massive for hive and anyone involved.
20% APR
Currently with Hive you'll be earning a steady 2.9%- 3.1% APR just for having hive powered up. This rate of course can change at any time. That means (at the time of writing this 2.91%) if hive held it's price you would be beating interest rates of bank by over 1%. Put in a little effort each day spending some time curating quality content and you'd be looking at another 8%-10% APR on that hive. That's now a 10.91% - 12.91% APR you'd be earning on hive. However the downfall is hives price can change and it does change rapidly. This is why you need to look at it in terms of UNIT value instead of $ value. 100,000 hive powered up could net you about 10,900 hive a year at least (throw in compounding from power ups etc and you'd be a little higher)
However HBD the decentralized stablecoin of Hive is currently (struggling a bit) however doing a ok job in holding or at least restoring back to that $1 peg decently fast enough to make it a little lower risk). This earns you 20% APR. 100,000 HBD would earn you at current rates 20,000 HBD a year which should translate to $20,000 yearly. With monthly compounding on that you'd be looking at 21,939.11 HBD which is a pretty decent income for the passive nature it has.
But here's one better and why stable coins hold so much power.
CUBDeFi currently offers BHBD-CUB and BHBD-BUSD. Which currently pay out 38.22% at the time of writing this for BHBD-BUSD (Wrapped binance version of HBD token and binances stable coin paired together) That's a 18.22% higher rate at the moment but also the kicker here is you could if you wanted to claim it daily and compound it. If everything held it's mark (which I want to be clear it wont and the APR can change) you'd be at $146,521 after a year if you compounded daily. That's over DOUBLE!
PolyCub also features hive tokens such as the pairing of PHBD-POLYCUB and PHBD-USDC. I'm going to use PHBD-USDC since they are both stable coin. PHBD (a wrapped version of HBD token on polygon) and USDC which is a stable coin of coinbase and bitmain currently at the time of writing this offers a 31.76% APR which again you could compound daily.
Again to be perfectly clear the numbers above are if nothing ever changed however APR rates will change higher and lower as well as possible native tokens of the platform so it does make it a little riskier of a investment compared to just letting it sit in HBD savings on your hive wallet.
*This article is for entertainment purposes only and is not financial advice. Do your own research before investing.
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can we stop calling hive web 3? it's not. our data is being harvested on privately owned servers and sold, just like in web 2. that's just how things work in social media. we have wallets and dapps and dexes galore but we're not exactly a truly decentralized, truly egalitarian, truly web 3 platform....yet.
also, I don't want web3 if the current world order (OR the NEW world order instead) is still alive and squirming about. That's just a decipe for despotic manipulation of us all. I'm tired of just being a puck to bat about by fuckface tech losers who play glorified discord admin roles through code and software. tech people suck, one of the least ethical group of people I've ever encountered in my pathetic goddamn life.
they're in the same low-integrity group as politicians, hvac technicians, mechanics and comptrollers.
there is no clear definition as to what web3 will be. It's why it gets tossed around so much.
There simply isn't enough programming or systems yet developed to really give a fully decentralized system again. You'd need a CDN network in which there is no central entity I don't think truly decentralized system will ever come.
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You are right about the bigger potential of other choices. But for people not taking time to learn a new way to invest it is easier to just left it on HBD staking.
I also think the potential of HIVE can really be a huge reward itself.
Thank you for sharing those possible choices of investment!
So I am an onboarder, I bring people to Hive, show them the ropes, teach them, keep them involved in a little community thing, track their progress and link each other up for continued support.
One of the things that happens is that I actually try to keep things simple and in baby steps. The initial learning curve to setting up an account, saving and being responsible for your own Keys, then learning how to post and tag is a big step for most people to take away from Facebook, Twitter, instagram and Tokyo which makes all of that much easier.
However, as my most advanced student in my Class of '22 has discovered, there is more to it all than that first stage. There is always more things to learn.
In this case, there is even more for me to learn about. There are so many things happening on Hive, my council and personall motto has been to take things one at a time. To focus on a handful of secondary layer tokens and only as many side projects as you can master.
At this stage I have been gathering a bit of HBD savings. Just that alone has a bright future ahead of itself.
I will (eventually) investigate this further but I also know that my HBI saving is stable and uncomplicated.
For now, steady onwards!
Cheers
!PIZZA
Keep up the good work on onboarding! Trust me I know what a huge time consuming process that is as I do the same with influencers I work with. Many have the mind set of cashing in lol but I try and gear them through staking up for now and building community and exposure there first before cashing anything out.
For sure there is a huge amount to learn but I agree with what you are doing and focusing on that first 7 days.
For myself I've found success breaking it down into a 7 day series that goes something like this.
day1) Setting up your hive account, saving keys and leaving your first of many high quality comments on others content you enjoy.
Day2) Continue with comments but start building your introduction post and spending a good amount of time on it. These intro posts can be huge when done right for someone new coming into Hive if they spend the time on it.
Day 3-6) General training with comments, writing a post once in a while of high quality but mainly interacting with others through comments and curation voting (even though they don't have much at first)
Day 7) The fruits of your labor. They start to see the reward payouts on those comments from day 1 and then start stacking. This pretty much fuels them into keeping the momentum and moving forward and why it's important to power up and save at first.
Nice. I will leave a dot on this.
It's a good little 7 day guide!
Thanks!
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You're right, in all sincerity I think we need to mirror some of the things that keeps people excited to web2, maybe 3speak can integrate this, I don't know. But it sure seems sensible enough.
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It’s great to see stablecoin pairs with Hive ecosystem token HBD on Polygon and now on Cubfinance. I agree those pairs could pay handsomely over one year with very little risk other then the volatility of HBD.
Question:
What do these HBD pumps do to the HBD-BUSD LP investors? Do they lose money due to impermanent loss?
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I also believe that short form content is the trend now and will continue to be in the near future. Apps that capitalize on that would be able to easily gain traction especially on the social side of things. Once that happens, things become a snowball effect and you can implement other services or products on top of the core one. Short form content types easily helps get the ball rolling.
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You would have to allow a 30 days period to pass before you could start compounding it daily, but non the less it is a great opportunity even though the rewards will halve really soon.
All your suggestions are great and I think that investing a little bit into each one of them will generate the most consistent results. At least that's what I will be slowly doing over the coming months.
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This.
If you expect Hive to be anything close to a success, then right now units should be all that matters.
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