Building Passive Income With Hive
Building Passive Income With Hive
This is a series of articles that focuses in on building passive income streams. The goal here is to teach others what is possible with time, money and commitment in life and in crypto. This article will focus on the Hive blockchain only which has actully become a true powerhouse in both wealth and what I truly envision crypto being.
Building passive income streams is a time consuming process or investment heavy process. The combination of the two speeds things up dramatically but it's a process that takes time to build and keep steady with. In many cases you wont see the rewards of this till a few years down the road. However the big bonus here is with hive and crypto APR rates are often much higher than traditional finance in Fiat and could earn you massive amounts of value in a shorter period of time.
HBD
One of the easiest methods to passive income with Hive right now is the "stablecoin" HBD which decently holds a $1 peg. By placing HBD into savings you'll earn a massive 20% APR at the moment. Of course this rate is subject to change at any time based on witnesses settings. 20% APR right now is huge though and can quickly stack up when you get your hands on some of it.
HBD DeFi
You can also put your HBD to work in defi. There are currently two places that house this.
The first being CubDeFi which offers a few farms to put your HBD to work.
BHBD-BHIVE which are wrapped versions of the two hive blockchain tokens
BHBD-BUSD this is my personal favorite as it combines two stablecoins with a decent APR payout
BHBD-CUB combines the native token cub with the stablecoin BHBD
HIVE
If you didn't know just powering up hive earns you a current rate of 3% APR which can change. However I haven't seen it fall under 2.5%. It's a easy way to start stacking your hive that is powered up. I highly recommend spending some time to kick this up a level by doing curation (voting on others content) In most cases you'll earn a extra 9% APR for curating.
Diesel Pools
Diesel pools are a way to combine your layer two tokens on the hive blockchain to earn rewards. There are a number that pay out rather well and I invite you to explore around and see what pools are best for you. Diesel Pools
Curation
As stated above under Hive curation rewards add up and only take a bit of your time if you want. By curating other content you'll earn a APR based on those actions which will reward you in even more hive! In most cases I hover a little over the 9% range on this. You can check yours at any time under Hivestats.io
*This article is for entertainment purposes and is not financial advice.
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Passive income is always a great thing to work to developing and ensuring you get a few extra dollars in your hand
You've gotta be linking back to your old related posts to ensure Google knows they're valuable!
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True True I forgot on this one :(
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Just give it a quick edit, Google is slow :)
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This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
Please contribute to the community by upvoting this comment and posts made by @indiaunited.
Passive income equals passive aggressive investing. Where time are both situations friend.
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I have been adding to my HBD Savings. Love that 20%.
Nice friend. I haven't yet added any HBD to savings. But I would like to do it later. 😊
Thank you for sharing such a informative and helpful post. 😊
Diesel pools are one of the things I haven't looked at yet
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Those are great tips. HBD is very good.
wow das ist ein guter Beitrag. Respekt
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I have been looking into hbd savings more and more.
Have got 100 right now. Will increase it over time
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Talking about HBD defi... I think I would love to try the HBD BUSD pair since I have some amount of HBD and USDT that I can convert to BUSD.... To do this I should visit cubdefi right..
Binance does not like me and therefore refuses to allow me entrance to it's exclusive club otherwise I would have been doing this the last couple years.
Very useful info indeed! I still have to get myself into some of the ones you mentioned, like the diesel pools. I've so far focused on delegating various Hive-Engine tokens to an army of Hive-Engine-curation accounts, and acquiring ever-growing amounts of the various income tokens (dividend-paying and miner tokens) on my list. I do My Monday Weekly Hive Goals and Progress Updates, in which I detail how I'm creating my Hive Passive Income Machine. The latest one can be seen here. Thanks much for the post! 😁🙏💚✨🤙
Nice job explaining both the short term benefits and the long term benefits of Hive. I agree that if you start small yu will not see big benefits for a while, but once you see them they are very rewarding. I think if you are able to invest larger amounts, which of course entains more risk, you see the larger benefits sooner.
Either way, I agree that you build multiple streams of income here by learning and diversifying with Hive Power, Hive Power curation, HBD and then second layer tokens as you have mentioned.
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