Hive provides the Ability to Choose

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(Edited)

First let me say, it is easy to fall in love with the Hive Blockchain. With all the communities and sharing of information. It is a virtual knowledgebase. However, it is a lot more than just Social Media on a Web 3.0 platform.

Hive Power

Having Hive is very important. Without it you can not do anything on the blockchain. But it is not Hive that gives your the "Power" to do things, it is the "Powering Up" or "Staking" of the Hive Crypto currency that makes that possible.

Here is a screenshot from my Hive Wallet listing several of the benefits of staking your Hive.

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Hive Power APR

Most folks forget that just for having your Hive powered up you will earn a minimum APR for doing nothing. Currently that minimum is 2.84% so basically your Hive Power increases at 2.84% APR. If you are a real couch potato that does not like to do anything at all or just lazy you can earn a higher rate than you can earn at your local bank.

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Hive Power Curation APR

For those that want to do a little more, you can curate or vote on the many articles (blogs) that are available in the various communities. In addition to earning the community's tokens, you will also earn Hive.

I am currently earning 9.86% APR for reading other peoples articles and voting on the ones I like.

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An Easy 13% APR

So for having hive power (2.84%) and voting on other peoples content which is called curation (9.86%) you can easily earn around 13% APR without even breaking a sweat.

Still Want More

If 13% is not good enough for you then try this on for size. Take your Hive and convert it to HBD (Hive Backed Dollar), move it to your savings for a 20% APR. The witnesses just increased the APR rate from 12% to 20% this past weekend.

They may even be considering bumping it up to a higher APR but that is currently just a rumor so don't hodl you breath as it may be a little while before it is increased again.

You are able to claim your earnings every 30 days. This provides you with a monthly compounding of your earnings.

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20% still not Good Enough for You

If you think that 20% APR sounds great but are wondering if there is something that can get me a higher rate. Well, you are in luck...there are lots of options. One of which is a lot of fun.

If you are a gamer then you will want to play the Hive blockchain based game Splinterlands. Any assets that you own in the game currently earn you SPS. Or you can purchase SPS on the market for $0.104 and stake the SPS ingame.

The current APR on SPS is 25.90%. This APR varies so if very fluid and is not guaranteed. SPS is close to it's all time low so there may be some possible upside in the market price as well as earning the 26% APR.

https://splinterlands.com?ref=darmstrong

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26% still not Good Enough for You

Well if 26% is not good enough for you, you could always try Liquidity/Diesel Pools. Some of these have a much higher return than 26% but you just need to remember the old saying - "The higher the return, the higher the risk"

I have a very some amount in one of the pools on BeeSwap which is currently yielding a 41.82% APR.

https://beeswap.dcity.io/swap?pools

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I did notice the below BEE:SWAP.HBD pool offering an average 116.442% APR. So if you are the adventurous type, you could double your money in a year.

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Many, Many more options

There are so many more opportunities and projects on the hive platform that could provide a very nice APR. There are so many there is not a complete list anywhere of them all. If someone tried to publish a complete list, it would probably be so long it would take hours to read and then you would probably lose all interest in the article or find the perfect project for you that you would never read it from start to finish anyway.

Risk vs Reward

This article is purely for entertainment purposes only and not meant as financial advice.

There is always Risk with any Reward that is received. You will need to do your own research beforehand and if you could not sleep at night because of your choices then don't do it. Only invest money that you can afford to lose.

Posted Using LeoFinance Beta

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There are a lot of choices and nobody will really know how things will perform. Things can change in price really fast so the best thing to do is to pick what you feel comfortable with. I like both HP and HBD so I don't think I will stop on that end anytime soon.

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