Plan to $10K HBD In Savings & Earn 12% APR

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Hey All;

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Off lately, I have been focusing on increasing my HBD stake and have been transferring all the HDB to the savings. So far, I've $770 HBD [Hive Backed Dollar] in HIVE savings and at the same time have swaped most of my SWAP.HIVE for HBD. The same can be depicted in the following image::

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All my earnings from different Hive-engine tokens are being directed to HBD. To name a few of the tokens that are contributing to growing my HBD stake are::

  • VOUCHERS
  • SPS
  • BEE
  • BXT
  • APE
  • LEO

Swap BXT to SWAP.HIVE - SWAP.HBD

Let's take the example of the recent earnings of BXT token; which I swapped for HIVE and then HBD

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By swapping BXT, I got close to 10 HIVE.. Which I then again swapped for 10 SWAP.HBD

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I then leveraged the Hive-engine platform to withdraw SWAP.HBD to my hive wallet. I know that I have to pay 1% withdrawal fee but that is the best way I know to get SWAP.HBD out to my hive wallet. If there is any other good way out, please feel free to share the same in the comment box below.

Hive-engine different token earnings to HBD

The point that I'm trying to make, here is that I'm leveraging my different token earnings here on the hive-engine, converting to HBD, and then transferring it to HBD savings.. reaping me 12% APR. So on average, I manage to get close to $25+ HBD from different tokens listed above.. that's an average. Right, now I'm not touching most part of my SPS daily token drop. I get close to 350 SPS tokens daily and they are all being staked - until I reach my GOAL of 100K+ SPS staked. Once this goal is met, I'm going to use SPS as the main weapon to enhance my stake in HBD savings.

Powered down HIVE to convert to HBD

The other plan that I have opted to get to 10K+ HBD to savings is to take some of my HIVE POWER and have that converted to HBD. I know that is not the best of the way but somewhere I feel that it could be the right move to have some of the HP converted to HBD.

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Currently, I have close to 58K+ HP, I am going to take only the first week liquidated HIVE i.e. 3K+ HIVE for HBD savings. That's the plan for now. But for sure will not go beyond liquidating HP below 50K HIVE POWER.

Parked Funds in Binance to HBD

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Finally, I've close to $13K+ crypto assets in my Binance account. Earlier it was $15K+ ..But due to the recent downfall of all the crypto coins, I'm going to keep the funds there itself. Once the market stabilizes and I have my portfolio back to where it was, I would be taking out $5K+ or even more to get closer to my target of having 10K+ HBD in savings and will be converting them to HBD. Let's see if the market stabilizes in a day or two and I can book some profits and reach closer to my target GOAL - $10K HBD In Savings & Earn 12% APR

Image Courtesy:: Hive-engine; Peakd, Binance

Best Regards

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Posted Using LeoFinance Beta



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3 comments
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That's a goal well above what i would try and aim as am only going for 2.4k so 10k is a worthy challenge. I wish you luck on achieving that goal

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Wow that's great, I will planning to increase my HBD but if the Hive falls below $1 or if it is less than HBD I will be converting all my HBD to Hive.

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