Exploring new horizons

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With the Liotes Project we have a quite complex financial structure that allow us to build up several income streams with the interests that our delegated hive power is generating. So far we have developed a multitude of these income streams but most of them are limited to the hive-engine eco-system. We would like to get some more diversification and since we are quite busy on hive, we may not always be up to date with what happens elsewhere.

Therefore we would like to ask for your help. Do you know any income streams outside of hive where you can make more than 10% APR passively?

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Liotes

A project run by @ph1102 and @achim03

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25 comments
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Personally, one of my favorites is the CAKE Kingdom in Cubdefi. I know it has a tie to HIVE and LEO but it is technically complete outside the HIVE ecosystem as it runs on BSC. The Kingdom is running at 82% APY and auto-compounds the CAKE so you don't have to do a damn thing. All you do is occasionally harvest the extra CUB you're getting at the same time. Hard to beat!

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That's a nice APY. We have some money in CUB Kingdom but the amount is relatively small and we can't do much without generating transaction costs that would eat up the profits. So we just let it lie there and multiply :-). These kingdoms are a great concept just for that.

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You were looking for something outside, off-platform, so I thought I'd throw this out there. Like I said, it's on BSC paying 82% and it's the signature token of BSC defi. It's basically like making 82% on Uniswap. Plus, you have the added comfort of knowing the team who built the Kingdom.

So, a known crypto, on a known platform, being run by known developers, paying 82% plus bonus CUB. That's why I'm in it...

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I think that cubdefi is one of the best places to get a nice return. Especially because you know who is running the platform. What I like is that the kingdoms give like a permanent return which is very different from other DEFI projects where you have 1000% apr on the first days and then it dwindles down to nothing over time.

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Well, ideally those APYs will come down because it starts gaining recognition and people start buying into it. But, yes, the returns are amazing right now. It's been awesome to take advantage of them for the last few months. Hopefully the good news/bad news scenario starts happening where the yields start going down but the prices start going up.

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I have only dealt with the Hive platform and then WAX for NFTs. I do not know of a passive income stream that would make 10% outside of the Hive Platform.

However I do believe UTOPIS does get a lot of its income from outside the Hive platform then converts it into Hive and pays out dividends in Hive and other H-E tokens. If you invested in it, it may assist in diversifying and also keep the work for you to a minimum. It would need to be fully researched to make sure this is a correct statement.

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Utopis is a very interesting token and we have actually some in our portfolio. Now you can even stake it and get additional return. We use the income from utopis mainly to increase the amount of money we have to burn LEN tokens. Thanks a lot for the suggestion!

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I have started increasing my holdings of UTOPIS because I noticed the return and then that jumped even greater when it is staked. Take care.

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Thanks for the suggestion!
As Achim said, UTOPIS is already in our portfolio and we are happy to have those tokens staked! Again, as it's on HIVE blockchain, we know the owner @chronocrypto as an old Hivian, so we continue to accumulate UTOPIS slowly... It's ideal for our project as we can invest further earned tokens, or support our LEN token...

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Thanks for tagging me Ive been meaning on picking up more LENM.

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That is good to hear. I am just now starting to get some of UTOPIS and I make sure I stake it as well.

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Wax has quite a few NFT collections where you stake or hold your NFT, and earn passively, but most of them seem to burn out pretty quickly, so I don't think I would recommend them.
One that I'm watching that I think does have potential is Astral Entities. They are creating NFT trading cards with a bunch of stats on them. Their plan is to develop games that all use these cards. So think Splinterlands, but you can take the cards your not using and move them to a tower defense game, or an RPG. The other utility that might be useful for Liotes is the staking pool. You will be able to stake your cards to a pool that free-to-play players draw from. Then if the player that used your cards wins you get a cut of their earnings from the match.
They don't have any games out yet but are scheduled to have one out by the end of the year. !LUV

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I had a look at astral entities and their concept is very interesting. I think that once there are the first games where you can use these cards, things will take off.

Thanks a lot for your suggestions!

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Ssome of the kingdoms in CubFinance might qualify. However there can be transaction costs involved so it might require quite a bit of investment.

There is also some games on WAX but I haven't been following the scene much. However you can stake WAX and get some voting proxy rewards even if it is small.

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We have some funds in CubDefi and you are right about additional transaction costs... We started too early when we had a small amount of crypto for investing, but we could take a second look and maybe raise our stake there...

Thanks for the tips!

!PIZZA

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I had a small amount and I always wondered if it was worth harvesting often or not. So after dropping by the LBI posts, they recommended at least $500 or so in the actually liquidity pool so you can harvest without worrying about fees as much.

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There's no lack of places to invest in Crypto, staking coins, master nodes, defi pools. For some specific sites, Stakecub, CubDefi/Pancakeswap.

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Thanks for sharing your options... We are looking closely in Defi direction... ;)

!PIZZA

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