Building Passive Income with DHEDGE drips
Today I will look at DHEDGE drips as part of increasing my crypto income. What I like about DHEDGE is that it is building up a passive income stream for me and has a really cool sounding name. Currently, I have HBD as a passive income source which is directly on Hive, but there are other options on the second layer tokens in Hive-Engine.
HBD currently returns 20% in HBD which is a fantastic return and getting this high rate doesn't seem to be possible with layer 2 tokens. Or is it?
Current passive income tokens that I have are:
DHEDGE
CTPSB
SPI
LBI
BRO
EDS
AWESOME
MEOWLEO
UTOPIA
INDEX
Yes, I have been buying a bit of everything!
Other passive income tokens that I have are miners such as:
LENM
EDSMM
There are many other miners but I didn't get any yet.
How do they work?
To invest in them, you need to first transfer some Hive to the Hive Engine. This turns your liquid hive into SWAP.HIVE which is the same as liquid hive but in the Hive Engine.
Once you have your SWAP.HIVE, you can then look to buy some of the passive tokens.
Today I am going to look at DHEDGE and will follow up with the other tokens in the following weeks.
DHEDGE
According to the latest report from DHEDGE, the returns are 13,98% for the last day. But in truth, they seem to vary between 12% and 19%.
DHEDGE drips 7 tokens (previously I have seen it has been up to 18 tokens). These are:
HIVE
ARCHON
DHEDGE
SWAP.STEEM
BRO
GAMER
UTOPIS
Important to know is, that you must hold at least 10 DHEDGE to get any of these drips. There is also no whitepaper that I could find. You can however join the discord channel and chat with other holders.
Currently, it is trading in a range between 0,12 and 0,149 Hive. The owner of the project is taskmanager and I haven't had any contact with him personally.
Investing in Hive layer 2 tokens carries extra risk which I have laid out in the below chart:
Here you can see the level of risk increases with each stage (although you could argue that holding fiat is the riskiest of them all!). So to hold HBD would be in the blue box and much lower risk than DHEDGE. This is because there are 2 fewer counterparties involved than with HBD. HBD is held on the first layer of Hive.
The extra risk comes if there are problems with those running the Hive Engine if they stop and then you are stuck. Then the next extra risk comes from the project owner of DHEDGE and the tokenomics involved. Therefore it is important to understand as much as you can about the team behind the token and the tokenomics before investing.
My Returns:
Based on my calculations, the returns given in the daily emails are quite accurate and can vary depending on the price of the drips that you get. As you are getting many different tokens, it is more work and can take up some time before you have a decent stack in any of them to do anything with. The easiest option is to sell the dust or just stake them and compound until you want to cash in.
Compared to HBD, the returns are not so good and it comes with extra risk. However, I like playing with fire and collecting different tokens, so I will add DHEDGE to my portfolio. I need more passive income tokens and it helps with some extra diversity. Although it is not as high as HBD, it could still be interesting to hold for the different tokens. Let's see how it develops.
Thanks for reading.
Please note this is not investment advice.
Let's connect:
Twitter: mypathtofire1
Noise.cash: mypathtofire
Discord: SteveHodl#6998
Resources:
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Hehehehe. This line is the central idea of this whole post.
Investment never comes without risk, does it? Sometimes, the risk comes with huge profit. At other times it comes with a loss. That's why the investment shouldn't be more than that you dare to lose.
DYOR is important
Yes, that is very true about DYOR. I wanted to show the comparison of different risk so i drew the chart. I could add on a few other Hive investments which would be interesting to see for another post.
Denzel Washington famously said, "I've found that nothing in life is worthwhile unless you take risks"
I agree with it. You cannot do anything innovative without having the courage to take risk
Thanks for introducing new type of passive income. I will think to invest in future
You're welcome, I will introduce a new one next week.
sure, I am not investing now as I don't have much have to take risk and invest in other tokens. For now HBD seems safe investment
I just hold CAKE Defi and further keep my BCH in Celsius and some other staking stuff but my passive income does not reach $3 a week so far..... and it needs to become $30 a day....long road ahead of me !CTP
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How has your cake performed?
$30 is not far away from $3.. keep up the good work! :)
!CTP
I got really lucky with Cake, I planned to just let that 30 dollars sign up bonus ride for 10 years, but I got like 25 referrals during that first year. So I have been taking out a bit when it was up and it gives me a dollar a week for holding 80 DFI some are staked for a year, some for 5 years and my initial bonus for 10 years.
It gives me about 1.2 DFI a week which I used to withdraw monthly, but now with the current price, I just stake it till April 2023 ;)
But still Cake made me a lot of money already.
Great work, you make it sound like a piece of c..
!CTP
That's a great Passive Income. I have a bunch of tokens but not Dhedge. I can buy some and get daily return. You just hold ten tokens !
Keep stacking and good luck with your passive income! 🙂
I don't think CTPSB or AWESOME gives any dividends though. It does go up in absolute value though over time in Hive value though.
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They both give out dividends. CTPSB gives only CTP dividends and the price increases. Awesome gives a range of tokens and the price increases. I will do a post about them in the coming weeks :)
From what I know, CTPSB doesn't pay dividends for holding and it's only for HP delegations.
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I double checked and you are right. Only delegators get dividends. Thanks for confirming 🙂 !CTP
Bookmarking this and imma check in a lil bit!!
Its worth a look. :)
I also hold DHEDGE, and does it not also provide daily payouts in itself (in DHEDGE) - which means it will simply increase itself if you leave it alone !
I also note that ARCHON gives out DHEDGE, and INDEX is meant to as well (but not sure if it actually does). So some nice synergies there, especially noting that DHEDGE pays out ARCHON.
!PGM
yes, it buys DHEDGE from the market upto a certain price and distributes as a dividend!
so you could sell the other tokens and still keep building your stack.
There are some synergies, I'm not sure how they work exactly though.
Thanks for introducing DHEDGE. Seem can be a good addition to portfoilo.
Thanks for dropping by. It can help with increasing returns.
I own a few of these tokens as well.
They are not as lucrative as HBD but because of the different drips, it diversifies your HODLings.
Thanks for the highlight, I like reading about tokens I HODL.
HBD seems the best, but its good to add some diversification!
Thanks for dropping by. 🙂
Great information, Steve. Thanks for sharing.
!CTP
Thanks for dropping by John, I'm glad you found it useful. !CTP
I like passive income opportunities. I held DHEDGE for a long time.
Did you switch to something new?
!ALIVE
!CTP
@ironshield! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @mypathtofire. (2/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
Thank you for sharing these :) Another sets of assets to take a look at :)
Came thru LN :)
Thanks for dropping by 🙂
My pleasure, thank you. Got something out of your post actually :) Cheers!
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Thanks on introducing me to DHEDGE and other passive income tokens. The low returns and extra risks you talked about though.
Thanks for dropping by. 🙂
I'm currently looking into the EDSMM miner. I might throw about 20 HIVE into it.
!CTP
I've done exactly that. But I didn't realise I needed to stake them! 😅
!CTP
Oh no, lol. I guess these things happen 😅
I've also been investing in some second layer tokens and dhedge is one of them!
For your EDSMM miner to work, you have to stake them so you don't miss out on some earnings. 🙂
Oh, thanks for your tip! I didn't stake mine !! You saved me there 🙂
You are welcome! Better late than never,eh? And thanks for the tip 🙂
Thanks for your support. !LUV
@melinda010100, @mypathtofire(1/3) sent you LUV.
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I should have sent you Dhedge, but you receive Hive divs for staking Archon, too!
Oh, I didn't know that! I will stake them and check out the Archon community. 😎
Archon sponsors Engagement in several communities. You receive a portion of Archon simply for making a comment on any post in an Archon Community!
Great, I will look to try and get active there. Is there any posting guidelines for the community?
Feathered Friends is for bird photos. There are two active contests. Show Me A Photo has a weekly theme. Let our picture tell your story is a writing contest.
Shadow Hunters has two ongoing contests, shadow photos and another for reflection photos.
In both communities you get paid Archon for original comments. Replies to comments don't count
You can see the payout feed in the Archon Discord.