Today marks one month since I decided to log into the holozing site. When acid and his team announced this I didn’t take much time to reach a lot into it. I did start reading the introductory post but then I got tired or should I say bored real early and ended up not caring about it.
I did go back later to finish the post. Am not going to say I understood it instantly. It was a bit technical for me so it needed some explaining from a few friends as well. A few days or weeks in the claim drop update was released and then the madness has begun. I didn’t have any hive power to delegate cause I was powering down some part of hive I needed. In order to get it out early I decided to go for about 100% power down, delegating part of it would have changed the amount I wanted out to I just had to leave it be.
After about a week I was done with the power down and then I delegated 500 Hp the zing token account. All I did was log in to the holozing site and then delegate from there.
If I can remember correctly the APR for hp delegation at that time was about 177% and boy did it feel good. In about a few hours I was earning a lot of staked zing. I wanted to accelerate it real fast cause I wanted to earn the 291% APR on zing staking as well.
I couldn’t buy zing cause at that time the token hadn’t hit the market just yet and even if it did hit in the first few days of unstake the token price was high and buying into it would have been crazy.
As at that time, these two options were the options which have the lowest ROI but it was the cheapest way of earning zing for most people on hive. Some of us have never provided liquidity before zing and have never held posh as well.
As someone who is always moved by FOMO I tend to make decisions which are mostly wrong but the few times I get them right I think they have been good FOMO. No one in the crypto space can say even after years of experience they don’t get moved by FOMO, it doesn’t just happen to newbies in the space. It happens to everyone whether experienced or not.
So I needed to earn more zing and this round I upped my delegation to a 1000 HP. After upping my delegation it took me less than 2 weeks to get to 1k staked zing. Let me tell you how.
As I wanted more zing I provided liquidity. Providing liquidity was a new topic to me as well but I had to look up a few tutorials so I could get it. I’ve even written a post about how to provide liquidity, you can check it out here.
Providing liquidity gives you liquid zing into your huge engine wallet. That one's earnings have been relatively very low since the liquidity I’ve provided isn’t crazy.
Up until now, I’ve only earned like 145 zing which still sits pretty in my wallet.
The last option I activated was the posh option. Apart from the APR on liquidity being the best the next best was posh earnings. Mehn, I couldn’t let all that APR just go so I had to buy posh. I bought about 31 posh which is in my wallet and earns me staked zing. It’s not a crazy amount from posh holdings but am glad am earning something from there.
One month into the claim drop and a lot of things have changed. The crazy APRs are suddenly coming down since we are a few months away from the game launch. The APR on HP delegation which was about 177 is now at 57, the APR on zing staking which was 291 is now at 92%, and the APR on liquidity which was about 8000 is now at 536%; a crazy change huh? And the APR on posh which was at 449 is now at 238%.
In my opinion, the APRs are still crazy though and hoping on will still get you pretty good rewards.
For now, I aim at getting to 2k staked in a few hours and then the next aim will be 3k. I still don’t have any unstaking plans but let’s see what happens in the future. Am very interested in playing the game so let’s see.
Are you still holding on to your HP? Delegate it to zingtoken and earn crazy APR on your delegation at holozing.
Thank you.