About ten days or so ago, I began to reassess all of my investment strategies across the Hive spectrum. Before that point, I was converting 100% of my POB author awards to Hive tokens to invest in passive income investments. [If you are interested, the complete story on this may be found at A Change in My Investment Strategies Regarding POB - Near Term Goals and Actions]. With this reassessment. I began staking a portion of my POB author awards and started a daily curation hunt for myself looking to award high quality content with my upvote and growing financial contribution.
So, as of this morning (with today's staking) I had already accumulated 80+ staked POB. Neither my desire to stake POB nor my desire to increase my passive income stream diminished. I needed an answer providing the best of both worlds to fit these needs and desires. What I needed was a method on how to put my staked POB to work for me deriving passive income.
POOF! An answer was awaiting me in a comment to the aforementioned article from @allcapsonezero. It was my best of both worlds solution - in the comment he said: "For the record, POB can be a source of passive income. I wrote an article the other day about a delegation to @amr008 for an engagement project. It is currently paying over 200% APR on Proof of Brain delegations. No need to lift a finger (after your delegation is set)."
Armed with this information, I set off on what proved to be an easy task of finding and reading the article @allcapsonezero alluded to. In his article Why I delegated to AMR's engagement project, I found compelling reasons to delegate my tokens to this project. In pertinent part, he stated:
The beauty of this project is that it incentivizes commenting. It incentivizes engagement. Much like @calumam's WOTW contest, it encourages the community to be a community. This is a good thing. Another good reason to support this project is to support the best actors on the platform. The people who comment the best, most and most places really are who we want to support on this platform. They are the ones who read your post and then talk about it with you afterwards.
This project rewards engagers who comment from the front end of the tribe only....So, activity on these tribe front ends is vital to their success. More ad revenue on POB will directly benefit everyone that is involved in the tribe.
I have come to agree with this premise that actions to benefit the community at large be followed. And if a portion of the curation awards I receive satisfy this, all is well.
Based on all of this I was sold. Immediately after reading this I delegated 80 staked POB to the Engagement Project and am glad I did! With this action, I feel I am providing some benefit to the POB Community for which I am a grateful member as well as satisfying my personal investment needs. Going forward, it is my plan that when I accumulate 20 or more staked POB in my wallet those staked tokens will be forwarded to @amr008.pob to be used in the Engagement Project, a very worthwhile endeavor.
There is one last point I fully agree with from @allcapsonezero's article. He states: "I feel that @amr008 is very good at putting together data, but not so much at building hype for the engagement project, so, I figured I would give the project a bit of a boost." I hope that by telling my story and reiterating the wisdom of allcapsonezero, I too have provided a boost to this wonderful project.
If you haven't already delegated your staked POB tokens, I hope that you will consider sending them amr008's way. The delegation will not be wasted and will benefit the POB Community on the whole.
Thanks for taking the time to read this. My appreciation goes out to you.