Greetings to my esteemed friends on the Cent community and the entire hive blockchain. It's a sublime Sunday over here, I don't know about yours. Hope your day is going well. It's your friend @faquan the Centprenuer.
It's amazing to bring my post to your reading pleasure and I pray that it meets you well. Today we'll looking at saving and staking and also create a balance in-between.
In everything you do in life, remember to create a balance in-between, because excess of everything is bad.
Is Saving at this moment on the hive blockchain ideal
One of the ways to keep your money safe is through saving them in the traditional banking sector or in the savings platform on-chain. The truth is that there's no time that's not ideal to save money. This is because, saving helps you in distress times.
How do I save on-chain
For now I know about the HBD savings that gives you additional 20% interest as long as you want to keep your savings on-chain.
The 20% APR on HBD savings has attracted more users to the platform and it's still attracting more on a daily basis. This is happens because, most Hive whales needed a platform that'll will secure their investments and the HBD savings account is the ideal place for that.
Saving is good, but staking Cent token is better
Saving HBD on-chain is good, but staking Cent tokens is better due to its Curation rewards and the nature of the cent Curation team.
Cent token stake helps improve your influence on the cent community and it's Curation rewards can in turn help you save more through Cent/HBD swap on Tribaldex.
How to create a balance in-between saving and staking
- create a template or plan on the amount of your hive rewards that'll go into savings, stakes and expenses. Your expenses angle is very important because you'll need some amount of money to sustain you.
- avoid an unhealthy competitions on-chain. Everyone on the hive blockchain have their capacity of earnings, so competing with them means you'll get constantly frustrated.
Stake and save on the hive blockchain for you do not know which of them will be to your rescue when you're in dare need.
Thanks!