People look for passive income opportunities in the crypto world. Some people also comment saying that Hive can be a good source of passive income. I agree with that thought by saying that we have multiple passive income sources inside Hive. People can just build their businesses on top of Hive and create passive income streams from them. But there are also other organic ways in which we can create passive income. The two major passive income sources on Hive are HBD savings APR and Curation rewards.
HBD Savings APR
Hive offers an on-chain savings mechanism where we can keep HBD in savings and get a little over 20% APR. This can be a pure passive income for investors. People who would like to get the earnings can withdraw the interest alone every month and it becomes more like a salary to spend for the entire month. I'm personally looking forward to creating one such passive income from HBD every month that can be used for my monthly expenses.
HBD is a stablecoin and it has proved its stability in the last few months even though we had a major crypto crash or bear market. In all those tough situations, even when the value of HBD dropped, it recovered back immediately. 20% APR for a stablecoin is one of the best. Though many other coins offer even higher interest than stablecoins on other chains, most of them are not decentralized. That way we are lucky to have a 20% APR for our investment. The locking period is also only 3 days and we can easily withdraw in 3 days' time. The only problem is the liquidity but hopefully, it should get sorted gradually when there is more crypto adoption.
Curation rewards
The next biggest passive income source on Hive is the curation rewards. Curation rewards are nothing but the rewards people get based on their Hive power when they vote for someone. These rewards are purely passive if they delegate their Hive power to some community that rewards daily or if they automate their voting. People have a choice to keep this as an active source of income or a passive source of income.
People who don't want to invest their time in blogging or writing articles on Hive, can just power up their Hive and enjoy the curation rewards. The APR is somewhere close to 10% if we do it right. There are also some services on Hive that gives us returns every day for delegating the Hive power.
These two are the best source of passive income on Hive. In addition to these two, there are also several other passive income opportunities on Hive Engine and other layers and games on Hive. But these two are the best because they are completely decentralized sources of passive income.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
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