In the previous post I mentioned the changes to the list of tokens I was staking on Hive and the update to my activity on the Hive snowballing concept. In this post, I'll follow up on those ideas and share some interesting changes.
Everything I share here is my experience and is geared toward users like me who have very little or no capital to invest. I primarily use the profits I make through publishing content on the Hive blockchain, using faucets, or PTC (Pay-to-Click) sites. Everything mentioned here is related to the Hive blockchain or its layer-2 tokens.
Disclaimer: What you do with your money is your responsibility. Do your research before investing.
SNOWBALLING HIVE
Immersed in cryptocurrencies since 2019 and in Hive since 2023, the concept of snowballing Hive came to mind while analyzing my personal account and ways to earn dividends in $Hive. Some YouTube videos on capital market investing and compound interest also helped. The first steps are always the hardest. For example, it took me about two years to reach my first 1,000 Hive staking (Hive Power [HP]) through blogging and curation earnings. Now, as of October 2024, I've grown to over 1,560 HP, at a rate of +100 HP per month. If this sequence holds, it will take me 10 months or less to earn the second 1,000 Hive staked. That's 58.3% less time to scale from 1,000 to 2,000 than it took me to go from 0 to 1,000.
So, why not implement a snowball strategy with Hive revenue? What would be a strategy to accelerate these first steps from 0 to 1,000?
Of course, this only applies to those who view their Hive account as a personal business and are in it for the long haul. If we previously explained the two main strategies for implementing this concept of snowballing Hive, today I'm updating you on the one I'm developing.
I've changed my blog rewards to receive 100% in HP. This is because I reached the goal of staking 100 HBD and am now working toward reaching 3,000 HP. Once I reach this new milestone, I will reevaluate my goals to determine the model I will choose to receive author rewards.
In another milestone, I managed to stake 120 HBD to earn 1.25% monthly interest passively, or 1.5 HBD in monthly interest. From now on, all HBD earned will be converted into different tokens to increase my stake or increase my position in the liquidity pools I participate in. The goal of using this compound interest is to create a base that allows me to meet expenses without affecting my HP and, if possible, the interest earned will cover my basic monthly needs. A tough challenge, but it's a long-term one.
I actively vote on content. I try to keep my voting power at 70%, so I limit my votes to 25%. I also build community: commenting, helping and encouraging new members, generating initiatives or projects, and offline activities.
Another area where I've increased my long-term investment is in permanent HSBI units. I now have a total of 682 units. This allows me to have a stable and secure income on Hive through my posts.
If you want to learn more about HSBI Click Here
Finally, I'm looking to diversify my earnings through Layer 2 tokens and liquidity pools.
Token List Changes
The unstaking of all my tokens (not on the holding list) is being converted to Hive or other tokens of interest for inclusion in the liquidity pools.
My token list remains focused on the following list:
- $LEO, $CENT, $BRO, $BBH, $BBHO, $BEE, $WAIV, $POB, $NEOXAG, $ALIVE, $LOLZ
The 1.22174253 $BRO I hold gives me a passive income of 0.003 $HIVE weekly. However, I am considering selling them and buying more $POB, as delegating 586.476 POB (same value as 1.22 BRO) to @pob.voter gives me 0.08 HIVE weekly. I have currently increased the delegation to 1,004.416.
On the other hand, I delegated 1,000 LP (staken $LEO tokens) to @centtoken, and for this I receive 0.035 SWAP.HBD weekly.
Of the $BBH token, I hold 10,329.86 BBH, giving me a weekly profit of 0.04593592 SWAP.HIVE. The amount of BBH increases each time I use the !BBH command to tip a user.
As for BBHO, the goal is to reach 10K; I currently hold 424.27980664 BBHO. This token can be earned by using the #bbh hashtag as the first hashtag in your posts.
BBH, BBHO, and BRO are tokens that pay dividends for holding or staking them.
Liquidity Pool Changes
Here, the changes are a little more visible.
As you can see, I've focused on the pools for $LEO, $CENT, and the native Hive Engine layer 2 token, $BEE. These are pairs with good trading volume and tend to maintain or increase their value, so the fees earned generate a fairly attractive APR.
The increase in pools is slight as it is based solely on the rewards of these tokens (and the conversion of others) for curation, blogging, or staking.
In the future, depending on performance, I may consolidate and focus on just three. For now, I continue to monitor and increase positions.
Conclusion
These ideas are aimed at users who, like me, have very little or no capital to start investing. The main investment is the profits obtained through publishing content on the Hive blockchain or through the use of faucets or PTC pages. All the opportunities and possibilities mentioned here are related to the Hive blockchain and its Layer 2 tokens. If you have a large capital or monthly investment amounts of more than $100, your investments should be different (although these would also work). Again, time and patience are key. If you have any ideas or questions to share, I'd love for you to leave them in the comments.