In the previous post, I mentioned the changes to the list of tokens I stake on Hive and the update to my activity on the Hive snowballing concept. In this post, I'll follow up on those ideas.
Everything I discuss here is my experience and is geared toward users like me who have little to 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 own 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 staked (Hive Power [HP]) through blogging and curation earnings. Now, since October 2024, I've grown to over 1,592 HP, at a rate of 100 HP per month. If this sequence continues, it will take me 10 months or less to earn my second 1,000 Hive staked. Taking 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 do a snowballing 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 previously we 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 this new milestone is reached, I will reevaluate my goals to define 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, delegations, 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 cover expenses without affecting my HP and, if possible, the interest earned will cover my basic monthly needs. A tough challenge, but a long-term one.
In Cuba, about 20 HBD would be enough to cover a month's basic needs; in other countries in Latin America, Africa, or Asia, the figure would be 200 to 300 HBD.
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. This always comes back, even if it's not measurable monetarily, as some things don't have economic value but have great spiritual value.
Another area where I've increased my long-term investment is in permanent HSBI units. I now have a total of 882 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 liquidity pools or staking.
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.
Staking Token Delegations:
- 1,004.416 POB to @pob.voter, which gives me 0.111 HIVE weekly.
- 1,000 $LEO to @centtoken, for which I receive 0.035 SWAP.HBD weekly.
- 5,342 BEE to @bee.voter with a reward of 0.015 HIVE every seven days.
- 169.50 ALIVE to @gestion.alive, which gives me between 1 and 1.5 ALIVE per week.
Of the $BBH token, I own 10,338.86 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 to a user.
Regarding BBHO, the goal is to reach 10K. I currently own 460.92 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 the $LEO, $CENT, and the native Hive Engine layer 2 token, $BEE. These are pairs with a good trading volume and tend to maintain or increase their value, so the fees earned generate a fairly attractive APR.
The increase in the pools is slight as it is based solely on the rewards of these tokens (and the conversion of others) for curation, blogging, or staking.
The most profitable pool in terms of fees earned is SWAP.HIVE:BEE, and the least is CENT:LEO. However, I am very confident in the positions I hold. In the future, depending on performance, I may consolidate and focus on just three of these four pools or replace one of these pools with another. For now, I continue to monitor and increase my positions.
Conclusion
These ideas are focused on users who, like me, have very little or no capital to start investing. The main investment is 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 elsewhere (although these would also work). Time and patience are key.
I repeat, what you do with your money is your responsibility. Do your research before investing.
If you have any thoughts or questions to share, I'd love for you to leave them in the comments.