Image Source: PeakD
Since my last interaction with the platform, I was constantly fighting a battle with my mind on what to do next, as I already told you guys in my last blog ( My Hive Journey Begins ) that I am a new comer and I am doing what any new comer would do, searching, surfing and exploring!
And so in between all of this exploring I gathered up enough information to give me a start, more like activation energy in the language of Chemistry, and to know things better (atleast more than I knew last time). Therefore, I came up with an idea to write about the one thing I am searching for most and share the information I got to know so that new comers like me won't have to explore and waste their time on different platforms as they can get a handful of what matters most just right here on PeakD.
Introduction
PeakD is a decentralised financial platform that provides its customers with a variety of financial services. Due to the platform's rising popularity, many users are looking for strategies to increase their earnings on PeakD. The best methods for increasing your earnings on PeakD through staking, liquidity provisioning, trading, and blogging will be discussed in this blog.
1: Staking Your Assets
Locking up your assets for a defined length of time is known as staking, you can receive rewards for doing this. The kind of asset you're staking and how long you're staking for will determine how much you can receive in rewards.
It's critical to pick the best assets to stake in order to maximise your staking benefits. While certain assets might pay out more for longer staking periods, others might pay out less but let you access your assets more quickly. To identify the finest prospects, you should also keep a watch on the interest rates provided by various staking pools.
2: Liquidity Provisioning
On PeakD, liquidity provisioning is an additional way to profit. In exchange for rewards, it entails supplying liquidity to particular platform pools. Pick the pools with the best payouts and liquidity if you want to increase your earnings through liquidity provisioning.
Remember that the incentives provided by various pools might vary significantly, so it's crucial to shop around to find the best deals. You should also think about the risk associated in contributing liquidity to a specific pool and only join those that you feel comfortable with.
3: Trading
On PeakD, trading is a common technique to get prizes. You must select the appropriate assets to trade and have a thorough understanding of the market dynamics if you want to optimise your trading profits.
Spend some time learning about the various assets offered on the platform and their historical price movements before you begin trading. To decide which assets to trade and when to trade them, you'll also need to have a solid grasp of the current supply and demand dynamics and market sentiment.
4: Blogging
Another way to earn rewards on PeakD is through blogging. You can write on a variety of subjects pertaining to cryptocurrencies, decentralised finance, and the PeakD platform. You should produce interesting, instructive material of the highest calibre to increase your blogging income.
Additionally, you should ensure that your blog entries have clear headings and subheadings, are easy to read, and are well-organized. To make your blog entries more visually appealing, you might also want to think about integrating pictures or videos. Last but not least, promote your blog content on various social media sites to expand your audience and boost your income.
Conclusion
Through a combination of staking, liquidity provisioning, trading, and blogging, you can increase your earnings on PeakD. You may improve your chances of maximising your earnings on the platform by selecting the appropriate assets to stake and offer liquidity to, having a thorough grasp of the market conditions, generating high-quality content, and advertising your blog articles. It's crucial to stay up to date with the most recent trends and advancements on PeakD because these methods are dependent on market conditions and can change over time.
Hi there @saimhassan welcome to Hive. As a newbie and writing your initial posts, I would suggest not to summarise information about Hive. It adds little value hence the lack of response on this post. Many people before you with much better and in depth knowledge of how Hive works have written many informative articles, many of which can be found on @newbies-guide. Whilst you are free to write pretty much anything you wish on Hive, it's dangerous to offer information to others when you've just joined the platform yourself because it will end up as the blind leading the blind.
Your comment
is 1 - pretty irresponsible as part of a newbies' journey is to do their own research and learn, that is never wasting their time. And 2 - indicates how little you know about Hive. There is no such thing as "here on PeakD". PeakD is a frontend, people can read this post on any of the many Hive frontends
Also, as a newbie, it is best to not use whales as a tag because it shows how desperate you are for attention and support, and that is never a good thing on Hive.
Last and not the least, focusing on maximising rewards on Hive (not PeakD - again it shows your lack of understanding of things) is an unhealthy way to start your Hive journey. Hive is not a quick get rich scheme, if that is what you are expecting, I guarantee you will be disappointed.
Talk to @dlmmqb to learn more about Hive and its ecosystem to ensure you get a better understanding of things
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