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Passive Income with Crypto Now Breaking Records
There was once a day when you had to mine all of your crypto. Putting hardware and software together, supply the power and put in some work to manage the system. This was a somewhat passive way to earning crypto and real money value.
Since then things have changed, mining went to a select few and writing articles for platforms like Hive opened up new possibilities to earning crypto. Since then few other platforms have launched to offer up rewards and while they are somewhat passive they are mainly hard work, with lots of effort to earn crytpo. (That's 100% ok! it's a great way to start building stacks of crypto and putting in the work. The next step is to take that stacked crypto and put it to work.
Lucky for us HIVE blockchain offers ALL of these things now. It's become a huge powerhouse for earning value from your work and it's now come full circle.
The Circle
- Write quality articles / leave quality comments on others articles to increase value
- With those earned rewards you can do a number of things
LEO - put it into DeFi via CUBDeFi
HBD - Put into savings and currently earn a 12% APR
Hive - power it up and earn 2% APR but also curation rewards - Write more!
Passive Income
With Hive there are many communities in which you can be a part of. Many of these communities offer their own 2nd layer token in exchange for posting there. Because of this you can then earn these tokens for posting and for commenting and then combine them with your swap.hive and put them as liquidity into BeeSwap.
Beeswap is yet another way to stack and build passive income with people using the swap system you start to earn some of the fees generated from it.
What's really awesome about this is you have the power and capability to start this right now. It all is a process and it builds over time. For example the 70k hive I now have today is from accumulation of posting, commenting, investing a large amount of money and staying consistent with all of it over the last almost 5 years now.
This is the same for investing in stocks and building dividend income. The income I now generate off of stocks and dividends has been from Investing and constantly investing for the last 7 years. It doesn't happen over night and you should stack as much as possible. The big difference with Hive over stocks though is you need little to get started. You just need to put in the work and yes I would consider it a full time job that won't pay a full time income at first.
You see every day I do my best to write an article such as this to provide value, drive traffic to hive/leofinance. I also spend a good hour reading and commenting on other posts (or at least try to this is something I want to do more of in 2022) and curating content of others. From that I'm able to build an increasing portfolio that I then invest into defi/swaps and other platforms that are "passive" That means little work and continued growth of those assets. It's possible and you can do it!
Posted Using LeoFinance Beta
The Hive Blockchain provides us with several opportunities to generate passive rewards. Defi is also another tool that has helped crypto lovers through staking, lending, supplying to validators, and the like.
BeeSwap just simply showing the APR has changed the game here. We moved allot of our DEFI into BeeSwap and really most of our income these days is coming from Hive in one way or another. So many ways to earn. And the integration with BSC and Polygon through SWAP tokens is going to be huge once people really start using them. I am using SWAP.BUSD and SWAP.BNB all the time at this point.
Reblogging for the https://coin-logic.com audience and also will feature it in tomorrows Daily News Flash post!
How do you do defi via beeswap? Is there a part that shows how?
It’s really using the same pools as tribaldex. But you go into the area that says Swaps, then you can see the choice to add liquidity. If you are on mobile there are secondary menus you will need to check. But what’s cool about BeeSwap above all others is that it shows the actual APR of the pools. They also have their own rewards system for different pools. The BXT token is the primary rewards token and when staked you can earn a nice staking percentage paid out in Hive daily.
I did it wrong. I swapped... ok, so if OK, add liquidity, will I be able to remove liquidity later? How does it record my holdings in liquidity, or am I just going to have to do it to figure it out? When it says rewards end in 7 days, does that mean my liquidity disappeared too, like a stock option expiration date?
Looks like a good subject for a post after Christmas, lol.
So it shows your positions in the tab that day, ‘Your Positions’ you can add or remove your liquidity at anytime. It also shows your estimated daily rewards per pool and the percentage of the pool you are holding.
The ones that say the rewards end means that those are Hive Engine distribution contracts. They are renewable contracts and most people tend to renew them. I look for the longer payouts, like with the LIST/HIVE and WEED/HIVE pools for example, those are both distributing for 5 years before we have to renew them. Some like the BEE ones are for a year, and then the PIZZA ones are more short term and all over the place, lol.
The BXT rewards from what I can see do not have a time frame on them. They are constant rewards from my understanding.
Cool , I bet by next year I will invest in cryptocurrency
Love seeing the success. You consistently put out good stuff. Nice work!!
!PIZZA
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Delegate HP and earn more
That's some good options and here you haven't even really touched on all the passive coins and things like delegating to curation projects such as leo.voter or monster-curator. There's so many options!
I'm missing out...I need a post to go to so I can learn more. I use dlease...a lot... but other than that...I don't understand how...
Let me see if I can find some with basic info on it, might even write a post about this as there's really quite some options..
First one I used is delegating HP to leo.voter:
https://peakd.com/steemleo/@leo.voter/steemleo-native-content-report-or-1
This was the first post on the account (first time I'm seeing that to be honest :-p) and explains a bit. Most info is at the account info on top though.
Another one I've been using for some time is monster-curator:
https://peakd.com/splinterlands/@monster-curator/how-to-earn-spt-with-your-splinterlands-posts-and-get-daily-spt-and-sps-payouts
Just recently the oneup-cartel added a bunch of new ones to the list which is mentioned little further down to the end in this post:
https://www.1up.zone/@flauwy/the-1up-cartel-a-meta-guild-for-blockchain-games-and-hive-community-gamification
Hope that gives you and idea what it is and how it works/which options there are. If not ask away!
I'll go read those. I do understand the delegation for payout concept and love it! I use dlease for leasing hp to get Hive payouts. Thanks for answering. I've got some reading to do!
Ok, I've read them all... so adding liquidity is basically the same as delegating... you can always reverse the delegation or remove liquidity, right? Where did the term liquidity come from... because your token doesn't have to be staked?
adding liquidity is different, I think that term is used for Liquidity Pools only.
Delegating, as far as I know, can only be done with staked/powered up coins. There's actually quite some other options for hive power to get liquid hive, utopis, bro coin or pizza and probably more I don't know about.
Ok...I definitely need a guide...
haha what part are you stuck at?
That is a very good tips and experience that you share. I am now started to work harder to be able to produce better quality post then continue to invest back what i gain into HP. I still in need for more power to get a goood curation reward.
I agree with @bobthebuilder2 somebody should put out some "How to" posts with detailed screenshots on each of your points here. Enter where, click what, enter what and all such things.