Everyone at some point in their life has dreamt about financial freedom. But you don’t get in a position of that stature working a 9-5 that requires your presence almost always. We’ve all the saying until you find a way to make money while you sleep, you’ll remain poor.
The best way to make money while you sleep is through passive earning- making your money work for you. There are several ways of passively earning, and Hive presents you several ways of passively earning.
Passive Earning Through Your Stake
Aside post earnings from your blog, you earn Hive for staking and holding Hive as HP. The sweet thing about this is that you can still use the HP you’re earning interest on to vote and earn more from curation rewards.
And if you’re not around to do the curation on your own, there’s no need to worry as you can delegate your HP to curation initiatives to utilize it in curation for you, and as they curate, they pay out rewards in Hive to you. Whiles this is not the best thing to do, it’s an option for when you can’t be around to curate yourself.
It just keeps getting better. Some of these curation projects pay out other valuable tokens beside Hive for delegations to them. An example is Brofi which pays delegators in BRO for delegation.
To fast track your HP growth, vote value, curation and delegation rewards, you can always buy more HIVE yourself to power up. This is a great investment that surely will pay in the long term.
20% APR on HBD savings
You don’t find common a 20% APR for holding a token of good value. Lucky for us, Hive does the impossible and as per voted by witnesses, you earn 20% APR just for transferring your HBD to savings account and holding yearly.
This involves no rocket science and you don’t have to do anything complex to get it. Like your HP, you can either earn your HBD, or invest by buying yourself and saving to fast track its growth.
Dividend-generating tokens
Hive is a vast ecosystem so big that aside the base layer token, we have several second layer tokens built on the chain itself.
Some of the tokens have been built to grow Hodler’s wealth by paying it’s holders in dividends daily, weekly and monthly. One of the most popular dividend-generating tokens we know is BRO which pays some handsome dividends due to the fact that it’s circulating supply is small, making it a scarce token to have.
But even aside the dividend-generation, there’s more for tokens like BRO
Another awesome thing about BRO is that it gives holders eligibility to receive upvotes from Brofi, The BRO economy’s curation account.
But aside even those, there’s still the fact that BRO is an inflationary token. And inflationary tokens are capable of increasing in value over time thanks to volatility. From what I gathered, BRO launched at 2HIVE a few years ago, but has now inflated its way to around 10HIVE recently. This is just a tip of what it is capable of in my opinion as I believe it’ll do better prices in the bull market.
But BRO is not the only dividend-generating token out there. There’s LGN as well (a relatively new token of the Brofi economy) which is what I’m honestly more vested in as I missed BRO in it’s early days.
Providing liquidity to liquidity pools
Decentralized exchanges need liquidity to fill buy and sell orders fast, and adding your assets to their liquidity pool for faster transactions generates some earnings for you from the transaction fees charged on trades.
Like I earlier mentioned, Hive supports so many tokens on the second layer aside the main chain token itself, and transactions like swapping these second-layer tokens are faster when there’s more liquidity. You’re incentivized for being a liquidity provider by receiving a fraction or percentage of the trading fees from the liquidity pool.
This subject is one I’ll digress deeper into in another post.
You don’t have to wait for a miracle to begin your journey to financial freedom. You start by finding ways to make your money work for you, no matter how small. Hive has many of those if you do your research well enough.
The content in this post is solely for educational purposes and is in no way financial advice. But I’m sure you knew that already.
The images in this post are free-to-use images designed by @doze
Posted Using LeoFinance Beta
With Hive's various methods of earning, like staking Hive Power, holding HBD in savings, participating in dividend-generating tokens, and providing liquidity to liquidity pools, the possibilities are endless. I especially appreciate the fact that Hive offers not just earning potential but also a supportive community to help you make informed decisions. It's exciting to think about how Hive can help individuals on their journey towards financial freedom. Let's Keep building on Hive, the possibilities are truly endless.
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