It's actully been a rather eventful week for hive in the last week which is a little surprising compared to the crickets of the last few. The biggest topic to be talked about is the possible reduction in APR for the algorithmic stable coin $HBD from it's current 20% APR.

There's been much talk about this ranging from yes do it. To if you do it the economy of Hive will collapse. My personal thoughts is it should be reduced by a small amount something like 17% or 15% and see how things are reacted to. I feel if you're thinking reducing the APR on HBD is going to collapse the hive economy well then there's something seriously wrong with hive itself.

We will see what comes of the APR change but for now it seems like everyone talked about it and casted their vote on witnesses which was a big welcomed change as every vote there counts no matter how big or small. As people take part in voting for witnesses and proposals it's going to make hive even stronger.

Goals

$HIVE

Goal: 100,000 Current: 98,572 Needed Per Day: 11.33

We made some great movement in the last week. By the end of September I feel we will hit this goal and crush it at current pace. I've just recently started to back off of liquidity pools and focus more towards stacking hive itself.

*Image taken from HiveStats.io

As you can see my earnings of hive have dropped a good bit however I've started to power up my own hive on the daily of at least 10 hive per day. This will most likely be the going factor for the next two weeks as I head out for a vacation. That means of all these stats we will see LEO grow the fastest. But the nice thing is the general APR of hive is going to help me to outpace my hive needed per day. This week keep me on pace to my goal. The reason why I'll be doing this is because I know I'll only have a few short moments of internet time to be able to dedicate to hive during those days.

$LEO

Goal: 150,000 Current Without Delegation: 107,987 Needed Per Day: 330

That needed per day number might sound crazy but it's actully not. At the moment I'm currently pushing a little over 100 leo per day but with the hive change for the next week that's going to land me pretty close now to that 330 mark. So yes while this one did fall behind I still believe I'll be able to hit it by years end as long as the ad buyback goes into play. If it doesn't then there's pretty much no way to hitting it unless I invest Fiat or pull assets from other locations.

$SPS

Splinterlands is in a bit of limbo for me at the moment. The last town hall and info I got out of it including general feelings to me made me feel like the land release target of end of Aug. is now not going to be reached. This now makes me feel land 1.5 will not release until mid September at the earliest.

The one part I'm constantly trying to figure out is how much DEC I'm going to need. On part says you'll need 5,000 DEC per plot as a power source (However if you bought building in a box that's covered which I did for 100 plots) On the other hand I'm hearing I need another 10,000 DEC per max leveled card I want to work on the plot. Meaning 50,000 DEC per plot? That's the part I'm stuck on understanding and sounds confusing to me still.

In any case we have been stacking DEC and cards to be ready for land. I plan to put all of my plots to work from the start or as much as possible. That's a total of 142 plots that will be working away producing goods. I'm still conflicted on if I'll add this to liquidity pools or outright sell it. I'm thinking it all depends on if DEC gets stable at $0.001 or not. If not I'll do a 50/50 split or 80/20 split where 20% would go into liquidity pools and the rest would be stored or sold for profits.

Tomorrow (Monday 10am EST) Will be Splinterlands town hall of which I'm hoping we find out more news about land and where we stand with all of that.

Overall hive is growing and the stacks are growing. One of the biggest moves I did last week was built a rather large stack of passive Wax. With how low prices are there it just feels like the right move as the last bull run saw wax prices skyrocket to $0.50 or better. Passivly making 100wax daily in the bull market could be a decently lucrative thing. Build in the bear sell in the bull.

Posted Using LeoFinance Alpha