Delegating Layer 2 Tokens for additional passive income

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I try to delegate what layer 2 tokens I can to accounts that will provide a passive income. I've built up a list that I use, over time - and I have to say it took a while to find them all.

220819 layer2 delegations.png

Notes

  • I really like the LOLZ token (like a lot !), and as can be seen a lot of the delegations I use are to a LOLZ account. In turn they payout out a daily amount of LOLZ each. And then because I'm a holder of more than 512 LOLZ, I also get daily payouts back on some of those layer2 tokens (a different one or two each day of the week) - which is a nice little compounding synergy,
  • There are other tokens that you can also delegate to LOLZ, but I dont delegate them all. Examples are HIVE, LEO, SPT - as I have other uses for those tokens,
  • I know of other accounts I could delegate some other layer2 tokens to as well, but I keep some of them in a staked state for curation reasons. LEO is a good example, as said above I could delegate it to LOLZ or some other accounts, but I'm an active poster in #leofinance and I'd prefer to not to delegate my LEO in order to buildup my LEO curation rewards,
  • As can be seen by the list, there are a few accounts I'm not quite sure about, and probably need to check further to see if they are actually doing anything.

My weekly routine

  • Each Friday I go through all of the tokens I've been awarded in the week, and stake all of the ones I can,
  • I then go and delegate each token I can to the accounts noted,
  • For ALIVE, I keep 1001 ALIVE undelegated, as I want to be able to keep tipping with ALIVE - any tokens delegated dont count towards your tally needed to allow ALIVE tipping.

So this brings in a small passive income daily/weekly. And it is small, but its compounding and hence growing all the time, and it only takes like 15mins a week to manage. So its all part of accumulating and growing passive income on HIVE.

Anyway, if you are aware of any others that are worth considering I'd love to hear about them - please drop them in comments - and I'll aim to TIP any shared !

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delegations layer2 leo lolz alive pimp spt cent leofinance
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23 comments
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forget about vibes-curator...vibes project isn't paying anymore...
vyb-curator, stem-curator and pal-curator are from cartel...so you will get vyb and pal from each of them =)
cartel also have other curators for oneup, leo, spt which you can get each one of these tokens, like you
are getting stem from stem-curator
cheers

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(Edited)

PIZZA! PIZZA! PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
gwajnberg tipped hoosie (x1)
@hoosie(6/15) tipped @captaincryptic (x1)
hoosie tipped gwajnberg (x1)
hoosie tipped cflclosers (x1)

Join us in Discord!

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this is really something to think about. I mainly sell the ones I don't use for those that I do.

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Its worth considering if it works for you. I do struggle with know what I should keep and what I should tell - its hard to know.
!PIZZA

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Nice list! I should start delegating my non-used tokens too. But I sold most of them for direct dividends ones :/
!LOLZ

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lolztoken.com



What did the Buddhist say at the sandwich shop?
Make me one with everything.
Credit: reddit
@hoosie, I sent you an $LOLZ on behalf of @engilhramn
The LOLZ Tribe is here! Stake your LOLZ now to earn curation rewards and continue using the !LOLZ command. Please read our latest update for more information.
(1/2)

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I have to say that I never know what to sell and what to keep, as I have other ones that I've no idea what they are. But I thought it worth trying to grow the delegation list, as surely it must help, even if its all small beer - from small acrons do mighty oaks grow !
!LOLZ

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That's the nice thing about !LOLZ. It is a dividend token too (once you have 512 or more). :)

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Many thanks - sorry, but I'm out of LOLZ today, so it'll have to be !PIZZA - another great project !

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Thanks for sharing the !LOLZ love!

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I also like !ALIVE to - and especially noting you can delegate with them to as well now !

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(Edited)

I hadn't even noticed you can do this - thank you!

It's a shame LeoDex doesn't have a column in the Wallet tab to show you how many of each token you've delegated. - Edited to add, yes it does, I just had to refresh first....

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