Why You Should Not Power-up Hive (As Things Currently Stand.)

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(Edited)

I got into Hive because of Splinterlands. The Hive is full of ways to park crypto for abnormal returns. The primary reason people power-up Hive is for resource credits. Which you can easily run out of doing routine day-to-day activities such as renting cards, buying and selling cards. Many people ran out of resource credits while fighting against other people during end of season for rentals. My own success rate was 3/100 and that was about 10% RC for about 300 CP. Clearly, it isn't sustainable. The new updates to Peakmonsters should help a lot by saving people RC (auto-rentals and better checks on if cards are available.) You can check your current RC here:

https://hiveblocks.com/
The number one place people should use if they need extra HP is https://giftgiver.site/ gives people 15 HP for ones who are low on RC.

However, as things currently stand, powering up Hive is a really poor proposition. If someone were to power-up Hive, it renders that portions of their funds inaccessible because the power down period takes too long. The power down period as of current is 13 weeks. Regardless of your view on how much Hive will be worth, locking it away is not the play. (Right now, we're experiencing a pump.)

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This is just the fluctuations within a day. The Hive can be very volatile.

The current benefits of powering up are more resource credits and that Hive power appreciates by 3% per year. A mere 3% is a really poor deal when compared to other opportunities on Hive itself. Resource credits are important, no denying that. Thus I'm introducing my recommended solution for that: https://hive.dlease.io/

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This website allows you to lease hive power. The last time I used it, I spent 1 hive for 3 weeks at 74 HP. This meant that I only needed 1 Hive to cover my RC needs for 3 weeks. Whereas compared to the alternative of powering up the Hive with 74 HP, that means I would need 74 Hive (Kind of a tall ask back when for an account with around 10 if memory serves. People with excess Hive can also use that website to lease their excess HP out.

Spending 1 Hive leasing frees up the Hives you would've used to power up. Introducing ways to park crypto for better:

Splinterlands has DEC at 200%. SPS at 60%. That's not all, there's other things to do like holding SIM to generate some Hive per day. Current holding SIM returns:

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I do not play dcity or hold SIM but it is an opportunity for people to take advantage of. Just holding the SIM in your wallet is sufficient.

There's also liquidity pools where people can park crypto for returns.

https://beeswap.dcity.io/swap?pools has a list of rewards (yearly) and approximate APRs. This has rewards calculated daily. https://tribaldex.com/dieselpools/pools
They both use the same underlying pools so it doesn't matter which one you choose.
The "best" deal on there right now is this:

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I do not trade or hold Lassecash or know what it is used for, but it does reward 400.5% if the prices remain the same. Beware of impermanent losses when using liquidity pools.

With all the ways to park crypto for returns, powering up Hive is a really poor proposition regardless of your view on the direction of Hive itself. Leasing Hive gave me the opportunity to do so much more, hopefully it can help you do the same.



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11 comments
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Actually, the primary reason that people power-up Hive is to have a more powerful vote, and get higher curation rewards. Most people voting with their Hive are getting 9-11% APR just in curation rewards, plus you get a base interest rate on powered up hive... You can also delegate that to all sorts of projects to get votes in return, or free tokens.

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That's still a poor rate of return relative to all the other areas you can leave stuff in.

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It's still close to 15x what a bank gets you, on one of the most undervalued cryptos on the market (that is already almost 10x this year.)

You're also rewarding everyone you vote on with more Hive that way. And that means when they vote on your stuff, you get more Hive.

It's all a community-driven positive feedback loop.

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This is a very interesting analysis. I think the dlease project is a really great system and exposure to it is a great thing.

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You already know i'm a big proponent of HIVE and powering up.

Sometimes everything isn't about rate of present return sometimes it's about saving time and the hassles of renting vs owner... it's also about believing in something long term and longer term investments. Also RC delegations are gonna make HIVE even more useful when it comes out.

But being a renter is also fine ... i guess. For some people.

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(Edited)

'WE POWER UP, SO YOU DON'T HAVE TO'.

As I've heard it put elsewhere!

And if your business is on Hive I think you'd be insane to not have at least, I dunno 500 000 Hive Powered Up, 1M would probably be more like it, I'd be paranaoid about chain security if had as much at stake as you!

I'm basically with you - I think anyone with signficant Splinterlands assets should have a few tens of thousands of Hive powered up at least, it's just a matter courtesy to the chain that does the service, if nothing else!

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It's an odd one isn't it - that powering up Hive is basically an act of charity.

I'd be more inclined to pool that swap hive with oneup rather that LasseCash - I don't know anything about that token, but oneup I know I can trust, even if it's a slightly lower return.

I think you're far more likely to find yourself with a 2 swap hive and 10 000 Lassecash than you are with swap hive One Up!

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Congratulations @wildebunny! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s):

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Check out the last post from @hivebuzz:

The new HiveFest⁶ attendee badge is waiting for you
Feedback from the November 1st Hive Power Up Day
Support the HiveBuzz project. Vote for our proposal!
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People power up for different reasons. You don't need a huge amount to avoid running out of RCs. I earn from curation, but it also matters to me that I can reward others. It seems rare in the crypto world that giving can be a major element.

I'm also earning from Splinterlands and Rising Star, so my income is not too bad considering this is all really a hobby. It has to be fun for me.

!PIZZA

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I really need more hive power at the moment!

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