It was just by a coincidence that I bumped into this tweet from Binance telling that they now support staking of $HIVE on Binance. In other words, you can buy HIVE and hold it and stake it on Binance and get a 4% APY. That isn't bad at all, and if you just invest long-term in HIVE and believe in the platform, it might actually be a good solution.
Of course, it is more fun to be an active user on HIVE in which you vote, write, and engage with the community. But, if you don't have the time or energy to do that, and you don't want to use your HIVE power with a curation trail or something like that, then the 4% APY on Binance is actually a good option.
If you want a steady income, you should also consider adding some HBD to your Hive Savings. There you can enjoy a stunning 20% interest on your stable Hive Dollar, so that is definitely worth considering if you want to keep your dollars in a safe haven!
Have a wonderful day everyone!
Yeah for anyone who trust CEX and do not know much about Hive its ok but sounds so wrong for anyone already working their account on Hive, if we focus only on the USD side then probably just put HBD into savings and let it compound, Im doing some of that 🤑🤑