My Hive Goals for 2023 Week #14

in LeoFinance2 years ago

I have decided to start posting a weekly update on my progress toward my 2023 goals here on Hive. It helps me stay on track and I can realize if I am behind on a goal at any point in time. I am still ahead or on track for all my goals. So it doesn't look that bad and I have had a few LEO flow in so my goal there shouldn't be as bad.

Progress

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Above are statistics that I have gotten from HiveStats. This week was about the same the previous week.

HP

I got about more than last week with 65 HP earned throughout the week. I am checking this through the difference between the two end points on the graph on Hivestats. It is lower than the previous week. My curation return is still lower than I expected but it has recovered a bit. Overall, while it isn't the best week, with one thing being better and the other worst. My goal for curation is to just make sure that my voting power is never full. I was able to use up most of my voting power without any issues.

HBD

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I have added 27 HBD to my savings to get closer to my goal. I am slowly getting closer to the point where interest will be enough for my goal but I am not there just yet. My HBD goal is still the furthest along I am in my three goals and I am getting closer to the point where I don't have to put in any more HBD for my yearly goal. As it is right now, I should get about 240 HBD more from just the interest. So there is only like another 100 or HBD that I need for this goal to be set.

LEO Power

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I earned around 1002 LEO last week and that is a great result. The nolosslottery has closed and I got back over 940 LEO from that. I don't plan to use all of that LEO for the next LPUD but I do plan on putting a decent chunk there to reduce what I need per month. Maybe it's about time for me to put some more LEO back into CUB but I might wait until V3 pools come out for them first. After all, if I have to move my funds over, I might as well wait and do all of that together.

Conclusion

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It's been a week since my last update and I am liking my progress so far. My HBD goal is still the furthest ahead and I am still on track for my HP goal. When I do power up my LEO for LPUD, it will decrease the amount I need for future months. I wasn't expecting for so much LEO to just flow in. With everything going on, I am still on track and my HBD goal being ahead gives me more room to top off LEO Power or HP when I need to. If I keep being consistent, I will definitely reach my goals.

Do you have any goals for 2023? What is the progress towards your own goals?

Feel free to leave a comment if you read my post. If you have any questions, feel free to ask and I will do my best to answer.

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Nice progress, keep it up :)

Thanks.

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Nice progress ! That will be great to reach the point where you can hit your HBD goal passively from the interest ! Plus thats quite an impressive increase in LEO for the period ! Great work
!ALIVE
!LOLZ
!PIZZA

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Thanks. I think that is the first step then I can work on the other goals. The LEO was unexpected but it also means that I should hit my LEO goal without too many issues.

!CTP

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Well done for making it onto the #saturdaysavers club #topauthors post for this week - good luck in the poll !!!:
Announcement Post
Poll
Cheers @hoosie !

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Thank you. How does the poll work? I was expecting a thread with the poll feature?

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Hi, the link above titled poll will take you to it. You have to be logged into Leo alpha to see it, so try logging in. Thanks

Congratulations on your progress towards your goals.

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Thank you.

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Smart Investments and smart contracts, I like those names and will use them.

I would like your analysis of this project suggestion.
I would like to incentivize people to invest in easydefi by changing the program.

The program would allow investors to buy tokens on hive-engine which can be redeemed at a certain rate at a time.

For example you buy 300 easydefi tokens for 250 LEO tokens.
And in exchange for your 250 Leo tokens and you are allowed to sell 6 Defi tokens per week for 6 Leo.
This means that at the end of 50 weeks you will have sold all 300 defi tokens and earned 300 Leo tokens in exchange for your 250 Leo investment.

I pay investors 20% APR over time, and it is permissionless to a point, in that the investors don't have to wait for me to send them Leo, they just sell the DeFi tokens every week to get their Leo earnings.

Now, I know there will be those tempted to sell back more then six tokens each week, but I will reward those who don't do this 3.0 Leo upvotes for comments with screen shots documenting their Hive Engine token sales of 6 defi tokens and screen shots of their balance remaining. This 3.0 Leo upvote will give 1.5 Leo per week or 75 extra tokens per year and doubling their yearly return to over 40%.

I think this is a win-win.

What do you think?

Thanks

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It depends but I don't think you can put a limit on how many tokens people can withdraw. It would require a website and even then, I think the best alternative is to pay out in a token that can be converted into Hive. I think changing it to LEO could be quite annoying. However, I don't think it's a bad idea. You just need to hash out more details on how it's implemented first.

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  • Thank you
  • I am concerned about how to limit the token withdrawal, but positive reinforcement seemed to be a good alternative to other methods.

  • I had not thought of selling the token for Leo instead of Hive or HBD be annoying? Good point, so thank you.

  • So it would be better to value the token in HBD?

Thats helpful because I also thought of just selling the token for HBD. This would mean changing liquidity pools, which I don't mind, to HBD-BUSD.

This pool would safer in terms of risk to capitol, and provide a better return then HBD in the HIve wallet savings account.

The rewards could be easy changed to Hive or HBD.
Perhaps providing rewards in stablecoin HBD is the better way to go, people can use that to buy things on Hive or convert it to the fiat of their choice.

Supplying Leo rewards upvotes on top of HBD rewards might be the cherry on top?

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It could work but I would think through about how to provide that value. If you are giving those upvotes to people who give like zero value in their content (as in same copy paste or like 50 word posts), I think other people will probably start to hit back against it. So there needs to be standards put down on how you would distribute things and I think Hive/HBD is the solution for most people. If people want anything outside of Hive/HBD, they just need to swap it over afterwards and most pools have a Hive or HBD trading pair.

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Big congratulations on what you've accomplished this week, and on your goals this year so far! Truly amazing! I still have quite a way to go before I'm at those levels! I'll get there at some point soon. I wish you mad success on smashing more of your goals! 😁 🙏 💚 ✨ 🤙

It just takes some time and all you need to do is build. If you don't have money, just spend some time and I am sure you will get up there soon enough.

!CTP

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Thank you, and yes, I give Hive a lot of time every day. Things are definitely speeding up! 😁 🙏 💚 ✨ 🤙

Over 1k Leo for one week alone is incredible, I think if that stays a little consistent you could achieve more Leo goals.

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Yea. I got a ton of LEO because a project where I invested in LEO closed down. It's a one-time thing but it's a huge push toward my LEO Power goal. I don't see any reason why I can't get that LEO goal even if I don't buy any off the market anymore.

!CTP

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Wow, well, I guess the goal continues. Keep building then

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You are growing very strong in LEO that is incredible. Congratulations on the progress.
!ALIVE

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The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.

Thank you. I got lucky because the LEO from the nolosslottery got refunded to me after it closed. Now I just have to wait for LPUD to power it up.

!CTP

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I have not checked on my CUB late since the last time you posted about it which made me do the migration.
I will look out for your updated post about it so I can do the same.
You are progressing impressively with your goals.

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I haven't bothered just yet because I don't think Khal has moved the pools over yet. I am waiting on that to invest some LEO into CUB because I think I am well on track towards my LEO Power Goal.

!CTP

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