It's not realistic to earn that rate with HP. A realistic expectation is 12-16% and that's with active curation, meaning you are incurring some cost of time to achieve that rate. The only way that you can earn more is if you luck out and the price happens to have grown substantially at the time you happen to have powered down and are ready to sell.
I don't think so. In general actively using HP for curating does generate about 20% APR, but since these rewards are split 50/50 between curators and authors the return HP holder gets is half of that. Also, HP earns smaller interests as well even without actively using it.
However, we hold HP not for high short term returns, but much higher long term return. HBD won't go 2x, 5x, 10x or 20x. But Hive could and probably will.
In my opinion, actively using HP by HP owners within the network is what would contribute to the growth of the network and appreciation of underlying asset. Delegating away, leasing, or let it remain passive has the opposite effect. One leads towards more decentralization, another slows it down.
APR for HP will end up being much higher due to price appreciation. HP holders actually lose their share due to the overall Hive inflation. Inflation pays for the gears of the network to keep spinning, and pays for the network growth. In theory network growth should result in price appreciation.
One more thing, it is the HP holders who pay the HBD interest payments. :)
Are you sure that HP loses share? HIVE definitely loses share, but I'm not sure about HP. I haven't looked at the numbers recently (also inflation has been ususually low for the past couple of years due to HBD stabilizer profits and uptake of HBD).
No, I am not sure. I always had this assumption based on overall inflation being greater than portion that goes to HP. That's why I thought as time goes by vests distributed to non-HP events would decrease the share of HP compared to total of vests.
You have a great point! I have not considered the impact of the hbd stabilizer. Numbers regrading this would be interesting. I wouldn't know where to start. @dalz some numbers please?
This is the yearly chart.
Last year inflation was around 6.7%, and in 2021 it was negative 2.7.
So if you made more than 6.7% APR on HP in 2022 you beat inflation.
This yearly is still early, the first months are a mix, but still overall lower than the projected 6.5%
Even setting aside the stabilizer, overall inflation is relative to the total supply, but liquid HIVE gets none of it. So it is possible for HP to keep up with or even ahead of inflation depending on the portion of supply that is staked.
But I don't have much time everyday to curate manually due to my job restrictions. So I am searching for any great projects to which I can delegate my HP.
Curating doesn't actually take a lot of time, and it doesn't have to be everyday. Sometimes people take curating too seriously. It doesn't have to be that way. It is enjoying the content and clicking buttons. lol
But that is why we have delegate feature, for those investors who don't have time to curate themselves. Nothing wrong with that. It just doesn't do anything for growth and further decentralization either.
I don't have any recommendations. But if you are looking for better return delegations, it may require some research. You can see account delegations (sent/received) using this app - https://web-production-be1f.up.railway.app
It's not realistic to earn that rate with HP. A realistic expectation is 12-16% and that's with active curation, meaning you are incurring some cost of time to achieve that rate. The only way that you can earn more is if you luck out and the price happens to have grown substantially at the time you happen to have powered down and are ready to sell.
I don't think so. In general actively using HP for curating does generate about 20% APR, but since these rewards are split 50/50 between curators and authors the return HP holder gets is half of that. Also, HP earns smaller interests as well even without actively using it.
However, we hold HP not for high short term returns, but much higher long term return. HBD won't go 2x, 5x, 10x or 20x. But Hive could and probably will.
In my opinion, actively using HP by HP owners within the network is what would contribute to the growth of the network and appreciation of underlying asset. Delegating away, leasing, or let it remain passive has the opposite effect. One leads towards more decentralization, another slows it down.
APR for HP will end up being much higher due to price appreciation. HP holders actually lose their share due to the overall Hive inflation. Inflation pays for the gears of the network to keep spinning, and pays for the network growth. In theory network growth should result in price appreciation.
One more thing, it is the HP holders who pay the HBD interest payments. :)
Are you sure that HP loses share? HIVE definitely loses share, but I'm not sure about HP. I haven't looked at the numbers recently (also inflation has been ususually low for the past couple of years due to HBD stabilizer profits and uptake of HBD).
No, I am not sure. I always had this assumption based on overall inflation being greater than portion that goes to HP. That's why I thought as time goes by vests distributed to non-HP events would decrease the share of HP compared to total of vests.
You have a great point! I have not considered the impact of the hbd stabilizer. Numbers regrading this would be interesting. I wouldn't know where to start. @dalz some numbers please?
This is the yearly chart.
Last year inflation was around 6.7%, and in 2021 it was negative 2.7.
So if you made more than 6.7% APR on HP in 2022 you beat inflation.
This yearly is still early, the first months are a mix, but still overall lower than the projected 6.5%
Thank you so much!
Even setting aside the stabilizer, overall inflation is relative to the total supply, but liquid HIVE gets none of it. So it is possible for HP to keep up with or even ahead of inflation depending on the portion of supply that is staked.
But I don't have much time everyday to curate manually due to my job restrictions. So I am searching for any great projects to which I can delegate my HP.
Curating doesn't actually take a lot of time, and it doesn't have to be everyday. Sometimes people take curating too seriously. It doesn't have to be that way. It is enjoying the content and clicking buttons. lol
But that is why we have delegate feature, for those investors who don't have time to curate themselves. Nothing wrong with that. It just doesn't do anything for growth and further decentralization either.
So can you suggest some accounts to which I can delegate?
@ocdb is a well known one. There are others but I don't remember them.
What is their current APR?
8.5% minus a small fee
I don't have any recommendations. But if you are looking for better return delegations, it may require some research. You can see account delegations (sent/received) using this app - https://web-production-be1f.up.railway.app