There has never been more options to earn passive income on the HIVE blockchain.
Is it just me or has there been a massive influx of passive earning projects on the HIVE blockchain? The vast majority of this activity involves either delegating tokens or holding tokens and earning additional 2nd layer tokens.
Rewind to about 6 months ago and virtually none of these project existed or were in their infancy, fast forward and there's now more ways to earn passively than ever before.
Many 2nd layer tribe tokens at there core serve only as a rewards token for social engagement be it through content creation, communication, curation etc.
I think one of the problems that is solved here is that curation can be time consuming and even a little messy if you're holding multiple tokens. LeoFinance did offer a solution with being able to adjust the weight of each token but that hasn't stopped many from creating separate curation accounts to to maximize their gains.
Recent developments by BroFi now give bonus utility to many coins that really didn't offer much to holders previously.
Sure some people have their favorite tribes and will hodl until the day they die but many are content to earn their tokens and dump them in exchange for HIVE. That mentality may start to shift as passive income opportunities provide an additional level of utility, incentivizing users to hold their tokens and put them to use farming other tokens.
Many of these projects will put your stake to work for you! All you have to do is sit back and earn truly passive income.
There's now many option to earn passively it's almost overwhelming and I expect more to come! Have we reached peak passive HIVE?
Some projects are based on curation, some are revenue shares, some have decentralized consensus, and some even have off-chain sources of revenue but they all have one thing in common.
All you have to do is hold them in your wallet to earn an APR%
I'm not going to go into detail about each project but the token links are above and you can start your investigation there or feel free to ask questions below. Happy earning!
Ciao for now,
Posted to Publish0x here
Posted Using LeoFinance Beta