Are you Staking or you Keep some Liquidity?
Earlier on i was reading the Leofinance weekly stats and the staking diagram caught my eye. During September as you can see on the diagram below around 160k of LEO was staked in September 2022 which is quite the amount. You can read more here
That had me thinking of what strategy i am following and what strategy most of you follow. To begin with i want to have a little bit of both. I really like staking the and vast majority of my holdings that can be staked are already in staking mode and the main reason behind that is Voting Power and APR.
Now for example i have around 6800 staked Hive and 5300 staked LEO. That means that i have a certain voting power that i can both help people out with some rewards and at the same time earn through curation. Also, another awesome thing of staking is APR rewards
If you are staking your Hive you earn around 2.8% yearly but Hive keeps on adding each day in your staking pile. It ain't much as the meme says but hey, who said no to extra rewards! Also, there is HBD which by simply adding to savings (a form of staking) you earn a 20% APR that you can claim daily or monthly as well. 20% for me is quite a lot and it totally worth it.
The only drawback in staking is that it takes 13 weeks for example to unstake all of your Hive and LEO amount which means that you may lose some opportunities of profits in case of a quick bull run.
As i said earlier i try to have some balance even though most of my crypto belongings that can be staked are already in staking mode. That means that i also keep some liquidity like for example 360 Hive and 1000 LEO. It's not a big amount as you can see but if something happens and the price skyrocket x10 then it will be a considerable amount for me.
Also, i keep some liquidity not only because i expect a big-time bull run but i also wanna have something liquid in case of an emergency. If something unexpected happens and i need some quick money, i want to have something else except my fiat. Sadly, we are facing troubling times and i believe having some liquidity over my cryptos can maybe prove very helpful in case something happens.
Finally, there are also certain cases of people that actually live of cryptos or use them in their everyday life which is something pretty cool and interesting if you ask me. Those people i believe want and have some of they crypto belongings staked but they prefer to have more liquidity as they are using their earnings to buy food, and groceries and generally use it on their everyday lives.
So are you Staking, have everything liquid, or both?
Posted Using LeoFinance Beta
