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Do You Use Liquid Hive Power (LHP)?

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Bill
@oldmans
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1 min read

With all the new and exciting projects and tokens popping up on the chain right now I like to keep some liquid hive available for a quick investment. My biggest source of passive income right now is curating using my Hive Power, so I don't like keeping liquid Hive laying around doing nothing. I started using LHP token a couple months ago to help solve that problem.

As you can see below the price is steady around 1 Hive and the daily volume is pretty low.

Click images for larger view

For me storing about 200 Hive it seems to work out well. Checking my delegations you can see for the 200 LHP I purchased, I receive a 200 HP delegation from lhp.app. When I need some liquid Hive I don't need to wait for a power down, I just sell off my LHP at a price near what I paid for them.

Please don't consider this financial advice, just my experience with LHP. With larger amounts of LHP I'm not sure how quickly liquidation might occur or at what price.

Feel free to express your thoughts and or experiences with LHP. Thanks for reading. :)

Posted Using LeoFinance Beta