Lucrative APR in HIVE blockchain...
HIVE blockchain has been evolving ever since its inception. As of today we have over 126 projects which have been BUIDL'd by the Hive community! The progress have been phenomenon. Over the years seeing this blockchain grow little by little has been an astounding experience. Which leads to many queries about this eco-system. Today, lets talk about few of the projects which are currently giving out some lucrative APR's for our investments.
Annual Percentage Return (APR)
Annual Percentage Return : The cost to borrow money. It is the yearly generated by the interest charged on the amount loaned. Leo Glossary
Investing in cryptocurrency have always been a risky bet. Some have made insane amount of returns from their investments, while some have lost significant amount of money. In addition staking cryptocurrency for a specific time for a decent APR may as well be considered a risky bet. As the fluctuation of price may affect the returns estimated. Since there are countless opportunities of staking returns at our disposal in the realm of crypto, lets explore few of the ones that I am a part of at the moment. All of them are in HIVE blockchain.
Hive Backed Dollar (HBD)
As a stable coin of HIVE blockchain, HBD has been doing a phenomenon job to keep its pegged value at $1. There has been several occasion, where HBD lost its pegged value but within no time it has regained its pegged value. Read more about the full process how HBD maintains pegged value.
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20% APR
For a stable coin 20% APR is more than crazy. So far HBD has been maintaining its stance and keeping its shape. I recently made a post about if I had HBD in my account, how would I utilize it, read it here!
Nothing much is needed to avail this opportunity. Send the HBD into SAVINGS and it starts to literally print money the very next second. Currently the top wallet @lazy-Panda holds the most amount of HBD (809,435 HBD) in the account.
Currently the top 20 witnesses have triggered the 20% APR on HBD. It will stay this way, until they decide to change the APR of this trend. Most likely it will not happen anytime soon. Since this APR is one of the best way to attract investors into the blockchain. So far we have seen the affect of it already. If marketing is done more precisely, it would be one of the best option to attract users towards the chain.
Genesis League Governance Token (GLX)
Another edition of play to earn games from team of Splinterlands. I have made a detailed post about it read it here.
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179% APR
To sum up, upon staking GLX token, as rewards users are getting GLX token with a massive 179% APR. This is one of the biggest and lucrative APR which I am getting as of this moment. Although, the APR is suppose to come down as more people join the game.
As you can see, I have increased my stake from 1988 GLX (3 days back) to 5154 GLX as of this moment. I am planning to increase this stake everyday. I have started auto compounding via Splex.gg service.
Splintershards (SPS)
The governance token of Splinterlands! The most successful play to earn game/project on HIVE Blockchain.
23.63% APR
Currently there are two benefits of staking SPS. First is you get approx 24% APR for the staked SPS. Also you get to be eligible for the airdrop of GLX token, which will go on for a year. Although, few weeks have already passed! Oh yeah, I have passed 40k mark and moving towards 50K. The next target to achieve.
HIVE-Power
HIVE Power, the powered up HIVE which enables a user to perform activities on HIVE blockchain. Although curating regularly can maximize the ROI on this particular investment. With my current HP (3,905 HP), I have been able to monitor my APR.
According to Hivestats, my current curation APR is close to 12%. Well, not that bad considering other investments that I have over the span of my crypto journey. If I am being honest, I am happy with this return as of the moment.
So far I have been involved with this protocols and I am compounding everyday in order to increase my stake in all of them. I have seen and invested in various other projects of crypto and I have been decived countless times with fake promises from owners, Devs and even community as well. But in HIVE it is different. Where community matters and I want to keep my investment as safe as possible out in here and keep driving the path of this glory along with other HIVE users.
Which crypto projects are you investing upon?
Image Source : Splinterlands and GLS Web page
Best regards
Rehan
Want to play & earn from Splinterlands**
Splex.gg Rental Service
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Optimize your time and the return on your Splinterlands assets!
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