Posts

Time to test the money printer that is Hive staking and delegations

avatar of @youloseagain
25
@youloseagain
·
0 views
·
1 min read

Last night I came across the wonderful but confusing would of Hive staking and delegations.

What is this you ask? Well I shall provide my understanding.

The multiple coins you can get on Hive such as Bee,OneUp and Cent to name a few are stakeable with your hive wallet. I use Hive Engine for this.

Once these were staked I assumed I would get some kind of reward for this, but alas I was wrong. There is one final step to be done. You must delegate that coin to the associated curator account such as @oneup-curator.

Once this is done you then receive a daily payout from them.
How cool is this!?!?!??!

Today I am going to trawl through my wallet and buy additional coins I do not currently own to test this feature out.

The coins I will be trying are as follows:

OneUP:@oneup-curator Delegated:4724.57540428 OneUp SPT: @monster-curator Delegated: 728.397225 SPT BEE: @bee-curator Delegated: 4.82113927 BEE Weed:@weed-curator Delegated: 23.23036412 Weed

If this becomes a profitable endeavor I will increase my holdings of these coins to see how far I can increase my daily returns.

If i find more that are stakeable I will update as time goes by.