Liquidity pools would be a good way for someone with limited funds to gain "free money" to use for more investment.
Assuming you have a few HIVE to spare, pick a liquidity pool which looks appealing to you, take your disposable income to buy "X" amount of base token and an equivalent value of quote token, then let the distributions arrive in your wallet every day.
Every 30 days take the liquidity pool rewards to sell them for SWAP.HIVE, then buy more base tokens and quote tokens to add to your position in the liquidity pool. This way, the LP rewards become larger every 30 days since you're re-investing them.
The only drawback to this approach is the amount of time it takes to reach your goal to begin using liquidity pools. If you have the HIVE to spare already, you're all set. Otherwise, convert some HBD to HIVE or shift Layer 2 assets around until you have the SWAP.HIVE needed to begin.
Posted Using LeoFinance Beta
being a lazy bastard I've never bothered with liquidity pools
then maybe delegations?
why bother with delegations when you can get around 12% APY on your HP from curation ( which is automated if you are part of curation trails ) plus inflation. That goes up to around 15% when the price of Hive really goes down. I'm not aware of any project besides HBD savings that offers an APY above 20% which would make bothering with delegation worth it in my eyes
Bro, do you have an idea about second-layer tokens? I was constantly pushing you to try it (cause I know it will benefit you, please give it a try). no matter what you do (checking your stats), you can't earn more than what dedicated second-layer accounts earn.
Your second layer tokens are barely earning 5% and it can take you to 10%+
I will recommend you delegate second-layer tokens to dedicated second-layer curation accounts. Also, don't delegate to any account that promises x token for y token delegation.
Example:
I know what you're saying but I was disappointed when my favorite curation projects stopped and haven't bothered since. I'll give it a shot for vyb, pob and leo. Got any links ?
You can link to the banner, I drop under your post to join discord.
or if you don't bother to engage on discord then for these tokens here are the accounts to delegate to:
@vyb-curator @pob-curator @leo-curator
thanks for helping out a lazy pleb, curious to see how the returns will be in a week :)