Eddie-Earner Showing The Power Of Hive

Are you familiar with the EDS token, the one that is tied to the Eddie-Earner project?

This is an example of the power of Hive. It is a rather small project, with very little in the way of market cap. Yet, in spite of the size, it is something that is very powerful for those who are involved.

Eddie first appeared on the scene a couple years ago and has become one of the steadiest producers. It is also generating a reliable return, one that far outpaces most.

It is based solely on $HIVE. Everything is priced based upon that. It utilizes the design of Hive for consistent growth.

You might have seen the weekly reports appearing in the Leofinance and Peakd feeds.

So what makes Eddie so great?

Let us take a look.

Get Rich Slowly

The power of Eddie is in the design. It is rather simple really. We utilize the dynamics of Hive for a steady return.

Here is an example of how the pool operates:

EDS is pegged to 1 HIVE per token
12% of over 98,000 HIVE POWER pays out (98000*12/52.18) 225.37 per week
EDS in circulation each yield (121.88/24900) 0.0071 HIVE per week
0.0071 each week for 1 year (52.18) equals 0.368 HIVE

This might not seem like a great deal until you consider what this equates to in terms of an APY.

Here is a chart of how Eddie produced:

Right now we are looking at roughly a 35% APY on the token. This pays out each week in $HIVE. It just shows up in the wallet.

On Hive, we get excited about a 20% APR that is tied to the Hive Backed Dollar (HBD). With Eddie, we are looking at a return about 75% higher.

Steady Eddie at work.

Undiscovered Gem

This is the power of cryptocurrency.

Eddie will never rival Blackrock for assets under management. It is a project that is off the radar to most on Hive. In fact, I bet only 10%-15% of the users even heard of it.

However, as we can see, this pops out ~35% APY in $HIVE each year. Over the last year, we can see the increase in payout, on a percentage basis. Notice how it started higher than the 20% APR on HBD in savings.

Of course, there is no accredited investor nor are there any hoops to jump through. At this point, participation is based upon buying the token on the open arket on Hive-Engine or buying the miners which will generate EDS tokens throughout the year.

Damn, the above chart is starting to look nasty. It looks much worse than it is because the EDS APY is still over 35% paid directly in HIVE. We can expect this trend to continue over the coming weeks and months but you'll really not even really notice it that much.

In a nutshell - EDS still KILLING IT!!

Source

The power of Eddie is we can forecast into the future with decent accuracy. Because of the design, we simply keep growing. The pace might vary slightly but we know what the pool is and what it will look like down the road. Hence, the APY should keep increasing as a consistent pace.

In the end, nobody is going to retire off Eddie. There are not enough tokens and the project does not have enough size. That said, it is a fantastic return which will grow anyone's holdings. People need to understand how large a return 35% APY truly is.

At this rate, one's investment is paid out in 3 years. After that, we are playing with "house money". This will keep giving people a steady stream of $HIVE for the next 10-15 years. There is no reason to ever sell EDS.

Just keep collecting each week.

Article by @taskmaster4450le