Putting HIVE Power To Work
With the community initiative #HivePUD that happens on the 1st (organised by @traciyork with support from many others across the network), a lot of folks would have powered up their HIVE and will start seeing the benefits of this. One such benefit is that you receive a kind of "interest" on your powered up HIVE, which I believe is around 3% per year so even if you do nothing else, you will have 3% more HIVE in 12 months time (I think)!
However, if you're a bit more active or adventurous and want to look at ways of getting that power to work even more, then one of the many options is using @dlease. I mentioned this in my own power up post the other day and some of you were asking about it, reached out on Discord and so I thought I'd just do a post about it and break it down layer by layer. So let's find out a bit more about what is.
What Is Leasing?
Leasing is basically letting someone borrow something you have, or you wanting to borrow something from someone, for a set period of time at an agreed fee. With HIVE leasing, you're letting someone borrow your HIVE Power (or requesting to borrow HP) for a certain period of time for an agreed upon fee.
DLease
Dlease is a 3rd party website that has been built by @buildteam which is set up specifically for the purpose of users leasing or requesting leases for HIVE Power. If you lease your HIVE Power, you get paid in liquid HIVE. If you request a lease, you need to pay liquid HIVE.
Here's how it works.
Log In To The Website
Here is the link to the dlease website, where you have a range of options to log in, I use Keychain as I find it the easiest thing to use around Hive.
Dashboard Tab
This is where you can check the current status of all your leases. You will see the following summary at the top and a table underneath with all your active leases with progress on how much longer they will last:
- Current HIVE payouts - these are broken down into daily, weekly and monthly so you can see what's coming up
- Active Leases - showing how much you have leased in, leased out and your average APR
- Idle HIVE Power - how much HP you have available to lease out
Market Tab
The Market tab is where you will find all the information about who is requesting your Hive Power. The summary bar at the top shows the following information:
- Available Leases - how many available leases there are at the moment and underneath in brackets is the total amount of HP requested. In the screenshot below, 63 leases are available with a total amount across them of 84,167 HP (that would be nice to have!)
- Ongoing Leases - the total number of leases that are currently happening across the site
- Maximum APR - maximum Annual Percentage Return (APR) going at the moment, with, I'd say the more useful, Average APR underneath in brackets. A higher APR will give you more in return for the amount of HP you lease.
The table underneath the summary bar shows the available leases and the default view is that it sorts the leases to have the highest APR at the top but you can sort by however you want. If don't have a lot of HP to spare, sort by HP. If you want a long term consistent daily payout, sort by duration. You just click the little arrows next to the column titles and it will sort accordingly.
Leasing HP
Once you have found a suitable candidate from the list, click the "Delegate" button and the screen below appears. Be sure to review the information and sign the transaction using your preferred method.
Congratulations, you have leased your HP and will get daily liquid HIVE for the duration of the lease period!
Requesting A Lease
If you wanted to pay for a delegation, then you need to click on the "Request A Lease" button from the Market Tab. The first screen you see will be this:
Most of the time, the account will be your own for both the boxes but if you have multiple accounts then make sure you select the correct account for each box!
The next screen is where you fill out the details of your lease. I've just put in some numbers as an example for a bit of fun if you wanted to be a whale (~520,000 HP) for 24 weeks lol!
As you play around with the numbers, the display updates as well to give you the APR you are offering, the chance that it has to be filled and how quickly, based on performance of similar lease requests. If you are requesting a large amount, you can click the "auto-split into smaller leases" box which will basically split the amount you're requesting into smaller chunks (maximum of 100 splits) and will likely to be more successful than requesting 520k HP in one go in this example haha! Click "next" to go to the confirmation.
The final screen confirms the lease request and you'd then pay the amount of HIVE by using your preferred signing option. Make sure you have enough liquid HIVE in your wallet! Needless to say, I didn't carry through with this lease request so don't go looking for it on the market!
Things To Consider
Obviously, only use dlease if it's right for your situation. I use it because I find it a better way to use my HP as I am not around all the time and I know curation guilds are on there who will put it to better use supporting content creators, plus I get a return, which I then use to power up and continue the cycle, it all adds up with the compound!
I'd also say check out the account that you are leasing to and do a bit of research on them to make sure they won't abuse your HP (whatever your definition of abuse is). If it is being abused and the community is letting you know then you can always cancel your lease by going to PeakD wallet, click the magnifying glass and then the bin icon. It will take 5 days for your delegation to return then you can try again if you wanted.
The APR offerings go up and down all the time and I've seen the average go down to 10% and up to 16% since March 2020 so, with most things, it's about timing really if you want to maximise your APR. If you don't mind waiting then check every couple of days to see if it's changed.
Other than that, pretty straightforward right? Who else uses dlease to loan their HP? Anyone use it to borrow HP? How have you found it?
Nicky
Endnote: An afterthought I just had is that other 2nd layer tokens like LEO and others might add a leasing type set up on their front ends for their specific token (although I guess if these projects have already been set up with curating specific content in mind, then they'd probably allocate the most tokens to their curation account). Food for thought anyway...
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I have always been interested in borrowing some HP but the question that always lingers in my mind is, what if my order doesn't get filled relatively quickly?
I would prefer leasing directly from an individual because it gives me the likeliest chance of being filled plus I wouldn't have to worry about losing bits and pieces of the HP delegation over the term of the lease. That would make the investment unpredictable.
I would love to hear from people who have actually borrowed to confirm some of these things.
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I think your lease remains active for 7 days before it gets taken off if it doesn't get filled (but don't quote me on that).
There are definitely options to lease from an individual outside of dlease. Would imagine just a wallet memo to someone you're looking to borrow from would do the trick to see if they are interested or some other way of reaching out. You don't lose HP with dlease over the term as it's already agreed upon when the lease is filled as far as I know? Not sure what you mean by that though so may need to clarify that one.
I think @cwow uses dlease to request HP and has done for a while so might be able to provide some answers for you!
Thanks for the info.
What I mean by the quoted text is, is it not possible for someone to undelegate their HP during the period of the lease?
I imagine one could do that and then they would forfeit the daily payments but the borrower's projected yield would vary by a higher degree.
Yes it is possible to undelegate during the lease but if that happens through dlease the outstanding payments will be returned to the person requesting the lease.
So if your lease was terminated early (e.g. 30 days early) by the person removing their delegation, you'd get that 30 days worth of HIVE back refunded.
I'm not sure this would happen if you set up an arrangement outside of dlease though so that's something to be wary of.
There is no security making agreements outside DLease, true.
I wonder whether allowing borrowers to lock leases to a specific user would actually help provide that security.
For example, I we would agree on the amount of HP, the APR and lease contract length, then I would create the contract on DLease locked to your username. That way only you can fill it and I as the borrower have the security of knowing there will be no 'funny business'.🙂
Yes that is a great idea! If that's not possible, another option would be to set up a "private lease" so that it isn't public on the market place so a url is generated and can be sent to you via discord or Twitter or whatever you use for direct messaging.
I've arranged specific leases in the past with another account, they create the lease and then send me the direct url to it although it still appears on the public website/market tab so someone else can take it up.
I'll tag in @cryptodrive and @dlease to see if this could be implemented for "private leases".
Would be interested to see if they develop that feature.
That would actually be the easiest way to implement it. I would love to hear from the Buildteam guys if they implemented something like this. I would jump on that opportunity immediately.
I wonder if you still organize leases. I would love to pick up a delegation to curate the Sports community and hopefully turn a profit/grow my HP at the end of the lease contract.
I used to do private leasing, but it created too many problems, mostly drama problems though and chasing payments. dlease made it easy so I stopped do private leases. Lately I haven't been using dlease because at current APR levels I get better from other means.
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Yeah that's the problem I would foresee with private leasing if it was done "over the counter" and not through dlease with chasing payments and like you said, added drama... No thanks haha!
That's great you're able to get better APR elsewhere! Keep thriving 💪
Ugh. I can't lease because I don't follow all those curation rules. I just randomly "like" what I like and rest !ENGAGE 20
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Same here. But I have 5 people on my autovoter including you. I just upvote everything I like including comments. 😬😬
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ENGAGEtokens.People don't realise that this is defi before defi was cool.
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Yeah man! I have been using dlease for over a year now and was thinking to myself, didn't we already have "DeFi" here on Hive before the craze has started elsewhere? I just don't think it was advertised much (if at all) but I don't know for sure! I found out through exyle post last year.
I don't know if it is profitable for everyone. If you have a small APR from the treatment, the loan investment will not be returned. If you have a high APR, it's hard to find a person who will take 10-12% APR. My APR @jozef230 is 18.7%
Important! If you have high HP, I don't know if such a large curation will be.
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Yeah it really depends on what your own purposes are but I've not seen an APR that high on dlease since I have used it.
Another thing to consider is that it's cheaper to get more HP by requesting leases than it is to buy the HIVE outright so a lot of people do it for this purpose as well to help support their communities or onboarding or for whatever reason really!
But as always, it's a case of doing research and seeing what works best for you. I am just shedding light on one of the many tools available for people to look in to if they were interested 😊
I've been using it for about 18 months.
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Noice! I've been using it about 12 months, you've done well, I'm just under 15%
I've always wanted to lease but I don't trust my curation skill. I use my HP to "like" whatever I like and that's it. No strategy and all that fancy APR stuff.
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Oh I'm naff at curation and still just vote what I like but my upvotes are the equivalent of an account with 30HP so really is just a "twitter like" haha.
I guess I want to get to Orca as quick as possible and found dlease to be the easy way to do it whilst helping others help others. Most of my HP is out to curie but probably going to play around with these Hive engine tokens too. Didn't really understand them until seeing you and Che post a bit more about them.
How do you think we'll do against Sheffield United?
So I hear they all you the lease king 🤴, pretty detailed tutorial lol they should pay you for that marketing! I heard the dlease team say they would support BLURT if it reaches around a $0.15 range so by that logic they should support LEO
The more mixed the lease market the better! Imagine eventually with SMTs people could lease ETH to use in say liquidity pools or trades
Lol! They call me John Arne Lease! Well I get a decent amount daily paid out from my leases and it made it easy to do. Like you, the post rewards are enough from writing about it but I wouldn't say no to some extra HIVE donations if they wanted to send some haha!
I really think they should look into doing layer two tokens as well the more I think about it. The potential to expand is massive with little downside as far as I can tell (but I'm probably missing something)!
As for Blurt getting up to $0.15, it has a long way to go to get there but on ionomy over the past week, the price has gone up from around 70 to 130 sats so nearly doubled!
LOL well played with that pun, straight from left field. I think the second layer peeps are focusing more on the miner coins, I read a post today some dude bought $1200 of miners and its now worth $5k and its kicking off 13 LEO a day passive income so its around 85% APY at the current price.
I think I'll have to jump in on miners on the next tribe that wraps into Uniswap, just kick off that free cash flow
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Yeah I'm keeping some back in reserve now to buy some miners, as you know, I'm all about that passive cash flow! That's mad about the LEO miner, guy's smashed it!
BTW, with all this mayhem that's happening on the chain, I somehow ended up with an additional 2k HIVE in my account from ionomy! I've made it to Orca assuming that it's all gone through! I got a message from HiveBuzz saying so it must be official!
Yeah I’m leo key FOMO’int why didn’t I jusy buy up all those miners and leo when they were cheap as chips could have literally just used my lease profits and made more profits sigh
Then I guess it’s time to update that BIO! Lol you just had a orcagasm! Now that you hit orca I guess it’s time to reach the same level in the tribes you like then just sit back and wait for the bull run to pump your bags and maybe take some profits and covert into Sats on the weekly
Going to have to dig into the miners and whatnot, I think PAL have a miner and neox too. With that spare donation from ionomy, I might just pick a few bits up here and there and try to acquire tokens for the weekly sats!
I have dived into dLease once. But i opted out coz i thought it would be cool to like the posts you want on your own :)
That was the only reason. Otherwise, it is a best option for passive earners.
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You still can like posts on your own but you upvotes will just be worth less monetary value.
I'm glad you are enjoying manual curation, I've not really been too good at it and so dlease is a great option for me so keep doing what you're doing man 💪
Yeah. I agree. It is also plausible to use Dlease if you have any upvotes left after leasing my HP. I am still a noob and cannot think of using the small amount I have. Manual curation is fun but also a compulsion for small accounts like mine to remain visible 😀
What I did was if I had any small amounts left and there wasn't enough to lease or a worthwhile upvote, I'd delegate it to curangel or ocdb or another curation guild that offered some return so you'd still be able to grow your HP whilst helping out other content creators who get curated.
Up to you of course but it takes the pressure away from having to actively curate if you aren't able to and get the rewards still 😃
Yeah, I did that. I delegated small amounts to three curation accounts. That way I am exposed to delegation and have some leeway to manually curate. However, my manual curation is not valuable enough compared to others.
You will get there over time mate, keep plugging away, sounds like you're being smart about it all as well 💪
Yeah. I agree. It is also plausible to use Dlease if you have any upvotes left after leasing my HP. I am still a noob and cannot think of using the small amount I have. Manual curation is fun but also a compulsion for small accounts like mine to remain visible 😀
Congratulations @nickyhavey!
You raised your level and are now an Orca!
Do not miss the last post from @hivebuzz:
YEAHHHHH! I MADE IT!!!
Hurray! Congratulations on becoming an Orca @nickyhavey 🎉🎉🎉
Thanks a lot man! Appreciate all the support you've given from when I first joined with nothing 💪 hope to inspire the next generation of newcomers
Thank you 😊