Damn i didnt know that sorry bro i was really broke i had to take it out but from now on i will start stacking it and always leave some power in, how do you stake it? And how long do you have to stake it to get that 20%?
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staking it is Powering Up. which website do you use to make your skatehive posts?
oh, i see what you are asking
the HBD Hive Backed Dollars is what you earn 20% APR on. if you put it into savings. but it pays you out every 30 days. you can take it out anytime but,
it just takes 3 days for you to take it out.
but nothing like powering down which takes 3 months,
so its really pretty cool.
this is a wallet screen shot from the peakD website.
so i earn like $60 a month off almost 4 grand ...
i just click claim and it goes into the savings++
my goal is to get that to where it pays my rent.
some people earn like thousands a month off it
but at that point its like you would have to have like 100K in there. and you PROBABLY wouldnt want that to be all the money to your name lol
like i would feel sketchy putting my whole bank account into it.
but its still good to have hive power too.
hive power is the essence of hive its good to at least have enough hive power where your upvote is worth a penny :)
I always post true the skatehive app i’ve never used peakd, is this better then on skatehive?
no its not better. skatehive app is ours so of course its the sickest. but the wallet functionality stuff i would do through PeakD because its more built out.
Would it be a good move to swap all my hive to hive backed dollar and stake that to? And how would i do that?
use the PeakD website and navigate to your wallet. well thats a good question. but you DO earn HBD on your posts. posts pay out in HBD and Hive. the best strategy is to swap the HIVE for HBD when hive pumps.
Okay thank you bro
Okay thank you bro i will start doing this from now!!