There have been some changes lately that have me getting back into liquidity pools as a whole. I had previously gotten out to focus more on earning Hive-Engine tokens based on what HP I could delegate, but things are changing.
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DRIP
The rewards for staking DRIP have been drastically reduced. The rewards and APR are better pairing it with Swap.Hive and putting it into the pool. The advantage here is that some of the earnings can be reinvested, while the rest I can quickly cash out the profits.
PWR
Those who are liquidity providers will eventually be paid daily in Hive. Reinvesting part of that to compound the earnings over time sounds like a winning play in my book.
SIM
I get daily Hive for holding it liquid. What you put into the liquidity pool also counts towards your liquid holdings. It only makes sense to pair it with Swap.Hive and earn daily SIM passively just for holding it.
In all of these strategies, none are a get rich quick plan. In all of these cases, slow and steady wins the race. The power of compounding reinvestments will work in my favor over the years. Getting in while Hive and everything else is cheap is a great opportunity, and is much better than paying top dollar in a bull market. So, if you're looking to grow your passive income, then I'll see you in the pool!
Buy DUO and stake to receive Hive dividends, tip others, have your posts curated and grow Hive!
https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO
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