Changing My Staking Strategy

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Just eight days ago, I achieved my 50 million $SPORTS staking goals. However, though I said that I am fine with a small number of curation rewards from SportsTalkSocial, I am now having a second thought after comparing today's yield with four other Hive Engine tokens such as $LEO, $CENT, $LOLZ, and $DRIP.

TokenUSD ValueToday's Yield
$LEO2960.227
$SPORTS2570.073
$CENT1180.6349
$LOLZ3.230.075
$DRIP12.920.078

The above yield does not automatically come from my stakes, particularly in the case of $LEO for I have a delegation of 200 HP to @leo.voter. In the case of other Hive Engine tokens especially $LOLZ and $DRIP, the difference both in the USD value of my stakes and yield is huge. Imagine that a 3.23 USD value of stakes in $LOLZ ( I might be inaccurate here for I still don't understand how the tokenomics of $LOLZ works) and a 12.92 in $DRIP can give a higher yield than the 257 USD value of stakes in $SPORTS. That's the reason why I am changing my staking strategy.

Nevertheless, I still believe that creating and curating sports-related content is very promising. However, my priority now is finding the fastest way to grow my Hive account. As such, I decided to maintain just 3 million $SPORTS in my delegation to my wife's account. The same case with my wife's account. I decided to unstake 7 million $SPORTS and will keep a small amount of stakes. Whatever curation rewards I will receive, I am also going to keep it.

02-SPORTS.png

As for the $HIVE that I will be getting from selling my $SPORTS token, I am thinking of adding more stakes either to $CENT and $LOLZ, or I can also consider $DRIP and $POB.



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26 comments
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wow u have a lot of sports token not even sure whats the use case for that one

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Well, the token is used as a curation reward and I can exchange it for SWAP.HIVE. That to me is enough for now.

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i see but if u hold hive u also get curation reward in hive?

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But the yield varies and that's why I am doing a trial and error. I think the $CENT tribe is giving a higher yield. I will try $POB next. $LOLZ and $DRIP too are giving better yields from staking rewards.

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i see that makes sense. are u unable to see the % yields before doing them?

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Yeah, except for the market price of the token, I have to test how the tokenomics of each token affects the yield.

!PIZZA

!LOLZ

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And besides, a small account does not have much voice on Hive in terms of curation rewards. Better to find a tribe where your stakes can give a higher vote and also receive a higher curation reward.

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what do u mean here by higher vote?

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Say, for instance, my 50M stakes in $SPORTS gave me the ability to upvote content with 5k plus $SPORTS and I will receive half of that after 7 days. The same thing with $CENT. My 100k plus stakes is giving me the ability to give 25 $CENT plus upvote. After 7 days, I can decide whether to exchange them for SWAP.HIVE and power them up, which I have been doing for a week now, or I will just stake them to grow both my $SPORTS and $CENT power.

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so your upvote is in their token?

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Yeah, that's how it works. Though you only have 10 $HIVE Power, if your $SPORTS Power is 50 million, then by curating sports-related content, you are actually distributing a huge amount of $SPORTS. The only downside is the market price of the token, but it is fine with me.

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i see. that seems limiting tho if u have to curate sports content?

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Yeah, because I don't have the cash power to boost my wife's account, and that's why I need to be strategic to use my wife's account just to curate content in SportsTalkSocial.

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If only you can convince your wife to invest on Hive tribes or Hive itself, then you won't have to think much about investing your own money. 😎😏

!WINE !LUV

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Interesting. I haven't calculated the yield on staked CENT yet, but it's quite nice. Of course, CENT is staked and not liquid to receive it.

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It was actually bigger during my earlier months on $CENT, but I was still in the accumulation stage at that time.

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