How To Build Passive Income With Hive

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How To Build Passive Income With Hive

I really feel the #hive blockchain is under rated. Of course that will change with time however for now it feels like a great time to get involved and understand how to grow your crypto wealth through the Hive blockchain. Let's get into all of the months Hive grows your wealth with time and activity.

What Is The Hive Blockchain

Hive blockchain is essentially what is known as a proof of brain blockchain. The way it should work is valuable content (Primarily at the moment in blog form) is rewarded by others on the hive blockchain though voting. Provide value and others on the chain should reward you through upvotes on that content. However lately hive is finally starting to shift a little away from that.

Instead of a blog/article marketing social site it's expanding into other areas such as #DeFi , Micro blogging, gaming, video and more. The entire ecosystem is evolving at the moment.

Passive Income

Passive income is income where you rarely have to put forth any work towards it. There's no such thing as 100% passive income as some type of work will always need to be preformed on it.

Powering Up Hive

Powering up your Hive tokens on chain will currently earn you a APR of about 2.84% (changes often but for the most part I haven't seen it below 2.5%) note it's never guaranteed but it does pay out about 2x to 5x higher than banks still.

This is the most passive income from hive that can be earned. All it requires is powering up hive and it generates itself every block (3 seconds) The negative to this it takes a total of 13 weeks to power down hive. If you powered down 13,000 hive you would get 1,000 hive per week (every 7 days) Powered down hive doesn't earn anything unless it is placed into DeFi platforms which we will get into later.

Curation With Powered Up Hive

For the most part curation is easy and a small time investment for most. Simply go around find content you enjoy and drop it a vote. You have about 20 100% votes each day and from that you will earn curation rewards. Currently I average around 8%/10% APR by doing this. The big benefit of this however is half is paid out in liquid form and the other half is instantly powered up. This provides you with a way to build your core passive income stream above while also have some liquid assets to use however you like.

DeFi

Those liquid assets could be powered up to earn more passive income or they could be put to work into DeFi platforms such as CubDeFi or PolyCub. These currently payout around a 40% APR however prices changes and APR values change so you'll need to be a little more active with this one and know what you're doing.

LEO Token

Last but not least don't forget about layer2 tokens on the Hive blockchain. LEO is one of them which offers up curation rewards and soon so much more. It's earned by posting quality finance related articles on LeoFinance.io and any type of content on LeoThreads It's speculated that soon the powered up LEO will be earning some form of passive income dividend for holding on to the token. The other benefit is all earn LEO tokens on layer 2 of hive are liquid so you have 100% control over what you want to do with them.

There are a few layer 2 tokens that really stick out at me right now
LEO - Finance
CTP - CTP Talk mainly marketing and small business
Neoxian - General pretty much anything goes
POB = General pretty much anything goes
VYB - General pretty much anything goes
ONEUP - Gaming type content
and I'm sure a few others as this list continues to grow as new projects launch.

There you have it, one of the easiest and most passive income streams for crypto is right here on the Hive Blockchain. Go forth and earn!

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12 comments
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Leothreads is an excellent tool to find readers! I just came from there! Building passive income streams is hard but worth the time!
!invest_vote

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Hive is truly underrated, I have seen so many odd us get the opportunity of generating passive income on the blockchain with ease.

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!1UP Learning the different ways to earn with Hive and diversifying between them is a great way to grow in a healthy and steady way in this ecosystem. Thanks for sharing this knowledge!

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Agree with your sentiment on Hive Power's ease of income-generation. I personally think $HBD deposited in Hive Savings for 20% APY is the "safest" of the different income-generating methods (including farming in Cub DeFi or POLYCUB)

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HIVE is definitely underrated and that's a fact... We have a relatively fast, zero-fee blockchain that can compete with almost every crypto out there... Also, integrated passive income into the blockchain through HivePower is a huge bonus and difference compared to others...
And, on top of that built dApps that bring value to it... I would add Dieselpools to your list of passive income earners as it's another powerful DeFi that we have on the second layer of HIVE!
Also, we can't forget 20% APR on staked HBD!

I have picked this post on behalf of the @OurPick project and it will be highlighted in the next post!

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Without a doubt, this is an underrated chain that gives many opportunities to generate profits passively, especially HBD.

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