What is the best thing to do with the Hive Power you have?
To be honest, the reason I wrote this post is to seek opinions from other people, as they might know something I don't.
First of all, I'm not a Crypto Expert, what I've written here is based on my understanding. So, if you notice any mistakes in my ideas, please correct me and don't let me go astray. I don't pretend to know everything, and I also want to increase my knowledge or correct any misconceptions I have.
I will be grateful to receive tips from others.
I have a bit of HP, and I'm thinking about where to use it. I've thought of only three ways to use it, but I'm not sure which is the best option. Perhaps there are people who have read this and experienced different ways, and I might learn something from them.
Curation
One idea is to use my HP for curation. There are many ways to curate, I could follow a trail to automatically vote every time the trail votes, and I can also set the control of voting. I could also manually curate where I choose what to curate.
Another option is to set up auto-votes using Hive Vote and select people which posts I like. With the first two options, there's no effort involved because I wouldn't have to search for what to curate. I just don't know if this is an effective way of curating.
And of course, there is the manual curation where I will choose what to vote on, ensuring that the posts I vote for with my HP meet my standards. I have no problem with manual curation because, to be honest, Hive platforms are my new social media. This is where I spend my time, and I really enjoy reading posts here.
I also don't know if there's a way to maximize the earnings of my HP through curation, so if you have any knowledge about this, I would be happy if you share it in the comments section.
Lease HP
I checked Hive Engine, and in the Lease tab, 1000 HP can be rented for at least 10 Hive per month. Currently, I have at least 2000 HP, and whenever small sums become available from acquaintances, I gradually add to my HP. But these additions are very small.
With this method, I don't have to worry about anything because I'll just receive the money. I just don't know if the payment is in liquid Hive or HP and where it goes because I haven't tried it yet.
The only reason I haven't tried it is that I thought if people are willing to pay 10 Hive per month for 1000 HP, it seems logical to assume they are getting more value from it.
I don't know if they use HP for anything other than curation because the only use for HP I know of is for curation. That's why I still think it's better for me to use my HP for curation rather than leasing it out.
Delegate HP
I've tried delegation and calculated it, with delegation, my HP can earn more or less 15 Hive per month, so leasing earns more, right? The good thing about delegation is that my HP isn't tied up for one month because I can undelegate anytime.
I also receive income from this daily, unlike curation where I have to wait for maturity, and the earnings go to HP, not liquid. Actually, just to clarify, it's not liquid Hive but liquid 2nd layer tokens that are easy to convert to Swap.Hive.
Obviously, leasing earns more than delegation, or am I just delegating to curations with lower returns, which is why I'm getting low earnings?
Another thing I like about delegation is if you have a target 2nd layer token you want to acquire, you can delegate to those curations, and they will give you their token as your reward for your HP delegation.
So, those are the only three ways I know where I can use my HP. Maybe you know something I don't and would like to share it in the comment section. I would greatly appreciate any opinions you provide.
Thanks in advance to those who will give their honest opinion about my query, and sorry if it's a bit long because I'm talkative. Hahaha!
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