Hive Exploration, January 7th 2025

in #hive-1679228 days ago

I wasn't as active on Hive yesterday, January 7th, as I have been recently. I wrote about Ecency points, and personally used some money in my PayPal to purchase boosts from Ecency. I can't properly onramp money into Hive, so things like that are an important part of me building my stake, beside through posting and curation.

With the delegation from Ecency providing me some more vote weight, I upped my delegation to the @eds-vote account, which will increase how much EDSi token I get paid out from them.

I also went in and set up my hive.vote a bit better:

  • To friends and family, I set myself to vote for their posts and follow their curation trails with pretty much as much weight as I can.
  • Set myself up to vote, with lower weight, on posts from @freecompliments, who posts routinely and runs the FreeCompliments community where I've been posting, @hive-112281 (the BBH account), and @dubble, who posts content I like.
  • Followed the curation trail of a few accounts whose tokens I hold, and whose curation rewards go into those tokens' yields or otherwise support the effort, like @steembasicincome, @eds-vote, @brofund, @lolzbot, and @legionsupport.

The general idea is to use my vote weight to support the curators I'm already supporting through holding tokens or other participation.

I also realized that with the posting keys for my old account, I could set it up to follow this account's posts and curation trail, so I've done that. I'm still hoping that I can find the little book with all the keys, but after so many moves, I'm starting to doubt it.

Yesterday @ecoinstant announced the YIELD token on Hive Engine, done as a project with a few other folk. I put some of the SWAP.HIVE I had available into it, becoming the second person to place an order for the token!

In general Hive economic news, a lot of SWAP tokens are currently trading under value - SWAP.USDT has been 20%+ away from its backing. It's almost certainly temporary liquidity issues to do with the significant increase in speculative trading due to Hive futures markets, but for folk with the capital (not me), it might be a good and rare opportunity to pick up a stablecoin at a discount.

DEC and SPS continue their downward trend, with Hive's price increase causing a sell-off across layer-2 tokens.

Overall it's been an active time for Hive and Hive Engine's markets, in ways that generally point to a consolidation of resources across the chain, potentially setting us up for an influx of new users, which could spark new projects or breathe some new life into current ones.

https://img.inleo.io/DQmPAVD3utmoFonyT9mAcgdB1vGZdPDqqHEy7jXrGm4RCEt/hive-exploration-20250107.webp

Posted Using INLEO

Sort:  

We are bullish on the future, but maybe not the "future's market"!

I really appreciate how useful a chain Hive can be, and it honestly frustrates me how many folk treat it as just another $TOKEN to trade around, and I'm hoping that things like Binance listings ultimately prove unimportant compared to things like solid dApps and communities.

Loading...

Appreciate the kind words Michael!

It's very refreshing to see somebody involve themselves so much with all the nuances of Hive these days, you've made great strides in understanding how every aspect of our Blockchain works! I have no doubt your efforts will pay off in the coming weeks and months. Great to have you amongst us 😁

!BBH

Thanks! I've really enjoyed nerding out over Hive and all the associated projects this winter. !BBH

@dubble! @michael561 likes your content! so I just sent 1 BBH to your account on behalf of @michael561. (1/5)

(html comment removed: )

@michael561! @dubble likes your content! so I just sent 1 BBH to your account on behalf of @dubble. (1/1)

(html comment removed: )

Followed the curation trail of a few accounts whose tokens I hold, and whose curation rewards go into those tokens' yields or otherwise support the effort, like @steembasicincome, @eds-vote, @brofund, @lolzbot, and @legionsupport.

If you're going to trail @steembasicincome, I recommend trailing @sbi-tokens instead. Hive SBI splits votes across ten primary voting accounts, with a decision rule of 'highest VP that can deliver the required vote size'. This effectively means that most of the votes on the primary account are to the Hive SBI whales (with a bit of random other members sprinkled in). Meanwhile @sbi-tokens trails all ten with adjusted vote weights in alignment with the target HP distribution across the whole program.

You won't be hitting every vote anyway, but randomly pinging members that happen to post right when your VP reaches your target to deliver another vote. But the trail vote on @sbi-tokens has a better chance of hitting any of Hive SBI ~2700 active members instead of only the much smaller pool of Hive SBI whales.

Thanks for the guidance!