Stacking and saving HBD or Hive Backed Dollars the Hive stablecoin is a fantastic means of saving with 20% APR while we still can.
Marching through March with SSC week 10
Hello Hello Savers
It's Saturday well actually it is Monday again! I will get back into posting on the weekend soon...
I did take a snapshot on Saturday so that I could check on my savings goals for Hive and making my contribution to the Saturday Savers community.
This weekend gone the weather was fluffing dreich! I did get out each day but nothing of note to take pictures of. I mean there is only so much grey gloomy sky to take pictures of!
So that was last week and the sun shining on our nature walk!
But back to the business in hand ....
What is Saturday Savers?
Saturday Savers Club is for anyone who wants to save in any currency for any purpose. The Club is a supportive group of people who meet up around the weekly post, usually on a Saturday but occasionally on a Sunday, to share tips and techniques and have fun in the process.
I won't say anymore except guide you to Saturday Savers Club with @susie-saver | Year 4: 2024 Launch and FAQs | Everyone Welcome | EDS for Comments
So basically we make two goals. @shanibeer tabulates them all, and every week a post is made by @eddie-earner with all kinds of info and that is where we comment our progress or refer to our update of progress in a post.
Plus of course congratulating and encouraging fellow Hivians.
I have not made any more goals as I have been too busy with the bull run!
UPDATE ON MY SATURDAY SAVERS CLUB GOALS
My Primary Goal ~ Become an InLeo lion
The main one is to become a Lion! This means having a Leo Power of 15,000. I started at 7.5k so that means doubling it.
This means having a staked Leo bag of 15,000 tokens, this was roughly double what I started with which was 7528 LP and now I am 8288 LP.
This week I had an 12 Leo Power increase.
This was due to my HP delegation to leo.voter you receive staked LEO as a reward.
I now have over 200 liquid $LEO for the next lpud so should be staking my $LEO daily henceforth.
Hmm I need to do that, as I gained over 50 liquid LEO last week...
Secondary Goal Saving 700 HBD
I can't stress how much fun this is, especially if like me you are so not a saver!
This year I intend to have a goal of 700 HBD.
My reasons for choosing HBD as the currency are twofold:
1 In these turbulent time, putting savings into a stablecoin you know you are minimising your risk against market dips.
2 One HBD will always be one dollar's worth of Hive, no matter what happens to the price of Hive.
2 Currently we receive 20% APR on our savings!
The reason I wrote 700 is that I will participate in the penny savings challenge. and with accrued interest I will should hit 700 HBD.
That is the chart you can follow, and you can see for today I should be at 24.15 HBD. so let's go check ...
As we can see I am on 22.5 HBD
❌ I dropped below the target. This was an oversight, but it does bring into mind at what point might I consider not locking up my Hive in this way ...
I am behind but won't tell that to Mrs T!
I know from experience how hard it is doing the savings weekly especially later in the year, so if you can get a head start so to speak you have more chance of hitting that goal later on!
To keep things interesting, I am saving this HBD in my (not so) secret account @tengogaming.
By doing the penny savings challenge you will accumulate 671 of the token you are saving. As I chose HBD the interest accrued will top it upto 700 HBD.
Token Goals
I have been trading tokens on Solana and Cosmos/IBC and just created an Airdrop Alpha community here on Hive. There is so much going on at the moment, that just sitting in Hive we can miss out.
I have doubled my money and will keep on seeing how far I can get this year.
I have made loads of trades and turned that $24 higher, how far can I go?
HP fun goals
But for the sake of fun, I am going to make two HP goals!
- Main account (@tengolotodo) HP growth from 7370 to 10750 HP, that is a growth of 3380 which is 65 HP per week.
This week it is sitting at 8123. (+69). This is 4 above my goal. - Alt account (@tengolotodo.leo) HP growth from 911 to 2000 HP, that is a growth of 1089 which is 21 HP per week.
This week it is sitting at 1229. (+27). This is 6 above my goal, over double!
The two HP goals are both ahead!
I might actually make my HP goals this year!
Have you joined Saturday Savers this year!
Do let me know if you have.
If you haven't and want more info just drop me a message in the comments and in the meantime have a great year!
Stacking HBD Hive Backed Dollars the HIVE Stable coin is a great method for saving.
All ramblings and images are from me, the mad Scotsman TengoLoTodo unless otherwise stated, note lead image is from pixlr .com from a prompt by me. Many thanks to @raj808 for the banner design 🙂
Posted Using InLeo Alpha
