Is SPT delegating still worth it? (2022.08.23)

in #hive-1679222 years ago

I am looking for advice. I have been constantly building my SPT stake, and I have been constantly increasing the amount of my SPT delegation with it to @monster-curator in the recent few months.

Currently I am delegating 11 400 SPT.

I used to earn around 6-8 SPT per day. Sometimes even around 10 SPT per day. But I received 2-3 SPT per day in the previous few days. Why the return is decreased? What do you think? Is it still worth it to delegate?

If I count with 2-3 SPT per day, then this is around 6.20% and 9.49% APR interest. This is a very poor return.

As you can see on the screenshot above, SPT is currently the second most valuable token in my Hive Engine wallet with $8.47 USD, but I will rather put this amount in Hive Dollar (HBD) savings for a stable 20% APR interest, if the return will remain in such a low percentage. Or into staked SPS for around 33% APR interest (constantly changing).

I know that $8.47 USD is not much, but still more than nothing. And every little counts/helps.

I am curious about your opinion. How do you see this? What would you do? Wait, and keep delegating SPT, or undelegate? If you would undelegate, then would you use the staked SPT to curate, or unstake SPT, and sell, and put the money into something else?

Do you actively use SPT? If yes, then are you satisfied with it?

Thank you.

Have a nice day. All the best. Greetings and much love from Hungary.

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Today I have 37000spt delegate to monster-curator, and earned 17spt.

I prefer keeping my spot delegated to monster curator because I don't have time to tribe curation nowadays.

That is a 0.045% daily return, and 16.42% yearly return. Similar to Hive Power delegation, so it is worth it as a delegation in general. The Hive Dollar (HBD) savings currently gives more (20% APR). And staked SPS currently gives even more (33.85% APR).

Edit: Today I received 6.069639 SPT for my delegation. Looks like it is good (the usual amount) again.

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Man I'm going with your advice on staking HBD.

Nice!

I have very good experience with it. Currently I do not have much in Hive Dollars (HBD) savings. I currently have $72.13 HBD in savings. Currently the estimated interest for this month is $0.785 HBD. There were occasions in the past, when I had more than $1000 HBD in savings, and I received more than $20 HBD interest per month.

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Naise...