There is not much good news for Hive because tomorrow, 30 July Hive is being delisted from Binance. Hive/USDC perpetual, cross margin and isolated margin.
One of the biggest reasons why Hive dumped 12% to 15% in just two days is this. Investors are selling in the USDC market, creating selling pressure and because of that the price is falling.
Meanwhile Bitcoin's price is stable and moving upward. Especially Ethereum and other large cap coins are increasing in price. But unfortunately the price of our beloved Hive is going down.
In every market situation we should adopt a strategy so that we can minimize our losses. During a bear market one of the best things you can do is HP leasing.
Anyone who wants to take full advantage of this bear market should lease Hive Power from #Hive-Engine and do curation for a long period. This will not only help you earn rewards but it will also help grow your account, increase your followers and improve your influence.
In todays content I will show you the step-by-step process of leasing HP through Hive Engine. I will also explain the current APR during this bear market and what things we should keep in mind.
First I think it is important to mention that leasing HP does not guarantee profit. Right now the lease rate is around 8% APR while curation rewards are also around 7% to 8%. That means you may experience a small loss or simply break even.
The benefit comes when you curate high quality posts and those authors become your friends and vote back on your posts. Another benefit is that your Hive account grows, your reputation increases and by curating consistently, your followers also increase. You will also start making new friends.
Also if you do not sell your rewards at these low prices and instead hold them you may benefit from capital appreciation in the long term.
These are some of the advantages of HP leasing.
You can lease HP in just three simple steps.
Open Hive Engine.
After opening Hive Engine it is very important that you have SWAP.HIVE in your wallet because HP leases are paid using SWAP.HIVE.
If you dont have it, simply make a deposit. After depositing your SWAP.HIVE will appear in your wallet.
Click the Lease button.
After clicking it you will see an interface showing different users lease requests, the current APR and the amount of HP they are requesting.
The first thing you should check is the APR percentage. See what the current APR is.
If you request a lease at a slightly higher APR than the current market rate your request will likely be filled more quickly.
If you request it at a lower APR the chances of your request being filled are smaller because the current market APR is the most suitable rate.
Click the Request a Lease button.
You will see several options. First select what you want to lease. HP or another token. Simply choose HP.
Then enter...
The account that will receive the lease.
The amount of HP you want.
The number of weeks.
How much you want to pay per week.
After filling in these details you will see the estimated APR at the bottom. As shown on the screen, an APR of around 7.9% is currently suitable and your lease has a good chance of being filled at that rate.
After completing all the fields simply confirm the transaction on the Hive blockchain.
Then wait. If another user finds your request attractive they will fill it and you will receive your HP lease.
These are the important steps for leasing HP.
I hope you guys will like this post and is interesting as well. If you find it informative then dont forget to give me a support. Share you reviews in the comment section below. Thank you all for your time reading the content.
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