Hive Engine is considered one of the best exchanges and platforms in this ecosystem and there are many other similar exchanges as well. Whenever news comes that such a platform has been compromised or hacked, it definitely feels very sad because these platforms are actually the most important branches of the Hive ecosystem and because of them the growth and success of the ecosystem becomes possible.
Hive Engine is a very good platform where you can trade tokens, earn passive income and also use delegation and leasing options. Since I often talk about weekly Hive lease today we will again discuss the same topic and especially focus on APR.
We will see how much difference came in APR this week, how many Hive users are requesting leases and whether giving your HP on lease is really beneficial for delegators or not.
Last week when we checked the APR of Hive Engine it was around 8%. This time also the highest bid is showing around 7.99% which means the situation is almost the same. The big reason for this is that Hive price is not moving in any special direction right now.
Remember that the APR of HP lease depends a lot on the price of Hive. According to my estimate as the Hive price goes up lease requests also become more expensive. The APR may rise to 11-13% during the bullish time of #hive.
If a user does curation with their own HP they usually get around 11-12% because inflation reward is also included in it (by holding HP you will get 3-4% inflation reward). But when you take HP on lease usually you get return around 8%. The reason is that you do not get the extra inflation part because the HP is not your own.
Many people have this question in their minds that if there is no special profit and no loss then what is the benefit of taking lease? In my opinion the biggest benefit of this is account growth.
When you do curation with more HP, your influence increases, followers increase, people start engaging with you more and you also start getting vote back. This is the real benefit because it keeps making your account stronger continuously.
It is human nature that when a user sees that you are supporting their posts then they also like to interact with you. In this way strong relationships are built inside the community and account growth becomes faster.
Now if I talk about where HP lease can easily be taken then #Hive-Engine is considered the best platform for this. If you place a request at around 8% then there are high chances that some delegator will fill your request.
The method of taking HP lease is also quite easy. First open the Hive-Engine website. There you will see the “Lease” option on the top right side. After clicking on it you will get an interface where different lease requests and their APR will be shown.
At the top there will be “Request Lease” and “Dashboard” options. Since you want to take lease click on “Request Lease”.
After that you have to select that you want to take HP lease then write your account name, enter how much HP you need, for how many weeks you need it and how much you want to pay every week.
Fill all this information and submit your request. If a delegator is satisfied with your offer then they will fill the request and you will receive HP which you can use in curation.
In my view the best use of HP lease is to support new users, curate their posts and encourage them so that the whole ecosystem can become stronger.
One more important thing is that right now the price of Hive is quite low. If in the coming time the Hive price increases then leases taken at the current low APR can give more benefit in the future because with price increase the APR also becomes expensive.
That is why some people prefer taking HP lease for a long period so they can get better returns in the future.
I hope you understand the mechanism of HP lease well. Thank you all very much for reading this content till the end.
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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