Do you know that on #Binance right now the APR for Hive staking is more than 10%? Yes, however it is not fixed and along with price fluctuations the APR also goes up or down. Recently Hive's APR has rises from 6 to 11% and it is totally dependent on volatility.
This APR is very interesting and attractive for Hive holders. In fact you will get the same APR within the ecosystem. If you power up and do proper curation then inflation plus curation gives around 11% APR And Binance Flexible Earn is giving 11% APR as well.
This APR can be set either by Binance or by the project. Whenever demand increases the APR also increases and when selling pressure rises or demand decreases the APR also goes down.
You may have noticed that whenever Hive experiences a price spike the APR suddenly shoots above 40%. I think this happens from the coin project's side so that more investors keep investing in the coin. The benefit of this is that the price remains stable and increases slowly.
To stake Hive you must have an account on #Binance. Then you need to go to Simple Earn and stake it in Flexible Earn. Your Hive quantity keeps increasing every hour.
You can also see a calculation in the screenshot where if I stake 50K Hive and the APR remains at 11% I will receive an additional 19341 Hive after 3 years. Of course, the APR is not stable sometimes it goes up and sometimes it goes down. But if it stays at this level you will earn decent amount.
That was about staking. Now let me tell you another piece of good news about Hive. Previously Hive Futures volume used to stay around 1 million. But for quite some time now, it has remained above 2.5 million and during the recent pump it even reached 3M.
Remember that whenever Futures volume increases it shows growing interest in that project. This can happen because of Hive games or the launch of another good project.
If the 11% APR holdings continues, investors are likely to stay and enjoy the attractive returns by investing in Hive. The combination of strong spot demand and growing Futures volume could provide powerful support for #Hive.
Waiting for the next Spike 😎 Fingers Crossed!
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