These days the price of Hive is very volatile. For almost two weeks we have been seeing that Hive sometimes makes a 30% spike and sometimes a 40% spike and then cools down again. This means that accumulation and distribution are still going on. A good momentum can be seen and a proper trend line is forming which is bullish.
We will see in the coming weeks whether it breaks the 0.068 resistance level and forms an accumulation zone there or not. If that happens then we may see further bullish momentum.
Keeping this in mind if we look at the lease market on Hive Engine its APR is also fluctuating. As I mentioned before I have often noticed APR fluctuations with Hive price changes. Whenever the Hive price starts increasing we usually see an increase in APR and whenever the price falls, APR becomes lower.
Previously, we saw the APR around 8.5% but if we look now the maximum requested lease APR is around 7.97%. This means that at the moment you can take an HP lease at a very good APR.
Remember that taking an HP lease increases your influence in the ecosystem. It helps your account growth. You can start curating good content which can increase your followers and friends and there is also a higher chance that you may start receiving vote backs.
Overall, the disadvantages of taking an HP lease are fewer while the benefits are greater. Keeping this in mind today I thought I would explain a short lease tutorial for new users so that they can easily take a lease from the Hive Engine market.
First, open Hive Engine. There at the top, you will see the Lease option. Simply click on Lease. You will then see two options, Request Lease and Fill.
Request Lease means that you want to take an HP lease which is possible at different APR rates. Fill means that you want to provide HP on lease. It is important to understand the difference between these two options.
Since we want to take a lease at a lower APR we simply click on Request Lease. There, it will ask for some details about the lease.
You need to select HP
enter your account name
and then specify how much HP you want to lease??
let's say I write 20,000 HP..
Next, choose the number of weeks. Remember that the more weeks you select, the more APR concession you may receive.
Finally enter how much SWAP.HIVE you will pay every week and set your APR accordingly. For example, if the current APR is 7.97%, which I think is very good then based on that rate, for a 12 week lease you would need to pay around 432 SWAP.HIVE in total.
This process is very simple. After that proceed to the next step and complete the transaction through Hive Keychain.
What happens then? If there is a leaser available immediately, your request will be filled and the HP will be delegated to your account. You can then use that HP to increase your influence and support your account growth.
Remember that if you lease HP for yourself, you should use it properly for the improvement of the Hive ecosystem. Avoid bid bots, vote-circling and similar activities that may result in downvotes.
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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