When we think about buying silver or other physical metals, the first idea is usually to set aside part of our income to purchase that special piece we've had our eye on for a while. Hive offers us a financial system so robust that it allows us to generate passive income and convert those funds to metals.
Let’s look at two tokens whose yields we can leverage within Hive to grow our stack.
HBD Savings
As I mentioned before, the Hive-Based Dollar (HBD) is the platform’s native stablecoin. One of its most powerful tools is the savings option, which currently offers an attractive 12% APR (Annual Percentage Rate).
Instead of keeping an emergency fund or liquid capital in a traditional bank account with near-zero returns, placing HBD in Savings generates a steady monthly flow of digital dollars. After you've accumulated enough interest, it can be withdrawn from savings and converted into HIVE or sent to an exchange to purchase that ounce of silver you’ve been looking for—all funded purely by the returns on your savings!
DUO on Hive-Engine
DUO is not just a staking token. It's an initiative designed to support the HOC (Hive Onboarding Committee) in retaining and growing the number of new users on the blockchain. By purchasing and staking DUO tokens (a minimum of 200 DUO is required to qualify), you begin receiving passive dividends in liquid HIVE.
The same can be done with any other H-E token that pays Swap.Hive or liquid HIVE. You can compound by using part of the funds to buy more tokens and convert the rest to buy metals. Grow your digital assets while also locking in some of your profits into physical assets with gold and silver.
Buy DUO and stake to receive Hive dividends, tip others, have your posts curated, and grow Hive!
https://tribaldex.com/trade/DUO
https://hive-engine.com/trade/DUO
Are you new to Hive, or know someone new to Hive, and want help and support?
Have you been on Hive for a while and want to help new Hive members? Join HOC and help us grow Hive and encourage new members!
