Disclaimer: This post is not financial advice. If you decide to follow what I am doing you do so at your own risk.
ZING is a new token that is connected to a role playing game that's in development. Click here for the official announcement/info on the project
Right now the liquidity pools are paying a crazy high rate. This rate is temporary. As more folks enter the pool and payouts are made the APR will decrease. That said for me this is an opportunity.
You can also earn ZING by delegating Hive Power, staking zing and holding POSH tokens.
My strategy:
For liquidity pool payouts I am going to swap 50-75% of my rewards for swap.hive(hive). For now I will use the remaining ZING and pair it with Hive and put it into the liquidity pool to increase my shares there. The remaining hive I will keep as profit.
The less risky strategy- Sell all liquidity pool rewards until all seed funds have been earned back, then compound with the profits. Less risk of impermanent/permanent loss. I may switch between these two strategies.
I am also delegating Hive to earn zing and am earning interest (staking) on the Zing I earn from delegation. Note: The zing is automatically staked. This delegation is temporary as there is another project I am reserving HP for . While I wait I may as well delegate.
Delegating Hive to earn zing is the least risky way to get a hold of some tokens.You can always un-delegate whenever you want.
I thought I'd share this with y'all. I try to be transparent about what I am doing here on Hive and couldn't keep this one a secret.
The game looks really cute and I plan to play it when it launches. I support Hive projects whenever I can and I usually earn a good profit doing so. Win-win.