From time to time, I explore some L2 tokens on Hive-Engine to see if there’s anything interesting to dip my toes into. It’s just a casual visit to the token list to check whether there are any offers, new use cases, or even enticing deals that might encourage others to participate, and of course, I’ll be sharing whatever I find. I don’t like gatekeeping the ones that seem worth taking part in.
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Today, I think I’ve found something that will interest others as well: the POB token. I believe many have heard of this token before because it’s one of the OG HE tokens that has existed as long as the more popular ones like SPS, LEO, and many others. So it makes me wonder why it has been off my radar until now, LOL. Anyway, better late than never, right? So yeah, let me share what I’ve found and my thoughts about the POB token.
I actually learned about it through Snaps or In Waves when other Hivers were posting about their Hive earnings from delegating POB to the POB.VOTER account. At first, I thought it was too good to be true. It basically reverses the usual setup where a Hive user delegates HP to an L2 account to earn the L2 token, I thought this was the standard model for all L2 projects, until I found out about POB. They reversed the setup, and that really caught my attention.
To test it out, about a week ago I started tagging my content with #proofofbrain and #pob to see if the curators would consider my posts aligned with their community guidelines. Thankfully, they did, and my posts made the cut. I was happy about that because I earned some POB tokens from it.
The first thing I did with my POB rewards was stake them and delegate them to the POB.VOTER account. I’ve been doing this for a week now, claiming my POB earnings, staking them, and delegating again, and I finally received my first delegation rewards. Awesome!
It works! And the most surprising part is that the earnings seem to be quite lucrative.
I did a rough calculation, and the result is around 58% APR, which is amazing. That seems to be the highest APR I’ve seen so far for an L2 token delegation.
Because of that, I decided to invest more by buying additional POB tokens through BeeSwap. I bought another 1,000 POB tokens for less than 10 Swap.Hive, which is pretty affordable.
I then repeated the same process, staking and delegating them to the POB.VOTER account. As of now, I have a total of over 1,260 POB tokens staked and delegated.
Of course, I’ll continue stacking more POB, both through posting and regular purchases, to speed up my growth.
My goal is to eventually stake 100,000 POB tokens and delegate them to POB.VOTER to earn passive Hive income from it.
Overall, my experience with POB has been both fun and rewarding, and it’s sparked a renewed interest in exploring Hive’s L2 ecosystem. With consistent staking and delegation, the potential for passive Hive income is genuinely motivating. I’m looking forward to sharing more updates as my POB journey continues.