If you’re bullish on HIVE, but still want a potentially higher return than the 10% you can get curating yourself, then you’ve gotta check out the new Hive DeFi option, known as Diesel Pools.
Hive DeFi LPs can be accessed through a number of Hive-Engine front-ends, but for this particular blog I’m going to be using my favourite known as BeeSwap.
Let’s dive straight in by bringing up BeeSwap, clicking the Swap tab and taking a look at why the SWAP.HIVE:SIM LP tops my list of the best Hive Diesel Pools available to earn rewards.
In my opinion, the best Hive DeFi Diesel Pools are the ones that feature SWAP.HIVE on one half of the LP.
This is because if you’re bullish on HIVE, but still looking for a DeFi option, then you don’t want to be cashing out your entire position in order to earn rewards.
If you were okay with this, then you could just be cashing out and taking the ridiculously good rewards on offer elsewhere in the DeFi space - Like Cub Finance on BSC for example.
However, you’re looking for Hive DeFi options because you want to keep your exposure to HIVE, but still put those tokens to work in an LP.
To keep things clear, click on Pools and put SWAP.HIVE into the search bar to filter only LPs featuring Hive Engine’s pegged version of HIVE.
So now a drumroll please…
The best Hive DeFi Diesel Pool featuring SWAP.HIVE is the SWAP.HIVE:SIM LP.
With rewards paid out in only SIM and a current APR of 26%, it’s hard to look past this particular LP.
If I’m looking for an LP with SWAP.HIVE exposure, I obviously want a somewhat stable, liquid token to pool with.
Not to mention rewards paid out in a single token, at an APR higher than the 10%ish I could be earning via curation.
While we have to remember that this is Hive Engine and it’s always going to be a bit of a struggle to find tokens that fit this description, SIM comes the closest to ticking all my boxes.
As the in-game token of the blockchain game dCity, SIM is actually soft-pegged to 0.005 HIVE.
With the price of SIM currently trading at 0.001, the token has currently lost its peg and is now trading at a huge discount.
With a plethora of in-game taxation mechanics designed to bring the price of SIM back to its soft-peg, any price outperformance in relation to HIVE, will see our position evened out by selling SIM to buy SWAP.HIVE.
An ideal outcome for those of us who are bullish HIVE, but want to continue pocketing stable, consistent LP rewards.
While some of the other LPs may offer higher returns, the rewards are often paid out in tokens that are illiquid and likely worthless in the long-run.
Thanks to dCity, SIM has a clear use case and at least a path toward price appreciation.
For me, it offers the clear best Hive DeFi Diesel Pool for those looking for SWAP.HIVE exposure.
Honourable mentions have to go to the SWAP.HIVE:DEC and SWAP.HIVE:BEE LPs.
While DEC Diesel Pools count for the SPS airdrop, I still think you’re smarter pooling your tokens against BUSD on Cub Defi and pocketing the higher returns.
As for the SWAP.HIVE:BEE LP, the BEE side does offer a stable token to pair our SWAP.HIVE with, but at an APR of just 8%, you’re not really doing much better than simply using your HP to curate.
Leave a comment and let me know if you’re in any of the other Hive DeFi Diesel Pools featuring SWAP.HIVE.
I’d love to get a discussion going around some of the other pools and why they should be considered.
Best of probabilities to you.
Direct from the desk of Dane Williams.
Why not leave a comment and share your thoughts on the best Hive DeFi Diesel Pools within the comments section below? All comments that add something to the discussion will be upvoted.
This Hive DeFi blog is exclusive to leofinance.io.
