Gooood afternoon buzzers, slothly Tuesdays and I need to get a buzz on! Today let's talk about Hive (engine) token drips! What are your goto drip tokens?
I've seen a few here in Hive, and am probably missing a few more! I've recently been noticing some ArchonM making its way into my wallet, which gives me some Archon drips. I believe these come from the Dhedge drips. Or it could be from the Pimp token drips, or possibly one of the several liquidity pools I've entered to earn some more drips! It would seem Hive is a passive-profit heaven!
Not to mention the 20% APR on HBD, I'm looking forward to my first $2 monthly interest on HBD savings! All by holding only $120...really am tempted to throw a few thousand in there, the 20% is insane, where else can you get that level of interest?!?!
And, that's as far as I thought this post out! Normally I start writing and hope the spark will take me, this was supposed to be one of those posts, that let the juices flow and shake the sloth off! Well, one plus side is the kettle has just finished boiling so I'm going to make some more coffee and then see where it leads!
I want to say there are other tokens with drips. Bro? SPI? Vocup? PGM/Ecency? Some are for delegations, other are for holdings. I think they all drip some Hive tokens, not sure of the requirements. Can they actually be counted as 'drip' tokens or are they based on delegations/stakes? Either way, it's a little bonus for holding.
It would seem Archon was set up about 3 years ago, the drips still seem to come, however, I'm not sure how they're funded. Dhedge seems to be one of the better passive income tokens, not only do you get daily drips but also upvotes based on holdings. Pimp also follows a similar path, with votes for delegation to their curator and daily drips.
Now are these drips worth buying the token, or should we just buy the dripped token in the first place? I guess that depends on what tokens you want to hodl, over the last months I've been using Hive I've kept a pretty wide-open wallet. I've tried to stack as many tokens as I can and rarely sell any. I've started utilising the market a little more recently to see if I can squeeze out some Hive from these hive-engine tokens, can't help to keep building that hive power after all!
What are your thoughts? What 'Drip' tokens should we look into? Or what HE should we invest in, forgetting the Drips? There's so much to try to wrap your head around in Hive it's almost impossible to keep up, especially for a sloth! If the most valuable thing about the token is the tokens it's dripping, is the token really valuable at all?
Sloth out!
