Stacking and saving HBD or Hive Backed Dollars the Hive stablecoin is a fantastic means of saving with 20% APR while we still can.
Don't put all your eggs in 1 basket SSC week 12
Hello Hello Savers
It's Saturday well actually it is Monday again! I will get back into posting on the weekend soon... I actually started on Saturday morning, but then things got in the way!
I did take a snapshot on Saturday so that I could check on my savings goals for Hive and making my contribution to the Saturday Savers community.
Saturday afternoon while Mrs T was in her crochet club at the library I went to the grocery store.
This was the scene on the steps as I came out!
A case of don't put all your eggs in one basket!
What is Saturday Savers?
Saturday Savers Club is for anyone who wants to save in any currency for any purpose. The Club is a supportive group of people who meet up around the weekly post, usually on a Saturday but occasionally on a Sunday, to share tips and techniques and have fun in the process.
I won't say anymore except guide you to Saturday Savers Club with @susie-saver | Year 4: 2024 Launch and FAQs | Everyone Welcome | EDS for Comments
So basically we make two goals. @shanibeer tabulates them all, and every week a post is made by @eddie-earner with all kinds of info and that is where we comment our progress or refer to our update of progress in a post.
Plus of course congratulating and encouraging fellow Hivians.
I have not made any more goals as I have been too busy with the bull run!
UPDATE ON MY SATURDAY SAVERS CLUB GOALS
My Primary Goal ~ Become an InLeo lion
The main one is to become a Lion!
This means having a staked Leo bag of 15,000 tokens, this was roughly double what I started with which was 7528 LP and now I am 8571 LP.
This week I had a 8 Leo Power increase.
Now it is time to stockpile $LEO again until I reach the 150 liquid LEO in my wallet ready for the 15th of April and the next lpud edition.
Secondary Goal Saving 700 HBD
I can't stress how much fun this is, especially if like me you are so not a saver!
This year I intend to have a goal of 700 HBD.
My reasons for choosing HBD as the currency are twofold:
1 In these turbulent time, putting savings into a stablecoin you know you are minimising your risk against market dips.
2 One HBD will always be one dollar's worth of Hive, no matter what happens to the price of Hive.
2 Currently we receive 20% APR on our savings!
The reason I wrote 700 is that I will participate in the penny savings challenge. and with accrued interest I will should hit 700 HBD.
That is the chart you can follow, and you can see for today I should be at 34.86 HBD so let's go check ...
As we can see I am on 22.5 HBD
❌ I dropped below the target. I have been using HBD to get some more crypto coins but will start again soon.
I am behind but won't tell that to Mrs T!
I know from experience how hard it is doing the savings weekly especially later in the year, so if you can get a head start so to speak you have more chance of hitting that goal later on!
To keep things interesting, I am saving this HBD in my (not so) secret account @tengogaming.
By doing the penny savings challenge you will accumulate 671 of the token you are saving. As I chose HBD the interest accrued will top it upto 700 HBD.
Token Goals
I have been trading tokens on Solana and Cosmos/IBC and just created an Airdrop Alpha community here on Hive. There is so much going on at the moment, that just sitting in Hive we can miss out.
I have doubled my money and will keep on seeing how far I can get this year.
The art of course is making use of these dips!
Did you know there will be a wLEO pool on Maya protocol?
It gives people a way to get BTC from LEO and vice versa (amongst other things), hopefully we shall see some more new people entering the HIVE ecosystem.
NEW Exchange Listing for LEO!!
HP fun goals
But for the sake of fun, I am going to make two HP goals!
- Main account (@tengolotodo) HP growth from 7370 to 10750 HP, that is a growth of 3380 which is 65 HP per week.
This week it is sitting at 8249. (+49). This is 16 below my goal. - Alt account (@tengolotodo.leo) HP growth from 911 to 2000 HP, that is a growth of 1089 which is 21 HP per week.
This week it is sitting at 1285. (+19). This is 2 below my goal.
The two HP goals were behind this week!
I might actually make my HP goals this year!
Have you joined Saturday Savers this year!
Do let me know if you have.
If you haven't and want more info just drop me a message in the comments and in the meantime have a great year!
Stacking HBD Hive Backed Dollars the HIVE Stable coin is a great method for saving.
All ramblings and images are from me, the mad Scotsman TengoLoTodo unless otherwise stated, note lead image is from pixlr .com from a prompt by me. Many thanks to @raj808 for the banner design 🙂
Posted Using InLeo Alpha
Posted Using InLeo Alpha
That’s great news. I see news waves about Maya. I think I’m very in the dark about these things. Your savings are great. You keep getting things done even when you say your aren’t.
Thank Deraa, imagine if I actually pulled my finger out and did something!
Pulled your finger out of where? Ahhhhhh! 🤣
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I'm really bullish on HBD too. That's where I plan on moving a lot of my gains from the next bull.
i want to catch it on a down turn to grab a discounted hbd as using the stabilizer catch's a fee and so does swapping only so really only way to efficiently get is crashing or blogging for it.
I'll just blog for mine.
Been liking RDNT finance lately getting some good yield and a arb airdrop coming up for ppl who lock up rdnt/weth for a year and receive all sorts of assets as rewards.
also BNB on RDNT is giving a nice ROI on dLP if locked for a year its about 2x plus
I wonder if it makes sense to take a bit of risk and borrow against maybe 10-15% of btc and use to acquire stables one being hbd make a portfolio to buy btc on hiveengine and other dexs using the interest or lp fees.
Would ppl support a witness if it paid out all the witness earnings except costs to delegators of votes except for 5% of the cash flow as far as i know no witnesses pay out earnings. This would effectivly make HBD a higher interest for ppl voting on say a wittness i create like that.
👏 Keep Up the good work on Hive ♦️ 👏
🙏 Don't forget to Support Back 🙏
I hope you can reach your goal of 700 HBD as soon as possible.
Really putting all your eggs in one basket is not so "interesting", especially when the eggs are cryptos. LOL
But I believe that focusing on the Hive ecosystem is something that we can do and there are several ways to obtain different gains. Lately I've been very focused here and I hope there can always be progress for Hive and Leo.
Have a good journey Tengo. It is always gratifying to see that we are making progress.
Sorry for your eggs friend, another thing beyond 'putting eggs in one basket' is that they are so volatile.
Nice growth in your savings, more elbow.
Indeed there is a lot of platforms to make some bucks from. Just lacking the needed exposure and understanding of a lot of chains for now. Thanks for the update
hehe don't worry, they weren't my eggs, just ones I saw someone had dropped!
Sometimes we come in behind the target, but there's always next week to make up for it! I think those are some great goals, and I need to actually make a Leo goal. I think I'll look at it closely this week and figure out where I want to end up this year. Keep up the progress!