Hello Hivians
We have a Hive Power Up Day (HPUD) on the 1st day of every month. Today we have the May edition, and as usual I always take a participation in this event.
I just added a 1000 HIVE POWER (HP) recently, so that's my HPUD participation for this month. I actually did not have any HIVE earlier so I had to sell some of my HBD to get that 1000 HIVE.
Honestly I had a plan of selling all my HBD to convert them to HP, but let's be reasonable here. The price is like roller coaster right now, yesterday hive was 0.095 and recently it just hit 0.06. In between it had rebounded up to 0.075 again then fell again. Only God knows what happens tomorrow.
So I plan to save up the rest of my HBD for a while, however if somehow HIVE hits below $0.058 again, I might convert them to HIVE directly. At this time, having higher HP is a better goal rather than stockpiling HBD saving. HBD savings is definitely a more profitable approach than increasing HP and getting extra dividend from delegation or curation, but I think the risk of Depegging is not small either, we could lose more if shit things happen.
Talking about curation APR, mine is indicated at 2%. Actually this APR is a big wrong, I believe my APR should be somewhere around 8% to 9%. I got a big HP delegation from @lordbutterfly for my participation in @magi.network engagement posts. It was a nice event and many of Hivians participated and contributed with their good posts.
Let's hope Magi Network with their Altera https://altera.magi.eco/ , will keep on growing and more people will join in as their user base. There are still plenty of rooms to be improved there, so I hope we are not too judgmental to their team, better we try different ways to engage and send feedback.
Anyway I keep running out of Magi Resource Credits. I have 10 HBD staked there, and they generate the same APR as the layer 1 Hive wallets. It looks like 10 sHBD is far from enough, maybe I would add more later. About the Magi Resource Credits, it shows how I try or do some trials on that project.
Anyway, that's for today HPUD. Don't forget to do your part and See you next month guys.
