From NFTs to Liquid HIVE: Delegation Rewards

in LeoFinance5 days ago

This post is a follow up to my previous post about entering the Gaming Photography tribe and switching my delegation strategy.

I was happily supporting my favorite blockchain game dCity with my delegation until I discovered another way to potentially get a higher ROI.

Just to recap I was delegating 1000 HP to dcity and receiving a daily airdrop to my account of 2x Young Citizen NFTs which are trading between 650 SIM & 1099 SIM respectively.

These NFTs alone are worth about .014 HBD on the high end if I were to list them in the marketplace.

dCity Student Training Lottery

Listing them immediately for liquid profits would have been a completely valid strategy but I ended up with a stack of about 600 Students that I will eventually have to pay to have their debt removed and progress them into a new job.

This job placement mechanism cannot happen without mayors to play the dcity training lottery.

Most citizens trade below 10k SIM but there is one that commonly trades over 100k SIM called Tax Collector.

I have already managed to mint 2 of these super rare NFT citizens and I am holding them until I decide to let them go.

Anyways my city hit a maximum capacity for the level of investment I was comfortable making at this time so it didn't make sense to continue stacking these students which will cost 400 SIM each to train.

That's going to cost me over 250k SIM by the time I train all these students!

I could cover the costs just by selling my 2 Tax Collectors haha it isnt necessary though since I am sitting on over 5 million Sim Power.

Surely, I will mint another Tax Collector out of 600 Students, but we will see.

The actual topic of this post isn't to illustrate the dCity Student Training Lottery but to share my support and progress thus far in this new delegation choice.

If you aren't familiar with the Gaming Photography tribe, I highly recommend you check them out and also if you are looking for more delegation reward options consider testing their payouts.

Based on the same 1000 HP delegation I am getting varied daily payouts

Let's take a look at the stats

Average daily payout is .245 HIVE or .05 HBD
Compared to 2 Young Citizens valued at 2k SIM/.115 HIVE/.02 HBD
Essentially just doubled my HP utilization with even more liquid rewards

I want to thank everyone who participated in my reblog contest, and I would also like to tag everyone as well just to share this information in case you werent already aware.

@ladymisa @vaynard86 @blitzzzz @seckorama @efootjoker-yt

There will not be a continuance of the contest, but I have already sent out the rewards to the winner joker.

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Nice! More delegation options are always welcome. Curious to see that ROI calculation! 🐴💰

based on the average payout this delegation is paying out 8.9% APR. based on the variable rate its actually somewhere between 6-11%
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These are AI generated comments 😉

drats now I don't care about rewarding them ;P

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@ryosai(1/5) tipped @bhr-curation

Come get MOONed!

Nice share
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