Hi welcome back!
The #cent project is one of the key instruments of my passive income strategy on the hive blockchain.
On the 10th of every month they celebrate Cent Power Up Day #cpudday - which encourages cent holders to stake their cent positions.
This has multiple advantages:
- Encouragement to become active in the community and curate posts (and earn cent)
- Less liquid Cent on the market - which helps Cent to reach the envisioned goal of $0,01 / Cent.
Previous Events
In the previous Cent Power Up Days participants received a 1 month delegation of 5x the amount of Cent you powered up.
This was already very cool! Especially in combination with the weekly HBD reward for delegating $cent to @centtoken.
You could use the following strategy to optimize your delegations:
- Delegate Cent Power to @centtoken to earn HBD (let's say 100K cent)
- Power up 25% of the position that you delegated for HBD on CPUDDAY (in this example 25K)
- Delegate the newly powered up Cent to @centtoken to earn more HBD (new position 125K cent)
Due to the promotion that month your cent voting power (with which you earn curation rewards) becomes 25K x 5 = 125K Cent Voting Power. Plus your position that earns from delegating hbd to centtoken becomes 100K + 25K = 125K Cent.
Which means you could double the efficiency of your cent tokens, just by participating on #cpudday
Cent Power Up Day | December
This months promotion is even stronger than the previous events. @anadolu details the rules and rewards here CPUDDAY DECEMBER.
Below an abstract from that post
Each user who meets the required conditions will receive 2.5% of the amount of Cent they power up as staked Cents. At the same time, they will earn 2.5% of the value of the Cent they power up as Ecency points.
This means that by participating on this event you can earn 5% rewards in one day.
Which is just amazing - especially if you delegate those freshly powered up $Cent to @ centtoken and earn weekly rewards right after.
My contribution
About 1,5 weeks ago @anadolu and @centtoken created a new token $tribe which distributes tribe focussed curator rewards via the liquidity pool to investors. As a way of showing my support I bought up the entire first batch. Which tanked the APR of the LP to 4%. Which makes the pool at this moment less attractive for new investors.
I removed some liquidity from the CENT:TRIBE Pool so that the APR raised from 5.2% to 53.11%
I will not sell the $tribe but use my daily earned Cent to add Tribe gradually to the pool, so that the pool remains very attractive for new investors and giving the team some time to get the stream of curation rewards rolling!
For those interrested in the hive tribe tokens - the introduction post on tribe token might be worth reading link
Powering up!
Current situation:
https://he.dtools.dev/tx/1d6c97f821f1c92a694a01450f4da50efa1ce4e9
new situation:
Happy #CPUDDAY!
Posted Using InLeo Alpha