Do You Use Liquid Hive Power (LHP)?
With all the new and exciting projects and tokens popping up on the chain right now I like to keep some liquid hive available for a quick investment. My biggest source of passive income right now is curating using my Hive Power, so I don't like keeping liquid Hive laying around doing nothing. I started using LHP token a couple months ago to help solve that problem.
As you can see below the price is steady around 1 Hive and the daily volume is pretty low.
For me storing about 200 Hive it seems to work out well. Checking my delegations you can see for the 200 LHP I purchased, I receive a 200 HP delegation from lhp.app. When I need some liquid Hive I don't need to wait for a power down, I just sell off my LHP at a price near what I paid for them.
Please don't consider this financial advice, just my experience with LHP. With larger amounts of LHP I'm not sure how quickly liquidation might occur or at what price.
Feel free to express your thoughts and or experiences with LHP. Thanks for reading. :)
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https://twitter.com/oldmans13/status/1336450746091511809
Well I use Hive to pay the spell book in splinterlands
The more uses for Hive the better. It can only add to the value. :)
Posted Using LeoFinance Beta
I do and they are underrated. When you got liquid Hive not staked or don't have any plans on trading them anytime soon, this is Hive not working for you passively. LHP gives you the utility of having that HIVE work for you while having some security to get it back from a stable price. It's good that LHP isn't volatile.
Posted Using LeoFinance Beta
That was my worry when I first started using it but you are right it is pretty stable. I don't mind paying a little extra for the quick access to some liquid Hive.
Posted Using LeoFinance Beta