The Power Of Holding Stake

Growth is not easy to maintain in crypto because it involves effort and time to consistently grow the bags. The more you have the more you make and why over time accumulation just happens speeding up the growth process.

On Hive we are lucky due to the number of avenues that are available to grow besides the obvious. The APR available on Hive when you stake as Hive Power is roughly 3% (2.99% currently) which trickles in continuously. This is added to your stake every minute of the day and why your stake never stands still. For those that do not know what I am talking about go and check out Hives very own Live wallet tool bought to you by Codergeek.

What was interesting to note on @dalz post regarding top Hive earners by category published 3 days ago is that the average user on Hive earns 87 Hive monthly. here is the link if you missed it Top Hive Earners by Category | Authors, Curators, Witnesses, DAO, HBD Interest | May 2024

The 3% APR may sound very small and insignificant, but this is constant growth 24 hours every day that is compounding the entire stakes growth. My account which I still see as medium sized currently generates 9.9 Hive daily so it is nearly at the 10 Hive daily target I have been working towards. This is 3650 Hive growth every year excluding the compounding element.

What has taken me over 6 years to get to this point if I had to break down the next 6 years the 3% APR would equate to 20% of the current stake value. This is just highlighting the importance of having stake staked compounding because the trickles we see coming through are significant over time. One can start to see how over time the growth starts to speed up and what took in my case 6 years to achieve should now be reduced considerably and maybe take around 4 years to double. I would say less if I use the Ragnarok snapshot as a guide taken on the 6th January 2022 when I had 63 530 Hive and now only require roughly 6500 to have doubled that stake from only 28 months ago. Basically the growth has doubled in speed which is a combination of increased curation rewards and APR rewards which are related to the size of stake.

This is quite a cool exercise that also helps to keep the motivation levels up knowing that the growth speed is increasing much quicker than you would have first thought. I never thought before I did this that the growth vs time was nearly double and cut in half.

This is why we say consistency is the key factor on any project because having consistent growth speeds up the entire growth pace.

Posted Using InLeo Alpha