I try to make it a habit every week to click on the lease option in Hive Engine and must check its status. Some weeks are such that you get lease at a very low price so that time is the best time to take a lease.
I will discuss #Hive-Engine leasing every week where I will keep telling you about the best opportunities. Last week when we checked, lease was available around 8.5% and because Hive price was around 0.055 there were very few people giving and taking lease.
But if I talk about today there is quite a change from last week. If I talk about HP lease, currently it is being offered at around 8.8%. That means if someone wants to take HP lease they can take it at 8% APR and manage their curation and work with it.
As I told before HP lease depends on Hive price. If Hive price decreases you keep getting cheaper APR but as soon as Hive price increases its APR also slightly increases. The main reason is that users start coming back into the ecosystem, stay active in content and also want to benefit from curation.
Your voting value also depends on Hive price. When Hive price increases your vote value also increases. Similarly in #hive-engine when Hive price increases the APR also increases which can go up to around 9–9.5%.
Currently Hive price is around 0.06 and currently lease is available at around 8% APR. Last week if you noticed you were only getting one page of lease providers but today since Hive price looks bullish and there are chances of increase in coming weeks activity has increased.
Now it has come into two pages. The highest APR being offered is around 8.01% and the lowest request is around 4.77%.
Now the question is,, what is the benefit of taking HP lease? And if we take it for a longer term what will happen?
Yes, it can be very profitable especially if Hive price increases. Because whenever Hive price increases your vote value also increases and you get more chances for curation earnings.
Remember whether Hive goes up or down your Hive quantity remains the same but the value changes a lot. For example if Hive goes to $1 you will still have 20 Hive and if Hive goes to 1 cent you will still have 20 Hive. But the difference is that at $1 the value is very high and at 1 cent the value is very low.
So it is very important to understand these things.
Recently I wanted to keep 10,000 HP lease so I decided to take a lease. I simply opened Hive Engine, clicked on lease button, went to request lease, selected my username, wrote how much lease I need (10,000 HP) and then selected the duration.
Duration is very important. If you keep it for 4–5 weeks you will not get much benefit in APR but if you keep it for 12 weeks the lease becomes cheaper in APR.
So I had requested lease for 12 weeks at around 7.97% and I can easily get this lease and do start my curation.
Similarly those who want to give HP on lease can simply check the right corner where the “fill” option appears. Choose the APR that suits you and fill it. Within 5 minutes your HP will be delegated to the requested users.
This is the easy method of taking HP lease and the current APR of this week. I hope this post will be informative.
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