Hive Delegation
- In this post I want to discus Hive Delegation, a smart contract mediated way to loan your Hive as Hive Power to another account on the Hive Community to earn passive income through rental fees or through a percentage of profits the other account generates nthrough using your HivePower.
- This is passive since other then renting the Hive Power it requires nothing else from you. It's safe because the under lying Hive tokens never leaves your wallet.
- This is permissionless because you can take back your Hive anytime you want, without asking the other account.
Hive
Hive is a decentralized blockchain platform that allows you to create and share content and receive rewards in the form of Hive tokens. Hive Power is a staked version of Hive that gives you influence over the Reward Pool.
Hive Power
When you Power up your Hive, you are converting your Hive into Hive Power. The Hive Power you have represents your influence over the Reward Pool and helps to secure the network. The Reward Pool is where new Hive is minted daily and used to reward content creators and those who upvote their content.
Delegation
To make a delegation of Hive, you can use the delegation function in the Hive Wallet page. This allows you to loan your Hive to other community members in the form of Hive Power. This means that your Hive is kept safe in your Hive wallet, protected by your cryptographic key.
The Hive Smart Contract for delegation makes it possible to lease Hive Power to other community members for a monthly fee without putting your Hive at risk of theft. You can cancel the agreement at any time and get your Hive Power back within a few days without needing to ask for permission.
Example: 
- You can delegate by going to your Hive wallet and hoovering near the picture of a persons head/torso in the box and you will see the word delegation, then click the area and a box will open up labeled delegation. You type in who, for example
Passive Income
By using Hive delegation, you can earn daily, weekly or monthly income, while also providing security for your Hive tokens, as they never leave your wallet. This provides peace of mind knowing that your tokens are always safe and secure.
