Every exchange has its own special feature which makes it best but on #Hive-Engine there is one special feature that is very useful for all Hive users and that is the HP Lease System. Its best feature is that you can take HP on lease or give HP on lease. Both sides get benefits.
What is Hive Power Lease?
This is especially made for new users or for communities. If a new user cannot afford to buy Hive in the beginning he can use this feature. If a user has been doing blogging for 4–5 months and now wants to increase his HP then he can do it through leasing.
Or if a community wants to increase its voting power to achieve its goals like running contests or supporting its members they can request a lease and their Hive Power increases this way. The main purpose of HP lease is to increase you hive power and to increase your influence.
This is a great strategy that increases your influence on the platform and also gives you profit. But remember before taking HP on lease it is important to know the rules. If you take HP on lease and use it wrongly you may get downvotes or be blacklisted.
Many users misuse this system and when they get downvoted later they get worried and ask why it happened. That is why it’s better to know the rules first about how to use the lease properly. Remember in HP lease you must not create vote circles (like self-voting or vote cycling). This is not a good practice.
Instead, if you use it in a positive way support other users then it is a good and appreciated action. If you use it with this vision you will not get downvotes instead you will get many benefits. What are the benefits?
For example, with more HP your influence in the ecosystem will increase.
When you vote on other users content then you may start getting vote backs.
Also,
If you take a lease with low APR you can earn Hive profit in the end of the lease agreement. With higher HP you can create your own community and arrange different contests which will grow your account faster.
Now, how to take HP on lease
Earlier there was DLease and users used to request or give lease there
but it was closed for some reasons and now is not operational. Right now #Hive-Engine is the best platform where you can take and give lease easily.
Taking lease is not difficult.
Follow these steps:
First, log in to your Hive account on Hive-Engine.
On the top right side you will see the Lease option, click it.
It will take you to the Lease Interface as shown in the picture.
There you can see that people have requested lease at different APR rates. You can also lease Bee tokens but their demand is low and most users focus on Hive as you see more lease requests for Hive.
By checking HP Lease APR you can understand the current market rate. You will get the idea how much APR you must request for the lease to be filled. Keep in mind that the higher APR you offer the faster your lease will get filled and the lower APR the longer it may take. So try to set a reasonable APR to get your lease filled.
To request a lease, click on “Request a Lease” on the top right side.
It will ask you..
Do you want HP/BEE/RC lease?
For which account? Yours or others?
How much HP do you want?
How much swap.hive will you pay weekly?
This weekly payment sets your APR.
Fill all this information and click Next. Your request is created. If your APR is good your lease will get filled quickly otherwise, it might take a few days.
In the example picture I selected HP, wrote my account name,
you can also take lease for other accounts. I entered 10,000 HP for 12 weeks, paying 19.5 Hive weekly which makes 8.63% APR. My request will fill in a few hours because I offered the highest APR.
Now the one who gives HP on lease will see this APR and agree that will fill my request and I will get HP in my wallet.
Now the question comes, after paying this much Hive will I get profit or loss?
Let’s calculate.
In 12 weeks, I will pay 234 Hive at 8.63% APR. With 10K HP, my upvote value is about 0.075 (≈0.5 Hive) per upvote based on current Hive price.
If I give 10 upvotes daily I will earn around 0.375$ (≈2.5 Hive) curation reward per day. In 12 weeks (84 days), total Hive earned = 210 Hive.
It means after paying 234 Hive I get 210 Hive which is a loss of 24 Hive.
But, if Hive price increases it becomes profit. Also with more HP my influence grows which is another advantage. When I vote others its expected that I get vote backs which means extra profit.
So according to me, overall it’s still profit and a very good deal. I hope this post helped you understand how to take HP lease. If something is still unclear you can ask in the comments section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
Thank You!
Best Wishes.