Aggroed wrote a short post yesterday announcing the arrival of delegation leasing on Hive-Engine.
We already had the possibility to lease HP via dlease, but I'm not sure how involved the team behind it is at this point in the Hive ecosystem. Also under their umbrella is the Gina discord notifications bot which never came back after hard forks 26/27. Of course, Gina was free to use and cost resources to maintain, dlease produces some revenue through fees.
But let's get back to Hive-Engine because they added more options besides leasing HP.
Leasing RC Delegations
The Hive-Engine team introduced the first delegation leasing market for resource credits! While as I write, there seems to be little interest in it, this will not always be the case.
To be honest, I would expect big projects to get involved with the RC delegation lease market right away. It doesn't matter that the influx of new users during this brutal bear market is minimal. One should think in perspective.
And there are huge amounts of RCs sitting and doing nothing. I'm claiming account tokens with them, but let's be honest: I don't need those tokens! They do.
A big project on Hive with high onboarding perspectives when the FUD ends and the bulls return could use as many account tokens as they can get their hands on, especially since they are not tradable.
So a decent APR for leasing RC delegations could convince me and others to lease them instead of "burning through them" with almost no real benefit since I will unlikely use hundreds of account creation tokens myself.
Leasing HP Delegations
Unsurprisingly, this is the most popular feature already.
The APRs are about 4% lower than on dlease when I checked.
One difference compared to dlease is that dlease returns are in HIVE, while on Hive-Engine, the returns are distributed as SWAP.HIVE (of another selected currency - see below).
Leasing BEE Delegations
People holding BEE tokens were almost screaming for more utility for them. Well, here it is. And those who staked them and haven't sold them (unlike me), should be happy to see there are some decent returns already for them: 5-6% APR. Although not very much interest yet.
Currencies
Returns can be paid in one of the following currencies:
and they are selected when someone requests a lease. I made a test too to see a different currency than SWAP.HIVE. That's a lost 1 BEE probably since it's very unlikely to get filled, lol. But it was a test. Frankly, I thought I could cancel it afterwards.
Ending Words
It's great to see the new addition to Hive-Engine. I'm wondering if that'll make its way to TribalDex too or not, but Hive-Engine is fine. Great to see the first implementation of leasing RC delegations and hoping it'll get some traction.