Hey All,
Lets first start this post with answering a major question around - What does it mean to delegate Hive Power aka HP? Before we get into the dynamics of delegating HP, it becomes imperative to first understand most of the things associated to Hive Power[HP] and how do you get HP.
What is Hive Power?
In very simple terms when you power up HIVE also know as stake HIVE then the staked HIVE instantly becomes HIVE POWER and the same can be reflected in your wallet under the section - "Staked Hive Tokens - Hive Power (HP)" The important point to note here is that when you stake or power up HIVE, the HIVE in your wallet gets locked in and converts to HIVE Power, which increases your voting power and resource credits on the blockchain. Here is my total HIVE Power which is around 69K+ HIVE and the minus figure which is -36.9K+ is the delegated HIVE POWER to different accounts.
What are the Benefits of HIVE POWER::
The HIVE staked gives its users some special abilities on the Hive Blockchain and some of them are outlined as follows::
- Higher the HP means larger voting power and increased curation rewards
- More HP gives you more resource credits to do transactions on Hive Blockchain
- With Hive Power you have stake in Hive governance to support witnesses
- Hive Power gets you an APR as well; currently set to 2.94% - the percentage value is Subject to HIVE Blockchain variance
- HP also allows you to support different projects here on the HIVE
- Claim more free HIVE account with higher HP and resource credits
HP delegation - Delegate Vs Not delegating - My Plan Ahead...
Now that we have some understanding to what HIVE POWER is and benefits associated to it. Lets dive into HP delegation - Delegate Vs Not delegating & My Plan Ahead. Once you have staked HP then the user has an option to delegate the extra HP if they want too. Its not a compulsion at all that you need to delegate HP. There could be different reasons to delegating HP and some of the major ones are::
- supporting a new project
- getting curation rewards for delegated HP
- getting second layer HIVE tokens for delegating HP
- getting other rewards from project to whom HP is delegated
- And there is much more to it..endless possibilities
In my case, I prefer delegating HIVE POWER. Not all the HP that I have gained but at least some percentage of it. My 50% of HP is delegated to two projects which is 
Each 200 Hive Power delegated is one ticket for the user
A minimum of 5 tickets total in the pool is needed for the raffle to begin.
For more information on the HP delegation to
Finally, I guess I would for now just restrict myself to HP delegation and would not want to delegate more than my 50% HP staked. With almost 69K+ HP that I have, I'll not want to increase the delegation more than 34K+ HP.. Yes, I know that currently I have surpassed that limit of 50% but I guess that is ok as long as I further do not delegate and continue to BUILD & HODL my HIVE and HIVE POWER both... cheers...
Have your say on HP Delegation - Delegate Vs Not delegating?
What is your overall on HIVE POWER [HP] delegation? Delegate Vs Not delegating? Which are some of your favorite projects to whom you have delegated HP and how are the rewards looking like? Let me know your views on the comment box below.. cheers
Hive Power - HP Delegation - Delegate Vs Not delegating? Delegating to & ...
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Image Credits:: peakd hive.blog, pro canva license
Best Regards