While the day was all about moving and settling in, the morning left me time to tinker with my Hive holdings.
I've started moving cloud mining revenue into HBD via v4v.app and with Hive nearing overbought, swapped it for Hive and bridged it to SWAP.HIVE with uswap.
I used a chunk of it to buy my first exposure to EDSi, which I'd learned about before the weekend as part of starting to learn about the Saturday Savers Club. I like its approach of converting everything it gets to HIVE and using that as the basis for its value. A lot of tokens represent a lot more diversified holdings, and while that can be a strength, being able to buy a yield token that's backed by one thing like that is nice.
The rest, I used to boost my shares in various liquidity pools. I've noticed a lot of folk who post on Hive don't really like liquidity pools, but I do. Explaining why is definitely beyond the scope of this piece, but I've been enjoying writing explainers of that sort of stuff as a way to flex my writing muscle, so maybe I'll do that!
A lot of liquidity pools pay out rewards for holding a position in them. Pooling SWAP.HIVE with DRIP gets you a reward of DRIP, and, I think, PIMP, every day. How much depends on how much of the pool you've contributed. And, in every liquidity pool, you earn a share of the fees from swaps that happen through it.
Between that and payouts from various yield tokens, I end up with a lot of scraps of tokens I can add to the liquidity pools. Often this requires I pair it with SWAP.HIVE, which I rarely have enough of, so I focus on pooling the tokens I get that don't have their own yields.
Today, what I pooled was SWAP.HIVE with DRIP, SIM, and PIMP. DRIP is a basket of GameFi tokens managed by the BroFi folk, and SIM is the in-game currency for dCity, a game on Hive I recently started trying to play. I think something about the SIM token's market means taxes are 100%, so I am not actually getting any income from the game… but, pooling SIM with SWAP.HIVE does get me SIM payouts, so I'll be able to keep acquiring cards in the game that way.
I don't actually know what PIMP is; I started getting it as a curation reward, I think, and then as a reward for pooling DRIP.
I also pooled SWAP.HBD with BEE, a pool I'm interested in growing my share in over time for sure, because of BEE's importance to Hive Engine operations.
I got some author rewards from InLeo yesterday, so pooled those with CENT I'd gotten as a reward from various other pools, and I pooled MEME and LOLZ.
I also bought a small amount of LEN and LENM. I don't really understand Liotes, as a project, either, but pooling the two gets me LEN, and holding them helps me remember to check the project out later.
And that's a big reason why I do this - not to "make money." I think it's a fun way to get to know the Hive blockchain and what projects are out there. Now that we've moved, I'm hoping to commit more time to looking at each token that's found its way into my wallet, and start building a more holistic understanding of the state of Hive from there.
