What is Hive SBI?
Hive Stake Based Income (Hive SBI) is an account-based curation program. You sponsor accounts for regular ongoing curation, and then you receive back curation rewards as upvotes on your own content. This empowers both accounts to earn a sustainable crowdfunded basic income.
Members regularly accrue pending balance, and when their pending upvote balance is high enough, they receive an upvote on their latest post (or next post if their latest post is older than 24 hours), from one or more of our curation accounts.
Tokenization
Last month we announced opt-in tokenization, with new functions to convert your voting units into our new hive-engine token. At that time, there was no utility to the token except for being able to sell it into our buywall. Now we have finished putting everything together to pay curation dividends to tokenholders and begin providing it with some usefulness.
Important - Read this if nothing else!!!!
There are now two different things that people are calling 'HSBI'.
- The traditional HSBI voting units that do not show in your HE wallet, that qualify you for regular ongoing upvotes.
- The new HSBIDAO curation tokens that are in your HE wallet. These will not receive upvotes, but will earn curation dividends instead.
All curation dividends will be paid in the form of more curation tokens, but we intend to maintain a buy-wall so if you need your dividends to be liquid, you can sell them on Hive Engine.
You can also buy the new curation tokens on Hive Engine. Since two new voting units are created for each one HIVE sponsoring transaction we receive, and both could potentially be converted into curation tokens, we do not recommend paying more than 0.50 HIVE for curation tokens on Hive Engine.
To tokenize your Hive SBI voting units, send 0.001 HBD per voting unit to 
sbi-tokens in the transaction memo. There is a minimum transaction size of 0.005 HBD, and anything smaller will be ignored. This will transfer your voting units to 
It is not possible to convert curation tokens back into voting units.
Math Stuff
When you sponsor somebody for upvotes, they receive a voting unit, and you receive... also a voting unit, but you can think of it as paired with a hypothetical 'curation unit' held by the program and backed by 1 HP from the 1 HIVE that you sent. As such, there is a theoretical 'at the limit' ratio of 1 curation unit per voting unit (with most of the curation units held by Hive SBI and most of the voting units held by members).
Each time we claim rewards we use the ratio of curation tokens outstanding to voting units outstanding to calculate the % of claimed VESTS that should be paid to tokenholders. (We exclude all tokens and voting units held on Hive SBI accounts for any reason). Then we divide the VESTS claimed by the total tokens outstanding to determine the VESTS per token. These are accrued internally as a pending dividend for each tokenholder. When they add up to the VESTS per unit level that allows zero dilution token issuance, they are converted into additional tokens and send out to the tokenholder.
Dividend accruals are dynamic as we earn curation rewards, so we expect the APR to come in somewhere between 12% - 18%. We do not guarantee any rewards other than a fair distribution of the curation we receive.
At an approximate APR of 12% you would need at least 9 tokens to see 1 token per year as a dividend, and it would take almost a whole year. Keep this math in mind if you want to test things. For a 1 day test, you would need 365 times that (at least 3000 curation tokens to earn 1 HSBI curation token per day).
Soon we will provide new report dashboards that provide visibility into your dividend accruals.
Blockchain Limitations
A few times I have had requests for support around transactions that we missed. When digging into those requests, the transactions were not actually in their Hive wallets.
This should go without saying, but...
We are not responsible for processing transactions that were never sent to the blockchain. If you think we missed a transaction, please check your Hive wallet to make sure it was actually committed to the blockchain before opening a support request. If it didn't actually happen, we can't actually process it!
We try to be as helpful as possible, but if you submit the actual blockchain transaction ID from your Hive wallet, it's a lot easier to provide support.
What Else is Coming???
In our first year couple of years we were very open about our plans. Then the developers that were supporting us moved on and whenever we could get more dev support we had higher priorities. Some members confused the proposed changes with the actual state of the program, and we learned not to promise anything.
Never promise anything is not a good lesson to learn, and we will try to be more open about our pipeline going forward. We still have very limited dev support (in the form of warm bodies at keyboards) but we also have unlimited support (in the form of helpful LLM assistants). With a very cautious eye on the many glaring limitations of "vibe coding," we are more comfortable opening up about future plans.
- Dynamic upvote balance accrual in a tight VP range, instead of 2.4 hour windows
- this should result in much more stable APR than we have seen in the last few months
- Pending Vote Balance Conversions
- Member Pending Vote Balances will be capped at a multiple of our max deliverable upvote, and any excess will receive HSBIDAO curation tokens instead of upvotes.
- Complete phase-out of management voting units; management will receive 10% of curation tokens issuance instead
- HSBIDAO-empowered skiplist management
- Voting models linked to member stats other than voting units held
- stake-based distribution across voting models, similar to veCRV and other proven defi models
- HSBIDAO stake-based signal votes for any proposed program changes beyond those listed here
- a much better website, better reporting, and a new FAQ to provide visibility into all of the above
We still can't provide timelines for any of this, but it's the current working list. If you understood something differently (or remember an old proposal that seems to have been forgotten)... please reach out! It might be buried in the details of this pipeline, or it might have been changed or forgotten.
We try to listen to members, provide the best curation support program possible, and continue to scale into a Hive sustainable basic income.
Hive SBI Enrollment
To curate accounts using Hive SBI, enrollment is pretty straightforward:
Just send 1 HIVE to
This is an open-access program. You do not already have to be a Hive SBI member to enroll. You just have to sponsor another Hive account.
The official currency for enrollment is HIVE. HBD transactions are only accepted for auto-transfer functions, not for member enrollment. Enrollments are processed automatically every 144 minutes.
To tokenize your Hive SBI voting units, send 0.001 HBD per voting unit to sbi-tokens in the transaction memo. There is a minimum transaction size of 0.005 HBD, and anything smaller will be ignored. This will transfer your voting units to
If you have questions, please ask in the comments section or join us in our discord channel.
You can check your member level at https://www.hivesbi.com/ or view our new reporting dashboards
These metrics only show your internal Hive SBI voting units. They do not include any HSBIDAO curation tokens that you may hold on Hive Engine.