How to Generate Passive Income on SkateHive

SkateHive is a community built by skaters, for skaters. Beyond being a place to share your passion for skateboarding, it’s also a unique opportunity to generate passive income. Here, we’ll show you how to turn your participation into recurring earnings.

What Is Passive Income on SkateHive?

On SkateHive, you can earn rewards even when you’re not actively engaged, using tools like Hive Power (HP), curation, delegation, and HBD staking. Let’s explore each of these options.

Steps to Generate Passive Income

1. Create Your Account

Visit SkateHive.app and sign up. Save your private keys in a secure location—they’re essential for protecting your account.
Important: If you lose your keys, there’s no way to recover them, and your account will become permanently inaccessible.

2. Invest in Hive Power (HP)

Hive Power (HP) is used for governance, voting, and rewards. HP grows at an approximate annual percentage rate (APR) of 12.66%.
The APR for HIVE staking varies depending on how you use your accumulated Hive Power:

  • Staking HIVE: Offers around 3% annually.
  • Actively curating content: Yields up to 10% annually.

Hive Power is the foundation for generating passive income on the platform. The more HP you have:

  • The greater the impact of your votes.
  • The more you earn for curating relevant content in the community.

To increase your HP, you can convert rewards or purchase Hive (HIVE) on exchanges.

3. Curation: Vote and Earn

Curation means voting on posts by other skaters. When you vote for content that generates rewards, you earn a proportional share. Choose quality posts to maximize your earnings.

4. Delegate Your Hive Power

If you prefer not to curate directly, you can delegate your HP to experienced curators or trusted projects.
Some good options include:

  • Delegating to recognized curators within the SkateHive community.
  • Delegating to projects like Hive Tasks, which facilitate reward distribution and resource management.

This ensures you earn a share of the generated rewards without active involvement.

5. HBD Staking: Earn 15% Annually

HBD (“Hive Backed Dollar”) is a stablecoin on the Hive blockchain.
HBD staking offers a 15% annual percentage rate (APR), meaning you’ll earn simple interest on the amount invested over a year.

You can stake HBD directly in your Hive wallet and earn a fixed interest rate of 15% annually (rate updated as of the creation of this document).
This is one of the easiest and safest ways to generate passive income while contributing to the platform’s economic stability.

Tips to Maximize Your Earnings

  • Create Great Posts: Focus on formatting, content, and quality photos in your posts. Well-crafted content attracts more votes and engagement.
  • Respond to Comments Thoughtfully: Add memorable and useful insights when replying to comments. Comments that lack value may be ignored by the community.
  • Participate in Projects: Get involved in community initiatives to increase your visibility and earn additional rewards.
  • Collaborate with Other Skaters: Work with other members to create high-quality content. Collaboration can expand your reach and boost your chances of earning rewards.
  • Engage with the Community: Vote on promising content and stay updated on community projects.
  • Reinvest Your Rewards: Use your earnings to increase your Hive Power and amplify your passive income potential.
  • Delegate Wisely: Choose curators or projects with a strong track record of results.