Horde Finance is a project that offers a return of 1% per day on investments. In order to participate in the project, investors must purchase horde tokens, which are then used to make "plots". These most profitable plots decay after a return of 300%.

How Horde works

Right now, by using 10 Horde tokens, you can create a "plot" which generates 0.1 Horde tokens daily. In total for 300 days. After the 300 days, the plot is decayed and will generate no income anymore.

The tokenomics and rewards are from a treasury. The horde team is using the treasury funds to invest in order projects in order to generate income for the reward pool. One of them is using trading bots to generate profit via trading. From my own experience, I know that daily income of more than 1% can be achieved and that is why I think, that the protocol can be sustainable.

What makes the project so interesting is their peg of the Horde Token to 100$. And they are quite successful, even in these times.

But there are some problems for my, why I did not invest in Horde.

My #1 problem with Horde - Take care of your plot

You need to take care of the Horde "plot", need to claim or reinvest your rewards and repeat after 300 days. This can be a hassle, and often people forget about it until it's too late. Horde Finance is a great way to earn rewards, but you have to be diligent about it.

Setting a reminder for yourself to check in on your Horde Finance account every few months will help you stay on top of things and ensure that you're earning the maximum rewards possible.

My #2 problem with Horde - High investment

In order to create the best plot with 1% return for 300% in total, you need 10 Horde tokens. The Hordeteam managed to keep the Horde token pegged ~100$ so your initial invest would be 1000$ non-refundable.

With the release of newer node projects, it has become more difficult for me to say yes. The cost is high at 1000$ "non-refundable" and with other projects like that which have burned through my funds, I am not sure if investing any additional time or money would be worth doing so in these circumstances.

My #3 problem with Horde - Slow autocompounding

The process of autocompounding is slow because you need at least 10 more Horde tokens in order to create a new plot. This means that it will take 100 days before your money can be reinvested with the initial investment.

This could make this method less appealing for some people who want their investments use the leverage of compound interests.

The Solution

Regarding of all the 3 problems, I found a way to negate them for a cost.

With Easyblock - Horde, it is possible to do fractional "plots" by buying shares instead of horde tokens or plot.

Each share is 10 BUSD (on Binance Smart Chain Network) and you will get a payment every 10 days.

Instead of 1% per day, you will get 0.66% per day. You may ask why? The 0.33% will be reinvested into a new plot. So even when the 300 days are done, your shares will still continue to generate income.

Problem #1 solved.

The shares starts at 10 BUSD, so the initial investment is pretty low (+ gas fees in BNB). Also you have to option to sell your shares with a deduction so you will get some of your initial investement back instead of "burning" it completely for a "plot".

Problem #2 solved.

The Dapp for Easyblock - Horde allows an autocompounding of your shares. This means, you can really activate the button and let it autocompound earlier because you do not need the 1000$ for 10 horde tokens but can already start with 10 BUSD to compound in shares.

Problem #3 solved.

Conclusion

After the decline in the cryptoverse and so many project becoming less and less lucrative, Horde is an interesting example of what can happen. In order to participate, I invested not directly into horde but in easyhorde.

That way, I have the chance to start with less investment, possible to withdraw my investement and faster compounding option.

All this is not an financial advice but my thought on how to generate more passive income. If you want to participate with Easyblock - Horde, it would be a great favor when you are using my ref link!