RE: Signalling for 20% HBD interest
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I agree with the 20% interest rate. It is clear that there is very significant demand chasing relatively low risk yield in stables and 20% would put us at the top of the competition with the likes of UST.
In terms of locking up HBD over Powering up, I think I agree with you that the attractiveness of HBD may actually cause people to buy HIVE in order to convert it to HBD for lack of any real venues outside of Korea where liquidity is ample. I do think that there are probably some debates needed on whether the 5% fee to burn HIVE for HBD is on the higher side, as I imagine that is going to be the main method of obtaining a more substantial amount of HBD. Of course, an increase in the market cap of HIVE triggered by this will allow for more HBD to be printed with the current debt cap, and I am aware of discussions to also raise this, but I still believe the 5% fee for conversion leans on the higher side.
I also think it's pertinent to debate a potential rebranding of HBD to something that resembles "USD" a little more. It's such a small thing but I feel as though people feel less secure with things like DAI and HBD as opposed to UST, USDT, USDC simply because of the (un)familiar nomenclature to outsiders.
Rebranding is intersting idea ... USDH, USH :)
Perhaps HUSD - Hive USD another option.
Yea that one is good, I just think Huobi got it allredy ... almost 1B in marketcap :)
USHD
US Hive Dollar
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USDH is a great idea, jumping into the attention corridor of USDT and USDC
We'd have to decide if we are really committed to USD or not. In the past there was some discussion that the charter is really stable value and if USD deteriorated sufficiently we could switch to something else like a basket of commodities (I'd argue it should still programmatically inflate modestly, say 2%/y). In that case putting too much 'USD' in the name wouldn't make sense.
But on the other hand we could fully commit to USD and if USD really went bad we could create another coin (significant/infeasible development effort to do today at base level, but maybe someday).
On the other hand, I guess if the target changed the name could change again too.
I feel uneasy about making too many or too large steps at once but I think modestly altering the name could be a small first step - just to re-orient people's perception of HBD. Of course I also don't know how much material difference it would make as I am simply going by my own "would be" initial impression of HBD, and that is, it is not as strong as a brand as something like USDH which might immediately give people a little more confidence.