RE: HBD Interest Rates Are Now 20% | We're Building a $5M Liquidity Pair for HBD-USDC
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As HBD Demand issues has been fixed, and we now have 20% APR. Would it not affect Hive? in the sense that people will be powering down to buy more HBD.
Since Hive offers 8% APR and HBD now offers 20% APR.
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Not sure; I'm personally bullish on the price of $HIVE. I believe it could be going to $8 within the next 5 years.
I'm keeping my $HIVE to be exposed to this upside potential. Also keeping amd growing HBD from post payouts to hedge.
Not powering down any time soon.
I also think this is possible. Some people have framed me up as a HIVE hater but HIVE is one of my largest holdings in crypto. I believe firmly in the value prop of this blockchain - obviously, as we've chosen to build LEO on it.
I also believe the value prop just skyrocketed thanks to this move on HBD. Now it's hard to ignore the longest standing stable coin in the crypto industry paying comparable rates to UST on Anchor.
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I think this hatred is useless because your promotion of Leo and other Leo DApps is actually bringing new users to the hive blockchain, which automatically grows the entire blockchain.
Don't mind them, you're doing what's right to the entire hive blockchain
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I agree, it's counterproductive. I'm always focused on bringing the most value first and foremost to the lions of LeoFinance 🦁
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Charity they say begins at home, so it isn't wrong at all to bring the most values back home to the LeoFinance. Thank you for all your efforts to help the community grow on a daily basis.
Hope you're having little time to relax your head (sleep) for some hours.
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All I see you doing is trying to add more value to HIVE than HIVE has right now.
The bonding pair of HBD with USDC is for the benefit of hive blockchain.
It may not be seen now but you should know that time tells it all.
HIVE offers a lot more upside than 20% plus it gives people other benefits such as helping to direct the reward pool, voting for witnesses/proposals, and is gas on the chain.
Powering down and selling Hive for HBD might be done to get 20%. But what happens if the price of HIVE goes from 85 cents to $1.35? Seems like the person shot themselves in the foot.
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It can definitely be looked at as an interesting dilemma. As Task is saying: if you're holding a stablecoin, all you can earn is the yield. In this case, 20% per year.
Though if you had bought HIVE at $0.10 and earned 8% yearly but held until today from the past 24 months, you'd be doing a helluva lot better than 40% return (20% * 2).
IMO holding both is a logical move. Speculate on HIVE while also using HIVE POWER to have more influence while simultaneously stacking HBD from author rewards and buy-ins to increase your "secure" stash of stablecoins earning 20% that you can also leg back into HIVE with during crypto dips.
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People do not put their entire portfolio's in penny stocks or major spec. They spread it around.
Speculate on Hive, go for yield with HBD. If HIVE moons, take some profits by getting it into HBD and earning more yield.
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