We went low, It might end up at 9% gradually, over time. Or maybe stay at 15%, in which case we are almost certainly going to hair cut price for Hive since HP holders take all the risk (down 97% from the high) and they get less APR than HBD holders, so the ppl doing the work (voting with HP) get paid less and take on more risk. it makes no sense, and now the APR is also inflating the chain at what was it? like 3.2% PA. something has to change, or dilution is coming.

However, this APR has nothing to do with the DHF, other than it is another source of non programmatic inflation being added to the supply of Hive. But IMO Hive is no longer in a position to fund such a high APR. When Hive was 1USD it could do it easily, but now its just burning money to market 15% to ppl and there hasnt really been an explosion in HBD holdings since the APR was at 20% years ago. so now this should help us see exactly how much this marketing effort costs us all. At the current prices, its around 3.2% of value take from all HP holders wallets and sent to HBD holders. its starting to get pretty expensive