maybe i am missing something, from where would that 10-20% interest come from?
also is the idea to move more hive to HBD? 20% from active voting is more or less impossible, so 10% from active voting or 20% from saving seems like an easy choice.
I could be wrong about the numbers because i never got to much into it, would be nice if someone could confirm or tell me i am wrong.
if the code is simple moving it a week would probably do nothing so i don't see a problem there.
The interest is generated from inflation.
The effect of any particular interest rate payment on total Hive virtual supply (the figure which includes both Hive and "HBD if converted to Hive) inflation rate would of course depend on amount of HBD held in savings at any given time (and whatever interest rate was currently being paid). In the immediate term, this change would reduce virtual supply inflation, since the network currently pays 3% to all HBD currently, and afterwards it would only pay to staked HBD.
The proposed change itself isn't really related to whatever interest rate gets set, that's just some numbers I think were thrown out as potential values by witnesses in the discussion. I really don't have a firm opinion on what a good interest rate would be, but in any case it can be experimented with by the witnesses.
I don't think the idea behind increasing the interest rate is to convince Hive holders to move to HBD. As I understand it, the purpose would be to create an attractive investment vehicle for new non-Hive cryptocurrency investors hopping onto the DEFI staking frenzy.
I wasn't really clear what you mean about the 20% from active voting, so I can't comment on that yet.
As to the code change, I think it will just a be few lines of code. The lines of test code will likely be longer than the code changes themselves (in part because I doubt there were sufficient tests written in the past for interest payments).
i misunderstood the what needs a HF and what does not. The change for only Savings to get interest needs a HF but the % could be changed by witnesses with no need for hf.
it would reduce the inflation until people decide to stake it to savings. then everything would depend on the interest.
on 20%... what i thought, if current APR on staked hive is 3.(something)% and from normal voting, not really caring about sniping the best time the APR is around 10% you would get 13-15% on the staked Hive. If the interest on HBD in savings is 15% for only putting it to savings and forgetting about it, some amount of people would probably take the Save it rout. I am not even sure is that a good or bad thing. and all of this would depend on the % of interest.
I can see that some holders would move the funds from exchanges because of the interest, it could also stabilize it a bit.
I am not smart enough :)
Thanks for the time.
I'd like to attempt an answer to your concern here.
Firstly, HBD will likely become less volatile than now, at least on the upside. When Hive will go up in price, HBD won't follow. So, a more attractive interest rate for HBD will be necessary to compensate for the lack of "price pumps", and to be competitive with other stable coins in this regard.
It happens with widely used stable coins, their interest rates are generally higher than for volatile coins.
Secondly, there was some talk in the comments above to offer an attractive interest rate for staking Hive in the savings account. If it will be done, it won't be for this HF, because it seems a bit more complicated.