Yes. I believe that this offers a very nice middle-ground for both HIVE and HBD. By offering a high HBD APR, we can potentially draw more investors in and maybe even go further by encouraging exchanges to offer savings accounts for HBD to their customers, safe interest in their savings account. I am all in for this change to happen in HF25.
Honestly, if the HF25 wasn't this close, I'd like to also see high HIVE interest in savings. Whereas people who would like to receive HIVE and potentially profit from the increase in HIVE price (and would work beautifully hand-in-hand with HBD savings) but have no connection with the governance (if they would like to participate in it, they can always power up their HIVE, longer unstaking, but able to participate) as some people just want the profits or the benefits that HIVE brings and have no interest in governance. Same as HBD, it could potentially lead to various exchange listings for interest which would attract even more investors.
In my opinion, those two are only good things.
I agree, if for one reason: Incentive To Get HIVE Off Exchanges
Edit:
Ok, here are some other reasons. It would be less confusing for casual users. Which saving accounts earn interest? All of them. There would be less pressure on buying HBD just to benefit from savings interest. Why buy HBD and put it in savings when I can just hold HIVE in savings?
Completely agree - getting both off exchanges should be the main reason for this and do feel a higher % would definitely help , having both savings earn would be a good one too, maybe a longer withdrawal period on the hive savings instead of 3 days would be helpful too. In terms of HBD I feel like someone who is willing to stake their HBD in savings is really not going to mind a 3 day wait compared to some of the other unstaking protocols out there. (My whine about ATOM comes to mind their “unstaking” which is really just undelegation is so long and costly, compared to HIVE a simple three day wait is a godsend)
Yes! I like the idea of HIVE interest. To encourage constant holding by individuals and not exchanges, a time component should be added to the HIVE interest. For instance, it should take X amount of time without withdrawing from the HIVE savings account to get up the the full Y percent interest rate. Moving any amount of HIVE out of the saving account resets that time. This will encourage people hold to get the full interest rate. It also makes it harder for exchanges to stake and pass that interest on to their users because presumably they would need to move HIVE out and that will constantly reset their time to get the full interest. Something like that. Just a thought.
Edit: this time component could be long, say 12-26 weeks. It would force people to really think before pulling HIVE out but if needed, they could pull it out fairly quickly.
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