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RE: HBD has a 20% APR Again! - Bringing External Money into Hive - First Small Business Loan to a Hive-Born Enterprise in Nigeria! (Powered by Distriator)

in SpendHBD7 months ago (edited)

That is exactly the plan! really hope this can become a model to increase returns on HBD while reducing APR risk on the base layer by enabling us to lower the base rate APR, while still having options such as these to generate higher passive yields on HBD.

This also ties the expansion of the market cap of HBD and injection of it into economies directly to real world commerce. A very responsible way to increase the market cap of HBD.

Now its simply up to the community to onboard more businesses, keep giving out cash back so that those businesses remain competitive, identify honest actors, carry out workshops and bring more people and money through the system. If we do that as a community, HBD can grow in a very large and sustainable way.

All of the tools are now there to do this. There is no reason this won't succeed, its all down to how badly the community wants a freedom dollar for every day use now.