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RE: Stablecoins Will Dominate Transactions

in LeoFinance8 months ago

A lot of people are sleeping on stablecoins and what they can do. The HBD savings of Hive is another game changing use case. It is already difficult to find stocks that give more than 10 percent APR, and they arguably riskier and not guaranteed. Some digital banks are offering 6 percent. Once institutions offer more stablecoin savings that give higher APR, more people will move their savings to stablecoins.

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That is only the first step. We need an entire financial network build on top of HBD. That can be done.

As for the return, keep in mind the existing system has extractors at every step. They simply pull value out. I bet people lose 3%-5% of their return simply through direct and indirect extraction.

Yeah, but I don't think we can eliminate extractors. We just need to think of ways to reward holders more.