This has been discussed many times - every time in a bear market, someone wants to improve something and proposes to change everything. I read your post again and don't understand how lowering the rate can help Hive. In a bull market, no one will think that 20% is a lot - these are the same risks as people in Hive. If Hive grows to $0.8, I would, on the contrary, increase the interest rate. Not long to wait...
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20% APR on stablecoin is too much even in bull market.
Show me any reputable project which offer such interest.
In a bull market you can get 500%, 1200%, 2000%
I am talking about reputable sustainable projects....
Give me an example of one which offer 20%
It's not about interest - it's about risks: interest in a bank and interest in a relatively small blockchain are two different things.
Risk in investing in stablecoin is "relatively small" compared to other crypto related products. You can compare that with staking, which also hold some risk in form of project complete collapse
Yes, but this is if you invest millions and we are talking about ordinary people with 100 $ - the risk in a stablecoin is not great, but the potential benefit in a coin is many times greater - I am afraid that if the rate is lowered, many people will leave the project - that’s all I wanted to say.
Please understand that we talk about HBD stablecoin and not about HIVE
P.S. APR interest is not dependent on bull or bear market, it's always the same. You probably mixing your numbers with something else
I don’t confuse it - it is the same but has a different meaning for a person on a bearish and bullish cycle!
What is the difference???
20% APR in US dollar pegged stablecoin is completely the same does not matter the market conditions
No and again no, under different market conditions 20% can be either a little or a lot!
20% is 20% always.
If you want to compare it with high risk investment it's different story. Just can't mix apples with pears in discussion
There is still no argument in your extended comment. Thank's for elaborating it anyways.
What is the benefit of the current rate? It did not bring masses to Hive. It did not affect trading volumes. I believe that lowering it would motivate people to vest Hive into HP, as it will bring higher profit than HBD in Savings. That is a simple math.
The more HP you have, the more incentive there is for you to use it. And to use it wisely. With more influence, many people (not everyone, obviously - others may not give a sh*t) would feel more responsibility. And would think more about voting and curating.
Those who only have HBD in Savings simply don't have to care about anything.
I don’t think anyone keeps it only in HBD - I think they keep it both here and there for diversification.