The APR of HBD has been increasing with the intention of encouraging people to convert HIVE into HBD, thus reducing the circulation of HIVE and causing its price to rise.
1 million HBD at the current price is 3.3 million HIVE, but if HIVE is valued at 3 dollars, then it would be 333k HIVE.
Yes, but that happened two or three years ago. I believe the incentive was not strong enough, the measurement did not work, and it's the highest time to reconsider this approach.
It is merely my opinion and I am open to discussion :) I don't say I am right. Feel free to provide your view at the topic :)