I believe it's too much... It could drive $HIVE price down if it doesn't already do that. People can put their HBD in savings, earn daily and remove it from saving at any moments. There's no risk. (Even staking HIVE has more risk and lower rewards than HBD's at 20% APR.)
Someone suggested a system in which you earn APR per HBD, but you have to lock it. The longer you lock it for, the higher APR you get, but you can't unstake the HBD from savings until the locking period ends. If that system was implemented, I'll be okay with 20% APR.
I think HBD needs more liquidity, this is where 20%APR is beneficial. I am absolutely shure that HBD does not drive down HIVE. Most of the people swap HBD on the internal market without doing a conversion. Meaning there is demand beyond the conversion.
I would be willing to lock for longer periods. Have not really withdrawn any from my savings.
I believe it's too much... It could drive $HIVE price down if it doesn't already do that. People can put their HBD in savings, earn daily and remove it from saving at any moments. There's no risk. (Even staking HIVE has more risk and lower rewards than HBD's at 20% APR.)
Someone suggested a system in which you earn APR per HBD, but you have to lock it. The longer you lock it for, the higher APR you get, but you can't unstake the HBD from savings until the locking period ends. If that system was implemented, I'll be okay with 20% APR.
I think HBD needs more liquidity, this is where 20%APR is beneficial. I am absolutely shure that HBD does not drive down HIVE. Most of the people swap HBD on the internal market without doing a conversion. Meaning there is demand beyond the conversion.
I would be willing to lock for longer periods. Have not really withdrawn any from my savings.
Glad to know your perspective on this... I think the locking periods will be a good solution to this.
I am more than happy to have a longer locking period. 12 months for 20% is a great deal!
I would like to have more HBD in savings, but this pre-bull market has led me to allocate in altcoins
I did get into Rune but used fresh money :)