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RE: HBD Interest Rates Are Now 20% | We're Building a $5M Liquidity Pair for HBD-USDC

in LeoFinance • 3 years ago

I am still a bit concerned about the 20% interest rate offered by HBD saving option. I hope it get sustained for a long and hope it wouldn't reduce the value of hive power though.

Hearing about a liquidity pair about HBD is a good development to welcome. At a time like this, HBD really need it

3 years ago in LeoFinance by
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     3 years ago  

    Why would it reduce the value of Hive Power?

    It seems like it will only enhance the value of the ecosystem. HP offers a lot of on chain utility. That is unaffected by HBD. Also, anyone who is going to utilize the HBD savings will need to have a hive account and some HP to operate.

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     3 years ago  

    It is going to bring a massive benefit to the entire Hive ecosystem. Some people still view things in a narrow lense but when you take a step back and see the big picture, you see that this is a radically positive shift.

    Increase the HBD APR is going to drive so much new attention to Hive which in turn, leads to more value for both HIVE and HBD.

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       3 years ago  

      I hope it get sustained for a long and hope it wouldn't reduce the value of hive power though.

      That was my worry before now, but I've been given a light that Hive Power serves much more than generating curation and staking APYs.

      Your Hive Power is your governance power where you can support witnesses, vote for proposals and even operate your second layer tribes.

      Holding an HBD savings will require Resource Credits which is a function of Hive Power.

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       3 years ago  

      So, if I want to put 100k hbd into savings I will need enough resource credit to that by powering up some hive?

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         3 years ago  

        If that's all you want to do you won't need a lot. The free RC that comes with an account is probably enough. If you want to engage in more activity then you will need more RCs and need to power up more HIVE.

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           3 years ago  

          Thanks for your smooth explanation

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             3 years ago  

            HIVE and HBD both offer unique value propositions. These need to be separated and evaluated on their own terms.

            Very similar to CUB, POLYCUB and LEO. Each has its own value prop and reason for holding. Most people need to get a clear understanding of each

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