You may already know this, and I wanted to clarify. Instead of moving Hive to savings, you can “power up” and turn some Hive into Hive Power. But know that Powering Down takes 13 weeks.
Powering Up is similar to what is called staking on other blockchains.
I know, I want to reach 20 HP sooner, correct me if I am wrong but if I move my Hive to savings, I'll get Hive as interest, right? So, I can power up for enough HP sooner? That was my plan.
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Hive in savings does not accrue interest. Powered-up Hive (Hive Power) accrues interest at about 3% APR. When it’s powered up you also can gain more from voting on posts.
HBD works differently. HBD in savings accrues interest, (current rate is 12% APR)
Oh, I didn't know that, I should use my all Hive for powering up. Thanks for all the information.
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