Hello and Hive Fam!
I hope that life is treating you well wherever you are in this part of the world.
Crypto segment where learning is a continual process, or I can say that it is not going to en,d because the more I try to learn feels like there is still so much left that I don't know. I got to know about coins and how to trade on these points, but after joining the Hive web 3 platform, I got to know many other things. I got to know that gaming itself is a bigger segment in the crypto world, where a lot of projects are building games and they are offering rewards with monetary value. I had no idea that something like this could also exist, and that is why I feel like there's a lot that I don't know.
I also got to know that with stablecoins, we can earn such a nice return that banks will never be able to match. If I talk about my bank returns, then all I can say is that it's peanuts that I get, and that is why it is not a good idea to keep my funds in the bank account. Because I'm more associated with the stock market, so many years since I've been keeping my money in liquid mutual funds, and it offers better returns.
There are multiple liquid funds available in the market which offers the flexibility to withdraw money anytime and you'll be able to get the money in a matter of few hours only So why to keep the money in the bank account where interest rate is about 2.5 percent but with liquid funds one can easily earn about 7 to 8% With the same type of flexibility of withdrawing money.
Now talking about the HBD, which stable coin is on this platform, and it offers 15% APR. APR is a new word for me because I'm more familiar with interest rate, and if I go with the yield percent, then with HBD it is much higher, but I don't know how it's going to be, and I have no idea how to calculate this. I reply to go deeper into this to figure out what the actual yield is going to be, but because the interest distribution happens every month so for example, if you invest 1000 HB, D, then at the end of the month, you'll be getting a certain interest on that. So this way, technically, you have a slightly higher amount on the next month for the interest calculation, and this is why the yield will be higher than just a flat 15%.
I have invested on high because I find the value for this coin very low at this point of time but I plan to convert some hype to HBD later when the value is better because I just love this 15% interest rate which is distributed every month and locking period is not so long and its just 3 days so there is nothing to be concerned about I think.
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Maybe someday I can have a nice stack of 10,000 HBD or maybe more, so it will get me a decent APR in a month, and if things go well for me, I can also try for an even bigger stack, which can be about 50000 HBD I just imagine how much interest payout can be in that case. It sounds really great. I will do it, but this will be done when the time is right and the market is better. So let when this plant turns into reality for me, but overall HBD, it's such a great option to invest in, and it's a fantastic one undoubtedly. Thank you!
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