Of course @hbdstabilizer is set to 100% beneficiary for this post.
In April 2022 I published a witness update, announcing 20% APR for HBD
I’m always very careful and rather conservative when it comes to such decisions, but given current conditions this seems to be a good time to go this way.
HBD is heavily underappreciated, and I don’t mean its monetary value, which by definition should be kind of pegged to USD, but its utility.
1.5s on average to transfer funds fromalicetobob.
Neither of them pays any fees.
There’s an internal, fee-less, decentralized market HBD <-> HIVE
Two-way conversions between the two.
And of course: the time-locked saving balance.
I was about to do that many times already, but now I think it’s finally time to end this “promo”.
I will start lowering down the hbd_interest_rate to 10% gradually. My first thought was to set an end date for this process, but I can’t predict what will happen in the coming weeks or months, and if I would have to adjust my plan.
Of course, my action on its own doesn’t affect platform wide APR for HBD, because it’s a median value taken from top witnesses.
HBD is awesome and will stay awesome, (even at 0% APR!) because of the above perks.
In the long run (and it was a long run already) it shouldn’t overshadow what matters most: Hive Power.
And by the way, the next Hive Power Up Day is coming, are you ready? Have you ever participated in it?
See also:
- deathwing's take on HBD APR
- ausbitbank's site about HBD