RE: What is the appropriate APR for HBD savings according to you ?
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The APR was set at 20% to attract money flow to Hive, but this measure was not very effective. When we search on google for "Best stablecoin yiled opportunities 2024" we see a maximum APR of 16% and HBD is not on this list, only those who know the Hive ecosystem well are aware of HBD's existence.
So the main reason HBD is 20% is not achieving its real objective. Attracting new investors to Hive.
My proposal for the APR rate for HBD should be gamified, the more HP the user has the higher the APR, where the maximum would be 20% (which is the current value). Below is a table to illustrate:
Between 1000 HP - 5000 HP --> 10%
Between 5001 HP - 10000 HP ---> 12%
Between 10001 HP - 20000 HP --> 15%
Between 20001 HP - 50000 HP --> 18%
Greater than 50000 HP ---> 20%
This would encourage users to increase their Hive Power in order to increase their performance in HBD Salving.
I quite like this idea. The more HP you have, the higher your APR gets :-)
Glad you liked it! But in terms of implementation, I think it would be complicated. But I think it's worth the effort!
Thank you very much for your comments!
That's an original idea. It would most likely require a Hard Fork, though.
HBD is not a true stablecoin. It is rather a voucher that can be anytime exchanged for Hive worth one dollar. That could be the reason why it's not on the list above.
I don't have much knowledge about the implementation of this idea. But thank you for clarifying these questions and that you like the idea!
looks reasonable to me
Thank you!
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