Let's see how this change will turn out in couple of months.
People should chill, it's just 5% drop and still 15% is relatively too high compared to anywhere else.
I believe APR of HBD should be adjustable depending on cycle.
Like in last year binance was offering 20% Apr on usdt but now it's less than 5% when market is down.
Should try same with HBD to see how it makes progress.
This would be a better way to go about it. The High inflation is only continuously hurting the Hive price because of all the sell offs that have to happen to keep HBD stable. 20% is not sustainable and hasn't been in a while as we have seen. It can make sense if Hive was in a bull market, but it sadly is not.
Yes, it's still a great return and better than other places. This is a good suggestion that could be considered.
You have to take into account though the problems that are being caused in the ecosystem just to have that high of an inflation rate, which you addressed in the post. Something needs to be done or the Hive token price is going to become unrecoverable
I agree, if you dont know where the yield is coming from, you are the yield. The only thing to stop the Hive death spiral would be to stop the HBD interest and burn the DAO funds being given out to insiders. Hive needs NGU to survive.
At least stay somewhat stable and stop dropping. I am one of those that number go up doesn't mean much anymore when you are comparing it with a currency that is continuously losing value like the dollar. But that's a whole other argument.
I COMPLETELY AGREE with the burning of the DHF because it is not helping anyone but those that are already reaping the block rewards by being top 20 witnesses. The DHF has done more harm to the ecosystem than good, that is for sure.