I could see the 20% APR being more reasonable in the 1 year lockup which something more liquid would be 10% but doesn't that then cause issues with lump sums becoming available that could be sold and cause a drip in the stable coin price? But then the question is would enough get locked up for the 10% APR increase and it's instead better off how it is now with adjustments to the APR when needed.
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The rates are variable which is going to bring in a lot of questions.
Certainly, there could be a flood of HBD hitting the market with a 1 year lock up as they become due.
Of course, if one locked 20K HBD for a year, earning whatever percent, what are the chances much of that gets reinvested.
We are already seeing that with the HBD savings. Most are just growing the account.
Plus, the goal is to have options with HBD. So, a year from now, perhaps one doesnt sell it but utilizes it.
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