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RE: Hive Backed Dollar-to-Hive Ratio To 30%?

in LeoFinance3 years ago

This seems fairly reasonable to me. I am in the market for a good stable coin to move some of my gains into and I am giving HBD a long hard look. I actually bought some WLEO so I can eventually move it into HBD, but I am waiting for the funds to move over now before I can make the purchase. I was hoping to grab it at the $.94 mark, but I guess I am going to have to be happy with whatever I get now.

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I flipped some Hive into HBD during the pump. I have it sitting in that ready to enter when the price (of Hive) retraces to the level where it was before, which I believe it will.

That said, HBD can be a fantastic stablecoin if we can really figure some of this out. I am also of the mindset that greater printing of HBD would help to reduce the volatility, helping it to hold the peg better.

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That makes a lot of sense. When I get my LEO finally, I am probably going to move it into HBD and just leave it in the savings so I can earn some that way. I'd love to eventually have about 4000 HBD in savings so I can be earning at least 1 HBD per day. As long as the rate holds at 10% of course.

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I am filling up some of my HBD stake also. At some point, we might see more interest paid.

But for now, we just keep filling our bags. It is a great option to have. If we can truly have a stablecoin native to Hive is amazing.

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