This is interesting 🤔
I feel the 20% APR is cool because it puts us 1pt higher than the highest available (among rhe reliable ones) APR in the market which is 19.55% APR on UST (from Terra Network) in Anchor Protocol.
Imo AP has now more than 18b TVL, now imagine even 1% of that migrating to Hive!
I'd had to research more, but Idk if the 72hrs cooldown to convert to/from HBD to HIVE, plus the lack of quality graphs, gives us the right image and the required branding-reliability-professional looks for us to sit beside Terra Blockchain, and to provide HBD with the level of trust the UST inspires.
HBD has kept the peg very nicely tho. The UST-LUNA arbitrage option is very interesting to investors. We must develop some bigger opportunity (not just APR) to get some of the outside Volume into Hive.
Also, a lot of USD-pegged stables are developing an arsenal of diversified collaterals. We might consider backing up HBD not only with HIVE but with BTC, ETH, GALA, BAT, AVAX, and/or anything the community might find interesting.
Just a thought tho.
- EvM