This is an interesting post highlighting the growth of HBD in savings and its performance in the past years. It's impressive to see how the interest rates and debt limits have evolved, making HBD more attractive for investors.
My question in mind is: Given the steady growth of HBD in savings, do you think there is a possibility of the interest rate being reduced in the future to maintain stability, or will the current 20% APR be sustainable in the long run?
More power to you @dalz
After one year of 20%, the debt level is now only at 5.5%. Far from the 30% limit. I'm personaly against making frekfent changes to the APR, and would leave it at this level for a long time. The haircut rule is the ultimate protection for hive and hbd
Thank you for your response, @dalz.
It's reassuring to know that the debt level is currently at a comfortable 5.5%, well below the 30% limit. I agree with your standpoint on maintaining a stable APR, as frequent changes may impact investor confidence and market stability. The 20% APR seems to be working well for HBD in savings, and as long as the debt level remains under control, there might not be any immediate need to alter it.
The haircut rule indeed serves as a safety net for both Hive and HBD, ensuring that the system doesn't spiral out of control. As we continue to observe the growth of HBD in savings and its impact on the Hive ecosystem, it will be essential to consider long-term strategies to maintain stability and attract more users to the platform.
My plan is to continue sharing this good news on Twitter and maybe attract some investors. Wish me luck
Keep up the great work analyzing and sharing valuable insights on providing valuable data for Hive. Cheers