There is a clear demand for HBD. The price is currently above $1.17, and HBD should be pegged to $1 always!
That is over 17% above the peg! Just this week it was under $1.10, it is going up too much!
But we are not helpsless.
Call witnesses to increase the HBD APY to 15%
I am a small witness, so my node doesnt count too much. I am doing my part and choose the APY to be at 15%, it is currently at 10% but the demand is still higher than the supply.
You can support an increse in the APY by voting for me
Click here and vote me for witness on HiveSigner
Or use your preferred signing tool to vote me:
https://vote.hive.uno/@igormuba
But you can also support it calling for the top 20 witnesses to also increase their HBD yield.
Most witnesses at the top 20 are voting for 10%, which is the current rate, and a few are voting for 12%, but to me we need to push 15% to try to control HBD increasing price, and peg it back to $1.
There is a much better mechanism to control the upper peg -
collateralized_convert, which was used a lot during the last few days.Done!
Reblogged! You're the only person I see talking about this. Did you get my friend request on Discord?
Posted Using LeoFinance Beta
Na verdade você tinha que abaixar para as pessoas que estão deixando na poupança vender... aumente somente quando o preço começar a cair para menos de 1 dólar.
The problem with increasing APR is it's easy to increase, but it should be hard to decrease it. So at 10% we're pretty good. It's not too absurd, it's in the double digits but only just.
Also, offering interest on HBD is meant to increase demand, not increase market supply. Especially now that it pays only to savings. As @nicniezgrublem said, the mechanism to increase supply is baked in to the new HF and is instant.