I've been quietly stacking stable coins for a while now but have limited my HBD holdings because I've already got a fairly decent Hive stake and like to spread my assets over several different chains, but I'm now wondering whether I should maybe start stacking a few more HBDs...
One thing that's swaying me is the fact that the HBD price has been relatively stable for the past few months, even though it seems to floating around at just under the $1 mark, that's not a problem if I DCA in or deliberately time to buy at low points every few weeks or so.
I also like the simplicity of it - HBD is one ONE CHAIN (Hive) that I know and it's related to, well, the Hive currency, and every since the DAO and the HBD stabliser, the price seems to be nice and stable.
And there is also the possibility of debt ratio increasing to over 10% which is where it's at ATM.
And then there's the 12% interest, which is competitive.
The only thing putting me off is just the sheer amount of liquid Hive kicking about on exchanges, I'm not sure the stability mechanisms in place could cope with a 300 million dump of Hive?
But for now, I'm happy to gently stack a little more, and I certainly wouldn't be the only one doing so....
12% for a simple reasonably stable coin on a Chain I know well and trust, that's NICE!
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If you can accept its only going to be worth 95c, then its great. I use it as my primary stable.
I've been throwing all of my HBD rewards into savings for a while now. I am hoping to build up enough so I can be pulling in five HBD or so per day. That would be pretty awesome.
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It would be like in the 1970s!
Bah, ten bucks is ten bucks man!
Wouldn't it? I've been stacking mine too..
I'm stacking every and each HBD I get, 12% is a no brainer decision
If you're stacking stables anyway, I think it's a no brainer.
The only thing that holds me back is that I think the price of HIVE itself will outpace that 12% yearly return on HBD.
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I still think it's good to hedge... if Crypto in general does well, it probably will, if not, probably not!
I've been keeping it there as you are right, it's a good return!!! I guess if it destabilises we will have more concerns than that.
With HBD getting paid out for author rewards and 12% interest it's a no brainer for me.
It all goes into the savings account and if the hive price jumps at any stage I'll buy a bit more for the future.
It stacks up fairly fast.
It is so convenient too!
Also stacking. It's very competitive as you say, one that we simply can't ignore as it is right on our faces
Yup it is right there!
Been doing the same lately for much the same reasons. 🤠
It's not a bad option, easy and efficient!
HBD seems a decent option if you want an income from a stablecoin. I don't tend to hold too much of it, but I save it up for HPUD each month and may as well get some interest on that.
Do you not do stables at all then?
Not really. I'm not putting in much money, so whatever I make is a bonus. Our ££ savings are our stablecoins that earn something.
Stacking HBD slowly but surely, should post to get more of them, but been too occupied with life. Well, trynna-get-my-shit-together type of occupied, to be honest.
I'm also starting to get into the stablecoin kingdom on polycub by selling my yield. Been long due to build a hedge with stables, no better opportunity to build it than with free money!
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Ah damned life, for me Hive writing is so much in my daily and weekly routine I never miss a day! (Probably because I don't really have much of a life TBH!)
Yeah I like that Stable pool - I'm 20-180 stake - sell - I should sell everything really, but the 10 times XPCUB is interesting!
I got some 50 xPOLYCUBS early on and have a decent amount in USDC-POLYCUB pool. I'm willing to ride those out and see if the "number go up" theory really holds in practice (for POLYCUB too, not just for xPOLYCUB to POLYCUB ratio). No need to go all in though in my mind, because if it works, then the same framework will be replicated onto another chain and we'll get another chance to ape fully in. Because of this, there should be no FOMO, but of course, crypto degens are what they are: willing to gamble anyway 😁
Staking hbd is a big deal for us all and I believe it is a best way to build on hive
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It is a good option to have, for sure!
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where are you holding your other stables? and all on dexes or centralised?
It's a mix of Terra, Avalanche (Benqui/ Platypus), BSC (Belt with Cub), HBDs and swap.bd-swap.busd on HE, the later is just so convenient for HE!
Although TBH I don't like holding so much as stables, now I'm in Portugal with no tax implications on crypto trading (for now) I'm cashing these out soon and buying me a house!
But I spread my stables holdings widely across all the options!