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RE: HBD Interest Rates Are Now 20% | We're Building a $5M Liquidity Pair for HBD-USDC

in LeoFinance • 3 years ago

HBD now has a fixed interest rate of 20% APR which rivals that of platforms like Anchor on Terra (LUNA)'s UST Algo-Stablecoin.

Looks like stablecoins are so difficult to make stable. The mechanism seems to be tough. Hbd have been playing around .87 to .97 for months but has maintained $1 and a bit over $1 this past week on Bittrex.

I hope we won’t experience what $usdn of $wave faced last week.

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3 years ago in LeoFinance by
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     3 years ago  

    I hope we won’t experience what $usdn of $wave faced last week.

    A couple things about this:

    • The price of USDN did recover quickly
    • There were rumors that founder's stake was being used for this. Hive doesnt have this issue since we cannot have as much HIVE converted since it is locked in the DHF.

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     3 years ago  

    HBD Is one of the longest-standing stablecoins in the industry. I hope now that it offers a competitive rate to UST that it will be seen by a much wider audience and taken seriously as a stablecoin to stake and HODL

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