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RE: 20% APR For Hive Dollars | Decentralization In Action

in LeoFinance3 years ago

Remidner you have to 'claim' interest once per month by performing some savings transaction. Depositing or withdrawing 0.001 HBD is sufficient. If you don't claim you will continue to accrue interest but will lose out on compounding (interest earned on the new interest).

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If I am buying HBD every day and sending to my Savings will that work ?I plan on buying several thousands of HBD every month.

Yes sending to savings will trigger any interest that is ready to be claimed (once per month).

Excellent. Is there a specific day of the month we should do this activity to maximize the compounding interest ?

30 days after your last interest payment