THere is a lot of attention being paid to algorithmic stablecoins and if they are viable.
In this video I discuss how one of the keys, in addition to building the value of HBD, is to focus attention on HIVE itself. Since it is the backing entity, it is vital that value be directed at that coin. By doing this, we can leverage that value to enahnce the resiliency of HBD.
▶️ 3Speak
that is the most important thing about a Stablecoin to have the backing of a token like Hive so we have the perfect combination to succeed in this difficult crypto world
Hive has more use case more than these too coins. And we know that there are several reasons to hold hive but we definitely need more use cases too.
Increasing returns on Hp won’t be a bad idea and good points on layer2 ideas you dropped too.
There is actually no significant incentive to stake Hive.
3% APY is literally a joke for a halfway serious investor.
If you add the less than 10% APY that would accrue in a proper curation¹ in a decent and honest environment (neither of which apply to Hive), you'd come to (I'll be generous) a maximum of 15% APY for Hive staking.
That's not an incentive. It really isn't.
And 13 weeks for a powerdown (the topic has been discussed on Hive many times) is also completely out of the question in a highly dynamic environment.
Surely there will be understandable reasons why APY and powerdown are the way they are. But for me, as a small fish who looks at things from his ego perspective, it's clear that Hive staking is not a particularly smart way to grow into Hive. There are other (and possibly even better) alternatives.
¹ Mentioned only in an aside, but still referencable imho: https://www.1up.zone/@uyobong/usd3-12-worth-of-single-upvote-generated-from-7-hive-engine-tokens-no-3-is-shocking
I think you mention two strong points for the p-HBD-USDC liquidity pool on PolyCub, on Polygon. The APR is 28%, and the assets can be withdrawn instantly.
So better APR and better Liquidity. Plus there is $400,000 in Liquidity in the liquidity pool and growing, so it is attracting large volume traders slowly.
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I have already tested the Liquidity Pool and xPolyCub farming on PolyCub, thanks. Not for me. Too cumbersome, too expensive, too slow, too unserious.
And for 28% APR, I'm certainly not moving my assets off the Hive blockchain. Because I get that here as well, without having to additionally feed countless toll booths with fees.
DeFi is definitely complicated, and mass adoption of it as an individual vehicle for investment will take a long time to reach mass adoption, and it may never reach mass adoption. But the higher APR for PolyCub make other pathways besides individual efforts a potential niche or service that people will use.
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BEER.Both of the tokens feedback into each other and I think it's a good way to add value to both tokens. However, we need a lot more applications to accept HBD and more HBD to be in circulation. When HBD does increase a lot, do you think the 20% will work? I have a feeling it won't because Hive will be inflated too much when prices dip.
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Agree, HBD is backed by Hive, so it’s important the we know that Hive has value, other wise it’s a house of cards!
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STOPGood points. If we are investing in a stable coin backed by Hive, it is very important that we know how Hive has value!
Thank you!
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Thanks for the much needed education on HBD and alcorhythmic stablecoins.
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