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RE: Hive Backed Dollars (HBD): Market Based Currency

in LeoFinance3 years ago

Should I save in HBD or HIVE. I thought HBD is a stable coin in hive blog and it have interest with HBD Saving. But Hive can grow up to the hight price and Hive power can get curation rewards. So what should I do.

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$HIVE in savings does not pay interest; $HBD does.

It depends upon what you are concentrating upon. If speculating, $HIVE is the way to go since it has upside. However, $HBD is about fixed income. So if just looking for a solid return, the HBD in savings pays 12% annually (claimed monthly).

So it depends upon you approach at any given moment.

For me, I am putting HBD in savings to grow it as a baseline return for my portfolio.

Posted Using LeoFinance Beta

Ok ! Thank for sharing your idea.

No problem. Getting to know all the different pieces on Hive can be overwhelming. A lot of moving parts.

But once they are understood, it becomes clear how powerful all this is.

Posted Using LeoFinance Beta

Agree it !!! Now I start to learn about the hive engine and leodex. But don't know too much. Can helpful some second layer token ? It had a lot of second layer token.

Sorry for my english skill. I just try to say with english.

Hive-Engine and Tribaldex are basically the same. They read the same data just different frontends. You can add Leodex to the list for that.

A lot of H-E tokens are not very good in my opinion. LEO is a layer 2 token obviously that trades on there, so not all are bad.

The value is we can get rewarded in many different tokens for the same post. There are also funds like BRO, SEED, and LBI which can offer returns.

So we see a lot of variety at the second layer which is to be expected. One popular token is obviously SPS which is related to Splinterlands.

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Thank sir. I only know SPT token can get from splinterlands game. How can I get sps from splinterlands.

If you have some SPT you will be getting a bit of SPS being airdropped to you. It found in the game.

If you claim your SPS and stake it, then you earn more SPS. Just like everything else, DeFi throughout.

Posted Using LeoFinance Beta