Hello. Thank you for sharing your thoughts and questions. First of all, the mentioned 15% APR is the minimum rate set. Also, as mentioned above, "Our goal in this study is to provide a reference point for returns for projects and users working on Cent delegation and to start/intensify competition among businesses. Currently, Cent can generate approximately 25-27% income through staking and voting."
As for the line of thought "Why bother with a riskier instrument when HBD Savings pays 20% APR?"; This is all about risk: probability of return. If we continue with the line of thought you mentioned, all Hive users are expected to sell their Hive Coins and invest in HBD Savings. Or more mathematically, we are expected to prefer methods that offer lower risk + higher return compared to HBD Savings. We do not see such behavior in most users. Because Hive price is extremely volatile compared to HBD. So is the price of Cent. Our perspectives on investment/investment instrument types are different from each other. Our risk perception is different from each other. Thank you again for your comment.
And cent is somehow not going to be volatile against the coins necessary to obtain it and convert to back from it to actually use for things?
I'm having a hard time understanding why I need these extra steps when hive/hbd are already capable of doing all the utility you mention, and even end up being how cent says it will pay its dividends. Why middleman? Why extra steps?
This is related to the fact that the cryptocurrencies you mentioned are different projects. Just like there are hundreds of token projects on Ethereum and the Ethereum network. Cent is a token project in Hive-Engine. The price fluctuation is targeted at around $0.01. There are six liquidity pools. And LP rewards are distributed in all of them. We do not see this in Hive. The work mentioned above is also about ensuring the usability and sustainability of the project. We are trying to reduce inflation with such work while maintaining its profitability. You can reach detailed information about the project from the content here.
There are dozens of token projects in Hive-Engine. Cent is one of them. They all have different promises and project features. Instead of talking about the necessity/necessity of Project X when there is Hive/HBD, we should think like "What can such projects add to the Hive blockchain?" The existence of different projects on the blockchain adds value to that blockchain. Also, as you mentioned, each project has different risks/return expectations. We should expect the project users to evaluate this.
Fair enough, full disclosure, when I get tokens sent to me from tip bots or whatever, I turn them back into hive as soon as they amount to enough to do so or ignore them otherwise. On eth the gas makes that impossible most of the time so I just have a pile of noise in my metamask from those and ignore it too. Good luck with your project.
Thank you. This is a strategy that some users also apply. Some users may also expect returns by investing in different token projects or trading tokens. This is entirely up to the individual's preference. We wish you success too. Have fun and success to all of us at Hive.