If short-term investors give that much of a dam about DeFi among other things, then, I’d rather see Hive Savings being used and it having an APR for Hive.
It already has a short withdrawal period.
Exchanges could use and offer it for those who prefer to keep funds on an exchange.
Other tokens within our ecosystem could choose to follow by offering APR on their coins in a “saving style account like Hive.”
HBD already offers “DeFi” in the Hive saving account. Hive is not being consistent with it not being included as well.
When people think of savings accounts they already think of earning APR as is standard in many financial services like banking.
Short-term speculators are just that short term. Governance, proposals, or being a curator tend to be more long-term speculators. These two mindsets have different opportunity costs in mind.
Short-term speculators don’t want 4 weeks, or 1 week. They want it as quick as possible. Crypto moves fast.
Short term speculators provide a lot of value to long term investors.
Long term investors accumulate, short term speculators provide us a payout. Liquidity, etc.
Shorter powerup time benefits literally everyone. If it was possible to push this down lower or offer a dynamic powerup time id be all for it. 4 weeks is just a first step. Otherwise we stand in place and talk about options endlessly.
First its 4 weeks
Then it’s a burn
Then it’s 1 week
Than it’s 1 hour
Just do all the bullshit in Hive savings and be done with it already.
They will never be happy till they can instantly sell at every 1% change in the market chasing profits but still expect some kind of gains for holding it for an hour as their “opportunity cost.” Which case they want to keep funds on an exchange to avoid fees and avoid having to wait for depo or risk wallets going “offline” to deposit during high volatile moments. Which is fair as Hive wallets on exchanges are always having issues.
Short term speculators are crack heads. Nothing else. They don’t care who or what gets them their next fix.
If the market really gave any kind of fucks about honest DEFI. Things like Cub would not be at $1.735 going down daily.