HP will increase by 146 HBD when conversion completes in 4 hours - this is the first of three total distributions made from my savings to be staked as HP…more on this later :)
HP will increase by 146 HBD when conversion completes in 4 hours - this is the first of three total distributions made from my savings to be staked as HP…more on this later :)
How is it done?
The process described in this Wave? Sure!
I had some HBD in savings that I had built up over the last few years. The interest rate in the BD savings account was 20% for a long time, now it is 15 which is still REALLY great- but I’ve decided HP is more important to me that spendable currency, so I made a withdrawal from HBD Savings. This takes like 3 days, but if you have HBD in savings you can just click on withdraw in the wallet app and say how much you want to take out.
After the three days you will have that amount that you withdrew, available as liquid HBD. You would then click on convert in the wallet app, and specify the same amount (or however much you want to convert)
At this time, the HBD will leave your wallet and go to a holding point for I think 3.5 days, and when that time is up your HBD will be converted to liquid Hive. The exchange rate is based on the average value of hive over the 3.5 day holding period. Then lastly, click power up to stake that liquid Hive against your account.