Interest On HBD

in hive •  4 years ago 

Hive's interest on HBD seems to be an interesting idea to bring DEFI to the chain. DEFI is hot right now, with chains like Polygon and BSC being big into it, and everyone is out chasing the highest interest rates.

I ran into this post: https://peakd.com/hbd/@smooth/why-i-set-my-witness-hbd-interest-rate-parameter-to-7 which said that witnesses are setting their APR for hbd to 7% which seems interesting. If HBD can hold at $1, its much higher than any bank can offer and its decentralized as well so I wonder if many people will buy it and hold. Until now I used to get rid of my HBD, but I might start hodling it.

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