Yeah, I get that this model works well for Hive itself — the reward pool is dynamic by design, and people accept that volatility.
But HBD feels like a different story.
If the rate drops as more people come in, you eventually hit a point where new investors just lose interest. The incentive disappears right when adoption starts growing. That’s a bit counterintuitive if the goal is to attract more capital.
For something positioned closer to a “stable” instrument, people expect clearer rules. Not necessarily fixed forever, but at least predictable enough to make decisions.
Otherwise, it starts to feel less like saving and more like guessing where the rate will go next.
That’s why I still think some form of term-based or locked rates could balance things out — let the system stay flexible, but give users a bit more confidence at the same time.
I agree with your sentiment 100% here.
From an end-user perspective it's hard to argue.
Stability and predictability are key.