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RE: Why I set my witness HBD interest rate parameter to 7%

in #hbd3 years ago

What are your thoughts on including some kind of a management fee (in a future hard/softfork, of course), such as a small annual percentage fee? The idea is that it could be charged for the HBD savings account service, similar to other DeFi platforms that charge fees, and it could be used to buy back Hive from the market and burn it in order to help maintain the Hive price, which again creates long-term stability for the investors. The fee could additionally be used to stabilize HBD as well (if need be).

So if there's a high interest rate, a little bit of the HBD payments (small enough so potential investors wouldn't really care) could be used to buy and burn Hive. Just a thought.

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Maybe. Would have to see a specific proposal in the future.

OK, cool. By the way, unrelated to this, it would be great to see if you want to support this proposal to make Hive the database of choice for the Podcasting 2.0 industry: https://peakd.com/proposals/181