How will the staking rewards be determained? Just a % set by witnesses?
Having some fixed amount (inflation) going to that reward pool seems interesting.... if not a lot of users stake hbd, the interest will be higher and oposite ... need to look a bit more in details about the numbers...
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It would use the same mechanism as now, which is % set by witnesses. The only difference in practice would NOT paying it on liquid. That's what makes the code change very simple, since it is just disabling part of the existing functionality, not adding anything new.
I like the idea if there's also a lending market attached to it so that savings HBD can be the risk free rate and those looking for HBD can also borrow some at various rates set by users so there a risk free rate and a P2P rate!
There's an opportunity cost for locking up for 3 days and if their are various escrows you can lock into to get better returns then it makes the 3 day less of a pain
If there was also a burn fee to break the 3 days to 24 hours that would be cool too!
Yes, the interest rate for HBD is set by median of witness votes. It's too close to HF to consider making any change here.