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RE: If It Ain't Broke? 👽

in Hive Improvement3 months ago

I missed the Witness Town Hall due to some personal stuff, but I hope you had a productive meeting!

And regarding APRs, tbh, it was a bit ridiculous to have an APR of 20% (at the very beginning) for HBD staking... Not because it was too much, but more because it was MORE than the APR for HIVE staking... It's a bit lame to have more incentives to HODL the "second" token on the chain, and not the main one... + all that pissed off people who were here to grow, build, and kind of divided the community... After that, the HivePower became "less important"...

Back to today, I agree with you on lowering APR on HBD as it (still) makes no sense to have it at 15%, especially as nobody gives more than 7-8% atm... Not even on chains that move billions... On the other side, I wouldn't push the APR of HivePower up either, as we don't need more dilution of current token holder's bags...

To summarize... HBD APR down and LOWER than the HivePower APR... HivePower hodlers are pillars of the chain!!!


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When I initially proposed the HBD idea a few years ago, I said it should be 3%. Give people a reason to hold longer. Not sure how it got so high, don't think I ever set my witness to reflect more than 7.5 % 😂.

Something relative though, I'd even go with 2.5 on HBD and 5 on HP. You get me though and see what I mean, thanks for stopping in hombre.