Greetings, everyone!
Today I met with some friends and ended up borrowing 8,500 HIVE at 5% APR, with payments scheduled on the first day of each new quarter. Not a bad deal, and certainly better than what Binance was offering them.
Now comes the real question: what should I do next?
One option would be to convert everything into HBD and stake it for the 15% APR, but that carries significant risk. With the Hive price being unpredictable, it’s a gamble that is entirely out of my control.
My preferred approach is to power up the HIVE and focus on maximizing curation rewards. This path feels more balanced, as the risks are measurable, and it also allows me to support communities through voting.
What would you do in my place?
As for my plan, I’ll power up one of my currently inactive alt-accounts and set it up for automatic voting. I won’t disclose which account it is, so I can track the results more objectively and treat this as a clean experiment without outside influence.
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HBD or HIVE POWER UP have the very same risk, don’t you think so?
My deal is that I will return HIVE, plus 5% APR. If I swap to HBD for 15% APR, and swap back to Hive at the end of the contract, I would have to take the risk of the exchange rate, which I'm not comfortable with at the moment. Right?
!PIMP
It has the same risk of getting less HIVE if the price of HIVE is higher than current price, yes, in this case you are right. But if the price of HIVE keeps going down I would prefer to have HBD instead + 15%
I think it depends, but I think both have their risk. I personally think HBD might be better but it depends on how well it stays pegged. It's been stable for a long time due to the stablizer.
If the Hive rate were to stay constant... But no one can say how it will be in a year from now.
!PIMP