Question: Do you save your HBD and earn 10% on them? Or do you find it unattractive compared to alternatives you could do with it and don't bother?
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Question: Do you save your HBD and earn 10% on them? Or do you find it unattractive compared to alternatives you could do with it and don't bother?
I save some of it. You never know what is going to happen in the future but I want to have some set aside just in case
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Converting everything to Hive whenever I can. Don't want to miss the Moon landing tbh.
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Also adds to your claimdrop from SpkNetwork.
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Just another added bonus on top of tons of benefits. Insane when you really think about it in relation to the market price and market cap.
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I am stacking HBD and putting it into savings.
There might be better returns out there but I want to build that portion of my portfolio. Have something that is stable and providing a steady return.
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HBD is a great way to buy LEO and other Layer 2 tokens. I need to do some math first before I figure out which Layer 2 tokens I should buy (such as SPS)
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No need, buy LEO ! :D
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I'm too small to save HBD the 10% ROI is not that much compared to being an active Hive user. It is important to remember it is not designed for active users but an alternative investment opportunity to blogging.
buying hive with it, staking and curating is a better ROI.
Marky did a post about delegating to APE where 15,000 delegation being used as upvoteing netted around $4.80 per day.
If you look at the 10% I think it is around $4 a day.
Just depends what you want to achieve.
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I agree that HBD might not really be for active hive users, but one can actually save HBD from buying or earning overtime to at least warrant some certain level of interest. It's probably a different aspect of economics to the hive blockchain that many are beginning to pay attentions to.
Definitely, I think also Hive appreciates are around 3% per year so by being active your APR is actually around 13% and that's not accounting for receiving upvotes for engagement.
10% is not unattractive to me as compared to other platforms where my crypto is in someone else's custody. That's the only reason why I keep some HBDs in the savings.
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Get 30% APR on Anchor if you bond Luna, borrow and then put UST into savings. Borrow APR cancels out at 11% and Anchor savings account is 19.4% That is 30.4% APY
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When my priority was accumulating HP in order to stay out of RC Jail, I converted everything I could to HP, and that included HBD.
A couple of months ago, when I saw that RCs weren't a concern anymore, I began moving whatever HBD came my way into savings. I even transfer HBD from my D.Buzz account to this account in order to let the HBD accumulate.
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Well, personally, I use it to take care of my family's expenses and pay bills, but I use the second layer tokens to invest them in other types of projects like splinterlands or cub finance.
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I want to save my HBD but I keep spending it on other things that pop up. It's hard for me to get excited about 10% returns when I'm only adding it a fraction at a time. At some point, I plan on converting some other things into HBD that will be worth enough for the 10% to actually matter. When that happens, I'll probably allow my earnings to get added to the pot. But, like I said, at this point I'm still using it on other things...
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Considering the huge opportunities out there in so many tokens, 10% seem quite low but VERY safe at least.
For example I have been converting my HBD to DEC to get this daily 0.5-0.75% APR paid in SPS.
But it is more risky for sure.
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I am very much interest in this. Where can I stake the Dec to earn this daily reward ?
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I do not save them actually but I would love to know about the return rate of HBD saving. Is the 10% monthly?
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I don't mind 10% since its better than what you get at a bank. Of course it has more risk. However if I had to choose, I would probably buy something off Hive Engine instead since I think HIVE is likely to go up in price as well.
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I have been swapping my HBD for DEC to build up my deck, but I think that the savings could be a spot for a fair amount of the fiat I am earning from working
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At this point, i think holding hive is more lucrative given what is happening. There is a huge chance we see a $2 hive this year and in fact, I am betting on it.
HBD in savings is great. You get the comfort of holding a stable coin. But I would go for hive at this point
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