So I have a question about the HBD savings. What happens to the HIVE deposited into the savings? Do they figure a average value and pay HBD intrest? I had 2200 HIVE or so in savings which I'm withdrawing to convert to HBD because it didn't appear to be paying anything.
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HIVE in savings doesnt pay anything, only HBD.
Instead of converting the Hive to HBD, maybe simply swap it on the internal market. You can do that through the Hive.blog wallet.
It is much quicker to start, you get all your money at the time of transfer and keeps the HIVE in circulation.
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Thanks. Honestly they shouldn't let you deposit it unless they're willing to pay intrest imo..
The deposit feature is more for security. Rather than holding fully liquid hive that could be moved immediately if the account gets compromised, the 3 days withdrawal period can act as a safety net for the owner of the account while he tries to retrieve the account.
Yeah they claim that about the 13 week power down too
Only HBD savings gives returns. To get returns on Hive, you either power it up and curate with it or power it up and delegate it.
I was about to ask a similar question.