Thanks for the update. I have actually made a habit of checking the witness page about once a week to see who has the interest rate set where. 12% is already incredibly attractive. 20% will be even more so. At 20% HDB can compete against some of Defi, and HBD has the huge advantage of being stable and much more trustworthy.
Yes, I suppose it may soak up some of the money that people would otherwise use to power-up. But, then again, I think many of the tokens and the diesel pools (some of them have just insane APRs, like the PLN one) are already soaking up that money. It's likely the HBD savings takes money people would throw at tokens and pools more than money they would use to power-up.
Another huge advantage is a 20% rate could attract outside interest. It may attract new people to join Hive just so they can take advantage of that rate. Then while they are taking advantage of that, they may look around Hive and decide they like it. That's be a huge win if we can attract new people!
Anyway, thanks Marky for the update. I hope other witnesses follow suit.