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RE: HIVE Dollar Interest Distributions Begin on the Hive Blockchain

in LeoFinance3 years ago

If you buy more HBD and move it to your wallet, does that reset the 30 day timer and you loose the interest for what you were holding in HBD before that?

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To my understanding, you claim the first collected interest by an HBD transaction like a transfer. Then you can't collect the rewards for the next 30 days no matter how many transactions you do.

That 30 days time is a timer from the claiming operation itself. Like a cooldown.

so... always accruing...?

Yes, I think it's daily. I will update this comment once got confirmation from others.

EDIT: It seems the interest is calculated per second.

No, you don't lose anything, nor gain anything, by moving HBD in or out of your wallet. The correct interest accrues every block based on the balance that is there. It is only credited at most every 30 days though, but still tracked internally.