UST is by far the leading stablecoin right now.
Algorithmic, putting it out of the reach of US regulators and thanks to LUNA, it's actually stable.
There's no reason that HBD can't join it, but with our stability issues (obviously not ideal for a stablecoin haha), it's just not quite at the level of UST yet.
When you add the 20% you can get on Anchor, there's really no comparison.
I keep asking this question, but haven't really found an answer:
Why don't the Hive witnesses change the HBD interest to 20%?
Surely the fact we are an algorithmic stablecoin and match the current best stablecoin staking returns would see the story go viral on CoinTelegraph and the like.
Anyway, that's all well above my paygrade haha.
Great article, keep it up!
PS. Thanks for sharing those links <3
Posted Using LeoFinance Beta
The whole UST process was really smooth and I intend to transfer more over very soon in fact,
I don't think the Witnesses are against increasing the HBD interest, it's more of a case of wait and see how it goes ATM.
TBH if all I'm doing is putting my earnings into savings, it doesn't matter too much if HBD is 100% stable anyway, but it would be nice if it were.
Maybe the issue is just lack of liquidity to correct the speculation on the price? I'm sure I saw that mentioned in one of the DEV meetings, and the proposed solution is to take on more HBD debt.