RE: HBD Savings Balance Reaches Another All Time High! A Look At The Data In HBD Savings

[forsakensushi]

thanks for the data much appreciated! i am a fan of the high apr as an investor, but i wonder if it is good/sustainable long term, i think everyone should watch how the high interest rate affects both hive and hbd supply, and prices. I have an economics degree and im not sure how it will affect things myself, it definitely makes one desire hbd apr stability in bear markets, but in a bull market, 20% apr on a stable coin is leaving money on the table.

Perhaps the witnesses could discuss the affects they see after a period and respond to market conditions as they change. For example, if it is deemed the high interest rate is having a negative affect on hive, and causing secondary problems, a gradual adjustment can be made to that, id also recommend staged moves on the downside, in the same way they gradually raised the apr over time. this will give future investors security that they have time to respond to changes in apr, as opposed to radically cutting the rate in half in 1 shot for example.

just my 2 cents and thanks again appreciate all your posts!

!PGM

!LOLZ

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[dalz]

Check this post

https://hive.blog/hive-167922/@dalz/what-is-the-inflation-from-the-hbd-interest-realized-and-projected-or-august-2022

[forsakensushi]

Thanks, interestingly I commented on that one 2 months ago!

I think three things could help for HBD:

1. set interest rate based on hive price. As hive goes down, hbd interest goes down, as hive rises, hbd interest rate rises, in a perfect world, this minimizes hive inflation, and reduces attractiveness of hbd when hive price is weak, helping alleviate a self reinforcing downward price movement in hive. And as hive rises above some level, hbd interest rate rises, this slows hive price rise. This would help long term in my opinion.

Hive between 0.10 and 0.50 usd 5% apr on hbd
Hive between 0.50 and 1.00 usd 10% apr on hbd
Hive between 1.00 and 2.00 usd 15% apr on hbd
Hive between 2.00 and 5.00 usd 20% apr on hbd

1. Change hbd savings into a CD (certificate of deposit) like concept. To obtain the above aprs one must lock their hbd for at least 1 month initially, then can withdraw that individual hbd after 1 month, so if I had 100 hbd in the savings cd for a month, then today add 100 hbd. I can withdraw 100 hbd today and 7 days from now, when the 100 from today is time unlocked, that can be withdrawn.

Give the option to lock the HBD for longer time periods to earn multiples of the current APR, and have that payout locked in like an individual contract. So if I lock my hbd for 1 yr, perhaps I get a 10 or 20% bonus to my APR.

1. A new way to facilitate the hbd market, new frontend for trading and treasury services. A lending market for hbd like hive power has. A way for individuals and businesses to come and seek HBD loans from other individuals, microlending basically.

!PGM

!LOLZ

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