In an effort to diversify my crypto investments, I started saving Hive-Backed Dollars a little over a month ago. I reckon it is one best stablecoin that can't be ignored and it's something that I want to have to accumulate on my crypto purse. Why so?
First, 20% APR on HBD Savings
Even time deposits on banks can't have such an interest rate, worst, one is taxed when saving in banks. People are now a lot smarter that not many would want to keep their monies in banks for the sole purpose of earning interest.
Having learnt that the 20% is sustainable on HBD savings and it being one best way to earn interest on crypto without being exposed to too much risks, I decided to start my HBD Savings journey. But that's not all, add the following reasons too:
HBD is built on the Hive blockchain, a continuously evolving and developing ecosystem with many people around the globe making it thrive in a decentralized way.
I have total control over my account because I hold my keys to it.
It only needs 3 days to clear withdrawals (I actually like this because I see it as another layer of protection or security in place.)
No minimum amount required to start. I can add any amount to it daily without any restrictions and additional fees.
I can compound the interest monthly which maximizes the potential of growing my savings over time.
I ran a little calculation on how much I'm going to end up in 5 years with a 300HBD initial capital and adding to it 30HBD monthly and that would have me over 3,861HBD. It excites me how much more it could grow if I add more to it over the course of 5 years. And that's why I chose to build my HBD Savings.
Second, LP with USDC on Polygon and farm in DeFi
With the launch of pHBD-USDC pool on Polycub, one can now wrap HBD into pHBD in the Polygon chain and farm PolyCUB at a reasonable APR (currently at 25+%APR) without the risk of suffering any impermanent loss. (This APR may increase soon through the [governance voting]( via the xPolycub DAO.)
Screenshot via Polycub
This is particularly another good opportunity for those who are conservative when it comes to investing and have low risk-tolerance. Personally, having this pool helps me in my goal to accumulating PolyCUB token without any significant risks.
What's more?
The continuing plans and discussions behind the scenes for more use cases of HBD make it even more interesting to hodl or save this stablecoin. It is also worthy to note that despite the fall of Terra (LUNA) and its stablecoin UST, the Hive-Backed Dollar regained its peg to the USD and is holding so well.
Although I consider HBD as the best stablecoin, I encourage those who are thinking to invest in it to do their due diligence before making any investment decisions.
No part of this publication is to be considered a financial advice. DYOR please. 260522/11:10ph
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STOPThank you :) I love it!
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You're welcome @ifarmgirl, that's a pleasure! Have a nice day 😊👍
She's on fire!
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Many thanks for adding up :)
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When misc. rewards for comments or whatever drop in my wallet, I just automatically drop it into HBD like a change jar, never has even felt like an investment.
Just spare change! Glad to see you calculating, figuring out and enjoying everyting.
You are knocking it out of the ballpark lately excellent job!
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That's another way to build it up, and true it can be seen as a spare change and it will just keeps growing. Thanks for that tip :)
Thank you, keep trying to learn from all of you here :) Cheers!
!LADY
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The HBD is my sure favorite Stable coin for and I like the development all around it.
Though I havnt started saving yet and has been using it to trade for hive, am hoping to get back as much HBD when the price of hive rises, only then I will begin to save.
But for now I have some pHBD-USDC LP.
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That is great Monica and it is awesome that you are growing your HIVE holdings while the price is very affordable which is really a great strategy. Also glad that you have pooled in the pHBD-USDC, brilliant!
As for me, bulk of my daily rewards are also going to HP and just a small percentage is left to the HBD Savings. I pulled funding from outside source to participate in the pHBD pool :)
Cheers to you and let's keep growing in the Hive :)
!LADY
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LOHtokens.@ifarmgirl, you successfully shared 0.1000 LOH with @monica-ene and you earned 0.1000 LOH as tips. (3/7 calls)
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That's a good strategy from you too. 💖
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Thank you :) Let's enjoy the journey :)
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When it comes to getting internet from Stablecoins, HBD is my favorite one. Here you hold your keys and I think that makes the difference. You are in control of your wallet and earn 20% interest that is compounded monthly. This is awesome!
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Glad to know that HBD is also your favorite stablecoin. It is true, we hold our keys here and we get to earn a juicy 20% interest for our savings. All the best to you and have a fantastic HBD saving journey :)
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And sharing some !LADY by the way :)
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LOHtokens.@ifarmgirl, you successfully shared 0.1000 LOH with @rezoanulvibes and you earned 0.1000 LOH as tips. (5/7 calls)
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Looks like you have it all worked out. Very good! 😊
Haha, still learning my way through :) Thank you lots!
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!LADY for you :) Cheers!
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LOHtokens.@ifarmgirl, you successfully shared 0.1000 LOH with @netizen01 and you earned 0.1000 LOH as tips. (6/7 calls)
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Thank you for the token! Cheers!
You're welcome :)
I have also started to invest in this way on a much smaller scale
That is great :) That's the beauty of the HBD Savings, it doesn't need to be big :)
Thank you Christine and here's some !LADY for you :)
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LOHtokens.@ifarmgirl, you successfully shared 0.1000 LOH with @christinepoulos and you earned 0.1000 LOH as tips. (4/7 calls)
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And here's to share some !LADY to you :)
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LOHtokens.@ifarmgirl, you successfully shared 0.1000 LOH with @christinepoulos and you earned 0.1000 LOH as tips. (7/7 calls)
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Mine is also earning 20% APR..btw sis, panu magconvert hive to hbd? 😅
P.s.
Nakita ko na..haha..trade sa wallet..
Glad to know sis :)
Haha, good! I was about to upload an screenshot eh hehehe
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who doesn't look good thing? i also choose hbd over the other stable coins, the 20percent apr is yummy!
Yes indeed :) We can't say NO to the yummy APR
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HBD is a good addition to every Hiver's portfolio. Although you do have a clumping risk as it is also with Hive. Its a risk I am willing to take though :)
It is and yes, it being in Hive, it makes the risk kinda low :)
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Such a wonderful detailed posts. I like HBD now it has so much usecase, 20% for savings just so good. I should convert more HBD. I just have it on my hive-engine and sometimes I swap it for Hive !
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All the best to you. Although it is good to accumulate Hive too this time as the price is low :)
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i !LUV HBD. I just don't have the resources now. Soon, I will follow you. 😎
I'm just taking a small percentage of my daily HBD rewards and sending it to the savings vault :)
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And I forgot some !CTP
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Thanks! 😊
@rzc24-nftbbg(1/1) gave you LUV.
H-E tools | discord | community | <>< daily
Your articles are always well and clearly written for a newbie like me. Lots of material to study! Thank you!
Thank you :) I am very glad it is friendly to you. I always bear in mind to keep things simple and easy to understand because I am learning too and making things complicated can be overwhelming :)
!CTP
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Well, well, look who'se made it to ListNerds, lol. Welcome!
Those 20% HBD savings are simply unbeatable!
!CTP
Haha, thank you :) Great to see you here too.
Yes, 20% is juicy :) It cannot be ignored hehe
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Well written, farm girl.
Thank you so much Sayee, I appreciate you lots :)
!CTP
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Thank you so much :) I appreciate the support.
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It does not take long to build up.
Yes, just have to be consistent :) It would be good if I'm not building my HP too. But it's okay, will get there :)
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Such a great post @ifarmgirl.
Useful info for many.
I have been putting bits in savings for a while now even before the 20% APR as it has so many positives… esp. in the long term. 😎😁
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Thank you :) Glad that you have been building yours earlier. That is awesome! Good luck to us :)
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You are welcome @ifarmgirl. 😁
Just have to add a bit more every months as it is not much yet. But it’s a start.
Good luck to us 🥂 Indeedy 😎
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Yes, let's do that, make them grow :)
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On it 😉
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Very good review of HBD @ifarmgirl. You did an excellent job explaining the features of HBD.
Thank you so much :) Sharing what I could hehe
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HBD has been pretty awesome so far. I like the security of it and just being able to throw it in savings and not have to worry about it. I haven't messed around with any of the wrapped stuff on Polycub. I don't have the funds to get involved anymore than I already am in that stuff! I found your post on Listnerds.
Yes, that's the of the HBD. It's one amazing asset that is hard to ignore.
Thank you for coming over thru Listnerds :)
!CTP
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pHBD-USDC is one of the rare stable pairs have quite a big APY. It is really an undiscovered gem.
It is :) I actually want to add more to my little LP on it.
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I have just recently been dumping all my little HBD rewards into savings. There is no bank anywhere that can or will touch 20%. And yes, the control over my own money is a huge incentive. Might start using some of my dollar cost average to buy some more HBD and stash it away.
!CTP
That's nice! And true, no bank can ever give an interest like that. All the best to you :)
!CTP
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Thanks, @ifarmgirl! Have an awesome rest of your weekend. 😀
!CTP
Thank you too❤ Weekend was fantastic and am now welcoming the new week :)
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Yeah, me too! You're very welcome, @ifarmgirl. Yesterday was a holiday so I worked some of the day and enjoyed some of the day hanging out outside in the backyard. Love being the only boss of me. LOL Have a great week! 😀
!CTP
That's fantastic. Being your own boss is great. You get to do your own things when and how you want them❤
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YES YES YES! Exactly that, @ifarmgirl! Have a great day! 😀
I'm saving some of my liquid rewards in HBD at the 20% APR too. I think is a great deal. And even though we cannot be 100% confident, and today the value of HBD has not been as stable as we could expect;) I think it is a low-risk investment. But of course, everyone has to make his DYOR.
Have a great day, sis :)
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Yes sis, at least we diversify what we hold. I haven't checked the markets today. Busy with things offline hehe.
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You don't miss much without seeing the markets, sis. It's better to be a bit blind on that these days;). Better focus on accumulation, and that's it. Less stress hehe
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Hehe that's true sis. Haven't had the time to look at them.
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Thanks for this informative post about HBD. I just started my HBD saving since I got a reward in HBD as a contest winner weeks ago. 20% APR looks so promising.
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You are very welcome and wow, congratulations to your win on the contest :) All the best to you!
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I am very grateful that I have always been lucky since joining here, meeting good people, getting new information and even winning contests.
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That's awesome. Keep joining the contests and winning❤
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Yeah, I will.
Thank you so much for your support @ifarmgirl 🥰
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You are very welcome and thank you too :) Cheers🥂
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Cheers 🍻
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Well, having to keep reading posts like this lift my spirit up and makes me keep enjoying the benefits in saving HBD. I have come to enjoy it too and I hope it helps me in future.
Thank you PrincessB :) It is indeed good to have a piece of it hehe. Take care :)
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It's my pleasure 😊
Cheers !LADY :)
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LOHtokens.@ifarmgirl, you successfully shared 0.1000 LOH with @princessbusayo and you earned 0.1000 LOH as tips. (1/7 calls)
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!1UP
Thank you lots❤
!CTP
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You have received a 1UP from @luizeba!
@leo-curator, @ctp-curator, @vyb-curator, @pob-curatorAnd they will bring !PIZZA 🍕
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Found you on Listnerds - yay!!
HBD is certainly a good stable coin. We learnt recently that not all stablecoins are stable.
Yay! Thank you❤ Yes, it's amazing how HBD is holding well despite the market being what it is these days.
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The HBD seems to truly be a stable coin. It is fairly stable in these unstable times. Thanks for sharing.
It is holding so well. You are very welcome and thanks too :)
!CTP
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