Hive HBD 20% Savings Account Yield: Proof of Concept

in LeoFinance • 10 months ago (edited)

Hive Savings Account Yield for HBD Savings

  • Hive has a stablecoin called the Hive Backed Dollar or HBD which pays 20% interest.

  • I wondered if these interest payments are regular, when do they occur and how much could I earn in a year.
  • So I did the math on 1000 HBD deposited in a Hive Savings Account, which at 20% should yield 200 HBD per year. And at 200 divided by 12 (or 100 divided by 12 and multiplied by 2) it should yield 8.33 x2 or 16.33 HBD per month.
  • Which is not enough to make you rich, but much better then the 0.5 to 4.5% you can get in a bank or other traditional financial savings account.
  • So as a proof of concept I deposited 1000 HBD in a Hive Savings Account, and decided to keep a record of my earnings or Return On Investment ROI each month for a year.
  • Now while 20% isn't much compared to BItcoin's 180& this year, but it is much better then the 0.5 to 4.5% you can get in a bank or other traditional financial savings account.
  • And it is safe from volatility and very liquid or as liquid as anything in the Hive Ecosystem is with all the delistings and closures of centralized exhcnaged which list Hive and HBD.

Results

  • The first month yield was: Estimated interest since last payment (Dec 6, 2023): 21.799 HBD
  • This was the wallet memo

Hive Savings
Balance is subject to 3 days withdraw waiting period.
HBD in savings increases at 20.00% APR as defined by the witnesses
Estimated interest since last payment (Dec 6, 2023): 21.799 HBD
0 HIVE
1,000.247 HBD

Happy First Month

  • I am happy to have under estimated the return.
  • I earned 21 HBD instead of my estimated 16 HBD.

Graphic Illustration

  • Then I decided to create a chart to graphically illustrate the interest payments.
  • I have never used the Peak'd Graphing function before, so this is my first try. Anyone who wishes to provide pointers in the comments , go right a head, there may be some coin in it for you.
CapitolTime PeriodYield
1000 HBDDec 6th to Jan 6th21.799 HBD

Last Words

  • It seems that HBD is indeed a good investment.

Posted Using InLeo Alpha

#hbd-yield #gems #ocd #brk #thrive #leofinance
10 months ago in LeoFinance by
$9.21
164 votes
Reply 1
Sort:  
  • Trending
    • [-]
     10 months ago  

    Congratulations @shortsegments! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

    You distributed more than 93000 upvotes.
    Your next target is to reach 94000 upvotes.

    You can view your badges on your board and compare yourself to others in the Ranking
    If you no longer want to receive notifications, reply to this comment with the word STOP

    Check out our last posts:

    LEO Power Up Day - January 15, 2024