In looking over the witness list, there are a number of witnesses who have their interest rate on HBD set at 10%. The medium is still 7%. There is even one at 12% and one at 15%.
I have a feeling it is going to head up over time. I wouldnt be surprised if a majority move it to 10% this month.
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I think most of them are motivated to make sure that HBD is pegged. In fact, I think most of the major stake holders who probably know the top witnesses probably want that to happen. If it helps, I don't see why they would refuse.
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I am not sure how much the interest rate will help with the peg but if it pulls HBD off the market into savings, it cant hurt.
I think the potential for it as a stablecoin is massive. We simple need to start framing it properly.
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Now if we could just get the South Koreans to put it in their savings that would be great! They are the biggest speculators but then again I am not sure how many actually have a HIVE account.
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Well since they all have Steem accounts I would say they do. However, they are not really tied to Hive. So I think they just play the speculation game.
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Agreed. It probably needs to be a minimum of 10%. There are quite a few defi projects with stablecoin pairs paying upwards of 20-30%. This is obviously not a defi project, but still, if the goal is to make it competitive and have people accumulate HBD for use in the ecosystem, then it will probably have to go up.
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I think a quick 10% makes sense and then sit for a couple months to see how HBD responds and how much gets locked up.
Then, maybe Sept 1, they can look to add another 5% to it if needed.
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But how much HBD do we need locked up for them to feel safe about it? Also it only takes 3 days to take it out so it could be removed if some FUD happens.
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Yea, I think 10% is around the corner and perhaps even more in the future
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I think it is better if HBD earns interest even when it is not put in savings. 🤔
Better than a bank that is for sure. I have my little bit of HBD in savings. That is where I will be putting it from now on.
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