GM fren, have a nice time with your family!
The 12% thing is random IMO, some witnesses increase it without asking somebody. IMO nothing that should happen. Sure 12% is nice, but what if it increases to a point it becomes unsustainable? Also what if it randomly decreases and hurts the value of HBD?
But for sure, for now it is really nice :)
How will it advance to the point it is unsustainable?
What level is that? Have you run some numbers to figure that out?
I have and 35% is more than sustainable.
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depending on the amount in savings + demand + timeframe + market swings.
A fixed number doesn't work IMO.
The problem with HBD is, it is a solid stablecoin. It's not backed by a promise, it's backed by hive.
So we should be careful. Also, the interest is given without adding value in exchange.
12% for liquidity provider hive/HBD would be a good thing.
IMO we are in a testing area.
Luna did the same with a Luna backed stable coin. I would prefer to watch first what happens there ( after a market crash) before we start crazy things here.
It's a very new way for a stable coin, so we should be careful to build the best version and not the fastest.
In terms of printing, If we want to print more HBD faster ( i not recommend),
We could airdrop over 12 months HBD to hivepower stakeholder. So the total amount increase. Because the % would depend on Hive power, everyone should have after the airdrop the same % in total.
But that would be IMO a super risky play, also the rates need to be calculated super smart.
Nope, it has been discussed before as far as I remember.
The problem now for HBD is the debt limit at 10%, I hope witnesses increase it up to 30% on the next HF (although 20% would be nice).
HBD in savings are almost negligible on the whole blockchain. I would like to see this 12% being increased up to 20% (or more) and start printing HBD.
More than ever, HBD is the 'killer app' of HIVE.
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