These are so catastrophical and so early conclusion it makes entire article unreliable in my eyes.
FWIW, I carefully watched the effects of the interest increase on HIVE and HIVE-Engine for 14 days before writing my post.
If you look at the price of coins on Hive Engine; you will see that most of the coins tumbled after the increase in interest rates. For example POB dropped to 0.009.
If you look at the history of honey.swap, which is the primary mechanism for moving funds between HIVE and HIVE-Engine; you will see that accounts started pulling large amount of funds from HE after the announcement.
HIVE is the base currency of HIVE-Engine. So the HBD interest is the most likely cause of the drop in the price of the coins on HE.
BTW, the price of HIVE dropped from $1.20 before the announcement and is just $0.85 . This drop might be explained by an overall drop in crypto.
I looked at the prices on HE for a long time before wr9iting my post.
Posted Using LeoFinance Beta
I read your article and I can see the same effects, but in general I cannot agree on the analysis of cause.
The price of basically every crypto asset droped during last weeks. It proves nothing. Still, the timeframe is to short to pull such big claims. Please, take it as a friendly critics.
And HE tokens? I'm engaged in these and the drop of price is not change of the trend either. And POB specifically might be dropping from lack of leadership not HBD APR growing.
We would see a bunch of different metrics going crazy in such case.