Health Check
It is time for an another health check up for SL players. The last time I did this was in March 17, 2025. I believe this is an important check to do from time to time. After all hive paid us substantial amount of money from DHF so I want to check if common players are getting involved in hive and holding the token or not.
This is my standard chart, that I typically start with. This is HP along the X-axis (linear) vs Staked SPS along the Y-axis (log scale). The circle size are their hive reputation. Yeah, I know @tarazkp always show up disproportionately high, he is a reputed hiver! LOL! Outliers along Y-axies are vugtis and bravetofu. Outliers along the X- axis are me, yabapmatt and neoxian; and off course SPS.DAO! But at this scale there are no real surprises. Most of the plot is still empty!
Now we zoom in around 0 to 200K HP, and we get to see a lot of names there. Especially above 20K plus HP staked and 100K plus SPS staked, there are a lot of names.
Zooming further in, now focusing up to 20K HP, I see a lot of familiar names. I know quite a few names who moved significantly to the right on this plot over the last few months. @bobaphet, @beelzael, and @bravetofu to name a few. This is a very positive sign for hive at a variety of different level. The three names I randomly mentioned, different tiers of HP, and they are at hive for different lengths of time.
But they have one thing in common. They have powered up hive significantly. I am sure they have seen value in holding hive in their own way.
https://peakd.com/@beelzael/wallet > 5219 HP
https://peakd.com/@bobaphet/wallet > 9402 HP
https://peakd.com/@bravetofu/wallet > 87,250 HP
There are just random examples. However, the point is, these are Splinterlands players AND they are regular content creators who are holding hive and powering up hive as they believe in the greater good of the ecosystem and their personal investment success.
That ladies and gentlemen is how governing dynamics should work!
What is the investment thesis for Hive and HBD?
HIVE is a speculative, long-term growth asset. Its investment thesis is based on the potential of the Hive blockchain to gain mainstream adoption for decentralized applications, social media, and Web3 game and other app use cases. Its value is tied to the success of the ecosystem and is subject to the high volatility of the crypto market.
HBD is an algorithmic stablecoin designed to be pegged to the value of one U.S. dollar. Its investment thesis is distinct from HIVE and is focused on stability and yield. HBD maintains its peg through an on-chain conversion mechanism. Users can convert HBD into an equivalent USD value of HIVE, which helps to keep the price of HBD at or near $1. This mechanism is a key part of its design as a "trustless" stablecoin backed by the underlying value of the HIVE blockchain.
I have written a lot about hive in particular but not so much on HBD (Hive backed dollar). This is mainly because it was not easy to buy and sell HBD in the past. However, my friend @lordbutterfly tells me that within a few weeks there will be a new DEX launched on VSC network. There will be two pools, BTC-HBD and HIVE-HBD. This will make buying and selling HBD infinitely easier.
Here is HBD in savings for the splinterlands players. Most numbers are very low, especially considering that HBD pays 15% return just to keep the token staked. However, that is the opportunity statement. Since the number is low, there is lot of room for growth. For the record I only have about 1300 HBD in saving which is dismal, while my friend @bobaphet smokes it with 37,814 HBD in savings! I have my work cut out for me!
I think the main reason is the fact that most people don't know what HBD is and they are afraid of algorithmic stablecoin after what happened to Luna. However, since hive is small and niche. The issue that hinders our growth is the blessing in disguise in terms of safety.
It is important to understand that 15% is not exactly fixed, as there are risks for the APR to change and it depends of hive block-producers (witnesses). Also, there is always a risk for HBD to de-peg, however the have been near one for last 4-5 years. More details regarding HBD can be found here:
some of the info here is slightly dated!
Since July 2022, when we introduced the HBD stabilizer mechanism, the price of HBD never moved too far from $1, which is what a stablecoin should do. So, it is time to consider HBD in your portfolio, I know that I will be adding some to mine! Just give me an easy way to buy and sell HBD. As an investor, I might choose to hold HIVE as HP for capital appreciation and network participation, while holding HBD for passive income and as a safe haven asset within the ecosystem, understanding the inherent risks of a stablecoin and its variable interest rate.
Happy to see that I'm a positive random example! Most of that, though, is thanks to your demonic insistence on teaching me right and the angelic patience with my questions and human instincts. I'm very glad that you made me put in all the effort. It's worth it so much.
As for the value I see: It's not about the money in this. I did buy quite a bit of HIVE in 2025, since I figured out how to use Binance, but that went straight forward into my hobby, SPL. The value of HP is sustaining and supporting the community. Being able to curate what I deem good content. To appear in the notifications since my vote is significant enough for people to get that dopamine rush of an up-vote notification that I still feel every time.
As for HBD: Yes, a direct, easy exchange would be SO awesome. I know that the US is the main market, but something global would be even better, though I guess that's a bit harder to achieve. That would make it a lot easier to interest people in it. But it seems like some clever people are on it, so it's just a matter of time.
Angel and Demon in the same sentence describing me :) that is classic and very accurate!
I will show this to my wife, she will like it ;)
Around March 17 2025 I was around 10K HP today I am over 18K HP and should be past 20K HP by end of next month...
That is really good. Let me see if I can make a selective growth plot for a few key players.
Here, its easy, buy USDT (ERC-20), send to Binance, trade it for HIVE, send to slobbs. You just need a Binance that works. Thanks for reminding me, I just bought £200's worth.
Yeah! I am often envious how easy it is for you with Binance access!
I really like seeing these reports. If you have time and could show me where I land on the plot, I'd appreciate it. I've been working on increasing my HP and staking more. HBD I have hardly any, I'm still focusing on HP increse before looking at HBD.
You have no SPS staked, as per as my data............
No you don't plot unfortunately.
If this is a mistake please tell me.
I have 216k staked. Maybe it’s showing that way because I have some unstaking.
That makes sense.......and you are on the list
#655
Do you see yourself?
It is a lot of data, and sometime it is hard to label everyone.
Found it, thank you!
yes, you have a 2100 HP power up 6 days back, that is very good.
Good thing about hive is that people can check other's wallet freely and I in fact do it a lot. Therefore, this full transparency helps guesswork out of the equation. I can tell very easily who is just empty talk about their commitment and who is delivering and taking action.
You are clearly taking positive actions.
I'm always looking at this chart to try and see where my dot is. For now, I still take my rewards split btwn HP and HBD, staking my HBD daily for that sweet 15% apr and growing my HP to increase the value of my curation vote.
With my HIVE rewards from actively commenting and contributing content to Snaps, I've been powering up more HP almost every HPUD. I haven't come in with any buys, but that's because most of my loose capital continues to get invested into Splinterlands cards. Collecting all the Splinterlands cards is still my favorite asset accumulation.
I don't think I'll ever show up in these charts because my desire to collect the cards dwarfs the other tokens. I stake/power up what I can afford to spare, but it is just from creation and curation. The very modest SPS profits I take from my alt accounts (roughly 200 SPS per week) I typically use to buy little bits of SWAP.BTC
What I can definitely say with certainty though, is that I haven't taken any value off of Hive blockchain. One way or another money comes in, but doesn't come out.
3442 HP. It's crowded over there but if I get a chance tomorrow I can plot you.
Big change is coming to hive in terms of getting money in and out. I expect to see lots of people invest.
It will still be a slow grind for me as my primary investment on HIVE is the Splinterlands cards. Those are my true love. But I do allocate some to HIVE each month to take advantage of HPUD. Sadly, I don't have enough funds to buy it all because rent in Brooklyn is not cheap!
Thanks AZ! Lots of room to grow! Hopefully 5K HP soon!
I need to be more consistent with my writing!
Solid breakout as always.
Thank you. I don't know why people don't buy and stake more HBD (I know it is hard to buy and sell, but that is changing soon!)
I do a little every month, but my focus has been increasing my HP, for governance and to be able to make more meaningful upvotes.
HBD is genuinely a gem though 15% APY on a stable asset is virtually unobtainable elsewhere.
Here is what is currently available on AAVE (BNB) - the only assets that even approaches HBD for APY is USDT, which I personally don't want to hold.
What I found the last time I used a DEX or DEFI protocol for staking for APR was that transaction fees ostensibly made staking small amounts of any arbitrary asset a losing proposition. The transaction and platform fees effectively negated any gain.
This is where HBD shines. Even if a user can only stake $1 on a week it's still worth it.
With a flat 15% APY those dollars can grow relatively quickly.
Exactly, and it is feeless. It absolutely shines for smaller asset holdings.
People can buy as much hive as they like and use the conversion mechanism. HBD liquidity problem solved, right?
NO!
If I want a stablecoin, I need to be able to convert it to USD for free very quickly. It must show up at my bank as cash in zero days to 3 days.
Right now in the US, it is not possible. It is not possible to buy/sell hive from US. We are trying to change that.
To get out of HBD, back to hive, without liquidity for hbd:
7 days
3 to withdraw from savings
3.5 to convert from hbd to hive
It is better than a term deposit. I tend to plan my finances months in advance (and have no intent of liquidating HBD or HIVE anytime soon) - but the current timeframes are not an inconvenience to me.
Is a service like simple swap able to go HIVE -> BTC -> USD ?
What is is that you can't buy with USD that requires the conversion? :) Perhaps we should be able to buy things direct with HIVE! :)
I can't buy hive for free using cash............that is the problem in the USA!
Not the only one, as previously discussed in another thread!
There are only a few options in AU to obtain HIVE, as well. Fees everywhere!
I set solid goals for myself with HBD. First it was I wanted to have enough staked that I earned one per day. Then I wanted to earn fifty per month. I moved from there to 100 per month l, but that has fallen off a bit as I take advantage of the low Hive price.
100/month is great! There is no way I can get there :)
So I have to buy with cash. If they let me of course.
Yeah, I spent a lot of time moving all of my gains into HBD. Probably when I should have been growing my HIVE stake, but oh well. Even at 10% interest, it was a great deal.
Yeah, people talk about "rainy day fund"..3 months to 6 months to 1 year worth of expenses in a savings account depending on your life situation, economy, country etc. I hope we can provide people with confidence to trust our Hive-HBD ecosystem to do that. We we offer higher interest rate, and as you say even it is reduced to 10% it is still massive compared to any brick and mortar bank.
In the US it would be hard to move that HBD into anything physical in the case of an emergency, but I do hope that changes one day. Until then I just let it keep growing and throwing my interest back into it every 30 days or so.
This is also my problem. I've convinced my partner to use HBD for some safe interest position rather than a 5% CD, but getting her capital into HIVE is quite troublesome. At least with SPS on Base now, she can go through coinbase to buy SPS and then swap it for HIVE, which is a decent work around, but still a bit cumbersome with fees.
It is good to see people powering up… personally about vsc is the project that makes me bullish nowadays and these new LPs is something that might bring new people to the blockchain. LPs using HBD as pair is amazing… I have been trying some LPs with stablecoins out of the blockchain. Also I heard that in the future a pair with ETH is aimed that is so cool
I have been telling @lordbutterfly for ages, please give me a free and easy way to buy and sell HBD to USDC on my base wallet and I am willing to put $1000 each month every month!
I didn't think about that using VSC as an way in from other blockchains. However, as a DeFi explorer, I've seen some options available, so there are possibilities that can be implemented. Since it is possible to connect EVMs like Base Wallet to VSC right now (I've connected and it worked well), there are opportunities to explore. Maybe a bridge type mechanism which will receive USDC from base network, or arbitrium or whatever and you get HBD ...that would be cool, usually when I see this type of stuff it converts the original token to a wrapped version inside, so if that isn't possible we would need a HIVE USDC version which in my point of view isnt a problem I don't know hUSDC, which could be used inside VSC in swaps, pools etc. But I don't know maybe using a system to get USDC and SWAP into HBD shouldn't be a problem? similar to what we have at hive engine HIVE to SWAP.HIVE , mostly SWAP.HIVE is a wrapped version of HIVE inside Hive Engine right?
yes, swap.hive is wrapped hive and we have used it for a while.
Also a base wallet is just a metamask wallet, and I am told Hive:USDC pool is in the works shortly after they launch Hive:BTC and Hive:HBD pools.
@lordbutterfly is the right person to answer these things in detail and so I will defer the absolute mechanism questions to him.
Interesting! Yeah , that's why I am very excited about VSC news... It will bring a bit of novelty around here =) we need that!
What a dream. That would be perfect for onboarding fiat from USA!
Interesante la información y muy buena orientación