I have seen many tweets and even posts about the upcoming change of APR on HBD savings. It was revised to 15% first and now it's 20% and this is decided by a majority of the top 20 witnesses on the chain. This is a major shift that happened from 12% to 20% and this is such a great change. With any investment, we always expect a better reward apr and this is something that plays an important part in the investment.
These days more people move to stable coins to earn a decent passive income through stake and HBD is a decentralized stable coin. It's expected that the price remain close to $1 and we have seen it quite stable in this range. A little fluctuation is normal which happens even with other coins like USDT etc. As of now LUNA and UST etc are offering better returns as compared to other stable coins. It's a great time to share that now HBD apr is now 20% and I don't know any other platform offering this kind of APR. We can check the current apr in peakd wallet -
We can earn around 8-10% apr with HP and there is 2.84% apr earning on top of the curation reward so if we add it all then we can earn approx 12-13% but now with HBD saving APR, this is not that much good. I think now more people will prefer to have HBD coin in saving to earn 20% as this is so good and even much better than what we can earn with hive power and curation.
I had started my saving journey on HBD recently and now with this shift in APR, I am going to focus more on this side. I have added 100 HBD just now and I will continue to do more in the coming months hopefully, with this, I will be able to achieve a good holding on HBD tokens.
This is an update or news that should be spread all over to bring more attention and I am sure that more people would love to earn 20% on the stable coin. 20% interest earning is huge and it's more than 3 times of what people can earn in banks. Even in India if people go with this and after paying 30% tax they will be able to earn 14% income. 14$ after-tax deduction is a great option and doubles of what banks pay these days.
Ragnarok game is coming soon on HIVE and this will also increase the use case of the tokens so I can see that in the coming month's utility of HBD is going to be high. Keeping the tokens staked in saving and earning 20% is great but I also look forward to how the Ragnarok game is going to bring more value to this decentralized stable coin on the hive network. There are very few stable coins that are decentralized so we can rely on this because there is no single entity or company operating behind the project.
So what do you think of this change and how do you see things to bring more value to HIVE.
Thank you so much
Stay Safe
Posted Using LeoFinance Beta
