I see that the #Magi platform !INDEED allows staking of HBD (therefore earning 15% APR interest) there while still being transferable on that network. ๐ค๐ @savvyplayer told me to test that platform, where I successfully deposited 1 HIVE. ๐๐ I would have deposited 1 HBD there and staked it, though the Hive blockchain currently does not issue HBD as author rewards, so I would need to ask @savvyplayer to send me 1 HBD to continue my testing on #Magi. ๐คฏ๐ธ๐
!LOLZ
Yep, it does, though I haven't tried to stake it there yet. ๐๐๐โจ๐ค
!INDEED
!LOLZ
I found out that every 1 HBD in a #Magi account adds 1 to the maximum Magi Resource Credits for that account (where Magi accounts that are also Hive accounts have a bonus of 5 max RC, and RC takes 5 days to fully recharge much like Hive RC). ๐ค๐ค
When I staked that 1 HBD however as sHBD, my max Magi RC got reduced by 1, showing that sHBD does not contribute to a Magi account's max RC. ๐คฏ๐๐
Yes, the 5-RC bonus for Hive accounts is very helpful. That's what I figured, but it's good to get confirmation. ๐๐๐โจ๐ค
!HOPE
!INDEED
!PIZZA
!WEIRD
My sHBD on #Magi did not get increased by the 15% APR (which is 1.25% per 30 days) even if it has already been more than 30 days since I staked my HBD there, and I didn't see a "claim sHBD interest" anywhere on its official website either. ๐ค๐ธ๐คฏ๐
!WEIRD
!HOPE
!INDEED
Hrmmm...that's curious. I'd say that you should mention it on their Discord server, but I know that you're not interested in using that. ๐๐๐โจ๐ค
!HOPE
!INDEED
!WEIRD
Let's hope that the #Magi (formerly #VirtualSmartChain) team publishes posts (and comments) more actively here on Hive! ๐ค
They're publishing new posts on @magi.network now. ๐๐๐โจ๐ค
!ALIVE
!BBH
!HOPE
!INDEED
!WEIRD
I noticed that they were inactive for about 17 days, though they published a comment about 5 hours before your comment there !INDEED. ๐ค๐คฏ๐
I noticed though that when depositing HIVE or HBD to the corresponding #Magi account of a Hive account, the Magi RC does not get reduced. ๐ค๐
Anyway, I edited my previous comment to add the word "maximum" or "max" before "RC", because there is a (huge) difference between "1 RC" and "1 max RC" !INDEED. ๐คฏ๐๐ค
!WEIRD
!HOPE
!PIZZA
The RC balance for Hive accounts on Magi never decreases below 5 RC, but it can of course rise with more liquid HBD.
OK, and true. ๐๐๐โจ๐ค
!HOPE
!INDEED
!PIZZA
!WEIRD
I assume that you forgot to add the word "max" before the term "RC balance" on your comment there. ๐ค๐คฏ๐ค
Someone who would like to test more than 5 transactions in 5 days would !INDEED need to deposit more HBD to their own account on the #Magi network. ๐ธ๐คฏ๐
!WEIRD
!HOPE
!PIZZA
I didn't mention it because it was assumed.
Yep, indeed, true. ๐๐๐โจ๐ค
!HOPE
!INDEED
!PIZZA
!WEIRD
Speaking of HBD, it seems !WEIRD that the price of the HBD token according to #CoinGecko is about $0.83, but the Hive internal market shows that it is close to $0.97. ๐ธ๐คฏ๐
!LOLZ