RE: How much APR on HBD savings?

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RE: How much APR on HBD savings?

mypathtofire in Threespeak • 5 months ago (edited)

They removed the "haircut" a couple of forks back. As it is now, the "equity" Hive, is less than the HBD "debt"...

My calculation the Market Cap of Hive is 9.725M USD - HBD not in DAO = 10.4M USD... Hive/HBD in the DAO represents over 72% of the Hive supply... if they burnt it all, it would be like taking a chain away from around the neck of Hive... but still the debt is HUGE compared to the true market cap..

5 months ago in Threespeak by mypathtofire

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hirohurl 5 months ago (edited)

They removed the "haircut" a couple of forks back. As it is now, the "equity" Hive, is less than the HBD "debt"...

I talked about this to several people at Hive Fest and everybody discussed the situation as if the haircut rule still existed. If there is no haircut then the situation is worse than I realized. What's to stop us going the way of Terra now?
!PIMP
!BBH
!ALIVE

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mypathtofire 5 months ago

They are tied together, they go down with the ship.

I did the math on my latest post, you can check there...

Greets to Japan! :)

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hirohurl 5 months ago

Greets to Japan! :)

Thanks @mypathtofire - I can't find any info about the haircut having been "removed."

The haircut rule is still on the main page about HBD: https://hive.io/en/hbd/
It is true that the hard haircut was raised from 10% to 30%, and the soft limits raised from 9-10% to 20% (where we are now) by Hardfork 26, three years ago: https://hive.blog/hive/@hiveio/the-evolution-of-hive-hardfork-26

Has anything happened since then to change the rule? If so, where is the announcement?

Thanks!

!BBH

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mypathtofire 5 months ago

The haircut wasn't raised, it was removed, they lied.

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