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RE: HBD interest rate is slowly changing

in LeoFinance • 10 months ago

I'm still not sold that having a 20% APR on HBD is making people come here and hold. In fact I believe it's one of the aggressive selling that happens on hive as I would suspect most heavy investors collect the HBD each month and then sell it off. I'm also not sold on people trusting it. I would imagine most seeing a crazy high APR like 20% and after seeing what happened with every other company that offered 10% APR or higher close up shop, rug pull etc. If anything it might look like a red flag.

10 months ago in LeoFinance by
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         9 months ago 

        Selling is not a problem with just HBD interest alone. It happens with Hive too or pretty much all the inflation we have including witness rewards.

        We are failing big time in onboarding and retention of users. At least HBD is making people hold some assets here hoping that gradually they get to know Hive. 20% APR is not the only selling point but that's an important selling point which no other blockchains have.

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