Yep, I'd sure love for the APR on staked HBD to go back to 20%, or even stay at 15%, but indeed, 12% does seem to be the sweet spot, or at least not quite as bitter as 6%. You're right, if the APR goes to or below 10%, there would be little to no motivation at all to keep it in Savings. I know that I'd probably just convert it to HIVE and power it up. 😁🙏💚✨🤙
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In my opinion, the interest in HBD Savings should be more than the gains from curation and inflation from Hive Power combined, before most long-term investors on Hive would prefer to put their tokens in HBD Savings !INSTEAD of HP. 🤔🧘♂️💸🤯🤓
I know that @borniet would also be interested to see this comment. 😎😏
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The only problem with that is that HBD is a HIVE IUO, so Hive debt, which means that the more HBD that there is, the more actual and virtual HIVE must be created to counterbalance it. While it's definitely not the main cause, high APR on HBD in Savings has directly contributed to our exceedingly-high Hive Debt and HIVE inflation. 😁🙏💚✨🤙
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I have read from other people on Hive that before the Hive Witnesses reduce the APR in HBD Savings, they should first "fix" the problem with the Hive proposals getting "too much" HBD, and those HBD are "withdrawn" !INSTEAD of getting swapped/converted into HIVE and circulated around the platform. 💸🤯
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Yes, I very much agree with that, and actually the amount of liquid HBD has remained quite stable for a fair amount of time. It's the combination of low HIVE price, the total HBD supply, not counting the DHF, and the virtual HIVE supply, that has us in a very precarious place at the moment. 😁🙏💚✨🤙
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Indeed, and I think the majority of HBD that would still be in savings at 6% would be the "sleeper accounts", the ones that parked it here for the gains and nothing else. So basically, you'll be rewarding them less, while punishing the others...
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Sleeper or dead accounts, and indeed, 6% would be an unpleasant course of action. 😁🙏💚✨🤙
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