Posts

ASK LEO: 20% HBD SAVING APR OR GROWING MY HIVE POWER WALLET?

avatar of @peterale
25
·
0 views
·
2 min read

Source

Before this time HBD saving percentage was at 12 percentage APR that the annual percentage rate. So a decision was made by all witnesses to increase the HBD percentage interest rate from 12% to 20%, immediately it trended on the go on hive bkockchain. With all that being made, the steps and decisions made by the hive witness is to encourage people on how to save and earn certain anunal percentage rate on the amount of HBD crypto currency you are capable to save. Another for this is, reducing the amount of HBD conversion on hive blockchain. I wouldn't also deny that I wasn't on this track before, immediately my hive rewards token(HBD) drops, I wouldn't even think twice before converting it into Hive token.


MY DECISION PRIOR TO THE INCREASE IN 20% ANNUAL PERCENTAGE RATE(APR) OF HBD SAVINGS.

Has increase in the 20% annual percentage rate of the HBD saving changed my own decision? I think NO, because I have already made up my mind to grow my hive power(HP). That's the reason why I am staking or powering up heavily. Immediately my rewards drop from my contents,I always immediately convert my HBD rewards to HIVE TOKEN through the internal market. Then after that, most of my decisions have been to power up. Though I am not disputing the fact that the HBD APR saving is not a good idea, even to any other person but you know there are some decisions everyone has made before the increase in percentage rate of HBD which might not even change some people earlier decision. Just like me, my decision has been to improve and invest on my hive power over time.


Thanks for stopping by to view my blog. Please do have a wonderful day ahead.@peterale cares🤭

Posted Using LeoFinance Beta