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Only 1/60th of Hive earnings make their way to HBD savings (at current Hive Prices)

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@revise.leo
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There have been an additional $1.5 million added into Hive savings since the beginning of 2022...

And I guess it's interesting to note that the steady accumulation started MONTHS before the interest rate was raised to 20%.

In the same time period there have been an additional 30 Million Hive's worth of Hive and HBD, with the supply increasing from 380 to 410 million (approximately) during the same time period, since the beginning of 2022....

With Hive sitting at around $0.35 this is equivalent to just over $100 million of assets.

So only around 15% of total Hive earnings are finding their way into HBD savings.

With that small ratio, it's unlikely that HBD is going to have much of a stabilising impact on the price of Hive, but at least it means we can still COMFORTABLY provide a 20% return given that it is such a small proportion of overall mintings!

I guess it's also worth mentioning that while Hive was $0.50 a much smaller proportion would have been going to savings.

However I guess if Hive dips lower we could see MORE going to HBD... on the basis that that's the second least stupid option after selling it, the least stupid option would be to start accumulating more Hive!

Sources..

Hive Financial Statistics

Posted Using LeoFinance Beta