The growing gap between Hive and Steem loans on DLease

I keep an eye on the going interest rates for Hive and Steem, when I first started watching about a year ago before the split Steem was at about 12% for the average APR for a loan on the blockchain. These loans are done through delegation and use of smart contracts.

DLease.io offers good returns when compared to other crypto APR options:

Ethereum 4.6% to 10.3% as rewards for staking (When Eth 2.0 is released)

Cardano Shelley incentivized testnet 10.25%

Crypto.com 8%

Tezos: 6% Yearly Interest

DASH: 6.5% Yearly Interest

Tron: 4% Yearly Interest

Cosmos: 8% Yearly Interest

Ontology (ONT): ~3.5% Yearly Interest

Current top requests for Steem loans on dlease.io

After the split Steem and Hive were pretty close together though over time Steem's APR grew to the high teens within a few months. Hive's has dropped into the 13s for the max, average being around 11 percent. But at this time of writing this post Steem's APR has climbed to 23% with an average of 16%. Anyone willing to take a big risk in my opinion can make some good rewards, thoug is it worth the risk of loosing everything on a Tron controlled blockchain?

https://dlease.io/market

Link to view DLease.io Hive market

This gap has been growing since Hive's launch and makes me think the following:

There is less powered up Steem on chain to support loans than before. Causing the APR to rise as bids for loans goes up.

Accounts are unwilling to power up Steem as it could be taken from them at any time. As we have seen Justin Sun do with 23.1 on the Steem Blockchain. After that occurred it seemed like the APR gap was forming quicker than ever.

Holders of Steem are unwilling to power up because of concerns of loss of value of coins. We are seeing post spam on a whole new level on Steem since most of the community has left to goto Hive. This abuse of the reward pool will cause a strong sell side for Steem and probably make the coins value drop as more is sold than being bought.

Even with the change to a four week power down, it really shows theres little trust on the Steem blockchain at this point. As risk is being shown in high interest rates on dlease.io

In my opinion Steem is currently one copy and paste away from a broken blockchain. And when that happens I expect the current Steem to be liquidated to Tron or some other coin. And I think many others feel this way too. Causing them not to hold Steem, making interest rates rise for loans on the blockchain.

This is my opinion and should not financial advise, do your own research and decide what is best for yourself.

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