Building wealth, one $HBD at a time!

Hi HODLers and Hiveans,

This will be an appreciation post to myself and Hive ecosystem which allows me to save some of my Crypto Wealth and earn with HBD Stablecoins.

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As a starter, I want to emphasize that holding HBD is risky as it is only backed by our abitrage system and HIVE creation. There is a risk that Hive and HBD could go in a death spiral. However, as HBD is backed by HIVE which has value as it used for all our Web3 dapps, I believe there will be some underlying value dut to our community.

Nevertheless, we could see HBD<$1 for long period of time. So Beware: "There is no free lunch".

I have been adding $HBD through my post rewards and sometimes buying some extra on the market. My goal is still to reach $10k by year-end and I am in a good position.

As I have recently shorted (sorry Bros...) the market, I plan to bring an additional $1k to store in my Savings. I will be around $2k and there are 9 months left.

A few hours ago, I was paid my HBD Saving Interests: $10HBD just for holding stablecoins in a bear market is very tasty!

As of today, I believe the HBD Interest payments are sustainable. @dalz published some metrics a few weeks, months ago showing that we were paying <$100k HBD per month. As it stays under $1mn, I feel pretty confident in the risk/reward potential.

Bought some more with some spare HIVE tokens

I have been raising the question if we needed 20% APY to attract newcomers. I would prefer to reduce it to 12/15% APY and lower the risk that the payments would baloon out of control.

What are your thoughts?

Stay safe out there,

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