How much APR on HBD savings? by @liotes on 3Speak
▶️ Watch on 3Speak --- We all suffer from low Hive prices and there are several reasons for them, the crypto markets in general, the DHF, the HBD, all contribute and for some things we have no infl...
Tags: #tribes #bbh #alive #proofofbrain #pimp #archon #cent #ctp
Hello and welcome to another Lyotis mission. So today you see we have a little bit a different setup. Today we are both together because we want to ask you a question that is related to the project in general and we would like to give you some background on this question because it's quite important for us, it's important for you and also for Lyotis in general. As you know, hive prices are not doing that well, and everybody is complaining about DHF and the HPD, and therefore, we wanted to set a sign. So there's not much we can do about the DHF, but there is something we can do about the interests that are paid on HPD. So maybe... Zoltan can give you some information regarding that. Well, the main thing is that it actually doesn't matter personally for personally like a Lyotis. It doesn't matter what we are signaling because only top 20 are counted for the medium APR for what will be actually for everyone for HBD savings. At the moment we are showing 15%, but as I said, it doesn't matter if you show like zero, it will not count anything for that. But on the other side, we would like to send some kind of a message. So, and that's one of the things why we are coming out with this mission. So what will be today's mission? Like, Akim, because you are always sharing the mission, so. So today's mission would be actually for you to tell us what rate we should do. Should we keep 15% IPR and status quo? Nothing changes, but we kind of all go on like nothing happens and in a way, is that what we want? Or should we decrease? Should we go to 10%? Should we go to 5% to 7 % or even to 0%. So that's why. I think you guys are voting for our witness and it's our task to actually ask your opinion and that's the mission of today. So, for truth this week, simply write the rate that you would like to see for the Laiote's witness and we will then see whether we kind of find a common ground around the new rate. Would you like to add some things, Zoltan? No, that will be all for this, I think. Let's keep it short and let's see what people are thinking from the community. Thanks, everyone. See you in the next Lyotus mission. Bye-bye.
@ervin-lemark: Frankly, I don't care !LOLZ Why? Because I unstaked all my $HBD savings and will try to sell it. How and to what, I don't know yet. It is panful to see how un liquid $HBD is. I sincerely wish all the best to all who have high numbers in $HBD savings and will try to sell it one fine day. Good luck! Ps: my meager move won't influence global $HIVE/$HBD economy yet my conscience is clear from now on !LOLZ !BEER
@hirohurl: At the end of last year I published this blog post about how HBD seemed to be pulling back from getting a "haircut" and included an explanation of what the "haircut" is: So far this year, however, the debt ratio has kept on rising to new highs and is getting closer and closer to the 30% haircut trigger. The screenshot shows the current situation: It's worth listening to @starkerz to understand why this is bad: Given all that, I think the interest rate ought to be lowered to 10% for now. However, one objection to dropping the interest rate when the price of Hive is low is that it could cause investors to sell and leave Hive altogether instead of selling HBD to buy cheap HIVE, thereby driving the price of HIVE even lower. Of course, even cheaper HIVE would be a compelling buying opportunity. Also, if the haircut kicks in, HBD investors won't be getting any interest payments at all. !PIMP !BBH !ALIVE
@blitzzzz: Tbh, as much as anyone would like to lower it to <10%, it would provide no compelling case to anyone looking for such yields. Just take MSTR's lineup of preferred stocks, STRK, STRF, STRD, and STRC. They offer an APR of 8 12%, have good liquidity, and are traded worldwide in the stock exchange. Why would anyone want to put their money into a much lesser known and significantly smaller pool like HIVE? More risk, less rewards. It's dead from the get go.
@thebighigg: I think at this point the only reasonable level would 5%, even with that it will be increasing debt but not nearly as quickly. Once that 30% debt level is hit things will get really ugly if HBD loses it's peg...
@rimurutempest: If HBD is pegged to a dollar I don't see why it need to have an APR 3x the dollar APR... It should be dolar APR + Bonus of risk for being a crypto dollar.
@darmst5339: With the haircut in mind.. the interest rate impacts debt ratio (my understanding). To support the process, signaling a lower rate would be best. Maybe 10% to start... If debt ratio continues upward, lower rate signal more...
@seckorama: I don't believe this change will affect Hive's value, so I would leave it as is. In any case, I am not in a position to decide anything about this. Will the witnesses agree, or will each have their own opinion, and the median of those twenty will decide?
@tengolotodo: I remember when we were all urged to goto Twitter from Dan and Starkerz and combat people's tweets about 20% being unsustainable etc. From the outside it looked a ridiculously high APR and smacked of a PONZI. I would put it at 5. I just hope it stays at peg for those savers.
@keithtaylor: It was good to see you both in the video. I was happy when the rate was 20%. But I have to admit I don't really understand the economics of HBD. Anyway, I now swap HBD for CTPSB when I reach the minimum value of 1 HIVE set by Keychain. !BBH
@stresskiller: i have mine at 10% other people say it should be a lot higher again to atract people but i'm not an economist i'm just a witness and if i only get 2 % on my savings at the bank it's hard to belive that 15% is a normal thing for hive HBD .
@mypathtofire: Good to see you both together! 😀 I would like to see all HBD burnt, but i guess 5% would be the sensible solution for now.
@bulliontools: It's fine as it is. What we need is a better APR for staking HIVE so people are less likely to dump it.
@toofasteddie: 15% would be ok IMO, the pressure is coming because other more important things as the payments for proposals
@travoved: Hmm I think it worth stay at the current point, and wait till May or June and if nothing will go in right way you can move to 12%
@palomap3: How great to see you two together in the video!! It was juicy to get 20% APR for HBD, even 15% is. However, offering such a high profitability does not help the staked HIVE look attractive. I think that the APR of the staked HIVE should always be at least twice the APR of the HBD. I would like 7% better.