What Would You Do If You Had 1M HBD in Savings?

In this clip, Mitch and I talk about some pretty interesting news that's been circling around the Hive ecosystem.

A new whale has emerged. In the past, this would mean that a new account surfaced and bought a lot of HIVE and staked it to HIVE POWER and started voting..

But this is not the past... We're living in a new era for Hive. This whale has bought and saved a whopping 1 Million HBD.

In this clip, we had seen him with 600k. Recently, a few ppl checked his account and saw him climb to 1,000,000 over the past few weeks.

Many speculate he may also be a slight reason for HIVE pumping - since he has been buying HIVE On binance and moving it on chain to trade on the internal market for HBD.

We talk about this and speculate on the future SUCCESS of Hive with this interesting stablecoin model:

• We got a new whale in town that bought 600k HBD recently, his target is to stake 1.2M and if all goes well he'll aim to 4M
• Is it bad to have 1 person owning so much HBD?
• The MCap of HBD is 10.5M
• The worst case scenario is that he dumps and tanks the price temporarily, but it will eventually go back to $1
• HBD is debt to the Hive ecosystem, as more HBD is in circulation, that increases the median price that Hive needs to stay above of.
• Is the 20% APR for staking HBD sustainable?
• The debt Ratio of HBD vs Hive is 5%
• Dalz has good content on this, visit his blog to learn more
• We created a setup similar to Luna and Terra but without the Dead spiral, Hive can't fall like that
• Had Luna not crashed it would've eaten a lot more mCap, it was continuously mooning.
• If HBD continues this adoption trend we are not at risk of crashing like Luna
• HBD liquidity put into practice with this new Whale example
• Whale games and whale wars and how that affects the Hive ecosystem

About LeoFinance

LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage & share micro and long-form content on the blockchain while earning cryptocurrency rewards.

Our mission is to democratize financial knowledge and access with Web3.

Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io

Our Hive Applications

Join Web3: https://leofinance.io/
Microblog on Hive: https://leofinance.io/threads
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
BSC HBD (bHBD): https://wleo.io/hbd-bsc/
BSC HIVE (bHIVE): https://wleo.io/hive-bsc/
Earn 50%+ APR on HIVE/HBD: https://cubdefi.com/farms

Web3 & DeFi

Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:

CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
Multi-Token Bridge (Bridge HIVE, HBD, LEO): https://wleo.io