HBD interest claiming day and 10,000 HBD goal for the year
What a great day to wake up in the morning, on a Monday and see your HBD interest ready to be claimed. A month has passed since the 20% APR was upvoted by the witnesses and now it is more than appealing to put that into the Savings account for the hefty return that is provided. Up until now, I was gathering my HBD but the previous APR of 12% didn't give me high hopes of accumulating fast an important sum. But with 20% APR now that makes it much better and I predict that more people will change their habits on Hive blockchain from converting HBD to HIVE and keeping the HBD and maybe also reverse the exchanges in order to accumulate more HBD.
So today I was able to Claim the Interest generated over the course of a month and it totaled 18.547 HBD pushing my HBD in Savings to 1,216.442. As I was required to manually claim the interest, I think that a good feature would be if we could opt-in to auto claim it. Combine that with the fact that it goes straight to HBD Savings and that makes it an auto compounding mechanic that simply keeps ongoing and builds up, even if you are not around to manual claim it. Would get pretty close to current DeFi compounding features from the crypto space.
With the new 20% APR on Savings I have upped my goal to reach 10,000 HBD by end of the year. At the moment I am standing at 12.16% of this goal and I know it is a big challenge to achieve it, but if you don't dare to dream big you will achieve nothing. In order to reach this goal besides the interest that will keep on accumulating each month and the HBD rewards that I will be earning from content creation and curation, I will need to find new sources to pour into the HBD Savings account. I have identified some such sources as being from blockchain games (mostly on Hive), Liquidity Provider earnings (from TribalDex - Diesel Pools) and might also convert some of the Hive earnings to HBD as well.
I have 8 months remaining until the end of the year and that is a big undertaking to reach 10,000 HBD, but let's see if I can make it or not. I wonder if you set any goals for the HBD stablecoin from your portfolio and will be glad to hear your thoughts about it.
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I believe if one keeps pushing he can achieve anything he puts his mind to.
It's very much possible for you to achieve that goal before the year ends, with the right effort and doing the hard work. !PIZZA
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Right, if you push beyond your reach I think you will do more to get there. Let's see how much have I stretched my goals.
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There are a lot of options with Hive. Many are now focusing upon HBD which is tremendous.
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That's huge. I think maybe I can get to 4k at best before the end of the year.
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Go big or go...bigger! Let's see if I can make or get close to that. Wish you smooth sailing to 4k.
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That will put you in great position entering 2023.
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This will be exciting, I'm hoping I can reach this goals by the way.
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I think 10k should be possible for you if you are consistent and any HBD interest you get will also compound. So it should get easier to reach your goal later in the year if you add more in now.
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Yeah, I need to do a lot of additions besides the compounded interest to get there. But I am all in for the drive!
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Still have 7 months to compound what is being added each week.
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It is possible. You should never underestimate the power of compounding !
That's true, the compound is sweet and if I pour more HBD into the HBD Savings day after day, I will only get closer to my goal.
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Well over the short term, people tend to overestimate it.
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Really a fast one that a month has passed already.
That's a terrific goal. Congratulations man on that beautiful journey.
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Time flew. I thought it was only a couple weeks ago.
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While i get the use of having an auto claim,
i feel with the fact it would just gather interest that claiming once a month keep everyone honest.
BUt good goals to aim for :)
That's a challenging goal! I hope you can make it because it will be very rewarding in the long run
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Well it is a short term goal. For compounding to really work, it requires a lot more time.
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Cool, it remains to look in your pocket for 18K and repeat your path).
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10K is an important goal, hope you get it!
I’ve also had this target on my mind but I’ve been a little distracted with other attractions and slowed me down a bit. But the goal is still on. Goodluck
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Keep focused.
You must keep track of all your financial soldiers you send out each day to acquire more.
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Thanks tasky I’ll do that.
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You future self will thank you.
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Hmm, mine says that I still have five days until I cam claim. That is weird. Congrats though and good luck on reaching your goal!
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They are all at different times.
It is based upon when you first moved something into savings.
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Ah, okay. That makes sense :)
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Hard to tell where you will be in a year but over time, it is going to keep growing. A 20% return will lead to enormous sums for you over many years. The compounding over a decade can really be enormous.
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As there are 249 days remaining by EOD and as I need 8,800 HBD to my account that would mean about 35 HBD per day. That's pretty huge, but probably I will tap into other revenue streams to make it happen.
And indeed, in the long term, this investment can be life-changing.
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I am not saying it isnt possible. There is a lot that can be done to add to it. We all have different streams coming in on Hive. I have been taking some HE tokens I dont want and selling them, moving over and buying HBD.
20 HBD here and there will add up over time.
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Some real HBD 20% interest payouts in the wild ;)
Very cool!
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Nice. I actually like this hbd savings especially with the 20% Apr on it.. it's is what a local bank cannot offer to it customer
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Awesome 👌
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I am cheering for you and hope you achieve your goal of 10K HBD by the end of the year.
Great goals !PIZZA