HBD Choice War Within the Hive Blockchain: The Battle Between 20% and 40% APR on HBD Savings - I Think pHBD-USDC Vault Will Prevail
Making the right choice is at the mercies of one's knowledge about that decision the individual is going to make. This means that ignorance of a thing can lead an individual in making the wrong decisions even when there are two options to choose from.
Over the weekend the Hive Witness unanimously agreed to the demand of the entire hive blockchain's request to increase the interest on HBD from 12% to 20% APY to help hiveians benefit more on their HBD savings.
This is an absolutely sweet decision taken by the Hive Witness, because many will be in demand for HBD and can't get the required number they want to buy, because the quality of HBD available within the Hive blockchain is limited and very expensive.
The question is who would want to sell his or her HBD when the person can make much profit out of their HBD savings. This connotes that there'll be scarcity of HBD, which indirectly inflate the price within the blockchain.
HBD is the longest standing algo-stablecoin in all of crypto. Yes, that is a fact. Most people have no idea that HBD exists. Even less people have ever tried to buy a large stake in HBD to deploy it for yield.Source
Making people outside the hive blockchain to know about will become paramount to the blockchain if we want to maximize the 20% APR in full force. Making the cryptoglobal to know about the HBD is to provide a high level liquidity and platform which hive blockchain cannot provide except partnering with other smart chains such as Polygon.
Polygon on its own has enough liquidity pools needed for mass adoption of the HBD in the cryptoglobal. Khal and the @leofinance front desk is providing an opportunity for the liquidity challenge facing HBD to become a thing of the past by providing an alternative HBD (pHBD) with a better percentage on APR.
The #Leofinance team is offering about 5,000,000 liquidity at the first stage of the pHBD project. This sum is very amazing because it creates freedom for people to invest in HBD and still make enough profit out of their investment.
With this in place, an investor can make a whooping 40% APR from investing in pHBD-USDC vault instead of the 20% offer from the native HBD.
Once this is actualized, it'll create a choice war within the hive blockchain. People within the blockchain will be set to choose between the native HBD and the pHBD-USDC vault. It should be noted that choosing any of the options will definitely bring profit, but one (native HBD) can limit you from purchasing the quality you desire.
I foresee a little challenge that'll emerge in the nearest future, it is the power of ignorance. We have said above that many do not know that they can make profit with their HBD through savings. Even after the hive witness have approved 20% APR on HBD savings many are still ignorant of that fact.
This means that to help the hive blockchain grow in this direction, we must create steady awareness on the benefits of investing or saving their HBD.
Many outside the LeoFinance community and probably #hodl aren't aware of this improvement put in place for their personal growth here on the hive blockchain.
I'll advise @khaleelkazi and his team to create Press Releases within the Hive blockchain about the intention of the community in respect to the pHBD-USDC vault and the opportunities it offers the entire hive blockchain.
Posted Using LeoFinance Beta