These days, I was talking to a friend who I have invited more than once to join Hive and enter the cryptoverse, but who has never been very convinced. The conversation started with a somewhat sarcastic attitude on his part, asking me about the fall of the cryptocurrency markets until we got to the topic of stablecoins. We were about to change the subject when he asked me how I was doing in Hive. My answer was, terrific. And by the way, did you know that with HBD, the Hive stablecoin, in my savings, I am earning a crypto interest rate of 20% APR.
He looked at me somewhat incredulous, but as we talked, he became interested. Living in a country with a highly inflationary economy, we don't let pass that kind of opportunity.
And speaking by myself, I have not found a better interest in crypto at this moment. It is a unique opportunity that is right now within our reach, so we better benefit from it.
And this is not some sort of mantra. HBD, from my point of view, is the best among the top stablecoins. And I can save it with a great interest rate with a simple internal transaction in my HIVE wallet.
Let see.
20% APR on savings, for about two months now, by consensus of Hive witnesses. This is the interest rate we get from saving our HBD in our Hive wallet. In which bank do you get a similar return? None.
The interest rates that the banks give us are not only derisory compared to 20% but also ask for minimal amounts. For the equivalent of my 210 HBD in dollars, they would not give me anything for such a small amount.
It takes only three days to release the HBD from the savings.
If I don't add any more funds to my HBD account than the monthly interest, in 12 months, my 210 HBD will have been turned into 256,07. Not too shabby.
And if you want options other than HBD savings in the Hive portfolio, you can also wrap your HBD into pHBD and enter a Defi pool with a low risk of impermanent loss, the pHBD-USDC pool and get Polycub as compensation for the performance of the liquidity pool. At the time of writing, the pool's APR is at 34.71%.
And to conclude, the potential of HBD goes even further. These days, I read a post about a Hivers meeting in Caracas, in which they mentioned that the place where it took place will now accept payments in HBD. The idea of this becoming a trend excites me and creates good expectations, and only reinforces that it's a great idea to keep a portion of my liquid rewards in the best stablecoin HBD and earn such a competitive interest rate on crypto.
Disclaimer. This post is in no way intended to be or is financial advice. And always remember to do your due diligence when investing. Always DYOR. And never invest what you are not willing to lose.
If you've made it this far, thank you very much for reading.
All writings are my own unless otherwise stated.
