Well, the 2 main questions are if the risk is worth the reward and if there are other places that potentially offer a better deal. In terms of risk, I would say HBD is quite high, especially compared to some of the established backed stablecoins where you can also get some yield on. In terms of reward, I would argue that it's limited as there is no real world where HBD is going above 1$.

Personally I rather focus on things were there is upside price potential and where the yield that is paid actually comes from real revenue. That said, it is nice that HBD has managed to hold it's peg but from the way I understand it, the price of Hive suffers a lot from that.