HBD is 11% above the peg! Turn the printers on!

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HBD high yield rate is both a blessing and a curse, as I have explained on my post about HBD's sweet problem.

HBD not only stood stable above $1, but it is now daring to hover above $1.10!!!!

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To not repeat myself too much:

  • HBD should be 1:1 to the dollar
  • HBD yield is a tool to control price
  • Because HBD yield can be lucrative, it can increase demand and consequently drive price up

Like I said in the previous post, every possible solution has pros and cons.

I myself, as a witness, chose to use this increase as leverage to attract new users to Hive using HBD yield, that is why....

I am not voting for a 15% HBD yield rate

As a witness, instead of the current 10% I was supporting, before, a 12% yield, but because the price continues to go up, I think we can take this dramatic step.

It is not that much

We went from 7% to 10%, that is an almost 50% jump, and HBD was below $1 at that time. So I believe it is not a bad choice to go from 10% to 15% to a few months, and see how the market reacts.

Share your opinions, and if what I say makes sense to you, consider voting me as one of your witnesses!

Click here and vote me for witness on HiveSigner

Or use your preferred signing tool to vote me:


https://vote.hive.uno/@igormuba

HBD is 11% above the peg! Turn the printers on! | Ecency