Over the weekend, blocks validators (Witnesses) on the Hive blockchain came into consensus to raise the interest rate paid on HBD stablecoin from 12% to 20%. There were suggestions and discussions on the subject. Some witnesses were already signaling their intention to adjust the rate parameters to 20%.
HBD is the native stablecoin of the protocol and its usefulness is often underestimated. It offers following benefits to the social media users:
- Stable and pegged to USD
- 3 second transfer time
- Zero transaction fees
- Bi-directional internal conversion (HBD/Hive)
- Savings security function (3 days)
- Stable and reasonable interest rate.
- Interest rate determined by the community.
Investing on Hive blockchain through HBD stablecoin is the simplest and easiest way. It’s a low-risk DeFi product.
To benefit from the new 20% rate, your HDB must be in your savings account. The interest is paid monthly.
At the moment of writing, HBD price is 0.96$ and current supply is 24,422,418.