Some of you really do not understand what cutting HBD APR means. There is 7 million HBD in savings at this time.

Let's say you dropped APR to 4% as some of the commenters have said. Why would someone put their money in HBD savings when they can just buy some T-bills and have the same return?

Why would someone accept the haircut risk for basically no return?

Well, that would lead to a massive wave of HBD conversions, and at current prices that would be 145 million Hive.

And I am going to add that, I am no longer comfortable with holding HBD at 12% APR with %30 debt ratio looming closer. I'll be converting around 20K HBD in the next few days that are going to be dumped on the market.