Everyone is excited by the new 20% HBD savings rate, so I thought I would write a post explaining how to acquire HBD, the next post I will explain how you can use it!

How to get it

I have listed the methods below, in order of the cost in terms of fees. Note that just because the fees are less, doesn't mean that is the best option, the price could be higher at the time as the markets are not 100% efficient.

Write a post on Hive (free)

Probably the easiest and the most cost effective way to acquire HBD is write a post on hive, and seven days later you will receive half your rewards in HBD. I post everyday on actifit, and I usually earn about $ HBD per day just by posting my steps and engaging with the community.

Even better start posting on leofinance, and engage the crypto finance community, sometimes you may even get more than $10 of HBD for a post that engages the community and gathers up likes.

Buy pHBD on polygon, and unwrap to Hive (0.3% swap fee 0.25% unwrap fee)

Thanks to Polycub and leofinance, there is a new option to buy HBD, and that is on polygon, through the sushi swap (https://app.sushi.com/trident/swap?tokens=0x2791Bca1f2de4661ED88A30C99A7a9449Aa84174&tokens=0x6D969cEA201e427d2875724Fd4E8044833fBc7f4&chainId=137)

Make sure you add the pHBD token (0x6D969cEA201e427d2875724Fd4E8044833fBc7f4) to use it.

So far there is $230k of liquidity, which means you can swap $1000 for about 1% price impact, however there is demand for HBD at the moment, which is pushing the price up on polygon network, to about $1.03 for now (definitely an arbitrage opportunity for someone that wants to move funds between the chains). the best I could do with $1000 was receive $964 HBD, after fees.

Buy SWAP.HBD on hive engine (0.75% fee on withdrawal to Hive, 0.25% fee to swap)

There are two ways to buy SWAP.HBD on hive engine, the first is by using the order book market (https://hive-engine.com/trade/SWAP.HBD), where you can exchange hive for HBD, but this market is quite illiquid, and you can expect to pay a big spread on your price, as an example, there is about a 10% spread between the buy and sell price, and the total market depth is about $600 at the moment, shown below

the other way to Buy SWAP.HBD is to use the liquidity pools, I use the beeswap interface (https://beeswap.dcity.io/swap). As you can see below there is more liquidity here, the hive/HBD pool has $135k of liquidity and the HBD/BUSD pool has $47k of liquidity. There is a 0.25% fee to swap on these pools

Hive native process for converting Hive to HBD (5% fee)

This process mints new HBD through the hive witnesses, and can easily be accessed in most hive front ends, such as peakd.com

It takes 3.5 days to process, and charges a 5% fee so is meant as a backstop to stabalise the HBD price. This warning on peakd.com explains when to not use this process