HBD APR Increased to 7% - A Solid reason to Hold Hive Dollar

Hive Backed Dollars (HBD) is known as a stable coin on Hive blockchain and we get rewarded with this along with HP through post rewards. Since its a stable coin so its expected that the HBD price will remain either $1 or close to this price range. We have seen some pump in its price earlier but nowadays trading between $0.90 to $1 and through some fluctuations.

Now HBD APR has increased to 7% which is quite impressive. Earlier it was approx 3% and with the recent change, it has become quite impressive. 7% APR is certainly very good and I am sure that people would love to hold HBD for now since they are getting impressive returns. I noticed this change today so I think that it has happened recently and many of you might not have noticed this change.

I have also received interest for holding HBD and seems it was based on the prior percentage. HBD is like the dollar and its always good to hold as much as we can and with increased APR its a great deal.

Here in India, banks are paying 5-6% per annum on fixed deposits so if I do the comparison then I am better way better here and above all this does not require funds to get locked.

Sometime back I read one of the posts in which there was a point to increase HBD APR and I was thinking that it will happen later and that too probably after hardfork but this has been done silently. We already have an HBDstabliser program that is working to keep HBD price stable but I think that with this increase more people will hold HBD and it will make the price stable anyways since the selling process will reduce.

In simple words, I can say that I am earning more than what banks pay. People ask why crypto is good and I think that this one of the reasons that make crypto a better place for everyone since we get a bunch of better opportunities to earn impressive returns and that too with full control on my hand.

Do you like it and what are your thought about this change? Are you going to hold your HBD here or this increase does not interest you.

Thank you so much.

Stay Safe.