If we ever hope to have HBD be taken seriously we need a lot of supply. DAI has 4.5 billion usd of stablecoins.
Also on Gemini you can stake stablecoins for 7.1% apr.
This is becoming more of a thing on exchanges and defi rates are way higher.
If we want to attract people to using HBD we need billions of it printed and put into circulation.
This could be done by reducing Hive payouts or curation rewards amd paying out HBD more or almost exclusively instead, thus making Hive more scarce as well and that benefits long term holders due to reduced supply.
Thoughts?
RE: Why I set my witness HBD interest rate parameter to 7%