1% can be a lot in $ for a transaction. And maybe pay another 1% to get back other stables again.
Not really competitive IMO.
And before you answer me: "Hey you can earn big % on this", it's bad for every other use case like using it as a stablecoin for purchases or transactions.
Most people use stablecoins for trading and not yield farming.
RE: My Hunt for HBD | Providing HBD Liquidity on pHBD-USDC is The Smartest Thing You Can do to Moon Hive