The 20% interest comes at a cost. It created downward pressure on HIVE and HIVE-Engine. I believe that the downward pressure cost more than we received in interest.

I think that most of the HE coins are marginal. The coins were bound to slowly lose money.

The funds for HIVE-Engine comes almost entirely from the HBD earnings on HIVE posts.

That is a huge number of users were moving their HBD earnings into HE.

It is easy to prove that this flow stopped by analyzing the actions of Honey.swap. Honey swap is the primary mechanism for moving funds from HIVE to Hive-Engine.

After the witnesses raised the interest rate to 20%, the flow stopped. In some cases it reversed. People dumped their SWAP.HIVE and moved it back into HBD.

Again, I think the HE coins were marginal. But it was possible to make a little money. But when we stopped the flow of money into HE. All the coins went into free fall.

Even worse. There was a dramatic drop in the development of products on HE.

The 20% interest has come at a huge cost.

!PIZZA