I will reply to both of the comments in this one. I actually think that there are multiple factors that it seems that the HBD feels stagnant which i have a bit of a different opinion. If you check the number of savings accounts that exist we get to see that we reach a peak when Hive is doing great like for example in March we had 3285 accounts while currently the past months they dropped and constant talks about lowering the APR the savings accounts dropped from 2900 in June to 2838 in July and most probably will drop more in August and September. At the same time like it happened again in the past, it is a great opportunity for some to buy Hive cheap and then sell it for HBD when the price increases. That won't change even if the APR goes to 10% or lower. In other words that's a perspective and one of the different reasons why the savings accounts feel stagnant or drop. Note that last july we had a pump and the accounts were around 3000 at the time but comparing it with July 2022 when we again had a pump (which means increased accounts again) there were 2440 accounts. Currently in a gray period for hive we have seen a 16% in savings accounts since 2 years ago which is something. (ofc we don't know if some of these accounts are bots, communities etc etc).

Now regarding the link and the supply that has been going down lately, it's literally as stated in the first sentence of that post, due to the drop in price of Hive. The price dropped, people sold their HBD and bought more Hive, also the stabilizer bought some HBD. It would be great as you perfectly said, to see a comparison of how much hive powered up at the same time.

The reduction according to the stats is 0.7 million excluding the DHF. In general, the let's say interest per year that the current savings account is generating is around 1 million dollars HBD. At the same time yearly we spend, invest, name it as you wish close to 6 million HBD.

The conversation is basically about what's the point of having it at 20% while a few people or non are joining as a result of it and at the same time the supply is going down. I would say instead to argue about that amount, which attracts some people in my mind, provides them with some stability in the Hive ecosystem, or even acts as a complimentary benefit to someone that got into Hive another way, let's focus on the DHF first. Let people having the above, realise how many people are taking advantage of Hive and the HBD through the DHF if we sort these funds out i don't think 20% APR or even more would be an issue.

and right now it just feels like something people already on Hive would like to have just because it feels nice to earn a predictable amount in fiat compared to HP without caring where that value is coming from.

I can understand how you feel, especially since you have given so much to Hive and everyone in here and even though i haven't given even a 5% of what you have, i am here since the beginning as well so i have seen stuff :p People though don't care where the value is coming from and i am not talking in regards to hive, that applies to every crypto and mostly everything in general as well. In terms of value, a lot of people prefer some form of stability over constant risks and HBD provides that in my opinion. I will agree with the "can't move too much at once" opinion though!

I think i wrote a lot again and it may be tiresome. In any case, i don't see Hive going in a "good" and "healthy" direction, there are other areas that we need to focus, but i hope i am totally wrong. In any case, I am here for the long run! Have a great weekend and thanks for writing about a controversial topic like that, not many would do so!