Peakd have added order information into the wallet, which is good I guess, though not overly interesting for me - other than maybe to demonstrate what I do with my liquid HBD rewards, which is to buy HIVE with them as I get it.
Just to explain what is happening, this is showing the "match" between users, which in this case is a match-maker bot run by @smooth, but could be any other user on the platform who is buying or selling. This is my transaction showing where I am at the time, the current owner of 10.401 HBD and am looking sell it to buy HIVE. Teamsmooth-mm sells HIVE to buy that amount of HBD from me for 25.454 HIVE. So, we are actually both buying and selling at the same time - trading.
Selling for HIVE was especially beneficial when HBD was sitting over the dollar mark, as the rate to buy HIVE was very good, meaning that in HIVE terms, each post was worth more than the 50/50 split implied, as that is calculated on the price of HIVE, not HBD. The blockchain algorithms always assume HBD is worth a dollar.
What this means is that if HIVE is worth 1 dollar (we wish) and a post has a 10 dollar payout for the author at 50/50, There will be 5 dollars worth of HIVE and the equivalent in HBD. So, 5 HIVE/5 HBD. However, if HBD is valued at 2 dollars, the payout will still be 5 HIVE/ 5 HBD, but the HBD could be sold on the market for 10 HIVE. So rather than the equivalent of a 10 HIVE payout, it is actually a 15 HIVE payout. HBD has commonly been trading above 1 dollar for many months now, so I have been using the opportunity to buy more HIVE with it, effectively increasing my HIVE earnings.
Even though HBD is currently trading at 98 cents, because of the market dip, HIVE is trading even lower and the ratio is better than it was a few days ago, so I keep buying HIVE regardless, expecting that HIVE will increase more than HBD. Depending on what the rate of APY will be on the HBD savings wallet post-hardfor25, I may start buying some HBD back in order to stake it and earn on it. However, I will be waiting for a large pump on HIVE before I shift back.
If for example the mechanisms getting introduced to stabilize HBD work and the yearly return was 12% on it in the savings wallet, that is quite an attractive offer, considering it is a stable coin. This means that I would for example be able to hold some "close to fiat" value in there while earning a rate on it far above what a bank can offer me. However, how much I would hold would depend on various things, as I suspect that HIVE is going to increase more than 12%, meaning that it would be more valuable to hold HIVE. However, the markets are volatile and having a little stable coin can be useful.
On a tangent, if this became popular, there could potentially be a relatively large and growing pool of HBD liquidity that could be utilized in various ways for DeFi services, with possibly a greater degree of decentralization and security than the current pools, as each provider is behind another layer of their wallet keys. Throw in free transactions and I am sure that someone smarter than me can come up with a use for all of that close to liquid HBD.
But I digress.
The next Hardfork is going to see some interesting additions that are going to add some new games to HIVE, I think including Resource Credit (RC) delegation, which makes things very interesting in many ways, as it makes having stake even more valuable. RCs are a kind of token by themselves that are only created with stake and are destroyed through unstaking. They are the "GAS" for Hive and while it only take a few HP to have enough to comment and post, this can add up with millions of users -especially if looking for consumers.
RCs have no draw on the pool directly though, which means they can be "freely" delegated to an account with no chance of abuse, other than spam and it can be immediately removed again if that happens. But for games and high transaction usecases, RC pools will be invaluable, giving people ownership of an account, but not requiring them to have to pay for usage access, which can mean a lot of low-cost activity to explore all kinds of Hive-related spaces.
This can give devs a lot more bandwidth wiggle room and start to test the chain in terms of scalability, especially once rather than the RCs being used to interact and earn Hive, they are used to earn secondary tokens or create assets like game piece NFTs. Once this starts happening and secondary tokens start generating their own attention and value, HIVE becomes more valuable again, as the token that underpins the blockchain. I do suspect at some point, HIVE will no longer be earnable on content creation, it will be purchasable on markets or powered up stake will attract it directly. At some point, the security of the chain will not be entrusted to those only interesting in selling at the latest pump, which means the incentives to stay staked have to be valuable and reliable enough to make people want to hold.
Anyway, there are so many sides of the Hive blockchain to take into consideration that one could start digging and never find the end, especially since it is a dynamic and changing platform that is growing outward. For most using the chain now, it doesn't appear like it is changing much and most people think it will always be the way it is - but it is innovating very quickly and in ways that are going to become more valuable as Web 3.0 starts to take root in the digital ecosystem.
For me, the best game on Hive is Hive itself and I wish I had more time to play.
[ Gen1: Hive ]
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