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RE: HBD Interest Rates Are Now 20% | We're Building a $5M Liquidity Pair for HBD-USDC

in LeoFinance • 2 years ago

I hope it get sustained for a long and hope it wouldn't reduce the value of hive power though.

That was my worry before now, but I've been given a light that Hive Power serves much more than generating curation and staking APYs.

Your Hive Power is your governance power where you can support witnesses, vote for proposals and even operate your second layer tribes.

Holding an HBD savings will require Resource Credits which is a function of Hive Power.

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2 years ago in LeoFinance by
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     2 years ago  

    So, if I want to put 100k hbd into savings I will need enough resource credit to that by powering up some hive?

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       2 years ago  

      If that's all you want to do you won't need a lot. The free RC that comes with an account is probably enough. If you want to engage in more activity then you will need more RCs and need to power up more HIVE.

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         2 years ago  

        Thanks for your smooth explanation

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           2 years ago  

          HIVE and HBD both offer unique value propositions. These need to be separated and evaluated on their own terms.

          Very similar to CUB, POLYCUB and LEO. Each has its own value prop and reason for holding. Most people need to get a clear understanding of each

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