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RE: Hive: A Complete Beginner's Guide (With Fun Doodles) Pt. 2

in Loving HIVE ❤3 years ago

Thks @antisocialist. So there is no inflation nor intetest when the liquid Hives are moved to "savings"?

It confused me because they appear in the same account, like this:

IMG_20210920_210910.jpg

Then.. I don't see much use in having hive in saving account.

Thks again!

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Afaik, there is no interest on hive in savings.
Hive is meant to be traded, or powered up.
Powered up it loses less to the inflation.
In savings it is diluted at whatever the current interest rate is, that decreases each block and is around 8.5%.
When trading, you should make enough to cover the loss to inflation.

Clear as water now!