If you can earn $17,000 monthly interest rates, how do you plan to spend it?

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If you can earn $17,000 monthly interest rates, how do you plan to spend it?

What is HBD #stablecoin and how you can earn just by saving it?

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HBD graphic made by @doze

HBD is a decentralized stablecoin pegged to $1 worth of Hive

It has 20% APY interest, let us do some math on how we can earn

Holding 60 HBD will give you 1 HBD per month

600 HBD = $10 monthly

6000 HBD = $100 monthly

60000 HBD = $1000 monthly

600000 HBD = $10000 monthly

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Is anyone earning $17,000 monthly? The answer is YES.

His name is @lazy-panda and based on his HBD savings, it can give him approx. $17,466 monthly interest rates.

Crazy right! 😀

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What is HBD?

Hive Backed Dollars (HBD), Hive’s very own trustless, algorithmic stablecoin.

HBD is a sleeping giant of not only the Hive blockchain, but of the entire financial space.

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A permissionless, censorship-resistant algorithmic stablecoin that sits completely outside of the regulatory control of governments, HBD has the ability to grant access to financial services to anyone in need.

Read it here: https://leofinance.io/@crypto-guides/what-are-hive-backed-dollars-hbd

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I posted this thread on Twitter then I decide to protect it in a decentralized way by posting it here, please kindly like and share it

https://twitter.com/hiro_hive/status/1634017187861082112

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May God help Hive

Who am I?

My name is Hiro a loving husband, a Hiver since 2017, a world explorer, a Hive marketer, a cat lover, and a proud Christian of the MCGI.

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I discovered Hive back in 2017 when I was doing my research. My goal on Hive is I want to use the stake power up to be able to help the community. I prayed to God to help me to be able to become a cheerful giver to anyone who is lacking like food, medicine, and livelihood. Hope you can follow my journey

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8 comments
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One thing is for sure, it is going to be interesting when the account decides to dump the HBD on the market and what it will do for the price of Hive and HBD. I and others want to see it happen so we can analyze what it does and how we can expect future growth opportunities like this to shake out.

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yes, it is study case that we can figure out if the right time comes

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didn't know much about HBD, still don't know, however, sure there are too many similarities to monetary, fiat money system.
read just yesterday this post:
https://peakd.com/hive-167922/@dalz/everything-you-need-to-know-about-the-hbd-haircut-rule-and-the-latest-updates-or-the-biggest-risk-for-the-hbd-price

a good, informative post - pardon me, but not like yours. basically, the local FED can play with interest rate whenever, however they want + this haircut thing...

it is very-very far from a 'sleeping giant'.

and that's an other thing, if some early btc, crypto or 'fiat rich' guy can put a million in it and pull out a nice amount. not really hard to make money from money over a certain capital....

don't see any point, information in your post... (except showing a 'HBD rich guy wallet...)

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You got a point BUT what we want to emphasize is Hive is decentralized so I consider this as a sleeping giant far better than any centralized institution that maybe offers the earnings or more.

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