HBD Interest Payouts For November 2022

chrisaiki 2 years ago

It would be nice to know if HBD is attracting new fiat money or is it only "old" Hive token converted in HBD?

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geekgirl 2 years ago

Looking at month to month HBD interest payments and look at top 500 interest payment recipients, it doesn't look like new money is being attracted at this time. In other words those who are utilizing HBD savings are those who have been using Hive.

What is not clear is if people are adding more HBD by buying the external markets.

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ramon2024 2 years ago

so the top top gets 4000 HBD a year?

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geekgirl 2 years ago

No, that is a payment for one month.

Edit: Correction, most likely that is a payment for one month. However payments could be for longer periods of time, because payments have to be claimed or triggered by transferring some funds. Until the payment is claimed or triggered, it continues to accumulate.

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khuc 2 years ago

You are doing a fantastic job!
I have some questions. Appreciate it if you could answer.
Does it mean there are only about two thousand accounts that have HBD Savings?
How is payment time determined if I deposit at different times? For example, if I deposit 100 HBD on 1st Dec. and another 100 HBD on 10th Dec.?

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khuc 2 years ago

And does your data obtained from Hivesql?

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geekgirl 2 years ago

Yes, data is from HiveSQL.

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geekgirl 2 years ago

The number of accounts only represent how many have received the interest payments in the given month. In this case it was November. Total number of accounts that hold HBD at a given time might be different. However, I would guess it would be close, looking at number of accounts from previous month.

To receive the interest payment, the account owner must claim it or trigger a payment by transferring or receiving HBD. If no actions are done, account will continue accumulating interest and will receive the total payment when claim or trigger action is done. In other words, there might be some accounts that hold HBD and do nothing, they are not counted in the total number of accounts in this list.

There can be only one payment within 30 days. Blockchain would know how much each account has earned, based on how much HBD was in Saving at various times. I don't worry too much about detailed math. I am sure situations as you describe can be calculated. In simple terms, I would expect interest payments after 30 days. PeakD wallet gives an option to claim HBD interest payments.

Claiming interests regularly can help with compounding the interest.

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khuc 2 years ago

Thank you. It's very informative.

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pizzabot 2 years ago

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@torran_(10/10) tipped @geekgirl (x1)

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korver 2 years ago

Thanks for the update! I've also held my HBD into savings. To be honest, 20% APR is still unsustainable in the long-term. But I trust this platform, so I'm putting my around 400 HBD into savings.

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3 votes

engrave 2 years ago

Witnesses can change it anytime and we will in case of emergency ;)

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korver 2 years ago

That's great to know. Now this adds to my worry. If the APR will be decreased, this will create a massive selling for HBD thus will push the price below $1. What's your opinion on that?

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geekgirl 2 years ago

I doubt there will be massive selling of HBD. There isn't massive amounts of it. But selling HBD means buying Hive, so it would be positive for Hive price. Many won't sell HBD significantly below $1, because they can convert HBD to $1 worth of Hive without engaging in selling/buying.

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geekgirl 2 years ago

This question has been discussed in depth many times already, including among the witnesses. That's why I not too worried when I see 15 out of 20 top witnesses approving 20% APR. Stakeholder who ultimately end up paying for this, don't seem to be worried either. Otherwise they would have expressed their opposition either in words or by removing votes.

I believe Hive has safeguards in place to keep this sustainable and avoid risks. In theory for 20% APR to reach unsustainable levels, total amount of payments would be in millions, which would require hundreds of millions of HBD in circulation. It is not possible to have super high amounts of HBD without buying Hive in large quantities to convert to HBD. This would raise the Hive price. As the price of Hive continues to go up, it will continue to be able to afford such interest payments.

However, if things don't go in the right direction for Hive and its prices continues to drop to levels that it can't pay HBD, haircut rule gets implemented. And also in the event HBD APR starts becoming risky or unsustainable witnesses would detected that in no time, and as Engrave suggested they can remove the APR payment or lower them quickly. It is a witness parameter, witnesses can configure as they choose and can change it anytime.

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korver 2 years ago

It's good to know that top witnesses are approving this and thank you for the explanation. Just from a business standpoint, considering Hive is also a business for everyone. 20% is a lucrative offer that other Defi projects have collapsed following the same offer.

I don't wanna mention this but this was "one" of the reasons of Luna collapse. The high APR rate.

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geekgirl 2 years ago

When Luna/Terra collapse happened, it was extensively discussed on Hive. It didn't collapse because of 20% APR but rather due to lack of safeguards in place to protect the network and coins. Some say Luna's death spiral was inevitable and programmed to happen.

Hive has measures in place to prevent this. Blockchain have corrective measures when the HBD market cap goes higher than certain threshold compared to Hive market cap.

It is actually very interesting if you look deeper into how Luna's protocol worked and how Hive works. It is a longer topic though. Dalz had some interesting posts on the topic.

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korver 2 years ago

I agree that there's more deeper reasons behind Terra's collapse. Just like FTX. I fully trust HBD's APR offer, it's just that it's way too high from a business stand point. This could attract investors and bring new players in Hive ecosystem, but in the long run as I always say it's very difficult for a business to offer a fixed 20% return annually.

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sahlana 2 years ago

i am happy with your good news.

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allentaylor 2 years ago

@geekgirl, awesome post. It was included in today's issue of Cryptocracy. Congratulations! https://cryptocracy.substack.com/p/web3-wednesday-ledger-launches-hardware

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xtoben01 2 years ago

After a careful Reading of this post, I have decided to invest my time in hive activities. It's a great encouragement to me even as I start my journey here as a newbie

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geekgirl 2 years ago

Hive is fun!

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allentaylor 2 years ago

If I understand this correctly, a 20% APR would yield 1.66% interest monthly. Is that how the payout goes? And payout is on the last day of the month?

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poshtoken 2 years ago

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brianoflondon 2 years ago

Thank you so much for your support of my @v4vapp proposals in the past, my previous one expired this week.

I'd be really happy if you would continue supporting my work by voting on this proposal for the next 6 months:

Additionally you can also help this work with a vote for Brianoflondon's Witness using KeyChain or HiveSigner

If you have used v4v.app I'd really like to hear your feedback, and if you haven't I'd be happy to hear why or whether there are other things you want it to do.

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videoaddiction 2 years ago

I am going to have 10 HBD interest payout in a month, just great!

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geekgirl 2 years ago

Awesome!

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jfang003 2 years ago

It's nice to see more people put HBD into their savings and I am rank 286 this time around. It's growing slowly and the HBD savings is a great investment tool.

Posted Using LeoFinance ^Beta

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pouchon 2 years ago

Less holders and more HBD payouts. The message is getting louder. I am holding till.

!PIIZA

Posted Using LeoFinance ^Beta

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splinterdany 2 years ago

@soyuntito mira

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pocketrocket 2 years ago

one day my nickname is going to be on this list

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johnbenn 2 years ago

Critic will always want to go around the news about FTX so that to see if they can bring down crypto business, but their opinions can only do a little while cryptos lived.
It is a nice thing that HBD saving is there to hive user's to continue to growth despites the dip in the price of tokens.

Thank you for saying this @geekgirl

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olympicdragon 2 years ago

I have added 1 HBD into savings. Now I shall try to save regularly !

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geekgirl 2 years ago

Journey to the summit starts in the valley.

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jenthoughts 2 years ago

Me too is saving my HBD since I joined and I am happy its moving even a little but it is still. I am so happy knowing hive and I am hoping good for this platform.

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torran 2 years ago

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!PIZZA

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chinito 2 years ago

yea, with FTX and all.. HBD is still great! :)

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eolianpariah2 2 years ago

very interesting and timely post. i have been considering moving some money into hbd and this post was quite reassuring so i plan to be on that list next time around

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geekgirl 2 years ago

This post shouldn't be considered as financial advice. These are just my opinions. I like to keep things diversified. I prefer Hive as it can be used for governance and rewards distribution participation. But HBD is also good as a hedge. It may be more beneficial to build and grow HP instead. There is no cap how high Hive can go in a long run, but HBD pegged to $1.

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officialrosh1 2 years ago

It good to see the community do good despite the bad news in crypto world. Now I understand clearly on how I can generate more income with HBD, thanks alot

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nickydee 2 years ago

What a superb post for HPUD 💥

I know nothing about finance but I'm taking the current dip as an opportunity to invest because I love a bargain and have absolute faith in crypto.

And ethically and value wise I can't bear (excsue the pun) fiat.

Nice to read you again! :D

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katirayo 2 years ago

I will be honest with you i have been in a panic attack ever since the first day of Bitcoin drops up until now but seeing this content post of a crucial information, I have a very high hopes, who knows hive might shoot up to a 1 or 2$ let's hope so, Seeing that HBD is not disappointing that means I can't be tired of the platform I'll put more effort.

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geekgirl 2 years ago

While this is not a financial advice, I do believe Hive will go higher than $2 at some point. Question is when.

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katirayo 2 years ago

That's the holy grail right there we are just going to seat watch and be optimistic.

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iykewatch12 2 years ago

Irrespective of the low voice the big players accord hive, hive is waxing stronger by the day.

HBD continues to be stable.

The stability in hbd is something that will in no time take the crypto verse by shock. Hive is a new wave , it's a movement, it's unstoppable.

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dalz 2 years ago

The bHBD is now the most liquid and has the best price feed on coingecko/cmc

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geekgirl 2 years ago

Thank you for the info. I will watch bHBD prices.

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beauty197 2 years ago

Honestly this means more motivation to me, hive platform is so interesting and it's worth any amount of time and investment.
Thank you for this update

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4 votes

riverflows 2 years ago

You know when I look through that list there's so many people I know, old timers, who DON'T have HBD in savings and I'm wondering why. IS it because they don't know about it? OR perhaps that they prioritise their vote value, which is fair enough? Or that they need the money for real life expenses, which is totally fair enough given the cost of living and financial crisis at the moment? I need some HIVE to pay for a real life project but can't bring myself to touch that HBD - the interest is too good!

Posted Using LeoFinance ^Beta

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geekgirl 2 years ago

Sorry for late response...

I believe there would be multiple different reasons why some would choose to invest in HBD or not. It can be one of the reasons you mentioned or the combination of them. While it is not easy to tell, I think this can be a good research project.

However, I would guess those who have been on Hive for a long time would consider HP as a better investment option. The ability to increase influence in governance and rewards distribution with continuously growing HP on one hand might be more meaningful for those who use the network regularly, and also just a habit.

I personally had a habit of always converting HBD and Hive to HP. I haven't considered accumulating HBD in the past. For me it started when I came up with a list of items that I wanted to purchase with HBD, just as an experiment to demonstrate benefits of Hive network. Then inflation happened, witnesses started signaling higher APR, and it made sense to keep HBD in Savings. This too became a habit.

With this high APR, I think it can be beneficial to invest in both HP and HBD. I consider HBD as a hedge for Hive, and thinking about keeping 90% in HP and 10% as HBD. When Hive prices are high it is great, HBD is still there. When Hive prices drop lower, it gives an opportunity to buy more Hive and increase HP even higher.

It would be interesting to know the investment thought process of long time Hive Bees regarding HP and HBD.

Thank you for a great question!

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aljif7 2 years ago

Good job for HBD, good job for you @geekgirl !
I was saving some HBD little by little, but as HIVE become on sold I put all my HBD at HIVE...

Thank you for sharing!

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