HBD Savings is an amazing tool and passive revenue stream on the Hive blockchain that is offering 20% APR. If on top of that we consider the monthly compound effect, we increase it more. And with such a number and being a prove stablecoin in time, how can you stay away from it? Well, I simply cannot and I am collecting the interest from the HBD savings each month, compounding it and repeat it all over again. And as today I got another tranche of that, I am topping it up and looking for a better position and yield in the incoming months. And guess what? I will not stop this strategy anytime soon and some profits from the bull run could run into it as well to navigate easier the next bear times. But as the strategy is clear, let me celebrate this HBD harvest and see where I am with it.
HBD accounting
In April 2024, the previous month, I have yielded 53 HBD. In May 2024, current month, the current interest from HBD savings summed up 58.872HBD. That means a 5.872 HBD increase that will continue to yield and compound into Savings. With a HBD Savings balance standing at 3,936.917 HBD, that should translate into the next month into an interest of 65.61 HBD. That if no other HBD will be deposited, but as I will probably continue to create content and engage on the Hive blockchain, 50% of the curation rewards should be in HBD which I will continue to send that way. Thus the deposit should increase more over time and until the next harvest.
HBD goals
My first milestone or goal regarding HBD deposited into Savings is to get $100 HBD per month. With an APR of 20% that means that I should have into the account $6,000 HBD. Still a long way until that point (around $2,000 HBD gap), but each month I am getting closer to it. And if I will be selling some other crypto assets which will top up a New All Time High (my psychologic selling point), I might get there much faster. But until that happens, I will continue to do what I know better: create content, engage on the Hive blockchain, trade some second layer tokens and exchange them for HBD and deposit them into Savings.
The rules of the game are quite simple: collect, compound and repeat. I am doing that each day and each month and my HBD into Savings keep on growing and keep on providing more interest month after month. The strategy is simple, the expected yields are clear and there is no fear of market volatility. This is why everyone should have stables in the portfolio, I am enjoying one from the hearth of the Hive blockchain ecosystem.
Posted Using InLeo Alpha
