Community post
HPUD choices ...
I was struggling with the above stacking decision. Fortunately when I added my small amount of liquid HBD to savings a bunch more magically appeared!
It looks like my HBD stacking takes care of itself with that 20% interest. Leaving me free to power up Hive on HPUD day!
Not financial advice, please do your own research
Posted Using LeoFinance Beta
Replies (7)
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I am not sure what you mean by "swap HIVE for HBD." There are numerous swap services, but they are usually on alternative markets like HE or Polygon.
There is a "convert HIVE" button on PeakD. That option only pays off when HBD is trading over $1.05 ... which rarely happens. I think the best way to move funds between HIVE and HBD is the internal market.
I've been trading any HIVE I come across to HBD and transferring it to savings for the 20% interest.
Last year I was transferring my HBD earnings to #hive-engine . Since the witnesses raised the interest on HBD to 20% I simply gave up on #hive-engine. The decision to raise HBD interest to 20% turned HE into a ghost town. I suspect that #hive-engine will follow steem-engine and fail completely. I consider all of the funds I have on HE to be lost.
It is probably a smart move for HIVE users to go to Hive-Engine, unstake and dump coins on HIVE Engine. One can then swap the coins back to HIVE and transfer any earnings into HBD. After all, the HE coins are pretty much all doomed to failure as long as the HBD interest is above HE returns.
I meant on the internal market for the swap. Probably should have said trade!
I'm not a huge fan of where Hive-Engine has ended up either. Back in the days of "SMTs are coming" it felt like there was a huge opportunity but they probably needed to be directly integrated onto the Hive L1 and linked to communities.
It's also hard to get much token economics innovation without some level of smart contracts.
While we're bear marketing, keeping your crypto in the stable HBD that earns 20% is perfect...
But once the market turns, don't miss out on the upside that a price rip in HIVE can offer!
Potentiallyyyy a lot more than the 20% you earned in HBD.
All about getting your timing right ;)
Posted Using LeoFinance Beta
I was confused on the different between swap, convert and trade for a long time.
HE tokens are best as a second tier that allows anyone willing to pay 100 BEE to create a token.
IMHO, the real problem is that since HBD is level 1 it can completely dwarf all of the level 2 tokens. Since investors get a higher return on an L1 token, they stopped using L2.
Congratulations @miniature-tiger! You received a personal badge!
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
May the Hive Power be with you!
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Yes, I'm slowly scaling back in when I see opportunities through the bear market. But it can be easy to lose half your stack if you go too early!