HBD and BHBD is offering attractive APR despite dip in crypto market.
Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends, crypto market is down due to soaring inflation rate, rise in interest rate and poor economic condition. Today global crypto market cap fell below $1 Trillion. At the time of writing overal global crypto market cap is around $997.5 Billion. Almost more than $40 Billion wiped out from the market in last 24 hours.
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In such situation, people don't take risk, as a result stable coins become home of the investors. That's why 3 stable coins are included in top 6 coins of the crypto market. This reveals the power of stable coins.
Hive also has a stable coin HBD. Unfortunately it didn't achieve the popularity what it deserve? One of the main reason of not getting popularity according to expectation is that unavailability of HBD on centralized exchanges.
Hive Blockchain is offering attractive reward of 20% APR on staking HBD on your savings. The number is pretty attractive considering the current bearish crypto market. On the other hand, Defi platform is giving more attractive APR on stable coins pair.
At the time of writing stable coin pair BHBD-BUSD is offering 24.86% APR on providing liquidity to these coin. Reward of the pairs comes in the farm of Cub coin which is almost 99.5% down from its all time high worth. Remember Cub has introduced buyback and burning mechanism. It will eventually help to strengthen Cub price. Who knows the profit will be multiple time of 24.86%.
In my opinion investment on HBD saving and investment on BHBD-BUSD both are good investment option. Both are offering decent reward. HBD staking on saving give rewards in the form of HBD which is more desireable as stable coin pair is pretty safe. On the other hand staking on stable coin pair is offering reward in the form Cub. Cub can increase your reward many time considering the new features added on Cub. What will your choice of investment?
Will you go with HBD saving or investment in BHBD-BUSD pair? Any specific reason for your decision. I would love to read your views on comment section.
Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
Posted Using LeoFinance Beta
I would go with the the Hbd savings because of its 20 % apr . I would prefer my Hbd in savings when I sure know HBD savings income will be the bread and butter of this community in the long run. Thanks to the 20% APR, many investors are going to be trooping in to get their hands on the limited supply of HBD that is available.
HBD should be listed on more exchanges.
These currencies are really good investment opportunities if we utilise them well.
We also need to have good knowledge of them before venturing into it.
HBD, even without been listed on centralize exchange still has a potential, I would prefer the 20 APR on the HBD, because it the stable coin for hive and this platform.
Hard to choose an option though
Posted Using LeoFinance Beta
Hi
The defi pools look to be the only place that offer both liquidity and growth.
hope this trend continues as stable growth opportunities are limited post the luna episode