Hive continues to impress with the developments that are going on right now. I don't even have to look for opportunities because there are so many! They automatically present themselves to you. Just need to get involved and get going! Learn a few things about sending crypto from one wallet to another, and you are on track. 😂 Yesterday, 
In this blog, I would throw some light on what it is and what I like about this idea. In the end, I will list out the feedback I have as a community member. I am excited to see such discussions popping up and the community can actually take part in shaping up the future of Hive. That's what I love about this place the most and that's the reason why login every day.
Hive Savings Bond - What We Know So Far
Hive Savings Bond would be another account inside HBD Savings that will offer returns or yields, as we call it in DeFi. It is different from the current HBD Savings where you get 12%, which is quite sexy itself. This is what I could extract from Task's blog:
- One year lockup period of HBD
- 25% Yield. To be finalized by Hive Witnesses.
- Non-liquid asset for now.
- Monthly claims
PROs
- We can tap into Fixed income market and stablecoin markets. Could attract outside attention. We can offer higher yields and use it as a USP to market. UST on Anchor Protocol currently provides 18-20%.
- Set it and forget it for a time period. For example: 1 year.
- Asset stored at the chain level, not in a smart contract. Your keys, your crypto!
- You can avoid volatility in the markets.
- One more utility to HBD & ofcourse Hive Blockchain.
CONs
- You need to sacrifice liquidity for a set time period.
- I think many people will sell their Hive for HBD and use bonds to get better returns than curation
- I think there will no provision to compound your rewards in your original position unless you create another bond.
Feedback
First of all, I think this is a brilliant idea. In order to compete with other chains, we need to come up with such creative ideas and experiment with them. Many creators on Hive do sell their stake often to get by through their lives. This will initiate a culture of savings and investment in the safest possible way.
Since Task asked for the community feedback I started writing a comment it crossed 300 words. If a comment crosses 300 words then it is a post. 😂 So here's my feedback:
- Change the name from HIVE Savings Bond to HBD Savings Bond. A lot of people would get confused because they would think that they have to lock HIVE.
- Now that we have changed the name, can we also create HIVE Bonds where you can lock HIVE instead of HBD. This could have returns higher than 3% but lower than HP curation.
- Can we have different bond periods like 3 months, 6 months, 9 months and then 1 year? Each one will have different APRs. I know this could take a while to develop so maybe sometime in the future.
- As task mentioned, we cannot allow the returns to lock but what if someone wants to compound them too. Users should be able to choose whether to claim in HBD wallet or HBD savings account. That way they can enjoy 12% return on their bond returns. Returnception. 😂
- Use this product as an opportunity to market Hive and get some serious outside attention. An action plan to make people join and then explore various other opportunities.
What do you guys think about Hive Savings Bond? Please make sure to check Task's blog to provide your feedback or write a post just like I did. Thanks for reading!
