Who doesn't like ROI? I think everyone does. And when you are doing so after investing in a solid project here on Hive, it simply feels special. What you see in the thumbnail above is my interest for the last 1 month of keeping 2083 HBD in savings. I actually feel great having this reward.
You can see my new HBD savings below after claiming the interest
The Leo Team not two long ago asked for dear Leo Community members to write their Leo goals for 2023. I made one too. And I strongly believe I will reach my goals. Of course as you would expect, re-investing my HBD savings interest in Leo is a huge part of my 2023 Leo goals. If you have or have not written, maybe you could consider this strategy as part of your goals for 2023 - i.e fixing some HBD in savings, and re-inventing the interest generated in Leo.
But then goals apart, what other reasons should motivate you to consider putting some HBD in savings? Consider the following:
20% is so huge you shouldn't miss it
If you have been close to our traditional financial system like the banks, you will agree that 20% ROI per annum is a huge number. The banks for example mostly give back nothing on money kept in savings account. They instead make several deductions most of which are hidden under the guise of service charges.
And when you try to run a fixed deposit account for some extended period like 1 year, the returns are almost always nothing tangible. At the very best, they pay single digit interests. That is why HBD 20% APR is such a huge figure by all standards. It gives you the opportunity to earn much more here, than you could have earned elsewhere.
Your money should work for you...
And that is what happens when you put some funds in HBD savings. The only work you do here is to claim your rewards monthly - that's no work at all. In fact, that is the only way your money makes more money without stress. HBD savings interest happens automatically. It is like a smart contract on the Hive blockchain. It executes on its own.
So basically, putting some of your funds in HBD savings lets you make money while you sleep - yes while you do nothing. That is the type of money I want to be making. I believe you will enjoy earning in such way too.
Investment is assured..
We all know how the crypto market runs up and down. You could be reach today and broke tomorrow as a result of price fluctuations. So if you must keep money in crypto long-term, you should do it with a stable coin - so that you wont put your funds at risk of frequent market fluctuations.
HBD is a stable coin pegged to 1 USD. So it will always maintain its value around that figure. This gives peace of mind that you are not at a great risk of loosing money when the market drops. No investor would like to throw away their funds, or risk it to a market that is not steady. HBD savings is that steady market. When you put your investment here, you have nothing to worry.
Another way not to use one basket for all your eggs
There are many ways to grow your stake on the Hive platform and you should try to take advantage of as many of them as you can. In life, we talk about not putting all of one's egg in one basket. It applies more in crypto than anywhere else. So HBD savings is one of the dependable ways to invest on the Hive platform. There are other ways such as through investing in Leo, Cub and other projects.
Try to explore as much as you can. But always remember that HBD savings is not going away soon. It will always be a part of the Hive platform - another basket to put your eggs so to speak. So consider taking advantage of the opportunity and you could see yourself doing much better than you should
Final thoughts
I feel very happy claiming my very first savings interest. Am sure this would be the first of many to income. Of course for now, I am still building. So the rewards will be re-invested too.
Do not take my words here is financial advice. Its best to do your own research first before investing in anything. Understand very well what you want to go into and be responsible for your decisions.
But then, HBD savings will remain a prominent way for me to raise my stakes in the LEO ecosystem and Hive in general. As I earn these interest monthly, I will re-invest them mostly in Leo or other projects that I deem fit or worthy to built stakes on