Tri-Earnings on Hive Stable Coin
We're in the midst of a bear market and many people are still running fearful on what to invest in or what to do to prepare for the next bull run and to not be left behind as tokens regain value. Bear to Bull can be the defining moment that means rubbles to riches and it has what has continually lured people to the sector time and time again.
But it can be hard to decide on what to do or where to spend your time but things are a little clearer this time around with many cryptos failing and being completely wiped out. Which presents a great opportunity to revisit and point out the strength in the Leo Finance and Hive communities.
Strong Community Growth and Retention
The value in a token is mainly derived from it's use cases and community as many projects fail to launch or take off due to their inability to attract not only investors in the token but developers and users which all create an ecosystem and market.
Hive with it's many growing communities, dApps and protocols has continued to attract and retain new users which greatly sees transactions which are FREE continue to climb which indicates a strong support base.
Whole Chain of FREE
The interesting aspect of Hive is that it is an entire blockchain built on the very fabric of what decentralisation was founded on, FREEDOM. The entire chain is Free to start up, Free to use and Free to earn with the majority of your earnings come from contributing to the chain through blogging or it's many games and dApps that have been built on the blockchain.
The other thing users can earn is Hive Backed Dollars which is better known as HBD. HBD is Hive Blockchains very own stable coin which didn't have the best start but has since become a relatively reliable stable coin with a plethora of safety, security and stability measures in place to ensure it doesn't become depegged.
Recent changes saw HBD become competitive by implemented a 20% APR which is the first line of defence. APR unlike APY builds up and pays out once a month and not every second or every moment. This helps the stable coin be more of a savings account and reduces abuse.
The other leading feature that prevents HBD going on a death spiral similar to USDT is the delayed withdraw periods which unlike USDT that paid out every second and could be withdrawn instantly. HBD requires a 3 day waiting period from moment of withdraw.
This prevents mass unstaking and rorting of systems and provides protection to the entire chain. As stable coins do fluctuate arbitrage becomes a measure that people can use to undermine the integrity of the chain. Removing or significantly reducing how this is done greatly supports stability.
HBD can also always be converted to $1 worth of Hive but unlike Luna it has a 3 day average other than instant swaps. This means the gap is reduced significantly and coupled with the 3 day withdraw and 3 day swap based on average it limits and just about removes the possibility of a death spiral.
P-HBD
For those seeking more risk and higher returns Leo Finance has developed p-HBD and for a overview you can watch the founders video How to Wrap HBD to pHBD.
So now that we are in a Bear market and you have time to wait, why not come check out Hive. It was there at the start, it survived all odds and it will continue to strive.
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