Witnesses that decided to do this are the dumbest motherfuckers I know, there I said it.
These motherfuckers do not ever account for the liquidity issues of HBD. You LOSE 3 to 2% to liquidity whenever you want to exit HBD (and this is if you sell your HBD piecemeal). With 15% APR, the effective APR of HBD is now 11 to 12%.
I can get 11 to 12% on fucking USDC mate and with none of the liquidity issues of HBD or the 3-day waiting period of HBD savings. I gave USDC as an example because if I wanted to get more I could go for some algo-shit-stablecoin.
Fix your liquidity issues, and then you can lower the APR, without fixing it you are just giving 15% on paper and just fucking over people that believe that on paper APR.
That is it, I don't need to continue to argue because that is how stupid this is.