Greetings to all Hive friends,
This is the 1st post from this account, and of course, it should be the introduction post. This is NOT a personal account, but a group account. We are the classmates from a high school (2000-2003) in Vietnam and want to run a HBD fund by taking the advantage of 20% APR from HBD saving account.

1. Target

• The target is to have $4000 and put in HBD saving account, starting from Apr-2024.
• All classmates can contribute to this fund
• No cap but the minimum is $100 each contribution to minimize the transaction fee.

2. Operation

• Create a Hive account ✅
• Convert the fund from vnd to HBD and put all the HBD in saving with current 20% APR. After deducting all the transaction fees, the real APR is ~ 15%
• 5% will be used to pay the contribution interest. This interest will be paid every quarter
• 5% will be contributed to the highschool scholarship. This amount will be sent to highschool scholarship in January every year
• The rest 5% will be sponsor to group activities
• If there is any remaining amount, it will be compounded to the fund.
• There will be a monthly report. Everyone can access to this account and read the report and see the saving account. It's 100% transparency.

3. Risks

There are some risks when running this fund

• The contribution is in VND and need to exchange to HBD. When the USD/VND exchange rate is fluctuated, then the interest in VND will be fluctuated
• HIVE is delisted from some DEXs likes Binance, .... It will impact to the HIVE/HBD liquidation

However, consider these are the low risks compared to the return, it is still worth to run this fund on HIVE.