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RE: HBD is above $1, the 10% is good!

in LeoFinance3 years ago

Total amount of HBD being paid out via interest is very small, even at 10% interest rate. In fact, less is paid out now at 10% than when we were paying 3%, because now the HBD has to be in a savings account, and previously the entire supply of HBD was receiving 3% interest. But even if the entire supply of HBD was put into savings, it would still be a very small source of inflation for Hive versus other sources. So there's basically no chance the interest paymetns can negatively impact the price of Hive.