RE: Our Hive Power Delegations to the July PUM Winners

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RE: Our Hive Power Delegations to the July PUM Winners

savvyplayer in Hive Power • 12 days ago

There's also the option to simply convert or swap HIVE to HBD if someone doesn't want their HIVE locked for 13 weeks as Hive Power, then put to Savings to earn 15% APR compounded monthly (or basically 1.25% per month where each month is 30 days). 🤓

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12 days ago in Hive Power by savvyplayer

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tydynrain 11 days ago

True, though that would only be a good idea if the price of HIVE were high, otherwise too much is lost in the conversion. 😁 🙏 💚 ✨ 🤙

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savvyplayer 9 days ago

People also aren't supposed to convert very little amounts of HIVE or HBD (especially the minimum positive amount which is 0.001 HIVE or 0.001 HBD), or they will lose (effectively burn) a huge percentage of their source token (technically up to 100%) because of the destination token amount being rounded down to the nearest thousandth digit. 🤯😅

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tydynrain 9 days ago

That is also very logical, so obviously. 😁🙏💚✨🤙

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savvytester 2 days ago

That's unless they want to "help Hive" by letting a (large) portion of their HIVE or HBD to be swapped or converted be burned. 🤔🔥💸🤯😆🤓

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tydynrain 2 days ago

Well, that would likely help HIVE's fiat value. 😁🙏💚✨🤙

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