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RE: Is 10% APR on HBD Savings Too High?
If the reduction on saving interests is too abrupt, people don't have a choice to get out of it and look for better returns. That would have a drastic price impact. On the other hand, every percentage that we pay, means a direct devaluation of hive because every HBD can be converted to hive. So with low hive prices, each HBD represents a lot of hive. Lowering interests is in my opinion the correct way for a long term strategy and doing it slowly is to avoid a big drop in price.
0.00000233 BEE
Agreed! I think we managed to navigate the series of reductions from 20% to 10% reasonably well. From here, a gradual reduction in steps of 0.5% seems feasible.
!BBH