Converting Hive to HBD is it necessary for the 20% APR interest
The 20% APR interest applied to the HBD stored in savings have been awesome with Individuals showing up massively to store enough HBD in savings for the benefits and profits they will be getting which is really a nice investment to achieve at the moment in the blockchain. I believe this have been moving in a positive state as the amount of HBD stored is savings is growing and multiplying daily by the involvement and contribution of individuals in the blockchain.
This is a nice move and a better decision to save the stablecoin in savings as the progress of it will be increasing as more and more HBD is been stored for future purposes for a profitable and juicy benefit that will be claimed. This action have lead some individuals to convert Hive to HBD just to store the stablecoin in savings.
Is it necessary to convert Hive to HBD for the interest applied to the HBD?
I believe many individuals wants to be part of the trending situation at the moment to store HBD in savings just to benefit as well. I believe this as well have made some individuals to convert Hive to HBD just to be part of it which I believe is nice since it is a win-win scenario but Is it appropriate in some points.
The hive blockchain have provided that system of controlling two major token in the blockchain where we can earn both Hive and HBD in a payout and this is really nice to come across in the blockchain. The HBD which happens to be a stablecoin no doubt is making progress at the moment as the price have been maintaining a good position for a while.
The Hive reward which happens to be the main coin of the blockchain have also been in a positive state as the impact is also moving in a progressive condition as well. The hive power which happens to be the main key in sustaining a stronger energy in the blockchain is incredible as the more HP owned the more rewards set to be achieved or claimed. It is amazing as the two coin are functioning properly as both is profitable and beneficial to earn.
Despite the 20% APR applied to the HBD, I believe having enough Hive power allows individuals as well to earn profits in the HP when rewards been claimed from content will also be gotten and this also is a nice profit to earn that is also stored for future savings.
My say is since we have two major coins operating in a good condition in the blockchain converting Hive to HBD shouldn't be necessary since rewards we claim are splitted into two which is the Hive and HBD. Though we are all entitled to our own opinion on stuffs like this likewise no other person rather than you is in control of your wallet but the aim of everything is to achieve success and benefits when investing in the two tokens.
It will be pretty nice for those that have enough hive power to convert and save some HBD in savings since their hp is stronger to perform any activities in the blockchain but it won't be advisable for those that have a low HP to power down just because of the interest attached to the hbd but it requires patience to engage in such savings as well if the hardwork in the blockchain is worth the price.
It is our aim to be successful in the blockchain but every actions need to be wisely done as well to follow that trend of achieving that goal in such mission which I believe we are capable of achieving that.
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Like you rightly said, it would be smart for people with low HP to focus on building their hive power as it is important for governance. Their stake determines their influence.
Alternatively if they have extra funds elsewhere, they could try out the HBD savings as it is a good culture for one to build in the area of savings.
For me though, my focus is to benefit from both coin, no reason to power down hive as I still have a target to reach before anything else. At the end of the day, we all should go for what seems right and more beneficial to us
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Your right we should all go for what is right that is beneficial to us because the mission is to be successful and making profits from both coins is definitely the way forward.
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