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RE: HBD Interest is Great

in LeoFinance3 months ago

Yeah it’s cool but it’s a race to the bottom other stable coins are offering more or less but they also have a bigger ecosystem to put any substantial amount of USD in a chain that’s got 20k active users and a daily volume of less than 10 million makes no sense

It’s cool for small amounts but if you try to move any reasonable amount you’ll nail your returns via the slippage because HBD is pretty illiquid!

Short of it being interoperable with other stable coins no ones going to use this feature for any reasonable amount of money

Thirdly since you pegged to the uSD your earnings are diluted by the feds monetary policy which either eats into your preserved purchasing power or in opinion takes it negative if we apply the fisher effect