We are all aware that the current APR for HBD profit is 20%, which is fantastic and much appreciated by many #hiveians. However, I doubt that witnesses will continue to use that APR for an extended period of time. They only need to keep the reward ratio balanced. According to my experience, the APR might drop as low as 16% by the end of 2023.

HBD INTEREST RATE REDUCTION AND ITS RIPPLE EFFECT ON HIVE ECONOMY

It's just my opinion, and I'm not certain, so please conduct your own research before discontinuing HBD or taking any other action. What happens if the interest rate on HBD is reduced? This is a great question, and I intend to answer it to the best of my knowledge and skills.

The two crypto currencies that sustain the HIVE ecosystem are HIVE and HBD. They undoubtedly have an affect on one another, and as the HBD APR is reduced, the price of HIVE rises. This is because people will transfer their #HBD holdings to #HIVE because utilising your HP effectively will yield an additional 16%, as shown by several examples.

You can approach numerous delegations, including @leo.voter, if you only have HP holding.By simply delegating to a #leo.voter who is #leofinance, they will offer you 16% APR. The fact that they deliver the reward as a liquid that you can utilise right away is a benefit of delegating to them. In addition, you can stake the #leo token, which provides you with an additional passive source of income and will undoubtedly raise your 16% APR to 18% and higher.

The other delegation project is @Ecency, which gives 12% APR or even higher. When you delegate to #ecency, you will receive liquid hive as well as ecency points, which you may use to boost and promote your post. If using your point properly, your APR percentage will grow above 16%, which is yet additional benefit.

There are additional communities that provide more than 16% APR, such as #psyberx #helios and many others. The point of telling these communities is that they are providing you with the finest APR, which is considerably superior to putting in HBD. #hbd is currently appealing, and people are drawn to it because of the 20% APR and the quick withdrawal.

WHY HIVE HOLDS MORE PROMISE THAN HBD

However, as this ratio falls, more people will begin to move towards #HIVE. This will have numerous benefits, one of which is that you will receive an easy income, and the other is that HIVE's value may increase by the passage of time, which is also a wonderful opportunity to expand your wealth. I have always been opposed to putting my savings in #HBD because of these reasons.

This is because it does not allow you to work with that cash and instead provides you with an easy income which will make you lazy. Working with #hive, on the other hand, will inspire you to be creative, and you will learn and discover new things on a daily basis. That is why I continue to stake HP with my savings since I know it will be far more useful than other stable currencies that provide a fixed profit.

However, this is dependent on your plan and the amount of money in your wallet. If I have enough HP, I will definitely save some #HBD because it will be useful when the price of HIVE is cheap. Those with fewer HP, on the other hand, must work hard to increase their HIVE.

I've noticed certain accounts where the HBD is more than the HIVE. They are building HBD savings, but they do not aware that when the bull market begins, such amounts of HBD will never benefit you. However, if you have Hive, you will benefit greatly during the bull run. #hive has the potential to reach another all-time high, possibly even $2.

This is an effort on my part to make you aware of the HBD interest rate, which may be reduced in the near future. I also discussed the advantages of HIVE, which is considerably superior to HBD savings. I hope this information is helpful and informative. If you like the post, please leave a review in the comments section to help the next one be even better. Thank you for sticking with me until the end.

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REMEMBER: We should prepare for the unexpected and hope for the best. Life may not be easy, but you must do your best and leave the rest to God.