HBD stablecoin on Hive blockchain presents some investment opportunities. You can keep it up in the Savings account with a 3 days cooldown when you need the funds and a 10% APY. This is a pretty good return for just doing nothing and with a fast-paced and no penalty withdrawal fee. But while this is the easiest way to earn some more HBD for your holdings maybe there are better opportunities out there than putting them as collateral in a Liquidity Pool on TribalDex or BeeSwap.
There are three pools available on TribalDex for HBD cryptocurrency.
- SWAP.HIVE:SWAP.HBD - Has no rewards associated and thus at the moment it can be used mostly for swapping purposes between HIVE and HBD. Considering that TribalDex runs as a side chain, you need to deposit your crypto on Hive-Engine, which will incur fees between 0.25%-1% for deposit and withdrawals. This needs to be factored in when getting into DeFi on TribalDex.
- BEE:SWAP.HBD - This is a sweet pool with some strong assets to HODL for a long period. BEE is the Hive-Engine utility token and it should keep its value over time, while HBD pairing being a stablecoin is one of the safest ways to get into DeFi. The average APR is 157.368%, the pool rewards were set for 1 year (Rewards remaining days: 296) and it has also a daily bonus of 1% for long-term Liquidity Providers.
- SWAP.HBD:CENT - This is another high-risk, high reward pool that provides an average APR of 136.936%, the pool rewards were set for 1 year (Rewards remaining days: 313) and it has also a daily bonus of 1% for long-term Liquidity Providers.
Up until now I was holding my HBD into the Savings account and building it up. But the 10% APY while it is healthy, would not provide great returns into a DeFi movement space that we are seeing crypto being in. Thus, I have withdrawn all my HBD from the Savings account and decided to move it into the BEE Liquidity Pool. The return is amazing and I believe in the BEE token to preserve and increase its value with new feature releases and improvements from the Hive-Engine team. It is a little bit riskier, I need to buy BEE with half of my assets but I think it will pay off in the long term.