People get attracted to crypto because of higher returns on the investment but it's not that much easy. The market is highly volatile and not everyone can take this kind of risk so stablecoin is a good option for such people. So people want to invest in crypto to but they do not want to face the I risk because of the market volatility and for these are copy to stablecoins are the better option. Since these coins are stable surprises are not expected to fluctuate much but the offered apr can be a good source of income for them.
We need more people in the crypto community but it is obvious that not everyone will be able to take the same amount of risk so we need to have options for different people where they can decide their own risk appetite. There are so many stablecoins available in the market but it is difficult to choose the one which can be a safe investment as well as it can also good amount of returns on the investment.
Why HBD is better
HBD (Hive Dollar) is a decentralized stablecoin. This is not bad by any company or the central authority instead it is a community-driven stable coin that is decentralized. No one has control to manage this coin and its price is completely determined by the community so in simple words we can say that it's difficult to manipulate the price for the hbd coin. We have seen in the past when a few stablecoins lost their Pegg but HBD Sid pretty well.
Strong APR
Hbd has been paying an apr of 20% which is high in the market and I don't know any other coin than HBD offering better than this percentage. If I remember correctly then it's been more than 1 year since the change of interest rate with these stable coins and since then people are making the most out of this available earning opportunity. 20% is something that can attract anyone because it is very difficult to faith this type of return in the market and to with traditional investment instruments. If you look around in the crypto market then hbd is the only stablecoin offering this type of higher apr and it is sustainable because there is no company involved and the community-driven algorithm is doing well. Unfortunately, this coin is not available on the exchanges and this is why not many people are getting to know about it but if it happens then probably we can see more attention to the hbd.
My HBD Goal
I am planning to have a decent stake of HBD in my hive wallet but I believe now is not a good time because the price of the hive is low. I will be very happy to convert hive to HBD with a 1:1 ratio and for this, I will wait for the right opportunity. It has happened in the past and I am sure that it will happen again so I am trying to accumulate more Hive now so that later I can swap it. If somehow I am able to manage between 3 to 4000 HBD then it will be a good source of passive income for me which I'll be getting every month. Here I would like to mention that the free out frequency is monthly for the token saved in saving under the hive wallet.
I believe that it's about taking the right decision at time and hopefully I will get that opportunities soon where I'll be able to swap my hive against hbd. I am not in Harry and will give it time but will also keep it track to see the possible opportunity whenever it happens. I believe that crypto is the best place to generate passive income and I have been trying to do the same through the splinterland but now with hbd also I am planning to create one. Hope it happens soon and that's would be a happy day for me.
Thank you so much
Stay Safe