APRs are changing - time to double check your reasons for delegating
10 days ago I wrote this article regarding converting HBD to hive power:
https://www.ctptalk.com/ctp/@darmst5339/convert-hbd-to-hive-power-now-or-later
There are times you need to review your actions to determine if you are getting the best value from your various investments. I just noticed the APR return on HBD and Hive/HBD savings were increased to 7% by the witnesses this weekend.
(screen shot)
About two weeks ago, the witnesses increased the APR from 3% to 5%. With the APR now at 7%, it is more important than ever to evaluate if you are getting the best return from your actions. If you are delegating hive out to others and not getting a greater than 7% APR you may need evaluate the reason behind your delegation. Is it to get a good APR or is it to support your community?
Remember delegating to others does support the community and the specific individuals to whom you are delegating. This also adds value to the hive platform, your community and gets an indirect return for your delegations.
Sometimes price is not everything since the markets will always move up and down. Neither is the APR on your hive account. A lot of the times, it is the relationships that you forge in the communities that you support that means more than the value of your account and the APR you get.
Which are you in it for - APR or support of the community?
EVER FORWARD!!!
It's lucky you're keeping us up to date about this or else I wouldn't haven't a clue about the increases. I'm rarely on the Hive front end these days so maybe it was promoted there but so far, this is the first post I've seen mentioning the increase.
I'm not sure whether to move some Hive into savings or not. Will need to have a think. 😁
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Thanks for the response. I do not know any of the reasoning behind the change but wanted to make sure that everyone was aware that changes were being made. Take care.
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tokens.@darmst5339 great question and post. I do it most for community. Once I get a better handle on the numbers. I’ll start segment it and do like a 60/40 split on my delegation actions. Your post definitely gave me something to think about 👍🏽
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Yes, we all need to put more thought into our actions. Thanks for the engagement tokens.
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7% is looking pretty attractive for a stable ish coin.
But I think most delegation returns are at least 10% or better and Hive seems to be pretty stable these days too.
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Agreed, HBD is getting to be more stable. This will help it have more credibility out in the open crypto market.
If people are in it for the APR, I think curation and leasing both still gives more than 7% so I don't think its a point of worry yet. I haven't bothered delegating out so most of it hasn't really applies to me yet.
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The return on HBD is quite new on the hive blockchain and I believe that this is quite interesting. I also saw that the APR is at 7% now. When thinking that HBD is actually more or less linked to the dollar value, it's quite nice to get 7% on Dollars. Try to find that on any bank ;-)
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